Wednesday, February 8, 2023 / by Jodi Ketchersid
Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years
The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.
According to the latest Monthly Housing Market Trends Report from realtor.com:
“There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were ...
Wednesday, April 7, 2021 / by Jodi Ketchersid
Should I Consider Selling My Short-Term Rental Property?
The travel industry has changed significantly over the past decade. With the popularity of vacation rentals advertised by such sites as Airbnb, VRBO, and Home Away, travelers have more options than ever for lodging during their vacation. Unfortunately, 2020 has seen a serious decline in travel due to the COVID-19 crisis and many owners of these short-term rental properties are wondering what to do.
If you have a short-term rental property, you might be wondering if this is the right time to sell. Here are a few considerations as you weigh your options:
Long-Term Goals – While travel is down significantly right now, this slump won’t last forever. If this property is part of your overall investment portfolio which makes sense for the long run, consider other strategies to keep the rental. If you have a mortgage, speak to your lender about payment options during this time.
Housing Inventory and Local Home Prices ; ...
Saturday, March 6, 2021 / by Jodi Ketchersid
I was fortunate to represent the buyers on this incredible gulf front home. This home was off market when we began our search. Johnathon Spears of Scenic Sotheby's represented the sellers and together we were able to make this happen. This home is truly special, concrete construction and every detail was thought out from the inside out. I have lived on the Emerald Coast for a few decades now and I have seen some incredible homes, but what stood out for me this time was this location. While this home is outstanding - the way this home is positioned, it is like you are stepping back in time a bit. It feels secluded yet directly on the beach. With native vegetation along the walkover to private beach front access this is just a unique property. I can't wait for the new owners to put their touch on this piece of paradise - the journey for them has just begun. I see some incredible sunsets in their future.
David Warren Photography ...
Friday, May 20, 2016 / by Jodi Ketchersid
ORLANDO, Fla. – May 20, 2016 – Florida's housing market reported increased new listings, rising median prices, fewer days to a contract and fewer cash closed sales in April, according to the latest housing data released by Florida Realtors®. With inventory still constrained, statewide closed sales eased last month: Single-family home sales totaled 24,144, remaining relatively the same (down 0.6 percent) as April 2015.
"Still-low mortgage interest rates and a strong jobs outlook are positive trends for Florida's housing market," says 2016 Florida Realtors®President Matey H. Veissi, broker and co-owner of Veissi & Associates in Miami."We're also seeing a rising number of new listings added to the market, which is a trend that needs to continue as many areas still face a shortage of supply, particularly for single-family homes. New listings for existing single-family homes rose 3.1 percent compared to a year ago while new listings for townhouse-condo proper; ...
Friday, November 6, 2015 / by Jodi Ketchersid
The latest real estate report for September 2015 includes statistics for single family homes in Walton County, Florida. Closed sales were up 4.4% for September compared to the same month last year. Cash sales were down 7%. One highlight is that there were no short sales for the first time in many years.
From the report - Months Supply of Inventory is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 Months of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market.
Months Supply of Inventory for Walton County has been trending down consistently every month for quite awhile and hit 7.8 months for September 2015 (down 21% over same month last year) - getting ever closer to the balanced mark of 5.5.
The latest residential real estate report for September 2015 in Walton County summarizes sales and listing statistics of sin. ...