Eighty-one percent of homeowners believe the value of their homes will rise over the next 5 years. Only 13 percent believe their home will fall in value. At least that’s how 2000 households reponded to a survey conducted by RT Strategies.

Just think back 10 years ago. If you bought a house then, would it be worth more or less today? Yeah, yeah, I know that 2006 was a poor year for real estate prices across the United States. However, just ask yourself a few questions….

Do you think the cost of lumber, concrete, and building materials will go down or up in the future?
Do you think the cost of labor will go down or up in the future?
Is more and more land becoming available, or less and less?

See how silly it is to think that housing costs will continue to drop? Just use your common sense. Beware of talking heads that predict doom and gloom for the future of the housing market.

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Bradenton Real Estate

Our purpose is to help you achieve wealth and abundance through real estate investing.

We focus on 5 areas:
? Information: What’s going on in our real estate market?
? Motivation: How can you develop the mindset needed to achieve success?
? Education: What do you need to know to achieve your goals?
? Training: How do you apply what you learn?
? Networking: Who can help you? What can we learn from each other?

The BREC is a network of people with an interest in owning, buying, and selling real estate and/or working with those who do. This is a membership based club. Guests are welcome to attend two meetings before making a joining decision.

Is this club for you?
Do you have an interest in any of the following?
* Manatee County real estate market conditions and trends
* Learning how to become a successful real estate investor
* Investing in real estate in Bradenton , Palmetto, Ellenton, or Sarasota
* Homes for sale in Bradenton , Palmetto, Ellenton, or Sarasota
* Buying a home in Bradenton , Palmetto, Ellenton, or Sarasota
* Landlording and Rentals
* Providing services to buyers, sellers, investors, or landlords.
* Providing services to homeowners in Bradenton , Palmetto, Ellenton, or Sarasota .
* Developing your network of Realtors, lenders, title companies, and other real estate related businesses.

Come join us. For directions and more info go to: http://www.BradentonRealEstateClub.com/

Hosted by Premier Team Inc., REALTORS® .
http://BradentonRealEstate.com
Licensed Real Estate Broker for State of Florida

(membership is not available for real estate licensees)

I’m Dan Forbes and I want to be your Realtor and resource for all your Bradenton real estate needs.

Home prices are declining year over year for the first time in the last 10 years, according to data from online real estate information site Zillow.com

Zillow.com estimates that in the fourth quarter of 2006, prices declined nationwide by 0.48 percent compared with the fourth quarter of last year. Zillow.com measured home value changes in 75 metro areas. Here are some of the site’s findings.

Five metropolitan areas where prices have increased the most in the last year:
1. Lakeland-Winter Haven, Fla.: 25.88 percent
2. Yuma, Ariz.: 25.66 percent
3. Myrtle Beach, S.C.: 21.24 percent
4. Flagstaff, Ariz.: 19.02 percent
5. Ocala, Fla.: 17.56 percent

Five metropolitan areas where prices have fallen the most in the last year:
1. Panama City, Fla.: -11.84 percent
2. San Luis Obispo-Atascadero-Paso Robles, Calif.: -11.35 percent
3. Punta Gorda, Fla.: -9.23 percent
4. Sarasota-Bradenton, Fla.: -8.99
5. Greenville-Spartanburg-Anderson, S.C.: -8.73

Premier Team’s
Market Conditions Report Summary – Jan 07
(from our study of the Gulf Coast Regional Multiple Listing Service)

Statistics for Single Family Homes:
Total Single Family Home Listings: 4358 - Up 49% over last year. Up 6.3% from last month!

Total Solds: 115 - Down 38% year to year . 97.4% of homes for sale DID NOT SELL in January.

Median Sales Price: $279,000 – Down 11.7% from last year and down 20.2% from 2005 high

Absorption Rate: 10.3 months. This is how long it would take to sell all of today’s listings at the rate homes are selling and if no other homes were listed.

Average Days on Market: 100 - Up 96% over last year

Statistics for Condos:
Total Condo Listings: 2148 – Up 88.1% over last year.

Total Solds: 33 – Down 46% year to year

Median Sales Price: $235,000 –

Absorption Rate: 13.7 months – A slight decrease.

Average Days on Market: 101 – Up 98%

Summary: Our Market is STABILIZING (we hope)!
The signs of market stabilization are wishy washy. What has been evident for the rest of the state is struggling to take hold here in the Manatee – Sarasota market. Last month’s decrease in total inventory was strong reversed with a 6.3% increase in the number of homes for sale. One postive sign is that the absorption rate (supply and demand) dropped from an 11 month supply of listings to a 10.3 month supply. That happened because of the strong increase in pending sales (a positive sign).

97.4 % of the homes for sale DID NOT SELL in January. If you are serious about selling you MUST price your home competitively!!

The condo market had a slight improvement in the absorption rate and the number of pending sales was up. However, total inventory continued to rise. There no signs of stabilization yet in the condo market.

Prices may at best remain flat in the coming months, perhaps through 2008. 2009 should bring price gains as population growth continues in the Bradenton – Sarasota area.
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Bradenton Real Estate