Finding the silver lining in the (that seems to be following us around)

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Presentation transcript:

Finding the silver lining in the (that seems to be following us around)

PRO - © 2011 Frank Gregoire2 PREPARED FOR:

PRO - © 2011 Frank Gregoire3

4

5 How dark is the cloud?

PRO - © 2011 Frank Gregoire6  Interest rates?  Financing?  Alternatives?

PRO - © 2011 Frank Gregoire7  Sellers – Listings?  Buyers?

PRO - © 2011 Frank Gregoire8 Where is the SILVER LINING?

PRO - © 2011 Frank Gregoire9  1536 Listings  40% Short Sale or REO (622)  Short Sale – 359  23% of total listings  58% of distressed listings  REO – 263  17% of total listings  42% of distressed listings January, 2011 *My Florida Regional Multiple Listing Service-Detached Single Family

PRO - © 2011 Frank Gregoire10  1144 Listings (25% less)  41% Short Sale or REO (473 – 24% less)  Short Sale – 340 (5% less)  30% of total listings  72% of distressed listings  REO – 133 (49% less)  11% of total listings  28% of distressed listings August, 2011 *My Florida Regional Multiple Listing Service-Detached Single Family

PRO - © 2011 Frank Gregoire11  86 Listings  Median List Price - $159,400  Median Time on Market – 120 Days  27 Sales  Median Sales Price - $124,900  Median Marketing Time – 47 days  Absorption Rate – 4.5/month  19 month supply  86 Listings  Median List Price - $159,400  Median Time on Market – 120 Days  27 Sales  Median Sales Price - $124,900  Median Marketing Time – 47 days  Absorption Rate – 4.5/month  19 month supply Holiday Park/Sheryl Manor 9/2010 – 3/2011 *My Florida Regional Multiple Listing Service-Detached Single Family

PRO - © 2011 Frank Gregoire12  54 Listings  Median List Price - $158,500  Median Time on Market – 106 Days  26 Sales  Median Sales Price - $135,000  Median Marketing Time – 31 days  Absorption Rate – 8.7/month  6 month supply  54 Listings  Median List Price - $158,500  Median Time on Market – 106 Days  26 Sales  Median Sales Price - $135,000  Median Marketing Time – 31 days  Absorption Rate – 8.7/month  6 month supply Holiday Park/Sheryl Manor 3/2011 – 6/2011 *My Florida Regional Multiple Listing Service-Detached Single Family

PRO - © 2011 Frank Gregoire13  37 Listings (down 38% from previous quarter)  Median List Price - $150,000 (down 5% from previous quarter)  Median Time on Market – 92 Days  37 Listings (down 38% from previous quarter)  Median List Price - $150,000 (down 5% from previous quarter)  Median Time on Market – 92 Days Holiday Park/Sheryl Manor 6/2011 – 9/2011 *My Florida Regional Multiple Listing Service-Detached Single Family

PRO - © 2011 Frank Gregoire14  16 Sales  Median Sales Price - $141,700  Up 5% from previous quarter  Up 13% from start of year  Median Marketing Time – 34 days  Absorption Rate – 5.3/month  7 month supply  16 Sales  Median Sales Price - $141,700  Up 5% from previous quarter  Up 13% from start of year  Median Marketing Time – 34 days  Absorption Rate – 5.3/month  7 month supply Holiday Park/Sheryl Manor 6/2011 – 9/2011 *My Florida Regional Multiple Listing Service-Detached Single Family

PRO - © 2011 Frank Gregoire15 VALUEVALUE  the quantity of one thing which can be obtained in exchange for another  a fair return or equivalent in goods, services, or money for something exchanged  the monetary worth of some good, asset or service (YOU!)

PRO - © 2011 Frank Gregoire16 Make the Future

PRO - © 2011 Frank Gregoire17 Francois K. Gregoire, IFA RAA State Certified Residential Real Estate Appraiser #142 Gregoire & Gregoire, Inc. Realtor - Appraiser Francois K. Gregoire, IFA RAA State Certified Residential Real Estate Appraiser #142 Gregoire & Gregoire, Inc. Realtor - Appraiser