Monday, July 8, 2019 / by Alexander Haigh
The latest numbers are in from last May in our South Florida market. How do they compare to the numbers we saw in 2018? Let’s take a look:
St. Lucie County:
The number of closed sales went from 598 to 609—a 1.8% increase
The number of sales paid in cash went from 164 to 122—a 22% drop
The average sale price went from $244,812 to $246,448—a 0.7% drop
The total dollar volume of homes sold went from $146.4 million to $150.1 million—a 2.5% increase
The number of new pending sales went from 600 to 634—a 5.7% increase
The number of new listings went from 657 to 688—a 4.7% increase
The months supply of inventory went from 3.5 months to 4.3 months—a 22.9% increase
The number of closed sales went from 238 to 206—a 13.4% drop
The number of sales paid in cash went from 103 to 83—a 19.4% drop
The average sale price went from $537,591 to $535,473—a 0.4% drop
The total dollar volume of home ...
Wednesday, June 19, 2019 / by Alexander Haigh
If you live up North and you’re thinking about moving to Florida, there are three important considerations to make before you start shopping for homes.
Before you do anything, though, you need to get in touch with a Realtor so they can help guide you through the home buying process. Hiring one won’t cost you a thing—the seller pays the buyer’s agent’s commission fees.
That being said, the three things you need to take into consideration are the as-is contract and its specifications, the role of attorneys when closing your loan, and flood insurance. For your convenience, I’ve provided timestamps of the video above where I discuss each point in further detail and how it applies to you:
0:50—The AS IS contract and its specifications
3:19—The role of attorneys when closing your loan
If you have any questions about these important factors or any other real estate needs I can ...
Friday, May 31, 2019 / by Alexander Haigh
There are several things you can do to your home to boost its value when it comes time to put it on the market. Here are my tips.
If you’re planning to put your home on the market, either very soon or in the near future, there are a few things you can do in order to add value to your listing:
1. Get your house professionally cleaned. Many of us live busy lives, and we don’t all have the time to get really detailed with cleaning, so it’s often worth the $200 to $500 cost to hire a professional to come clean your home. Buyers don’t want to see a house as a list of projects they’ll have to take on, so do this before listing to entice the best offers.
2. Declutter the house. This is a very simple task that you can do at a low cost to give your home more saleability. Remove all the extra stuff you don’t need or use from your counters, floors, drawers, and any other place that tends to become a catch-all for sundry possessions.
3. H ...
Monday, May 20, 2019 / by Alexander Haigh
Today I’m happy to bring you the very latest update from our market on single-family homes! Let’s dive right into the numbers for St. Lucie, Martin, and Palm Beach counties:
St. Lucie County:
-Number of units closed in March 2018 was 489 and 497 this March—a 1.6% increase year over year
-All-cash sales reached 153 in March 2018 and 112 this March—a 26.8% decrease year over year
-The average sale price was $254,981 in March 2018 and depreciated by 1.4% to $251,400 this March
-Dollar volume for March 2018 was $124.7 million and $124.9 million this March—an uptick of 0.2% year over year
-Pending sales in March 2018 were at 663 and 599 this March—a 9.7% decrease year over year
-New listings in March 2018 and 2019 were at 689 and 702, respectively—a year-over-year gain of 1.9%
-Our supply of inventory was at 3.6 months’ worth in March 2018 and 4.6 in 2019—a 27.8% jump y ...
Tuesday, April 9, 2019 / by Alexander Haigh
Our latest February numbers are in, so today we’ll be comparing those numbers with what we saw last year in February 2018. What has changed in our South Florida market since then? The numbers don’t lie, so let’s take an in-depth look at what they say.
For single-family homes in St. Lucie County:
387 homes sold in February 2018 and 357 sold in February 2019, down 7.8%
There were 117 paid-in-cash sales in February 2018 and 86 in February 2019, down 26.5%
The average sale price was $225,294 in February 2018 and $239,820 in February 2019, up 6.4%.
The dollar volume of homes sold was $87.2 million in February 2018 and $85.6 million in February 2019, down 1.8%.
There were 672 new listings in February 2018 and 624 in February 2019, down 7.1%.
There were 1,768 active listings in February 2018 and 2,171 in February 2019, up 22.8%.
There was 3.8 months’ worth of inventory in February 2018 and 4.8 in February 2019, up 26.3%.
For single-family homes in ...