Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Bradenton and Bradenton Beach. Low rates with falling home prices makes a home purchase a great value! Call now for more information at

Average Home Price $275,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Bradenton and Bradenton Beach isIncreasing
Seller Activity for the past 90 days in Bradenton and Bradenton Beach is?Increasing
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell With the continued normal adjustments in the real estate market, Bradenton offers a great opportunity for taking advantage of prices that have been rolled back to near 2002 pricing.
Nearest Metro AreaSarasota
Housing Hot SpotsMost cities within the Manatee County area are considered ’Housing Hotspots’
Average Sold Price $275,000 - View Graph Trend

Bradenton and Bradenton Beach Local News


News for Bradenton and Bradenton Beach, FL - June 21st, 2011 4:23am
Sales surge continues in May; condo prices soar
The Sarasota real estate market continued its strong spring showing in May 2011, with 796 total
sales reported by members of the Sarasota Association of Realtors® - the second highest total in
the past six years.
Only the March 2011 sales figure of 800 has been higher since the end of the real estate boom of
2003-2005. Prices for both single family homes and condos also climbed in May 2011, with the
condo median sales price of $218,750 at the highest since October 2009. For single family
homes, the figure in May rose to $159,000, just under the March high of $159,250, continuing
the 2011 upward trend.
The total available property inventory dropped to 5,010, another big decrease from last month's
level of 5,258, and once again the lowest level in the past six years. The inventory reached its
apex in April 2007, when 17,089 properties were on the market.
... [ + Read Full Article ]

News for Bradenton and Bradenton Beach, FL - March 14th, 2011 1:35pm
Sales up; inventory drops to six year low in Sarasota market
The number of available properties in the Sarasota real estate market dropped to a six-year low in
February 2011, and sales were up 24.2 percent from the previous month. Median sales prices for
both single and condominiums dropped as bargain hunters continued to grab foreclosures and
short sales, which represented almost 47 percent of all sales.
Compared to this time last year, sales were up 27 percent to 673 total sales, from February
2010's total of 528 sale. There were 472 closings on single family homes and 201 closings on
condos last month by members of the Sarasota MLS.
In addition to the positive sales figures, pending sales also registered above the 1,000 level in
February, with 1,023 total properties going under contract last month. In January 2011, 1,013
properties went under contract. This statistic is a strong indicator for the next two or t... [ + Read Full Article ]

News for Bradenton and Bradenton Beach, FL - January 12th, 2011 11:47am
Sales surge in December 2010 and prices remain stable
The Sarasota real estate market saw a big surge in December sales, from 534 in November to 681
last month for a 27.8 percent increase. In addition, the median sales price for both single family
homes and condos was up in December 2010, indicating a recovering local real estate market.
The property sales breakdown in December 2010 was 500 single family home sales and 181
condos.
The statistics for December 2010 were even better than December 2009. The 681 total sales
reported last month topped the 648 sales in December 2009. The median sale price for single
family homes stood at $165,000, a small drop from last year's figure of $170,000, but higher
than the November 2010 figure of $160,100. For condos, the median price rose slightly to
$160,000 from the previous month's $159,000, down from last December's median of $199,000.
But condo prices have... [ + Read Full Article ]

News for Bradenton and Bradenton Beach, FL - Saturday June 13th, 2009 9:15am
Home sales once again top 500 in Sarasota market. Overall home sales in the Sarasota real estate market exceeded 500 for the second time since June 2008, inventory levels dropped, and the median sale price for both single family and condominiums stabilized in May 2009. These statistics all point toward a normalization and moderation of the market following a more volatile period during the past two years. The overall sales level of 506 included 375 single family homes and 131condominiums, nearly identical to the April 2009 numbers - 367 homes and 138 condos, respectively. Pending sales also remained at highly elevated levels, with 719 pending sales for single family homes and 210 pending sales of condominiums in May. The overall total of 929 was very near the 981 pending sales reported in April 2009. The trend for pending sales has been upward for several months, with 817 reported in March 2009, when the figure topped 800 for the first time in three years. The total of 917 was 34 perce... [ + Read Full Article ]
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June 2009 (2)

Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Rick Libro
RE/MAX Alliance Group
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