by Jay Richter, Managing Broker at John R. Wood
As we finished the year, how did we do? In 2019 Brokers sold more property than 2018. I separated the sales by price range, so you could see the areas that were hot and those that were not. The towns surrounded by water had a mild decline in sales. Water quality issues stayed in the minds of customers, is the reason, in my opinion. (I value yours…write me)
Look also at the decline in new listings on the market. With less supply, prices will tend to not go down. It might also lower sales numbers in 2020, as we have less to sell. In our office, we are seeing the by-product of less inventory…. multiple offer scenarios back in play. Buyers that hesitate making offers on “creampuff” properties are losing owning them, as others swoop in. A house that is renovated or staged are selling faster and for more money.
From Sanibel to Marco the pulse of the market is good. Demand is coming from strong business markets, growth in population, more jobs and the popularity of our quiet side of Florida. Let’s not forget our sub topical climate… a respite from the cold!
Jay has coached agents and led Real estate companies in SW Florida for 25 years. He has a degree in Real Estate from FSU, Is a Florida Licensed Real Estate Instructor and Real Estate Broker and Published Author