Bonnie's Blog: Hollywood News and Market Info.

Hey Everyone!!! Long time, not talk!!  Sorry about that.. I've been very busy with buyers, sellers and even developers...   I wanted to take a few minutes to give you a real overview of the market based on TrendGraphix the local MLS has provided for MARCH of 2008...

In zip codes 33021 and 33312 which runs from Pembroke Rd to Griffin Rd, from 441 to I-95 in all price ranges for SINGLE FAMILY ONLY (no condo's townhomes or villa's) there are:

ALL PRICEPOINTS---

769 Homes for sale   769!!!!!   And keep in mind the AVERAGE buyer who wants to live in Hollywood will explore all the options open to them, including homes for sale near Memorial Hospital and compare them to Homes for Sale near Griffin Rd in newer communities with manned gates such as Oakridgeand Mapleridge.   So you have a lot of competition if you want to sell.   But chin up!!! homes ARE selling...Of those 769 homes for sale.... 39 sold and 18 went under contract.   And based on Closed sales there are over 3 years worth of inventory on the market.

Average ASKING PRICE is $344,000

Average Sold price is $265,000

Average Days on Market is 119

Average Price per square foot sold is $167.00

$500,000 - $999,999 Pricepoint:

To update those of you in a higher priced bracket, of those 769 homes for sale in March of 2008, 71 of them were priced between $500,000 and $999,999.   71 is still a very big number of homes to compete with if you want to move.  You must be priced right to get the traffic in to even get an offer...!!!

Of those 71 higher priced homes for sale in March, only 1 closed and only 1 went under contract. 

Average price per sq foot sold was $175.00 down from $233.00 in February, and $246.00 per sq foot in January. 

Average SOLD price of homes for sale between $500,000 - $999,999 was only $500,000, but my listing was the only one to sell in that bracket in March for $500,000.

TrendGraphix indicates that based on only 1 sale in March, and 1 sale in February in this price range, there are 71 months worth of inventory!!!  ALMOST 6 years of inventory in the higher priced tier.   

I give you all of this data merely to point out how very important price is to getting your home sold.  You MUST be priced at or below market value to get seen.  And your home MUST be in tip top shape or you will start to get offers that are up to $100,000 lower than asking as buyers try to calculate costs to repair/remodel.  

Many of you out there may not want to sell for what you must sell for to actually move.  Many of you may want to consider Staying.  But if you want to go, you need to do what it takes and that is price your home right, and make it the prettiest home you can within your means.   Hey.. maybe I need to post a list of inexpensive ways to stage your home!!!   

Happy Friday!!! and great weekend to al!!

OPEN HOUSES THIS WEEKEND:

5800 SW 36th Terrace   A fabulous 3 bedroom, 2 bath on a 14,000 square foot lot!!  Renovated and updated with all the bells and whistles...  Open from 2:30 - 5!!

20705 NE 9th Ct - North Miami Beach - Aventura Area - 5 bedroom, 3 bath corner lot with a pool, hurricane shutters and more.   Open 3-5!!

Hope to see you there!

For info on Homes in South Florida, please contact me at bonnie@BonnieKaufman.com or check out our websites at:

www.HomesInHollywoodFlorida.com

www.HousesInEmeraldHills.com

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