Bradenton Real Estate

September 11, 2011

Bradenton, Sarasota, Real Estate, Homes for Sale, Market, Reports, and Sales Data

Welcome to the latest issue of The Serena Group Newsletter!

As a real estate professionals, we strive to keep in touch with our clients providing them with information that we hope they will find useful.

This newsletter is an opportunity to let you know about the state of the market & current trends. It may even touch on ways that you could enhance your home’s value.

We hope the market data & articles will help you with understanding real estate today & help you with your real estate decisions. If you have any questions, please do not hesitate to contact us!

Sending our best,

The Serena Group
__________________________________________________________

Trend, Tips & Tricks

Manatee County in Florida Real Estate Sales Data

Average Listing Price (last 12 months)

Average List Price in August

Single Family Homes $423,080 Condos/ Townhomes $304,510 Multi-family $323,619

Words, Words, Words

How well do you know some of the different words used to describe people working in Real Estate? Do you know what these mean?

contingency
A condition that must be met before a contract is legally binding. For example, home purchasers often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector.
escrow
An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the earnest money deposit-which shows serious intent to buy- is put into escrow until delivered to the seller when the transaction is closed.
prime rate
The interest rate that banks charge to their preferred customers. Changes in the prime rate are widely publicized in the news media and are used as the indexes in some adjustable rate mortgages, especially home equity lines of credit. Changes in the prime rate do not directly affect other types of mortgages, but the same factors that influence the prime rate also affect the interest rates of mortgage loans.

Manatee County in Florida Real Estate Sales Data

Days on Market (last 12 months)

Current Average Days on Market in August

Single Family Homes 186 Condos/ Townhomes 228 Multi-family 290

Monthly Trivia articles

September

September is a time of harvests, leaves changing colors and back to school, but don’t forget September 19th is international “Talk Like a Pirate Day”.
September is named after “septem” which is Latin for “seventh month” (the first month in the Roman calendar is March).
The birth flower is Forget-Me-Not, Aster, or Morning Glory. The modern birthstone is Sapphire (loyalty, sincerity, truth and commitment) and the traditional birthstone is Lapis (protection and understanding).

Manatee County in Florida Real Estate Sales Data

Price Reduction (last 12 months)

Recent Price Reductions in August

Single Family Homes 6.9% Condos/ Townhomes 6.5% Multi-family 14.1%

An Easy Furniture Fix – Without Calling an Expert

Revive your wicker

Wicker furniture can be a challenge to clean. But that’s no reason to pay a professional. Here are some insider tips:
1. Use a vacuum cleaner with a brush attachment to lift dust, dirt and lint from within the woven reeds.
2. Wipe wicker with a clean cloth moistened with paint thinner (first try a little thinner on an inconspicuous spot to make sure it does not harm the finish). For stubborn stains, lightly rub with a green pot scrubber moistened with paint thinner.
3. To bring up the sheen on wicker, apply furniture wax with a clean cloth.

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