For the past few months we’ve been saying the 2019 Lee County real estate market stood an excellent chance of surpassing the previous 4 years closed sales numbers. More recently we predicted it was going to happen because the pending sales were higher going into December and we only needed about 700 or so closings to break the recent records. Sales came in as expected, and we can now report 2019 was a good year for home sales.
We’ve got so much to report now that we have final year sales statistics, so we’ll do so over the next several weeks. The Board of Realtors saw a 3.39% rise in number of Lee County real estate market homes closed in 2019 over 2018. December helped as the Board of Realtors sales were down 1.2% year to date going into December.
Ellis Team sales were up 18.82% in 2019 versus the board at 3.39%, so we feel pretty good about our sales numbers too. This means we took market share from somebody. We’ll have some major news releases coming up in a few weeks as to changes arriving in the real estate industry, so stay tuned for that. These changes will significantly impact consumers and how they receive real estate information.
Some agent’s sales numbers are up, and some are down. This tells us we have a shifting market and some agents are prepared for what’s going on and some are left wondering what is happening. When we say shifting market, we don’t mean going from good to bad. In this case the shift is in the way buyers find homes and select their agent. This shift is going to accelerate in 2020 and we’re going to see big changes coming.
The agent you choose to work with better be on top of their game. If they don’t understand the changes that have begun, they won’t be prepared for the changes that are coming. The cycle has started, and we’re seeing a shift in agent’s and brokerage’s numbers.
Some brokerages are laying off staff. Agents are watching profit vanish as lead generation costs are skyrocketing. They don’t know what to do or where to turn. They were told change would come in 2019 but they didn’t believe it, because it hadn’t happened yet, and they’ve heard all this talk before. Except this time, it was true, and there is more to come.
You would think with rising sales numbers, agents would be happy. A rising tide lifts all boats. The tide hasn’t risen for all agents. In fact, the tide has gone out for many agents and that has created opportunity for agents that are making the change.
The consumer should not worry. These changes won’t affect the real estate market. The market itself will still ebb and flow as it always does. It will affect how consumers receive information, and it will improve the consumer experience. Consumers will be happy and will be more educated. They will feel more involved and will have more information available than ever before. Exciting things are coming that will shake-up the industry and improve the consumer experience.
If you’re a consumer with an interest in real estate and you’re wondering what the heck we’re talking about, send me an email to Brett@topagent.com with subject line Consumer Experience. In a few weeks I’ll send you information that will change everything. Imagine travel before Expedia, Orbitz, and Trivago. Imagine watching movies before Redbox, Netflix and streaming TV.
In each case the way you received information and the experience you gained from it changed your life forever, for the better. Some people still remember ordering tickets from the airline and waiting for them to arrive in the mail. Others remember going to the store to pick out a DVD for the night. Today it happens at the speed of now, and in a format you can see and digest quickly. The same is about to happen in real estate. Sure, you can search real estate online now, so you’re probably wondering what we’re talking about. You’ll have to trust me that soon your real estate experience is about to change. Until then, www.LeeCountyOnline.com is the best place to search for SW Florida real estate.
See last week’s article “New Home Construction Up 16.9% in December and It’s Not Enough”
Good luck and Happy Selling!