Finding the silver lining in the (that seems to be following us around)
17
Finding the silver Finding the silver lining in the lining in the (that seems to be following us (that seems to be following us around) around)
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Transcript of Finding the silver lining in the (that seems to be following us around)
Finding the silver lining Finding the silver lining in thein the
Finding the silver lining Finding the silver lining in thein the
(that seems to be following us around)(that seems to be following us around)(that seems to be following us around)(that seems to be following us around)
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 22
PREPARED FOR:PREPARED FOR:
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 33
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 44
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 55
How dark is the cloud?How dark is the cloud?How dark is the cloud?How dark is the cloud?
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 66
Interest rates?Interest rates? Financing?Financing? Alternatives?Alternatives?
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 77
Sellers – Listings?Sellers – Listings? Buyers?Buyers?
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 88
Where is the SILVER Where is the SILVER LINING?LINING?
Where is the SILVER Where is the SILVER LINING?LINING?
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 99
1536 Listings1536 Listings 40% Short Sale or REO (622)40% Short Sale or REO (622)
Short Sale – 359Short Sale – 359 23% of total listings23% of total listings 58% of distressed listings58% of distressed listings
REO – 263REO – 263 17% of total listings17% of total listings 42% of distressed listings42% of distressed listings
January, 2011January, 2011January, 2011January, 2011
*My Florida Regional Multiple Listing Service-Detached Single Family
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1010
1144 Listings (25% less)1144 Listings (25% less) 41% Short Sale or REO (473 – 24% 41% Short Sale or REO (473 – 24%
less)less) Short Sale – 340 (5% less)Short Sale – 340 (5% less)
30% of total listings30% of total listings 72% of distressed listings72% of distressed listings
REO – 133 (49% less)REO – 133 (49% less) 11% of total listings11% of total listings 28% of distressed listings28% of distressed listings
August, 2011August, 2011August, 2011August, 2011
*My Florida Regional Multiple Listing Service-Detached Single Family
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1111
86 Listings86 Listings Median List Price - $159,400Median List Price - $159,400 Median Time on Market – 120 DaysMedian Time on Market – 120 Days
27 Sales27 Sales Median Sales Price - $124,900Median Sales Price - $124,900 Median Marketing Time – 47 daysMedian Marketing Time – 47 days Absorption Rate – 4.5/monthAbsorption Rate – 4.5/month 19 month supply19 month supply
86 Listings86 Listings Median List Price - $159,400Median List Price - $159,400 Median Time on Market – 120 DaysMedian Time on Market – 120 Days
27 Sales27 Sales Median Sales Price - $124,900Median Sales Price - $124,900 Median Marketing Time – 47 daysMedian Marketing Time – 47 days Absorption Rate – 4.5/monthAbsorption Rate – 4.5/month 19 month supply19 month supply
Holiday Park/Sheryl Holiday Park/Sheryl Manor 9/2010 – 3/2011Manor 9/2010 – 3/2011Holiday Park/Sheryl Holiday Park/Sheryl
Manor 9/2010 – 3/2011Manor 9/2010 – 3/2011
*My Florida Regional Multiple Listing Service-Detached Single Family
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1212
54 Listings54 Listings Median List Price - $158,500Median List Price - $158,500 Median Time on Market – 106 DaysMedian Time on Market – 106 Days
26 Sales26 Sales Median Sales Price - $135,000Median Sales Price - $135,000 Median Marketing Time – 31 daysMedian Marketing Time – 31 days Absorption Rate – 8.7/monthAbsorption Rate – 8.7/month 6 month supply6 month supply
54 Listings54 Listings Median List Price - $158,500Median List Price - $158,500 Median Time on Market – 106 DaysMedian Time on Market – 106 Days
26 Sales26 Sales Median Sales Price - $135,000Median Sales Price - $135,000 Median Marketing Time – 31 daysMedian Marketing Time – 31 days Absorption Rate – 8.7/monthAbsorption Rate – 8.7/month 6 month supply6 month supply
Holiday Park/Sheryl Holiday Park/Sheryl Manor 3/2011 – 6/2011Manor 3/2011 – 6/2011Holiday Park/Sheryl Holiday Park/Sheryl
Manor 3/2011 – 6/2011Manor 3/2011 – 6/2011
*My Florida Regional Multiple Listing Service-Detached Single Family
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1313
37 Listings (down 38% from 37 Listings (down 38% from previous quarter)previous quarter) Median List Price - $150,000 Median List Price - $150,000
(down 5% from previous (down 5% from previous quarter)quarter)
Median Time on Market – 92 Median Time on Market – 92 DaysDays
37 Listings (down 38% from 37 Listings (down 38% from previous quarter)previous quarter) Median List Price - $150,000 Median List Price - $150,000
(down 5% from previous (down 5% from previous quarter)quarter)
Median Time on Market – 92 Median Time on Market – 92 DaysDays
Holiday Park/Sheryl Holiday Park/Sheryl Manor 6/2011 – 9/2011Manor 6/2011 – 9/2011Holiday Park/Sheryl Holiday Park/Sheryl
Manor 6/2011 – 9/2011Manor 6/2011 – 9/2011
*My Florida Regional Multiple Listing Service-Detached Single Family
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1414
16 Sales16 Sales Median Sales Price - $141,700Median Sales Price - $141,700
Up 5% from previous quarterUp 5% from previous quarter Up 13% from start of yearUp 13% from start of year
Median Marketing Time – 34 daysMedian Marketing Time – 34 days Absorption Rate – 5.3/monthAbsorption Rate – 5.3/month 7 month supply7 month supply
16 Sales16 Sales Median Sales Price - $141,700Median Sales Price - $141,700
Up 5% from previous quarterUp 5% from previous quarter Up 13% from start of yearUp 13% from start of year
Median Marketing Time – 34 daysMedian Marketing Time – 34 days Absorption Rate – 5.3/monthAbsorption Rate – 5.3/month 7 month supply7 month supply
Holiday Park/Sheryl Holiday Park/Sheryl Manor 6/2011 – 9/2011Manor 6/2011 – 9/2011Holiday Park/Sheryl Holiday Park/Sheryl
Manor 6/2011 – 9/2011Manor 6/2011 – 9/2011
*My Florida Regional Multiple Listing Service-Detached Single Family
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1515
VALUEVALUEVALUEVALUE
the quantity of one thing which can be the quantity of one thing which can be obtained in exchange for anotherobtained in exchange for another
a fair return or equivalent in goods, services, a fair return or equivalent in goods, services, or money for something exchanged or money for something exchanged
the monetary worth of some good, asset or the monetary worth of some good, asset or service (YOU!)service (YOU!)
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1616
Make the FutureMake the FutureMake the FutureMake the Future
PRO - © 2011 Frank GregoirePRO - © 2011 Frank Gregoire 1717
Francois K. Gregoire, IFA RAAFrancois K. Gregoire, IFA RAAState Certified Residential Real Estate State Certified Residential Real Estate
Appraiser #142Appraiser #142
Gregoire & Gregoire, Inc.Gregoire & Gregoire, Inc.Realtor - AppraiserRealtor - Appraiser
727-344-3393727-344-3393
[email protected]@tampabay.rr.com
Francois K. Gregoire, IFA RAAFrancois K. Gregoire, IFA RAAState Certified Residential Real Estate State Certified Residential Real Estate
Appraiser #142Appraiser #142
Gregoire & Gregoire, Inc.Gregoire & Gregoire, Inc.Realtor - AppraiserRealtor - Appraiser
727-344-3393727-344-3393
[email protected]@tampabay.rr.com
