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Oct. 8, 2020

JUST LISTED | 14915 AMBERJACK TER, #106, LAKEWOOD RANCH, FL 34202

Beautiful End Unit With A Large Open Floor Plan!

   

3 Bed | 2 Bath | 1,343 SqFt | MLS#: A4480303

This beautiful two-story end unit town home is perfect for a first-time home buyer... or anyone who enjoys the stress-free life afforded with maintenance-included amenities! Come in and you'll notice is how spacious the entire unit feels, as this is one of the largest floor plans offered. Dramatic vaulted ceilings and modern flooring downstairs creates a luxurious feel! The oversized kitchen is perfect for family meals and entertaining with modern appliances, ample counter space, and a functional dinette. You're sure to make cherished memories entertaining in this space! The light and bright en-suite master features a huge walk-in closet along with dual shower and tub combination. Nestled on the other side of the second floor are two sunny bedrooms and a guest bath. The back yard overlooks a gorgeous park area for a serene feel off your lanai with storage for your beach necessities. This home is steps from the LWR Adventure Park, schools, community pool, walking trails, and more! You do not want to miss this!

 

For more information call us at 941-260-0144!

Oct. 8, 2020

JUST LISTED | 1236 48TH ST, SARASOTA, FL 34234

A Peaceful And Quiet Sanctuary!

   

3 Bed | 2 Bath | 1,849 SqFt | MLS#: A4480164

Privacy and peacefulness, that is what you will be thinking as you drive down this private tree lined street. This remarkable home is surrounded by beautiful mature landscaping, including avocado and guava trees, creating a private sanctuary. Zeroscaped yard reduces your yardwork time so you can just kickback and relax. Sun filled dining room is great for enjoying your morning cup of coffee. Spacious kitchen is setup for entertaining. Gorgeous granite countertops extend to a large breakfast bar, which gives the floor just the right amount of dining and entertainment space! The living room leads out to a spacious enclosed Florida room. Master bedroom includes en-suite bathroom and large walk in closet! New roof and freshly painted exterior in 2020. No HOA fees. Call today for your exclusive tour of your new home!

 

For more information call us at 941-260-0144!

Sept. 28, 2020

Why Pricing Your Home Right Matters This Fall

Why Pricing Your Home Right Matters This Fall 

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC] | MyKCM

Some Highlights

  • As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
  • To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
  • Let’s connect today to make sure you have the guidance you need to price your home right this fall.
Posted in Bradenton, Sarasota
Sept. 28, 2020

September Real Estate Market Update

September Real Estate Market Update

Times are changing rapidly and we are here to keep you informed about whats going on in your backyard.  September is nearly over and the Sarasota and Manatee real estate market continues to sizzle. Lets dive into these numbers and see whats going on. 

First we always like to look at the number of new homes coming on the market. 

New Listings September 2020

August saw an increase in new listings coming on the market, still room for alot more inventory. Seller inventory is still playing catchup to buyer demand. Which is great news for sellers, if you were considering a move now is the time. 

 

Next up lets take a look at the number of pending homes or the number of home that have gone into escrow.

September 2020 Pending Sales

August saw another HUGE increase in new pending contracts, this was expected. The economy is rebounding, home affordability is at an all time high, and record low rates hitting staying near 3% is creating the perfect storm for home buyers.

 

Now lets take a look at Months Supply of Inventory. What this means is that if we sold every home available and no more inventory came on the market how long would that take. 

Months Supply of Inventory September 2020

Inventory took a huge dip again to 2.2 months, with pending's overshadowing new listings again, this number could drop lower. With listings down this creates a tightening inventory which can be a sign its a great time to get your home on the market, or if your thinking of downsizing/up-sizing its a great time. 

 

The median price is up 8.3% on the year, which is the amount that values have increased/decreased. With tightening inventory levels this is to be expected. If people are competing for homes, this will drive prices up. Median_Sales_Price_March September 2020

 

The next two numbers we want to look at is the number of homes that are actually for sale, and how long is it taking for those homes to go into escrow. 

Inventory Active Listings September 2020

So first the number of homes for sale has decreased almost 24% on the year. With a total of only 2760 homes for sale in Sarasota and Manatee County we are seeing Value (Price/Condition) as one of the most important factors. If inventory remains low this could change. Our advice is price your home correctly the first time. Capitalize on the equity you can get now and do not try and time the market.  Speak with your House Match Realtor to make sure you are POSITIONED to best capitalize on this. 

So when you have fewer homes for sale naturally the time on market or days on market we call it will go down. Which is how long does it take for a home to go on the market and then go into escrow. 

Median time to contract September 2020

So the time to contract is down 25.9% Year to Date to 40 days, this number too can be dialed in to specific neighborhoods and price points. However if your home has been sitting longer than 40 days you have to review the THE BIG TWO... Price and Condition. 

With inventory shrinking, homes that are priced well are getting snatched up almost 11 days quicker then they were this time last year. If you are in the market to buy, and you find a home you love don't sleep on it or you might not sleep in it.  

I also wanted to include this to show the difference between price points in how quickly homes are selling 

Median time to contract by sales price September 2020.PNG

Days to contract dropped throughout the entire range of home prices. With inventory at record low levels, the homes that were sitting are now starting to pick up activity again.  We use this data to know the competitive market we are going into and how to best position your home to win. 

 

It all has to do with supply and demand. Take a look at the next chart. 

new listings by initial price September 2020

We are seeing the biggest increase in that $300- $399 range of listings, what we are noticing is that alot of Sellers are taking advantage of the great interest rates to MOVE UP in home. They are selling and taking the equity they made in the $300- $399 range and moving up into the $400-$599 range of homes. Couple that with sub 3% interest rates and you can get alot of home for the money!

Closed Sales September 2020

Closed sales are up 11% from this time last year and on pace to break last years record of sales!  We should end the year with a higher sales number than ever before in Manatee and Sarasota Counties. 

We hope all of you are safe, healthy, and happy!  

If you have any questions or would like some more specific data on your home, neighborhood, or price point. Please do not hesitate to reach out!

 

Matt Bohanon

CEO

House Match

 

Sept. 28, 2020

Housing Market on Track to Beat Last Year’s Success

Housing Market on Track to Beat Last Year’s Success

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered.

Mark Fleming, Chief Economist at First Americanannounced last week:

“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”

The Economic & Strategic Research Group at Fannie Mae upgraded its forecast for home sales last week:

“Housing data over the past month continued to show a strong V-shape rebound, helping drive the broader economy. Existing home sales jumped to a pace not seen since 2006…We have substantially upgraded our forecasts for both new and existing home sales. For 2020, total home sales are now expected to be 1.3% higher than in 2019.”

The National Association of Realtors (NAR) agrees. In their last Pending Sales Report, NAR shared projections from Chief Economist Lawrence Yun:

“Yun forecasts existing-home sales to ramp up to 5.8 million in the second half. That expected rebound would bring the full-year level of existing-home sales to 5.4 million, a 1.1% gain compared to 2019.”

Yun’s forecast for 2021 was even more optimistic, stating, “Home sales will ramp up again next year, increasing between 8% - 12%.”

Bottom Line

The housing market has come roaring back and looks as though it may even surpass last year’s success.

Frank Martell, President and CEO of CoreLogic, hit the nail on the head when he said“On an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.”

 

Why Pricing Your Home Right Matters This Fall 

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC] | MyKCM

Some Highlights

  • As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
  • To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
  • Let’s connect today to make sure you have the guidance you need to price your home right this fall.
Sept. 25, 2020

JUST LISTED | 7403 50TH TER E, BRADENTON, FL 34203

Spacious Light and Bright Open Floor Plan!

   

3 Bed | 2 Bath | 1,823 SqFt | MLS#: A4479058

Creekwood charmer! Close to everything you need...I-75, UTC, and Lakewood Ranch Main Street. Grab your family and start life immediately in this open floor plan home. It has all of the features you need with a separate dining area, large family room that opens into the kitchen space along with a breakfast eating area. You make so many memories as this floor plan spills right into an over-sized lanai. Retreat into the large master suite with big, sunny windows featuring walk in closets, soaker tub, and walk in shower. This split plan has two more bedrooms each featuring their own walk in closets! Nestled in between is a bath for guests. The inside laundry room makes chores a breeze. Don't miss out on this great home in the heart of it all.

 

For more information call us at 941-260-0144!

Sept. 24, 2020

JUST LISTED | 7034 LANGLEY PL, UNIVERSITY PARK, FL 34201

Beautiful Pool Home With A Stunning Lake View!

   

3 Bed | 3 Bath | 2,911 SqFt | MLS#: A4478767

Resort style living, privacy, and a layout perfect for entertaining - this home offers it all! Enjoy the views and seclusion this lot offers nestled on a cul-de-sac overlooking the gorgeous lake behind the home. You'll enter through the grand solid wood double entry into the open-concept formal dining and living space with gorgeous tray ceilings and abundant light which easily flows into the chef's dream gourmet kitchen! Complete with induction & electric cooktop, GE convection oven, and a expansive granite island and counters, and a large eat-in kitchen dining space! Entertaining is bliss with island seating along with breakfast area with a sunny atrium window flowing into the family room and lanai. The conservatory offers built in shelving perfect for curling up with a good book. The master suite is light and bright fully equipped with dual closet space, a walk in shower, and separate tub. Two more neutral bedrooms and a guest bathroom round out the space. The lanai is the heart and soul of the home boasting a sparkling pool and spa along with an outdoor kitchen that is sure to to be the perfect outdoor entertaining venue for your future house guests. There are so many beautiful touches to this well maintained, cared for and neutral palate home that you'll want to see and enjoy in person. Step into your piece of paradise today!

 

For more information call us at 941-260-0144!

Sept. 24, 2020

JUST LISTED | 11327 RIVERS BLUFF CIR, LAKEWOOD RANCH, FL 34202

Beautiful Pool Home Nestled In Lush Landscaping!

   

3 Bed | 2 Bath | 2,331 SqFt | MLS#: A4478765

Retreat to your private pool paradise while in the heart of Lakewood Ranch! An open floor plan that flows out to the sparkling pool that is perfect for entertaining! A den retreat for working at home, an important feature for today's world. Make countless memories in the formal living room during those special occasions. The large kitchen space with stainless steel appliances, wine fridge, breakfast bar is a dream for any cook! Movies or the big game can easily been seen from the great room set up. Not to be out done, the master suite offers access to the pool, dual vanities, walk in shower, and soaking tub. Two more large bedrooms are nestled between a bathroom complete this great set up. A large yard with lush landscaping makes this a great Florida home!

 

For more information call us at 941-260-0144!

Sept. 15, 2020

JUST LISTED | 4345 TRAILS DR, #3-2, SARASOTA, FL 34232

Beautiful Condo Nestled In Lush Mature Landscaping!

   

3 Bed | 2.5 Bath | 1,586 SqFt | MLS#: A4478034

Ideal Sarasota location - Close to everything: UTC, Downtown, Siesta Key, and St. Armand's Circle. This Lakes of Sarasota condo is perfect for your growing family or retirement plan! Imagine sipping coffee off of your master bedroom lanai while gazing at this tree studded neighborhood! A first floor master bedroom with an open floor plan is everything that you need. A large great room with vaulted ceilings with an adjacent dining room is perfect for entertaining guests. Nestled next to it is the kitchen, all lined up for being the perfect host. A light and bright Florida room is an ideal studio, craft room, or office surrounded by trees.The two additional bedrooms are on the second floor with a Jack and Jill bathroom between. An ideal set up for guests or keeping the young ones things settled away. The Lakes has a great Sarasota school set up and ideal location. Come see this stellar condo today!

 

For more information call us at 941-260-0144!

Sept. 10, 2020

Homebuyer Traffic Is on the Rise

Homebuyer Traffic Is on the Rise

Homebuyer Traffic Is on the Rise

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right.

ShowingTime, a leading showing software and market stat service provider for the residential real estate industry, just reported on their latest the ShowingTime Showing Index:

“Home buyer traffic jumped again in July, recording a 60.7 percent year-over-year increase in nationwide showing activity.”

That means there are 60% more buyers setting appointments to see homes than there were at this same time last year. The number of potential purchasers was also up dramatically in every region of the country:

  • The Northeast was up 76.6%
  • The West was up 56.7%
  • The Midwest was up 52.1%
  • The South was up 46.7%

The Housing Market Is Showing a ‘V’ Type Recovery

ShowingTime also indicates the real estate market has already come back from the downturn earlier this year that was caused by shelter-in-place orders. Here are the year-over-year numbers for each region on a monthly basis (See graph below):Homebuyer Traffic Is on the Rise | MyKCMWe’re way ahead of where we were at this time last year. This data validates the thoughts of Frank Martell, President and CEO of CoreLogic, who recently noted:

“On an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.”

Bottom Line

If you’re thinking about selling your house, this may be a great time to get the best price and the most favorable terms.