April 2014 RAMC Leadership Academy Visits Tallahassee for GARD digest Great American REALTOR Day (GARD) is presented every year during Florida s Legislative session in Tallahassee. REALTORS visit the Capitol to meet with legislators and discuss pending real estate legislation. This year GARD was on March 19th. Florida REALTORS continues to advocate for issues that affect homeownership and businesses across the state. A delegation from the Realtor Association of Martin County went to Tallahassee to learn first hand about this year s priorities and key issues that concern all Floridians. A publication for and about our members Pictured in front (from left) are Christine Hansen (FR Secretary), Katey Bourgeois, Maria Wells (FR Treasurer), Kathy Murphy, Carolyn Knight, Matey Veissi (FR Vice President), Sherri Westervelt and Tom Baker. In back are Dennis Fadden, John Gonzalez, Nicky Wingfield, Julia Sansevere, Cheryl Gaydos, Sherri Meadows (FR President) and Andrew Barbar (FR President elect). 2014 Fun Day of Golf Please join us for our 2014 Fun Day of Golf, scheduled for Thursday, May 22 at Martin Downs Golf and Country Club! After a 1 year hiatus the event is back and better than ever! We're looking for golfers, foursomes, and especially sponsors to help RAMC put on a great event and raise money for Habitat for Humanity of Martin County. This year's event will be 100% for charity, and all proceeds will benefit Habitat. Please download and return a Golfer or Sponsor form below to RAMC as soon as possible. See you on the course! Golfer Signup Form Sponsor Signup Form
REALTOR ASSOCIATION OF MARTIN COUNTY 43 SW Monterey Road Stuart, Florida 34994 Phone (772) 283 1748 Fax (772) 288 0215 info@ramcfl.org www.ramcfl.org OFFICERS President JENNIFER ATKISSON LOVETT, CRS, GRI jenniferalovett@gmail.com President Elect DENNIS FADDEN, CRS, GRI, SRES, SFR dennis.fadden@floridamoves.com Vice President BILL DEAN bdean@irprealty.com Secretary Treasurer CHRISTY BEARSE, CPA christy@florida homefinders.com DIRECTORS TOM BAKER tombaker@keyes.com RICK BOSCHEN flrickb2@yahoo.com DAN BRADY, CCIM, CRB dan@waterpointerealty.com DIANA BRUTON, AHWD,CRB,LTG,PMN stuartrealtor@gmail.com ANN BUSBEE, CRS, GRI, LTG bzbees@bellsouth.net BOB CASTELLANO, GRI bob@premierrealtygroup.com JEFF CLARK, CRS jcsellsfl@aol.com JOAN ROGERS joannmb@gmail.com STAFF JOY LANE Executive Vice President joy@ramcfl.org MARISA MOLEIRO MLS Director MLS, Marketing, Newsletter, Email marisa@ramcfl.org RENEE JORDAN Membership & Education Director Education, Sponsorship, Membership renee@ramcfl.org VICKI HOUTRIDES Accounting & Government Affairs Vicki@ramcfl.org Advertise in RAMC Digest! Contact Marisa for information on advertising at marisa@ramcfl.org Deadline for the May edition is April 21st. Verify your CE Credits with DBPR It is very important to keep all your continuing education letters to validate your coursework. These letters will tell you the course names and how many credits you received. If the credits did not get transmitted successfully to DBPR, then you will be able to use the letters to verify your attendance. For questions, please call the Customer Contact Center at 850.487.1395 Monday Friday, 8 a.m. 6 p.m. and Saturday 10 a.m. 2 p.m. EST. >> Click here to Verify CE Credits at DBPR Online >> Click here for Florida Realtors Education Contacts For more information about Florida Licensing requirements, you can visit the Florida Realtors website by clicking here Important Phone Numbers and Web Sites National Association of REALTORS 888 874 6500 Florida Association of REALTORS 407 438 1400 Florida Legal Hotline 407 438 1409 Free advice from an Attorney for members of Florida Realtors! Florida Tech Helpline 407 587 1450 (M F 9am 8pm / Sat 9am 5pm) Free expert assistance and support for all your technical needs. DBPR 850 487 1395 www.myfloridalicense.com/dbpr (FL Dept. of Business and Professional Regulation) Check your CE credits and license renewal information at: www.myfloridalicense.com MLS Technical Help Desk & GoMLS Help 888 825 5472 M F 8:30am 8:30pm / S S 8:30am 3pm Form Simplicity 407 587 1450 IMAPP 888 462 7701 IMPREV Marketing Center 800 809 3356 ListHub Support 877 847 3394 (press 2) ListingBook 866 353 3456 RatePlug 877 710 0808 RealBiz 360 888 732 5249 (press 2) Realtor.com 800 878 4166 RPR (24 7 Support) 877 977 7576 ShowingTime 800 379 0057 Supra 877 699 6787 Page 2
New REALTOR Members Karin Ahrenholz Martin Barnes Nina Blum Desiree Bonnie Kate Bradford Abbie Brockway Diane Busch Kim Carthen Chris DiBari Erika Dietzel Harry Findon Vincent Franco Sharon Hoffman Barbara Holt Nadia Jurca Yolaine Lozada Donald MacIntosh Danielle Miller Marc Offit Janice Palmer Lynn Rubin Arleen Timmous Helene Treat Hurrle Chrisoula Troukis Willoughby Realty, Inc. Keller Williams of Greater Martin Co Keller Williams of Greater Martin Co Drew Pittman Realty BHG Real Estate Laviano & Assoc. Belanger & Belanger Main St. Realty Keyes Co. C21/Carthen Realty BHG Real Estate Laviano & Assoc. Home Buyers Marketing II Nettles Coastal Realty Keyes Co. Keyes Co. Dale Sorenson RE Downtown Sierra Advisors Florida, LLC Berkshire Hathaway HomeServices Sailfish Realty of Florida, LLC BHG Real Estate Laviano & Assoc. Sierra Advisors Florida, LLC Illustrated Properties/Sewall s Pt Keller Williams of Greater Martin Co Coldwell Banker Real Estate Keyes Co. New MLS-Only Members Kelly Decowski REALTOR Transfers Robert Aubry Jake Bailey Donald Cole Leandra Dakshaw Terri Futch Richard Gittings Patricia Good Richard Grady Stephanie Lanman Fina Musso Deborah Rifenbury Laura Vinci Stanley Wunner New REALTOR Offices Keller Williams of Greater Martin Co Keller Williams of Greater Martin Co Real Estate of Florida Stuart Dale Sorensen Real Estate Wm Mike Lowry Realty Real Estate of Florida Stuart Water Pointe Realty Group Richard Daniel Gittings, Lic RE Broker Real Estate of Florida Stuart Coldwell Banker Real Estate The Real Estate Co Treasure Coast Sierra Advisors Florida, LLC Real Estate of Florida Stuart #1029 Richard Daniel Gittings, Lic. RE Broker 10675 SW Greenridge Lane Palm City, FL 34990 (772) 201 5690 DR: Richard Gittings Keller Williams of Greater Martin Co Berkshire Hathaway HomeServices #1031 Sierra Advisors Florida, LLC 116 N Village Way Jupiter, FL 33458 888 656 7744 DR: Marc Offit #1032 C21/Carthen Realty 2471 Aloma Ave Winter Park, FL 32792 (407) 657 5144 DR: Kim Carthen New Business Partner Members Mike Driscoll Nina Ferraro Roy Hamlin Margaret Hart Kurt Lewis Cabot Lord Steve Moschiano Roger Myers Marinda Ranieri Eddie Rice Robert Sak Michelle Wynne Membership All Secure Homewatch Service Ferraro Law Group Terminix Paradise Homes Group Handyman Matters of S. Florida Stuart Insurance Terminix All Secure Homewatch Service Embrace Home Loans Embrace Home Loans Home Inspection Service Fiorella Insurance Agency New Business Partner Companies Embrace Home Loans 319 Clematis St West Palm Beach, FL 33401 800 333 3004 PC: Eddie Rice Fiorella Insurance Agency 515 SE Central Pkwy Stuart, FL 34994 (772) 283 0003 PC: Michelle Wynne Terminix 590 NW Peacock Blvd. Port St. Lucie, FL 34986 (772) 340 0055 PC: Roy Hamlin Ferraro Law Group 3601 SE Ocean Blvd. Stuart, FL 34996 (772) 221 0600 PC: Nina Ferraro All Secure Homewatch Service PO Box 1999 Stuart, FL 34995 (772) 692 5710 PC: Roger Myers Home Inspection Service 5101 Deer Run Drive Ft. Pierce, FL 34951 (772) 466 9040 PC: Robert Sak Page 3
A Message from the Business Development Board We are pleased to announce that Martin County's premier sites & buildings and demographic web tool is NOW AVAILABLE VIA MOBILE APP and TABLET! This new app contains all the features of the website optimized for small touch screen devices. On the road and need one-touch commercial and industrial sites & buildings or demographic information Check out www.martincountyprospector.com today! MLS Advantage Has Been Upgraded! What is MLS Advantage? You may ask... If you haven't already used this system, you will want to at the very least check it out. As a member of the RAMC MLS, you have access to this tool for free! MLS Advantage allows participating boards & members to share available MLS listings across the state of Florida. With a single search, members can find all listings that match their search parameters from participating MLS boards. As of this month, the Emerald Coast Association of Realtors is the most recent Association to join the MLS Advantage roster, making MLS Advantage a comprehensive database with listings from approximately 95% of Florida Realtor Members!! Property listing information can also be auto populated from MLS Advantage directly into contracts in Form Simplicity. Click here to log in to Florida Realtors and search for property Or, you can go to FloridaRealtors.org > Tools and Support > MLS Advantage WANT HELP USING THIS TOOL? Florida Realtors is Offering a Webinar for members to learn how to use MLS Advantage and navigate its new features. Thursday, April 10th 11am 12pm Register TODAY using the link below: https://www2.gotomeeting.com/register/292408530 Page 4
More Photos from Great American Realtor Days in Tallahassee Page 5
A REALTOR IS ONLY AS GOOD AS THEIR ONLINE REPUTATION In any service oriented industry one s reputation and image are vital, but in real estate where every transaction is one of the biggest decisions in a person s life, it is paramount. In the old days it was easier to build, maintain and monitor one s reputation because it typically existed within your circle of influence and local market. Those were the good old days. Now the Internet has allowed us to expand our reach to a global audience and all of our communications have gone digital (e mail, voicemail, text message, social media, forums, etc.). This means they are permanent, and especially with the rise of social media, easily distributable. So if you make one little mistake or have one irrational client who wants to defame you, it can hurt all of the good will you have built up over the years and potentially ruin your business. Now there are so many social media & customer review sites, chat rooms, forums, etc. that your customers and prospective customers could be talking about you on. So how do you focus on your job as a REALTOR and yet somehow keep up with all of this? Lucky for you, here are some great tips & tools available to help you manage your online reputation: Always think before you hit Send or Submit as you can t take it back. Also, always try to use proper online & offline etiquette & avoid negative situations (disagreements, petty or trivial activities, etc.) that can be used against you. Google YOURSELF, and see what shows up and know what you are up against; you know your prospective clients will. Set up Google Alerts enter any keyword or phrase and receive an e mail newsletter of links to web pages or articles anytime those words are mentioned online Monitor the mentions & direct messages on social media sites (or use aggregation tools like HootSuite.com to consolidate this effort) Create a defined presence for yourself online. Everything you have online (your website, blog, social media profiles, etc. should be similarly named (NameChk.com) and linked to each other (AddThis.com). This gives the consumer (as well as the search engines like Google) a clear picture of who you are online. If you want to take it a step further for Google, create an account at Klout.com that will also track your online activity. If you are going to choose one social media site to create a profile on, make it LinkedIn as it is typically the first thing that shows up when someone searches for your name. Check how you are faring on customer review sites like Yelp, Zillow, RatedAgent.com and HomeAdvisor.com. When it comes to Yelp, you may also want to check out the list of affiliate vendors (plumbers, electricians, etc.) you typically recommend to your clients to make sure they make you look good because if a client has a negative experience with one of your referrals it can negatively reflect on you. While it impossible to rule out being implicated in a listing related scam (most commonly on CraigsList), you can monitor your listings online activity by creating a listing activity report at ShackShout.com or Google Alerts (detailed above) Consider enlisting a product like Reputation.com or Brand.com to help you in all aspects of reputation management (similar to credit monitoring services) including assistance in removing unwanted information (slanderous posts, bad reviews, legal records, etc.) off the internet If you are a company owner or broker, you might want to seriously consider creating a Company Usage Policy. This is a contract (that you can easily create at http:// socialmedia.policytool.net/) that defines a set of guidelines/ rules of what your employees are allowed to do and allows you to legally monitor their online activity. This has become a necessity in the real estate industry due to the fact that the internet has made it so easy to slip up. For example, if one of your agents commits a fair housing violation, the broker and company would not only have to deal with the negative repercussions with their client base, but are also held legally liable for their agents actions. So, if you are looking for a tool that will effortlessly allow you to track your team s online activity, check out www.exacttarget.com. Hopefully these tips and tools will help keep you safer and your reputation intact so that the next time your future clients Google you, they will hire you because they find nothing but good things! Craig Grant of The Real Estate Technology Institute and EasyRealtySites.com is a national speaker on all aspects of technology, marketing and risk management as well as a top consultant for REAL TORS looking to run their business more productively and cost efficiently using technology. For more information, Grant can be reached at 352 400 4857 or by email at Craig@RETI.ws. Page 6
Join us for the GRI 1 designation classes in June! We will be offering the three segments of the GRI 100 series throughout June. Course and registration information is below: June 5 6: GRI 101 REALTORS: Professionalism and the Law "STANDARDS OF PRACTICE" June 12 13: GRI 102 Starting Your Business "STANDARDS OF PRACTICE" June 19 20: GRI 103 Maximize Your Profitability "STANDARDS OF PRACTICE" These classes will be held at RAMC: 43 SW Monterey Road Stuart, FL 34994 $130 for each module OR register for all three GRI 100 Series modules and pay $330. Make Payment to: Florida Realtors To register, call 1 800 669 4327 2014 RPAC Members $99 Club Members Diane Asker W. Thomas Aydelotte Elias Azzi Thomas Baker Bobby Barfield Peggy Batch Gattone Diana Bloom Stephen Bohner Rick Boschen Boyd Bradfield Diana Bruton Marty Carmody Ronald Caruthers Joan Cass Robert Castellano Jeff Clark Christopher Clifford Katherine Coury Christopher Dalfo Steven Day William Dean David Derrenbacker Todd Doss Stephen Dutcher Mary Dwan Margaret Dyer Dennis Fadden Melody Fortier Elmira Gainey James Gallagher Cheryl Giannunzio John Gonzalez Ricou Hartman Marion Jones Carolyn Knight Carol Kucharski Angie Laviano Vincent Laviano Edward Long Sean Mann Joseph Martin Sandy McAlister Gail McCallum John McGhee Patricia McGhee Stephen Osburn W Ronald Paradise Drew Pittman Paula Police David Powers Kevin Powers Anne Schmidt Ronald Schmidt Gary Scott Randolph Segal Richard Sheehan Russell Sites Gayle Sokoloff Christine Solimine Patrick Stracuzzi Ryan Strom William Vanderwerff Mary Ann Villalva Frank Wacha H B Warren Randy Wisniewski Dorothy Yatsko Capitol Club Jennifer Atkisson Lovett Beverly Bray Nancy Burnopp Sandy Burton Carolyn Ann Busbee Deb Duvall Joan Rogers Diane Romer Colleen Sample Joanne Zarro President s Circle Golden R Maria Wells Page 7
Did you know that you can send and receive faxes through Form Simplicity? As a member of Florida Realtors, you have Unlimited Domestic Faxing available! How does it work? Unlimited Faxing through Form Simplicity You will need to first create a transaction, and then you ll have the option to fax. You can either use documents from Form Simplicity or upload your own PDF. When sent, the customer has a cover sheet they can use to fax you back, and the documents will be delivered right into the transaction folder in Form Simplicity. You can also print out a blank cover sheet by clicking on Add Files once within a transaction and then click on Fax Back Cover Page, then click on Download to Save. Some of the other features available through Form Simplicity include: Fax transactions, forms and files via the FAX command within the transaction drop down menu Unlimited emailing and faxing within the United States, Canada and Mexico Have others fax documents directly back into your transaction using the included Form Simplicity cover sheet Faxed back transactions and documents are saved within your Form Simplicity transaction Email or fax the fax coversheet to clients or third parties Use the included fax coversheet and even print the coversheet for personal use Receive automatic email messages when faxes arrive into your transaction Send or view faxed documents from your mobile device, including iphones, ipads, Smartphones or Android devices (Ultimate users may send anyone an email with a link to view selected documents online using the Sharing feature ) For assistance with Form Simplicity, you can contact the Tech Helpline at 407 587 1450 Mon. Fri. 9AM to 8PM and Sat. 9AM to 5PM Want to learn more about Form Simplicity? Come to a FREE Education Class at RAMC Friday, April 11th 9am 11am We will cover creating transactions, emailing and faxing, e sign and more! Register at ramcfl.org or call 772 283 1748. Page 8
Easy. Affordable. Complete. The Palm Beach Post s Florida Home website is the KEY TO SUCCESS for Real Estate Professionals. SEE FOR YOURSELF. VISIT: PalmBeachPost.com/FloridaHome To advertise, contact Kathy Manning @ (561) 820-4370 or kmanning@pbpost.com
GRI 100 Series: S t a n d a r d s o f P r a c t i c e Presented by Florida Realtors and the Realtor Association of Martin County June 5-6, 12-13, 19-20, 2014 Course Descriptions In GRI 101, Realtors will learn just what sets them apart from real estate licensees. Professional Standards will guide you through the National Association of REALTORS Code of Ethics, and the expectations and requirements of the Florida Real Estate Commission (FREC). GRI 102, Contacts to Contracts will provide you with the key to understanding the fundamentals of contract law, including the process of offer, counteroffer, and acceptance. GRI 103, Finance will bring awareness of the latest developments in finance to help clarify the economic status and affordability of the real estate market for customers. The Voice for Real Estate in Florida Standards of Practice (Series 100): GRI 101, 102 and 103 are each a 15-hour course with a 1.5-hour exam approved for 11 hours of continuing education specialty credit or 15 hours of sales associate post licensing credit per module. Take modules GRI 101 and 103 for 3 hours of Core Law credit. COURSE TUITION FEES Register for GRI 101, 102, or 103 $130 SPECIAL Register for all three GRI 100 series $330 What are you waiting for? Sign Up Today! 43 SW Monterey Road, Stuart, FL 34994 To register, call 800.669.4327 Make checks payable to: Florida Realtors 407.438.1400 floridarealtors.org
education outlook April 2014 Invest in your success with RAMC Education RAMC is committed to providing you with a variety of educational programs designed to enhance your real estate career. Whether you are looking to renew your license, update your skills, or become certified in a certain area of real estate, RAMC has a course for you. If you have questions or need additional information, please call us at 772 283 1748 or visit the website at ramcfl.org. Check In Please arrive 10 15 minutes before class begins in order to allow time for check in. On site registrations will be permitted if seats are available. Registration Online (members only): 1. Log into http://www.ramcfl.org 2. Click on Register for Classes 3. Click on the class 4. Click on Register Now 5. Enter credit card information if there is a fee 6. Click on Register 7. Click on Print Register on Confirmation page Or, call 772 283 1748 to sign up Unless specified, all classes are held at RAMC: 43 SW Monterey Rd Stuart, FL 34994 No refunds or credits for no shows. Please cancel 48 hours in advance if necessary Basic (FUSION) MLS Thursday, April 10th 9am 12:30pm 3 CEUs FREE Learn the rules and regulations, MLS overview, client set up, listing input, search & maintenance, add photos, print reports & add a listing to open house tour. Advanced (FUSION) MLS Thursday, April 10th 1:30pm 4:30pm 3 CEUs FREE Listing search review, customizing search templates, exporting, customizing grids, custom reports & agent web page set up. Form Simplicity Training Friday, April 11th 9:00am 11:00am FREE Trainer Tom Baker will give you a soup to nuts run through of the Form Simplicity program. Tom will go over everything you can do with this program including: adding contacts online storage sending and receiving faxed documents Creating forms packages Creating transactions Working with transactions Whether you're a new agent, or someone who's been around and has used Form Simplicity, you will benefit from this session. New Member Orientation Friday, April 18th 9am to 4pm FREE Member Orientation and Code of Ethics, for new RAMC members. Code of Ethics for Members Renewing Association Requirements Friday, April 18th 1:00 4:00pm $15.00 No CEUs Members can attend the afternoon session of New Member Orientation to satisfy their biennial requirements for Code of Ethics; this is a non credited class. Realist (TAX) Training Wednesday, April 23rd 9:00am 12:00pm FREE Realist is the public records/tax roll information service provider for RAMC MLS. Learn how to run searches for mailing lists, exports, and create mailing labels among other functions. Limited to 20. Fusion Hands On! Wednesday, April 23rd 1:30pm 4:30pm FREE Limited to 20 participants Bring your laptop and your Fusion questions and get the answers YOU need! Live Webinar, So you want to be a Broker! With Jane Fairall Thursday, April 24th 9:00am 12:00pm 3 CEUs $15.00 Are you ready to go to the next level and become a broker? Great...But wait! There are things Realtors need to know before they forge ahead, and it necessitates a trusted resource to help them get prepared. This course presents the considerations, possibilities, and the practicalities of owning your own real estate brokerage firm. Brown Bag Caroline Timmann, Clerk of the Court, Martin County Thursday, April 24th 11:30am 1:00pm FREE Join Caroline Timmann, Clerk of the Court with resources and updates from the Clerk of the Court office. Page 11
ETHICS REFRESH: THE 6 MOST CHALLENGING CODE OF ETHICS ARTICLES Article 1: Fiduciary duty To protect and promote the client s interest is to focus on what s best for the client you represent while being honest with all parties. Flipping attempts in short sales is one area in which listing agents must be watchful of sellers best interests. Article 2: Disclosure of pertinent or material facts Property condition disclosures are vital. Make sure property defects and adverse factors are disclosed to the buyer or tenant. Article 3: Cooperation with other brokers Cooperation is not about being polite and is not a synonym for compensation. Standard of Practice 3 10 defines cooperation as sharing information about listings and making listings available for showings. Article 9: Written agreements The basic idea of Article 9 is to get everything in writing. Sometimes buyers and sellers have different notions of what should be included or excluded from the sale or lease. Always make sure these inclusions and exclusions are written into the transaction documents so that the parties are not relying on flyers, brochures, disclosure statements, or MLS listing information. Article 12: True picture Always present a true picture in your advertising, marketing, and other representations. This mandate applies not just to traditional marketing but also to Facebook, Google+, Twitter, texts, and other social media. Check out Standard of Practice 12 5 for guidance on the right way to present your identity as a real estate professional in social media venues. Article 16: Noninterference Noninterference covers those difficult solicitation and dealings issues related to another REALTOR s exclusively represented client. While there are exceptions, the Code s key principle is not to deal directly with or solicit someone involved in an exclusive agreement with another REALTOR. PRESIDENT OBAMA SIGNS FLOOD INSURANCE BILL Great news! President Obama has signed The Homeowner Flood Insurance Affordability Act. In this short video, NAR Senior Policy Representative Austin Perez explains how the bill will impact the flood insurance rates paid by homeowners. He also answers the pressing question: "What should I tell a buyer if they ask about insurance rate increases?" To learn more about what's in the bill, read NAR's recent article "Senate Passes Flood Insurance With House Amendments." We all have questions about when various provisions will become effective and we expect even more detail from NAR soon. And, we will post additional details to our website as FEMA issues guidance on implementation of this new legislation. Thanks for your hard work to make this happen! John S John M. Sebree Senior Vice President of Public Policy Florida Realtors P.O. Box 1853 Tallahassee, FL 32302 talk: 850-224-1400 visit: http://www.floridarealtors.org The Voice for Real Estate in Florida Page 12
FEBRUARY 2014 Trend Indicator Price R an ge 0-2 3 4+ Residential 14 Total Units 13 To tal Units 2014 2013 Price Range Condominium Sold by # of Bedrooms Inventories Sold Inventories 14 Total Units 13 Total Units 2014 2013 <$99,999 21 11 0 32 32 157 147 <$99,999 21 36 129 161 $100 - $199,999 17 22 10 49 46 278 228 $100 - $199,999 14 15 169 179 $200 - $299,999 4 21 6 31 29 228 176 $200 - $299,999 9 11 125 135 $300 - $399,999 1 12 4 17 21 189 151 $300 - $399,999 3 3 53 62 $400 - $499,999 0 4 5 9 5 93 98 $400 - $499,999 2 0 22 30 $500 - $599,999 0 0 3 3 2 45 43 $500 - $599,999 1 0 6 4 $600 - $699,999 0 0 0 0 2 38 33 $600 - $699,999 0 0 2 3 $700 - $799,999 0 0 0 0 2 38 33 $700 - $799,999 0 0 2 3 $800 - $899,999 0 1 1 2 0 30 24 $800 - $899,999 0 0 4 6 $900 - $999,999 0 0 1 1 1 12 18 $900 - $999,999 0 0 1 3 $1 - $1,499,999 0 0 1 1 1 50 44 $1 - $1,499,999 1 1 1 4 $1.5 - $1,749,999 0 0 0 0 0 20 14 $1.5 - $1,749,999 0 0 1 0 $1.75 - $1,999,999 0 0 0 0 0 18 18 $1.75 - $1,999,999 0 0 0 0 $2 - $2,499,999 0 0 0 0 0 15 11 $2 - $2,499,999 0 0 0 0 $2.5 - $2,999,999 0 0 0 0 0 21 17 $2.5 - $2,999,999 0 0 0 0 $3 - $3,499,999 0 0 0 0 0 6 7 $3 - $3,499,999 0 0 0 0 $3.5 - $3,999,999 0 0 0 0 0 5 6 $3.5 - $3,999,999 0 0 0 0 $4 - $4,999,999 0 0 1 1 0 7 6 $4 - $4,999,999 0 0 0 0 >$5,000,000 0 0 0 0 0 8 14 >$5,000,000 0 0 0 0 Total Units 43 72 32 147 141 1,284 1,109 Total Units 53 66 528 604 Avg Price 115,445 226,810 506,254 255,065 218,957 546,923 601,050 Avg Price 188,308 138,146 216,376 220,207 Med Pri ce 110,000 205,000 284,000 180,000 175,000 299,000 309,000 Med Price 115,000 88,250 182,443 179,900 Total Val 4,964,150 16,330,289 16,200,125 37,494,564 30,872,931 702,795,652 666,563,898 Total Val 9,980,301 9,117,610 114,246,738 133,005,256 Solds by Financing Type Absorption Rate Solds by Financing Type Residential Residential Condo Type 2014 2013 2014 2013 Type 2014 2013 Assum 0 0 8.73 7.87 Assum 0 0 Cash 81 78 Cash 44 55 Conv 46 40 Conv 9 11 FHA 13 11 Absorption Rate FHA 0 0 VA 4 4 Condo VA 0 0 Seller 1 3 2014 2013 Seller 0 0 Other 2 5 9.96 9.15 Other 0 0 Solds by Number of DOM Solds by Number of DOM Residential Condo DOM 2014 2013 Absorption rate: in dication o f average DOM 2014 2013 leng th of DOM 1-30 57 47 To calculate the absorption rate, divide the 1-30 8 15 31-60 25 18 number of listings in your market by the number of sales during that month. For 31-60 7 12 61-90 13 14 example, if your market had 300 home listings 61-90 7 7 last month and 100 sales, the absorption rate 91-120 15 13 91-120 7 8 is three months. 121+ 34 47 121+ 24 24 Based on MLS information from the Realtor Association of Martin County, Inc. Page 13
Monthly Market Detail - February 2014 Single Family Homes Martin County Summary Statistics February 2014 February 2013 Percent Change Year-over-Year Closed Sales Paid in Cash 136 130 4.6% 72 65 10.8% New Pending Sales 218 313-30.4% New Listings Median Sale Price 363 323 12.4% $265,000 $250,750 5.7% Average Sale Price $432,763 $529,504-18.3% Median Days on Market 54 91-40.7% Average Percent of Original List Price Received 92.3% 91.0% 1.4% Pending Inventory Inventory (Active Listings) 385 1,368 537-28.3% 1,240 10.3% Months Supply of Inventory 7.0 7.6-7.6% Closed Sales The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest yet most important indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects. Month Closed Sales Percent Change Year-over-Year February 2014 136 4.6% January 2014 156 16.4% December 2013 212 November 2013 178 October 2013 166 September 2013 187 August 2013 216 July 2013 208 June 2013 214 May 2013 231 April 2013 214 March 2013 211 February 2013 130 17.8% 33.8% 8.5% 58.5% 9.1% 18.2% 24.4% 5.5% 28.9% 22.7% -2.3% Closed Sales 250 200 150 100 50 0 2010 2011 2012 2013 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F Produced by Florida REALTORS with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, March 20, 2014. Next data release is Tuesday, April 22, 104.
Monthly Market Detail - February 2014 Townhouses and Condos Martin County Summary Statistics February 2014 February 2013 Percent Change Year-over-Year Closed Sales Paid in Cash 101 102-1.0% 75 78-3.8% New Pending Sales 127 174-27.0% New Listings Median Sale Price 160 172-7.0% $110,000 $93,500 17.6% Average Sale Price $159,616 $132,390 20.6% Median Days on Market 82 86-4.7% Average Percent of Original List Price Received 88.4% 87.7% 0.8% Pending Inventory Inventory (Active Listings) 174 635 249-30.1% 747-15.0% Months Supply of Inventory 6.4 8.4-24.4% Closed Sales The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest yet most important indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects. Month Closed Sales Percent Change Year-over-Year February 2014 101-1.0% January 2014 70 1.4% December 2013 81 November 2013 73 October 2013 90 September 2013 79 August 2013 81 July 2013 87 June 2013 82 May 2013 128 April 2013 169 March 2013 154 February 2013 102-9.0% -6.4% 1.1% 36.2% 1.3% 20.8% -12.8% 28.0% 39.7% 38.7% 21.4% 200 2010 2011 2012 2013 Closed Sales 150 100 50 0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F Produced by Florida REALTORS with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, March 20, 2014. Next data release is Tuesday, April 22, 104.
Thank You to our March Program Sponsors Program Date Sponsor Sponsor Company 14 Hour Continuing Education 3/6/2014 Karen Gilmore Fidelity Funding Mortgage 14 Hour Continuing Education 3/6/2014 Jacqui Brock Prime Lending 14 Hour Continuing Education 3/7/2014 Nannette Walsh Seacoast Inspections 14 Hour Continuing Education 3/7/2014 Peggy Hornick East Coast Mortgage Lenders Marketing 3/11/2014 John Uhle John Uhle & Associates Basic MLS 3/13/2014 Joanne Zarro Sterling Mortgage Intermediate MLS 3/13/2014 Gay Asbury Seacoast National Bank Marketing 3/18/2014 Jacqui Brock Prime Lending Orientation 3/21/2014 Nannette Walsh Seacoast Inspections Orientation 3/21/2014 Peggy Hornick East Coast Mortgage Lenders Marketing 3/25/2014 Joseph Rauso DR Horton If you are interested in sponsoring an upcoming program, please contact Renee at renee@ramcfl.org April 2014 MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY 1 8:30am Residential Marketing, Areas 1 & 7015, Maps A & Z 2 3 3:30pm Leadership Dev. Meeting 4 1pm Foreclosure Crash Course (Live Webinar) Strategic Planning 7 8 9 10 11 10am Professional Development Committee 8:30am Residential Marketing, Area 1, Map Y 9:30am Golf Committee Meeting 9am Basic MLS 1:30pm Advanced MLS 9am Form Simplicity Training 14 15 16 17 18 8:30am Residential Marketing, Area 3, Maps B & C 8:30am Board of Directors Meeting Good Friday RAMC Closed 21 22 23 24 25 8:30am Residential Marketing, Areas 3 & 7180, Maps D & PSL 9am Realist Training 1:30pm Fusion Hands On Training 9am So, You Want to be a Broker? 11:30am Carolyn Timmann, Clerk of the Courts 8:30am Leadership Development Panel 9am New Member Orientation 28 29 30 8:30am Residential Marketing, Area 5, Map E