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Market Update March 2019

Monday, March 11, 2019   /   by Hunter Habib

Market Update March 2019

Greetings, Neighbors!

 
Happy March, everyone! Since the end of 2018, our team has been tracking an emerging trend, which has indicated a slow start to the 2019 year.  Late last year, we started noticing a change affecting sales and made mention of the “shifting market” in our February 2019 Market Introduction. Now that we’re in March, the trend has been confirmed.  The change has affected both January and February sales as reflected in the area’s decrease in pended sales. However, this trend does not in any way suggest a downturn or any reason to become concerned with the market.  The shift can also be short-lived, as our market is experiencing normal behavior as we continue to balance out.
 

However, you’ll still want to make sure you’re working with an experienced REALTOR® in a shifting market, no matter how short-lived the shift may be.  For instance, lower priced homes are still receiving multiple offers while higher prices luxury homes take more marketing and experience to sell properly.  Additionally, many homeowners implemented price repositions in January and February, bringing pricing closer to market value.  Price repositions are also indications that sellers are watching the trends and heeding the advice of area brokers and agents. 
 
Also, area brokers also report that March thus far has seen increased activity in open house traffic and sales, so it will be interesting to see what our next Market Introduction will report on for the full month of March. Many area brokers are predicting that we’ll see an uptick in pendings and sales for the end of Quarter One 2019.  Let’s see if they are correct or if the shift continues into Quarter Two.
 
 
Are you selling or buying this winter season? Our team can help you make it happen with the best possible outcome!  Here is a handy list of unique sales tools we provide our buying and selling clients. Whether buying or selling, our tools are PROVEN to help you get the most from your transaction!


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Let us help guide you through this winter’s current market conditions and assist in making the best decisions for the purchase or sale of your Southwest Florida property!



D. Michael Burke, P.A.                                                                                                         
Keller Williams Elite Realty
26381 S. Tamiami Trail, Suite 300
Bonita Springs, FL 34134
239-498-7600
Michael@TeamMBurke.com 

  real estate, 2019, market update

Paradise Luxury Group with Keller Williams
Michael Burke
879 Vanderbilt Beach Rd
NAPLES, FL 34108
239-498-7600

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2020 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 9/25/2020 12:17 PM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Data last updated 9/25/2020 12:17 PM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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