Balanced Market Prevails
This is an exciting and positive time for Michael Saunders & Company’s regional real estate market. During the first quarter of 2018, sales remained strong even though we were in a “balanced market” (favoring neither sellers nor buyers). The good – no great – news is that Gulf coast real estate remained in high demand during the first quarter, and I anticipate that trend to continue. In fact, typically, second quarter sales are stronger than first quarter sales. Another positive factor is that Pending Sales were up over 11% from last year during the same season and Closed Sales grew over 6%.
Michael Saunders & Company’s three-county market area’s Total Sales Volume of $718,264,000 once again put us in first place among the top ten brokers. This included sales in “all price points.” To review the entire top ten contenders, click here to review our full Q1 2018 Market Report.
Within our Market Report, you will find specific information for Michael Saunders & Company’s Charlotte County market. While the County’s listing inventory was down 4.4%, new listing were up 4.5%, listings under contract (pending) were up 9.9%, and media sale price was up 7.0%. All in all, a very favorable market.
Buyers and Sellers Take Note
If you are thinking of buying, you need to be focused and ready. If you find a property in the right condition, for your right price, in your ideal location, do not wait.
For sellers, remember to always keep your eye on the “silent inventory” in the new home market. Your competition is no longer only what is on your street, in your neighborhood, or in the same zip code. New home construction for single family and condominiums is on a fast track creating a highly competitive market for buyers, giving them more options that our Multiple Listing Service (MLS) statistics show.
If you are considering selling, your pricing strategy is critical so that you are the most competitive. For a non-obligation market analysis on your home, contact me and I’ll be happy to set up a short meeting with you at your convenience.
Thanks for visiting my blog. Helping educate and inform my customers on real estate topics, trends and news is important to me and is hopefully useful to you.
To find out more about trends in your specific neighborhood, feel free to contact me at 941.322.7133 or via email at firstname.lastname@example.org. It is always fascinating to hear what is on your mind!