Port St Lucie, FL 34953 MARKET REPORT Week Ending Feb 24, 2012 2012 Market Trends (edit/delete)

By
Real Estate Agent with Keller Williams Advantage III Realty in Lake Nona BK3059813
https://activerain.com/droplet/tXD

For a personal tour of this wonderful neighborhood here in Port St Lucie, FL please call Kevin B Tolbert, PA today, and to see current listings, please CLICK Port St Lucie, FL.

And if you need to sell your home in Port St Lucie, FL, please www.SearchforSouthFloridaHome.Com is the only website you need to remember. We specialize in short sales and preventing foreclosure of your home, and if you qualify we can even get you cash back from your lender for relocation assistance at closing.

This has been our market for the first 2 months of 2012.

The most interesting item is our absorbsion rate was coming down very nicely while the foreclosures were in limbo over the robo signing investigations, however, take note of the number of listings added in January alone since the banks decided to start selling their foreclosures once again.

The most interesting statistic to be pointed out in this report is in the LISTING to SELL PRICE chart.

When the average listing price is below 100K in Port St Lucie, the average SELLING PRICE is almost 15% higher. 

That is because our investors are grabbing all of our homes below 100K once again and these are all ending up in bidding wars once again.

And if history repeats itself, this is exactly what happened in 2004 when our prices rose so fast and furious, that millions of dollars were made in the flipping flenzy that followed for more than 2 years.

All the signs are here folks.  WE ARE BACK IN THE REAL ESTATE BUSINESS in Port St Lucie, FL.

If you would like to refer your investors, or are looking to buy, sell, or invest, NOW IS THE TIME to call me today!

And check out this report from Active Rain on predicted trends: http://actvra.in/tJy

 

Jan-12Feb-12
# Months Inventory 5.71 11.64
# Active Listings 445 489
# Sold Listings 78 42
Absorption Rate 78 42

 

 

Posted by

The Florida Tolbert Team, a division of Kevin B Tolbert Real Estate Network

Kevin B Tolbert PA

Keller Williams Advantage III Realty

Keller Williams Land Division

Million Dollar Guild Award Certified Luxury Home Marketing Specialist

Certified International Property Specialist

Certified Distress Property Expert

BOLD Graduate X 13 Listing Specialist

9161 Narcoosee Rd, Suite 107

Orlando, FL 32827

Direct:  772-834-0099

Email:  kevinbtolbert@kw.com

To see all our local listings please goto www.SearchforSouthFloridaHome.Com for South Florida and go to www.searchforcentralfloridahome.com for central Florida.

To see all my blogs, please goto www.kevinbtolbertpa.com

 

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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
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Our inventory is super low and we are only 3K units away from 2004 levels so I am hoping that can push the prices up - like is happening in your area!

Feb 24, 2012 11:57 PM #1
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Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
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We are starting to love this once again.  Let's just hope that it is a more controlled and sane frenzy than the last cycle.

Feb 25, 2012 11:09 AM #2
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Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
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Rising prices, falling interest rates, shrinking inventory.  You are about to miss your buyer opportunity if you don't call me now.  www.searchforsouthfloridahome.com 

Feb 25, 2012 11:50 AM #3
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