Leugers Group - Brokered by eXp Realty

Our Purpose:

"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."

Tuesday, January 20, 2015

What Are We Expecting in the Real Estate Market in 2015?

There are many great Gulf Coast Area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (239) 398-3131 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Florida Guld Coast Real Estate Agent
Thanks again for joining us. Today we want to share with you a quick market update on what we saw in December. Our year-end market update is coming soon, but today we want to share with you what we saw specifically in December and how that will affect us in the coming year.

First, let's look at the year-over-year percentage changes in price. This measures how prices have changed over the year. Florida prices are up by an average of 7.9%, while home prices in Southwest Florida are up 10%.

Here's what else is going on:
  • Pending home sales are above the historically healthy level, both locally and nationally. 
  • Existing home sales are trending in an upward direction, and have been since April.
  • Our inventory has been steady around 5 months, but is a lot higher or a lot lower depending on the area you are looking in.
So, what can you expect in 2015, in terms of real estate? For the most accurate answer, we checked with 100 of the top economists, real estate experts, and investment strategists. Based on what these people are saying, we should see home appreciation at around 3.8% this year, and to hover around 3% going forward. If you were to add the predicted home appreciation up for the next 5 years, it's predicted that your home's value should increase by 23% by 2019.

If you happen to have any questions for us, make sure to give us a call or send us an email. We would be more than happy to help!