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July 1, 2010
Proof that all real estate is local was greatly in evidence last week when newly-released national home sale statistics for the month of May were juxtaposed against similar results for Southwest Florida. Nationally, new home sales plunged 33% from April; and existing home sales dropped by a worse-than-expected 2%. But just as Wall Street was worrying that the nation's housing recovery had taken a giant step backward in May, the local media in Southwest Florida was reporting a giant leap forward here at home.
We are very pleased to report that May sales locally were better than good. They were outstanding. Or as the Sarasota Herald-Tribune said in reporting the news: "More than 1,000 single-family homes changed hands for the second month in a row, a pace not matched since the boom year of 2005. Sales have not declined in the market since June 2009."
Here at Michael Saunders & Company our agents performed even better than the market. Dollar volume was up 89 percent versus last May; and unit sales were up 72 percent.
The lesson in all this? You can never assume that what's happening in one market is automatically the case elsewhere.
Proof that all real estate is local was greatly in evidence last week when newly-released national home sale statistics for the month of May were juxtaposed against similar results for Southwest Florida. Nationally, new home sales plunged 33% from April; and existing home sales dropped by a worse-than-expected 2%. But just as Wall Street was worrying that the nation's housing recovery had taken a giant step backward in May, the local media in Southwest Florida was reporting a giant leap forward here at home.
We are very pleased to report that May sales locally were better than good. They were outstanding. Or as the Sarasota Herald-Tribune said in reporting the news: "More than 1,000 single-family homes changed hands for the second month in a row, a pace not matched since the boom year of 2005. Sales have not declined in the market since June 2009."
Here at Michael Saunders & Company our agents performed even better than the market. Dollar volume was up 89 percent versus last May; and unit sales were up 72 percent.
The lesson in all this? You can never assume that what's happening in one market is automatically the case elsewhere.
uy!
Jane E. Rees
Luxury Homes For Discerning Clients
Michael Saunders & Company, Licensed Real Estate Broker
Bus: (941) 586-3970 | Fax: (941) 918 9392
Office: 8660 South Tamiami Trail Sarasota FL 34238
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