Our Blog

Tuesday, January 15, 2019   /   by Alexander Haigh

Do the Year-Over-Year 2018 Stats Point to a Shift Happening in Our Market?

Is our market shifting as we begin 2019? Let’s look at the year-over-year statistics from November 2018 from St. Lucie, Martin, and Palm Beach counties:


St. Lucie County

The number of closed sales rose 4.2% from 425 to 443
The number of units that were paid for in cash dropped 7% from 114 to 106
The average sale price dropped 0.8% from $228,513 to $226,738
The total dollar volume of units sold increased 3.4% from $97.1 million to $100.4 million
Pending inventory dropped 7% from 787 units to 732 units
The months' supply of inventory rose 20% from 3.5 to 4.2 months



Martin County

The number of closed sales dropped 23% from 178 to 137
The number of units that were paid for in cash dropped 5.9% from 61 to 58
The average sale price dropped 5.6% from $463,924 to $437,969
The total dollar volume of units sold decreased 27.3% from $82.6 million to $60 million
Pending inventory dropped 14% from 279 units to 240 units
The months' supply of inventory stayed the ...

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  market update, real estate

Tuesday, December 18, 2018   /   by Alexander Haigh

A Holiday Real Estate Market Update

Before we begin, I’d like to wish you all a happy holiday season! My gift to you is this update on the latest market numbers for St. Lucie, Martin, and Palm Beach counties from October 2017 to October of this year.


For your convenience, I’ve included timestamps to help you view the specific topics that pertain to you. Feel free to navigate to the section(s) you’d like to see:


(0:30) — Introduction to our market update
(0:52) — Number of sales
(1:36) — Number of closed sales paid in cash
(2:30) — Average sale price numbers
(3:30) — Dollar volume of home sales
(4:35) — Pending sales numbers
(5:33) — Supply of inventory numbers


If you have any questions or would like some more information, feel free to reach out to me. I look forward to hearing from you.
 

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  market update

Tuesday, December 4, 2018   /   by Alexander Haigh

Want to Help Us Give Back This Holiday Season?

The holiday season is finally here, and today I want to talk to you about a cause that’s very near and dear to my heart, especially during this time of year: the ARC of Martin County.



ARC stands for “Advocates for the Rights of Citizens,” and it’s an organization that takes care of people with special needs through afterschool programs, job placement, etc. They work with people who have cerebral palsy, autism, down syndrome, and more.



To help them out this year, we’re hosting a clothing drive for ARC. They have nine different houses in the area that their clients are housed in, and now that we’re in the season of giving, I want to do my part to help give back. I’d love for you to join me.



You can donate any new or gently used clothing to our office at 203 SW Atlanta Ave., or we’d be happy to pick it up from your home if you give us a call or send us an email.



If you have any other questions for us in the ...

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  real estate

Tuesday, October 16, 2018   /   by Alexander Haigh

What Do the Latest Year-Over-Year Numbers From August Say About Our Market?

Here are the latest year-over-year statistics comparing August 2017 to August 2018 in St. Lucie, Martin, and Palm Beach counties:


St. Lucie County:


-The number of units closed increased 14% from 467 to 533
-The number of units paid for in cash rose 9.2% from 109 to 119
-The average sale price rose 8.7% from $205,000 to $225,000
-The total dollar amount of the volume sold rose 24% from $101 million to $125 million
-Pending inventory dropped 2.8% from 855 to 831 units
-Total inventory rose 2.9% from 3.5 months to 3.6 months


Martin County:


-The number of units closed dropped 15% from 247 to 208
-The number of units paid for in cash dropped 21% from 76 to 60
-The average sale price rose 2.2% from $467,000 to $477,000
-The total dollar amount of the volume sold dropped 14% from $115 million to $99 million
-Pending inventory increased 1% from 305 to 308 units
-Total inventory dropped 8.2% from 4.9 months to 4.5 months


Palm Beach County:


-The num ...

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  market update

Tuesday, October 2, 2018   /   by Alexander Haigh

How Do Zillow’s Zestimates Really Work?

Zillow is the whale of online home searches—87% of people searching for homes online go to Zillow.com.
The website has a cool little widget called a Zestimate which allows you to plug in your address and receive an estimate of your home’s value. My own website, viewfloridahomesnow.com, has a similar feature, as well as a list of available properties.
How does the Zestimate differ from my process? The Zestimate is an algorithm that links together information from the MLS and public record. It doesn’t have the capacity for critical thinking; Zillow doesn’t know how your home differs from the homes it’s comparing yours to.
At the end of the day, a Zestimate doesn’t recognize the unique features that your home possesses which might affect its value.
Further to that, not all the listings that are shown on Zillow are available anyway. Many have already been put under contract or sold. However, Zillow does sell information to rea ...

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  home buying