Selling Your Home? Tips for Getting Across the Finish Line in 2013
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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®
Bradenton, Manatee County, Real Estate Report, Forecast, Stats, and Data – October 2012
In Manatee county, FL, the median sold price for CONDOMINIUM properties for October 2012 was $89,000
, showing a decrease of 16.4% compared to last month, and an increase of 12.8% from October of 2011. The average days on market for condos sold in October 2012 was 147 days. That number is 6% below the 5-year October average number of 157 days. We realized an 8.2%, month over month, increase in the number of new contracts with 172 new ‘pending’ contracts, & a 2/4% month over month increase for ‘all’ pending contracts with 296. (All pendings = new pendings + contracts carried over from September 2012)
In Manatee county, FL, the median sold price for SINGLE FAMILY HOMES AND VILLA properties for October 2012 wa $185,000, showing an increase of 5/7% compared to last month, and an 18.6% from October of 2011. The average days on market for single family homes sold in October 2012 was 96 days. That number is 20% below the 5-year October average of 119 days. We realized a 1.4% month over month decrease in the number of new contracts with 629 new ‘pending’ contracts, & a 0.2% month over month increase for ‘all’ pending contracts with 1,363 (All pendings = new pendings + contracts carried over from September 2012) and a 4% increase in supply to 1,762 active listing for single family homes and villa homes. This activity resulted in a contract ratio of 0.77 pending contracts per each active listing, . This contract ratio is 153% higher than the 5-year October average of 0.30.
For a detailed real estate market report for your Manatee or Sarasota county zip code or neighborhood, please contact our team, The Serena Group, and we would be happy to provide that report at no cost to you → 941.757.5377
or email: info@TheSerenaGroup.com or follow this link to make your request: REQUEST MARKET REPORT!
Click on the images to enlarge the charts for viewing!
If you’ve purchased a home recently or intend to purchase soon, you may not have thought about the fact that you’re part of a vast industry that has made, and continues to make, a significant contribution to the American economy.
Consider the following information from an April 2012 report by the National Association of Realtors® (NAR):
“Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. The economic benefits of the housing market and home ownership are immense and well documented. The housing sector (in the U.S.) directly accounted for approximately 15% of total economic activity in 2011.”
Those statistics include such contributing factors as: mortgage lending; home construction; real estate agents’ commissions; lawyers’ fees, home appraisal costs, and moving costs. These sectors generate taxes and other forms of income for government at all levels.
Beyond that the housing industry also produces long reaching economic ripples that extend well beyond the home purchases and related expenses and expenditures.
Real estate transactions create jobs and, thereby, facilitate economic growth in ways that you might not even have considered.
For instance, a NAR study on the economic impact of real estate in the state of Oregon tells the tale:
For every home sold in Oregon in 2011, there were additional expenditures on consumer items, such as furniture, appliances and paint, totaling, on average, $5,234.
When you consider the number of homes sold across North America, you start to realize the numbers of manufacturers, suppliers of goods and services, trades people and sales forces that are dependent on the health and prosperity of the housing industry. The real estate industry remains, even under less than favorable circumstances, one to be reckoned with. Naysayers notwithstanding, it will continue to be so.
Even now with national housing markets in flux, home ownership remains ingrained in our very psyche. The American dream is alive and well and still very much a reality for many people.
If you’re considering or planning to buy or sell a home in the Bradenton, Sarasota, Manatee County, or Sarasota County areas of Florida…
Please consider working with our team of hard working and experienced real estate professionals, The Serena Group.
Learn more about us here → MEET THE TEAM!
You may contact us directly, anytime, at → 941.757.5377.
Well, you get the idea!
Below you will find some great tailgating ideas, recipes, tips, and information that will either enhance your enjoyment of game day or will help soothe your wounded pride (whatever the case may be!) while cheering on your favorite team.
If you’re a Florida Football fan, please visit our website for all your College and Pro favorite Florida teams game schedules and updates… all on one page! → FLORIDA FOOTBALL TEAMS, SCHEDULES
And while you’re there… if you’d like to also view homes for sale, get home selling tips and information, find out what you need to know before buying a home, use our mortgage calculators to find out what payments would be on your dream home, request a market evaluation for your home, get real estate market reports and statistics for your neighborhood, get information about foreclosures and short sales… and/or just about ANYTHING else you could think of that relates to real estate – buying or selling.
You’ll already be there… take advantage… and if we can help… please let us know!
Thinking of selling or buying a home in
The Serena Group team members are, and always have been, fervent supporters for anything that rewards, recognizes, enhances the lives of, or provides assistance to military men and women and their families.
The Serena Group has been involved, for a number of years, with Cell Phones for Soldiers, an organization that recycles donated cell phones and uses the proceeds from those donations to award free talk time to our military troops, and their families, while they are serving our country and its citizens. It’s a GREAT organization and we enthusiastically encourage you to explore it in more depth by visiting their website below ▼
If you have a cell phone/phones to donate to Cell Phones for Soldiers, in Manatee or Sarasota counties in Florida, you may drop them off at: Keller Williams Realty of Manatee in Braden River Plaza.
Here’s a link to a map of our office location ▼
Another fantastic ‘military family friendly’ organization, and one of our priority partners, is Chase Bank.
If you’re a member of the military and need assistance with: housing, jobs, education, banking, or credit options, you need to run… not walk…to ►ChaseMilitary.com and see how making a connection with Chase Bank may benefit YOUR family.
Here’s a testimonial from a very happy military family who is definitely glad they reached out to Chase for assistance ▼
For more information about Chase Bank, and it’s programs for military families in Manatee or Sarasota counties in Bradenton, contact Chris Tennant,Mortgage Banker for Chase Bank here ► More information about Chase Military
Ways to Prep for Hurricanes and protect from tornadoes.
Most people take fire safety seriously and have fire extinguishers handy and escape routes pre-planned should a blaze threaten their home. Yet while tornadoes/hurricanes and the violent storms surrounding them are far more common than homeowners realize, many homeowners don’t take the necessary steps to prepare for these destructive storms. On average, some 1200 tornadoes appear each year in the U.S.
With the possibility that the 2012 storm season will be a long and challenging one, The Hanover Insurance Group today provided tips to help home and business owners in tornado-prone states to prepare and minimize damages.
While tornadoes can occur in the United States during any month, weather conditions produce a peak season that runs through October. In areas of the country subject to the harshest storms, winds can far exceed those of even the strongest hurricanes, averaging between 110-205 mph.
“Tornadoes can form in every state east of the Rockies,” said Mark Desrochers, president of The Hanover’s personal lines business. “Preparing for a tornado is a practical safety precaution that should be taken by all households in these states. With proper preparations, home and business owners can significantly reduce the risks of injury to their family and pets, as well as damage to their property. This also enables them to recover quicker.”
To help prepare for a tornado/hurricane and respond in the event one strikes, The Hanover suggests the following 10 tips:
1) Make an action plan. Prepare in advance so that when a tornado/hurricane watch is issued, you already have an existing plan of action. Unlike hurricanes, which tend to be closely monitored for days, tornadoes can spring up quickly. In many cases, you will have to take shelter within minutes in your own home or a below-ground storm shelter. Experts advise never trying to outrun a tornado by car. Instead, move to the basement or to an inner windowless room or interior hall. Protect your head and neck with your arms and hands. Ensure everyone knows the action plan.
2) Create a survival kit. After a storm, it may be impossible to use roads for several days. You may be forced to live in your home for a while even if it is wrecked or you’re without electricity and water. So, it’s wise to assemble a survival kit containing a week’s worth of non-perishable food, bottled water, paper plates and cups, eating utensils, medicines, first aid handbook and bandages, blanket, a radio, batteries, flashlight, soap and toiletries, bleach for disinfecting, and spare clothing. Store the kit in the basement or other safe area.
3) Have debris removal tools on-hand. There may be a significant amount of debris following a tornado/hurricane that will have to be moved just to exit your structure. Some of this will be splintered wood and glass. With this in mind, store helpful items — including heavy soled shoes, gloves, eye protection and a small shovel to safely move debris. This should be kept in the same area as your survival kit.
4) Create a home inventory. Tornadoes/hurricanes can destroy your home and its contents, making it difficult to document your property losses, which can impede your recovery. With a proper home inventory you will have an acceptable means of documenting ownership and value in the event of a claim. Photograph or shoot video of your entire home or business, including the contents of each room, and store these with a written inventory and serial numbers in a fireproof safe or safe deposit box.
5) Ensure you have proper coverages in place. It is always a good idea to review your homeowner’s policy with your independent insurance agent, ensuring you have enough coverage for your contents and the physical structure as well. Also ask about other coverages that may be of value to you in the event of a tornado loss, such as reimbursement for temporary living expenses.
6) Create and share contact info. All family members should have the personal and business contact information (phone/email) for quick communications. Also ensure you have your agent and insurer’s claims office numbers stored in your mobile phone. After a storm, cell service may be more accessible than local land lines. Have important numbers on hand to help expedite your recovery after the storm. It’s important to keep your cell phone charged in advance, as power may be out for days.
7) Wait for official notice before returning home. If there is an evacuation after a storm, wait for official notice that it is safe to return to your home. When returning to your home, be cautious when entering a damaged structure. Stay away from damaged or weakened walls.
8) Take photographs and/or video documenting claim damage. Should your home or business be damaged in a tornado/hurricane, take pictures of the entire scene and document all damage — provided it is safe. Try not to remove items until an insurance adjuster has had an opportunity to visit the property and assess the damage.
9) Keep an accurate record of any temporary repairs or expenses. If you do need to make temporary repairs to help preserve the remains of your home or personal property, keep all records to ensure that they may be considered in your claim.
10) Engage with an Independent Agent. With careful preparation and planning — and assistance from your insurance professional — you can rest assured that you have the right coverages to meet your needs and a good plan of action in place. This will reduce the time and effort required to recover from a tornado and other major weather events.
While no one can tell you for sure whether a tornado or other weather event will strike your area, they are occurring with increasing frequency. So it is a good idea to consult with a local Independent Agent, have the right insurance carrier to meet your needs, and to be as prepared as you can in advance of such events.