CoreLogic Australia’s Post

The Naples market posted the most significant year-over-year increase for April, at 8%. New listings over the 12 months ending April 30 were down 9% compared to the average for 2017 through 2019. Months of supply was 6.98 months as of April 30th, moving little year-to-date, and remaining within the 6–12-month range which reflects balanced market conditions. A historically slow pace of new listings has offset much of the decline in sales that has occurred since the pandemic-driven surge, bringing our overall market back to a state of balance rather than shifting to a buyer’s market. Although market conditions remain strong for sellers, they need to bear in mind that there’s no longer a shortage of inventory. Buyers have the luxury of choice, and a seller’s pricing should be in line with the most recent, relevant closed sales and be competitive with other available listings. Homes priced in-line with today’s market are selling, and serious buyers need to be positioned to recognize properly priced homes and act quickly, before others. Localized market conditions can be tough to gauge and can vary considerably by neighborhood, product type, and price segment; making the expert knowledge of a skilled Realtor® critical to a successful outcome for both buyers and sellers. The Citrano-Batten Team is here to provide you with over 40 years of local knowledge, experience, & expertise in buying or selling in the SWFL real estate market! Through April, John R. Wood Christie’s International Real Estate continues to rank as the top brokerage in total year-to-date sales volume and transactions in Southwest Florida! #swflrealestate #naplesrealestate #naplesfl #naples #citranobattenteam #johnrwoodproperties #christiesinternationalrealestate

Reading through CoreLogic's latest analysis by Eliza Owen, there are some intriguing insights that I've gathered from the article. 🟠 1. Spring typically sees an 18.2% increase in new property listings and an 8.3% rise in sales over the past decade, especially in colder regions like Melbourne and Hobart. 🟠 2. Broader market conditions such as interest rates and economic health can temper the usual spring enthusiasm, as seen in historical downswings in Sydney and Melbourne. 🟠 3. For the lead-up to spring 2024, national data shows a balanced market with nearly equal numbers of sales and new listings over the past three months. 🟠 4. Adelaide and Perth are currently strong seller’s markets with sales outpacing new listings significantly, leading to low median days on the market. 🟠 5. High total listings in markets like Melbourne and Hobart may create competition among sellers, potentially leading to flatter or falling property values. For property investors, this suggests that while spring usually brings heightened activity, regional variances and economic conditions should guide your investment timing and strategies. Check Out The Full Article here: 👇👇👇👇

2023 Ends with Inventory Returning to Pre-Pandemic Levels. The real estate market in Sarasota and Manatee counties concluded the year with inventory levels returning to pre-pandemic norms, marking a notable 56.6% increase from the previous year. However, December witnessed a significant decline in new listings, reaching a 12-month low and plummeting by 41.7% compared to November. Despite this, there was a modest 1% year-over-year increase. The month of December reported a 12-month low in the total number of homes placed under contract, standing at 1,414, marking the lowest figure for 2023. Additionally, the cumulative number of homes currently under contract hit a 5-year low, totaling 2,127 properties, the lowest since December 2018 at 1,878. Closed sales in December for Sarasota and Manatee counties combined experienced a 3.6% increase from November and a notable 6.2% surge compared to the same period the previous year. The median number of days a property spends on the market increased to 28 days, reflecting a 27.3% month-over-month increase and a substantial 55.6% year-over-year rise. Throughout the past 10 months of 2023, homes consistently sold at over 97% of the asking price, indicating a persistently strong seller's market. The inventory level stood at 3.83 months, signifying the estimated time it would take to sell all current homes on the market. Contact me if you are considering buying or selling. #sarasotamarketstats #siestakey #siestakeyrealestate #sarasotarealestatemarket #srq #realestate #floridasuncoast #sarasotarealestate #topsarasotarealtor #luxuryrealestate #srqlife #sothebysrealty #mikewarmrealtor #sarasotarealtor #sarasota #siestakeyrealtor #siestakey #psir #BePremier #premiersothebysinternationalrealty #PremierSIR #LookNoFurtherPSIR

Here is your weekly market update! 📈 1. Market Update: Attention buyers and sellers 🏘 in Melbourne, FL 32904! As of April 2024, there is a 2.87 Months- Supply of Inventory, with a +48.7% increase over the last 12 months. The List to Sold Price percentage is 97.2%, with a median days on market of 48. The median Sold Price is $439,950. 2. Looking to 🏚 buy or sell a home in Melbourne, FL 32904? Let's talk numbers! With a 2.87 Months-Supply of Inventory and a +48.7% increase over the past year, the market is showing signs of growth. The List to Sold Price percentage is 97.2%, with a median 🗓 days on market of 48 and a median Sold Price of $439,950. 3. Market Stats Alert: For buyers and sellers in Melbourne, FL 32904, here are the latest trends to consider. The current Months Supply of Inventory stands at 2.87, with a notable +48.7% 📈 increase over the last 12 months. The List to Sold Price percentage is 97.2%, with a median days on market of 48 and a median 💲 Sold Price of $439,950. 4. Attention all buyers and sellers in Melbourne, FL 🌴 32904! The market is heating ☀ up with a 2.87 Months Supply of Inventory and a significant +48.7% increase over the past year. With a List to Sold Price percentage of 97.2%, a median days on market of 48, and a median Sold Price of $439,950, now is the time to make your move. Connect with 🙋♀️ Cyndi Paulsen, REALTOR® at Real Estate Housewives for expert assistance in navigating these market trends. #MelbourneHomes #MarketInsights #RealEstateHousewives #REHW #RaisingTheBar #CommunityCoffeeCocktails #BrevardFl 🏡Cyndi Paulsen, Broker/Owner ☎O:321-376-1810 📲C:321-960-5280

𝐒𝐨𝐮𝐭𝐡𝐰𝐞𝐬𝐭 𝐅𝐥𝐨𝐫𝐢𝐝𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞: Closed sales for the 12 months ending May 31 were down 4% from the preceding 12 months. New listings, although posting a 16% increase over the same period, also posted one of the slowest paces in the past ten years. With new listings over the preceding 12 months posting a 10-year low, that 16% year-over-year increase helped bring inventory back to a level more in keeping with historical norms rather than moving the market into over-supply. As of May 31, there were 13,602 listings on the market, up from the still-low count of 7,627 posted one year prior, but down from April when 13,912 units were available. Months of supply was 6.88 as of May 31, down from April when 6.95 months was posted. The average selling price, at $815,827, posted a 2.7% increase from the preceding 12 months.   Although closed sales have slowed considerably compared to the pandemic-driven surge, and slowed somewhat compared to pre-pandemic norms, our market is in balance, and inventory levels are currently stable. Increased new listings have brought welcomed options for buyers; something sellers should keep top-of-mind when pricing their homes. And, especially with more available options, buyers should position themselves to quickly recognize well-priced listings so they can act while they are still available. Market conditions can vary greatly between neighborhoods, price segments, and product types. Whether a buyer or seller, making sense of such a market is one of many reasons enlisting the specialized skills and in-depth local knowledge of a Realtor® can prove an invaluable resource that will maintain a competitive advantage.   We are pleased to announce that through May, John R. Wood Christie’s International Real Estate continues to rank as the top brokerage in total year-to-date sales volume and transactions in Southwest Florida!* View the market report here: https://lnkd.in/gABVhrvX 𝐍𝐞𝐞𝐝 𝐬𝐨𝐦𝐞 𝐚𝐝𝐯𝐢𝐜𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭? 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞 𝐚𝐭: ☎ 239-776-2173 ✉ hvarsames@johnrwood.com 🌐 napleshousesandcondos.com Stay informed! Follow for my monthly market reports. #realestate #marketreport #heidivarsames #johnrwoodproperties #christiesinternationalrealestate

Check out the most recent edition of "Sales That Caught Our Attention".   The Melbourne Spring selling season is currently in full swing, with a noticeable rise in property listings. Historically, spring marks a peak period for real estate activity, and this year is no exception, with fresh listings increasing significantly.    While there is momentum building in the market, it remains to be seen if this will translate into upward price trends. The interaction between increased supply and buyer demand will be crucial in determining market direction. Buyers and sellers alike should carefully assess local market conditions, as outcomes may vary across different Melbourne suburbs. This Spring could shape to be a defining period for the Melbourne property market. As always, Maymont will continue to monitor trends closely and provide updates as the situation evolves. Jamie and the Maymont Team

Introducing our Market Report for Richmond Hill, May 2024! 🏠💼 Market Location: Richmond Hill Market Date: May 2024 Average Selling Price: $1,478,897, witnessing a slight decrease of 3% year over year. 💸 Sold Listings: A total of 175 properties were sold, marking a 40% decrease compared to last year. 📉 Average Days on Market remains steady at 19 days, highlighting a consistent pace in property turnovers. ⏳ New Listings saw an uptick to 595, showing a 19% increase year over year. This brings more options for our buyers! 🏡 Active Listings are at 791, with an impressive 88% increase year over year, suggesting a richer market for potential buyers. 📈 For detailed insights and personalized advice, feel free to reach out. Let's navigate this market together! 📞 Ramin Nickpor Phone: 416 -725-5664 #RichmondHillRealEstate #MarketInsight #HomeSelling #RealEstateTrends #PropertyMarket

Significant Market Shifts in Miami-Dade's 33143: Key Insights for Buyers and Sellers The real estate market in Miami-Dade County's prestigious 33143 zip code, including neighborhoods like Pinecrest, Coral Gables, and Dadeland, has experienced significant changes from May 2023 to May 2024. Staying informed is crucial for navigating this dynamic market. Key Trends: 1. Market Dynamics:Property values and demand have shifted, influenced by economic factors and evolving buyer preferences. 2. Buyer Considerations: Increased interest in luxury properties and unique market conditions are driving pricing trends. 3. Seller Strategies: Understanding market shifts helps position properties effectively to meet buyer expectations and maximize returns. Stay ahead in the Miami 33143 zipcode real estate market. Visit and learn more (https://lnkd.in/eT8cEx4m) for more insights and guidance.

Sales numbers are in for September and Rancho Santa Fe remains a destination for those seeking more than just a home—it's a lifestyle and value in luxury like nowhere else. While new listings and pending sales are on the rise, there is an expected lull during the lead up to a presidential election. Market Update - Key Takeaways 1. Rise in New Listings September saw a 23.5% increase in new listings compared to the previous year, climbing from 17 in 2023 to 21 in 2024. Year-to-date, the rise is even more significant, up by 13.3%. This increase gives buyers more options to explore. 2. Pending Sales are UP Pending sales surged by 125% compared to last September, moving from 8 to 18, demonstrating robust buyer activity. This is an encouraging sign for sellers, suggesting that despite economic uncertainties, well-priced homes in Rancho Santa Fe are still in high demand. 3. Stabilizing Closed Sales Closed sales increased slightly by 7.1%, from 14 to 15 year-over-year. However, year-to-date figures show a small decline of 7.2%. While the overall sales numbers remain stable, the slower year-over-year growth may indicate that the market is adjusting after a busy first half of the year. 4. Price Adjustments Median sales prices dropped by 6.2% year-over-year, bringing the median down to $5,100,000. Similarly, average sales prices decreased by 9.5%, falling to $5,551,500. This softening could reflect buyers being more cautious or sellers adjusting expectations as more inventory hits the market. Overall, September 2024's market in Rancho Santa Fe presents opportunities and challenges. While there is a surge in new listings and pending sales, price adjustments are creating opportunities for both buyers and sellers. Staying informed and working with an experienced real estate team are critical in navigating these market conditions. Linda Sansone & Associates Pacific Sotheby’s International Realty DRE 01219378 #marketupdate #ranchosantafe #salesdata #realestate #sothebysrealty #pacificsothebys

Last month, several housing markets in Connecticut, Westchester County, New York, and the Berkshires, Massachusetts saw notable sales improvements compared to the same month last year, a stark turnaround following a year of declining sales. In addition, greatly reduced inventory levels, a significant challenge to the market in recent years, demonstrated lower declines than usual or in some cases improvement versus this time in 2023. Click the link below to read the full blog on williampitt.com. REALTORS® | Selling CT to NYC William Pitt Sotheby's Int'l Realty Sotheby's International Realty C. 2126049432 | Follow @cjensenrealestate