Bradenton Florida Homes Outpace The Nation

Existing home sales have fallen across the nations for six straight months. Yet, our Bradenton - Sarasota, FL sales are up again. In fact Bradenton - Sarasota was the fourth highest selling market in the whole state.

Locally home sales are up 4% over last year and the median price seems to be stabilizing.


What does this mean for those thinking of buying a home in Bradenton, FL? It means that you are beginning to have more competition. More buyers are active in the market today.

In talking with other Realtors in our Bradenton Real Estate market I am hearing virtually all of them say they are busier than ever. More buyers are looking and purchasing.

If you have ever wanted to own a vacation home in our area, now is certainly the time to buy. Prices are down and interest rates are attractive. If you have thought about moving here permanently, don't delay.

(Copyright © 2008 By Dan Forbes, All Rights Reserved.)

---

Dan Forbes, PL is a licensed Broker-Associate and Certified Residential Specialist. He leads the Forbes Advantage Team at RE/MAX Gulfstream Alliance Group's Lakewood Ranch Office in Bradenton, Florida. He can be reached at 941-713-5760 or 800-756-3068. To learn more about buying a home or selling a home in the Bradenton - Sarasota Florida Real Estate market please visit Dan on the web at:
http://www.BradentonFloridaRealEstate.com/
http://www.BradentonRealEstateClub.com/
http://www.the-short-sale-expert.com/
My Blogs http://www.TheRealEstateZoo.com/

The Top Ten Places To Invest

The best place to get a bargain on a home is an area where there is healthy job growth and more houses available than people to buy them.

Forbes magazine went looking for markets where the damage from risky lending hasn’t been as dramatic as in some parts of the country and where employment growth will burn off an over-abundance of inventory quickly.

Here are the magazine’s 10 best cities for bargain house hunters.

1. Salt Lake City, Utah. Developers have gotten ahead of the demand, but the city is adding jobs more quickly than practically any place else in the country.

2. Raleigh, N.C. Another place where building got ahead of the curve, but the economy is expanding quickly.

3. Orlando, Fla. This part of the state had fewer speculators than Miami and Tampa, and it’s adding jobs faster than those cities as well.

4. Charlotte, N.C. The financial industry is moving here, adding jobs, but the inventory of unsold homes is still significant.

5. Phoenix. This city had a high foreclosure rate, but the economy is growing and people are still moving here in large numbers.

6. Seattle. The city’s port has profited from the weak dollar, but the housing price growth has slowed.

7. Las Vegas. This market was hit hard by foreclosures, but the growing economy makes the huge inventory less toxic than it is many places.

8. Jacksonville, Fla. The foreclosure rate is slower than the rest of the Florida cities, making the large inventory likely to improve.

9. Richmond, Va. There is only one foreclosure per 1,103 households here (compared to 1 in 33 in Detroit). Still, there are plenty of homes on the market.

10. Houston. Homes in Houston have long been a bargain. While there have been plenty of foreclosures, the population and the economy are expanding.

---

Dan Forbes, PL is a licensed Broker-Associate and Certified Residential Specialist. He leads the Forbes Advantage Team at RE/MAX Gulfstream Realty’s Lakewood Ranch Office in Bradenton, Florida. To learn more about buying a home or selling a home in the Bradenton - Sarasota Florida Real Estate market please visit Dan on the web at BradentonFloridaRealEstate.com ; The-Short-Sale-Expert.com ; and TheRealEstateZoo.com

Call Dan Forbes today: 941-713-5760 or toll free at 800-756-3068.

What Are The Most Affordable Areas In Which To Rent?

Foreclosures are driving rental rates down in many parts of the country, especially in the condo market. Some tenants are happy to find rents 30% lower than they were a couple of years ago.

An article on Realtor.org reports, "There are 760,000 vacant condos and homes for sale nationwide beyond what the market could normally carry, in addition to a surplus of 350,000 vacant rental properties, according to Ron Witten, a Dallas-based housing analyst."

So, just where are the most affordable areas for condo rentals?

here are the 10 least-expensive rental markets with their average monthly rents, based on the prices in complexes with 40 units or more:

• Wichita, Kan.: $470


• Oklahoma City: $490


• Tulsa, Okla: $520


• Knoxville, Tenn.: $560


• Dayton, Ohio: $570


• Chattanooga, Tenn.: $580


• Greenville, S.C.: $580


• Lexington, Ky.: $600


• Louisville, Ky.: $600


• Little Rock, Ark.: $600

Overall, the U.S. average for rent is $975.

(Copyright 2008 by Dan Forbes, All Rights Reserved)

Please contact me, Dan Forbes, or call 941-713-5760 if you have any questions about our Bradenton Florida Real Estate market. Please visit BradentonFloridaRealEstate.com; TheRealEstateZoo.com; The-Short-Sale-Expert.com

Bradenton Florida New Home Builders Offering Discounts and Incentives

If you are in the market for a new home, now may just be the best time ever to buy. New home builders in our Bradenton, Florida real estate market area are offering everything from free 42-inch flat screen televisions to free car leases to free pools.

New homes can be found starting in the low $120,000's. Homes priced in the $2 million dollar range have been discounted $300,000 by one builder. If you have a home to sell, one builder will pay up to 6 months on your new home while you are selling the old one.

How can you find out about these incentives? Contact me of course!

(Copyright 2008 by Dan Forbes, All Rights Reserved)

Please contact me, Dan Forbes, or call 941-713-5760 if you have any questions about our Bradenton Florida Real Estate market. Please visit BradentonFloridaRealEstate.com; TheRealEstateZoo.com; The-Short-Sale-Expert.com

Price Analysis for the Sarasota Bradenton Venice Metro Region

The National Association of Realtors has just released a 14 page Home Price Analysis for our metro area. You may request a copy from me.

Here is an excerpt:

"Despite some media reports of the worst housing market conditins since the early 1990's, or even since the Great Depression, the recent home price declines have been negligible at the local level.... The outlook is positive...A rise in home sales and a return to rising home prices are a definite possibility for 2008."

If you would like an email copy of the 14 page report just contact me through my website. Ask for the Home Price Analysis Report.

While you are here, look to the sidebar on the right and subscribe to this blog.

Thanks,

Dan Forbes

Bradenton Florida Short Sale Listings

Please contact me, Dan Forbes, or call if you have questions about our Bradenton, Florida real estate market at 941-746-0505; toll free 877-646-8326. Visit my web site and blogs BradentonFloridaRealEstate.com ; TheRealEstateZoo.com ; The-Short-Sale-Expert.com

Bradenton Florida Real Estate Market Conditions Report

PREMIER TEAM’s
Market Conditions Report Summary
November 2007
(from our study of the Gulf Coast Regional Multiple Listing Service)

Statistics for Single Family Homes

• Total Listings: 4354 - Up 2.7% over last year. DOWN 6.8% from last month
• Total Solds: 161 - Down 11.55% year to year, and Up 25.7% from last month . 96.25+% of homes for sale DID NOT SELL in November.
• Median Sales Price: $180,000 – Up 10.4% from a year ago. Down 24.2% from high of 2005
• Absorption Rate: 27.0 months. This is how long it would take to sell all of today's listings at the rate homes are selling and if no other homes were listed. Last year: 23.4 months.
• Average Days on Market: 106 – Up 15.2% over last year

Statistics for Condos

• Total Condo Listings: 2002 – Up 3.2% over last year. Up 2.1% from last month
• Total Solds: 57 – Up 35.7% year to year and Up 23.9% over last month.
• Median Sales Price: $180,000 – Up 10.4% from a year ago. Down 24.2% from high of 2005
• Absorption Rate: 35.1 months. Last year: 46.2 months.
• Average Days on Market: 140 – Up 70.0% over last year

Finally, Things Are Looking Up!!!
The dark clouds may be parting in our Bradenton real estate market. There just may be more good news than bad news. We may have reached the tipping point.

Could 2008 begin the recovery in our market? It appears hopeful.

• Inventory is going down. That is significant.
• Sales are going up. Another signficant number.
• Days on Market. Well, they increased, which is not good. Look for this to turn around as the market improves.

Here is the detailed Market Conditions Report:
Total%20Market%20Overview%20PDF