2016 – Another Big Year for Sarasota Real Estate! The year ended with strong sales in all 3 Counties, Manatee, Sarasota and Charlotte. Sarasota and Charlotte Counties were slightly off from 2015, a record year, and Manatee County was up slightly from 2015. Inventory levels were below 6 months of Inventory in all 3 Counties. Therefore, we continue to see Median prices increasing because of low Inventory in the range of +4 % to +7% per year depending upon the County. Now the three County news…….
In Sarasota County the Year to Date Median Price change is an increase of +7.3%. New Listings decreased -9.6% from November and Closed Sales increased +13% from November. Inventory Level increased +10.3% and is still at a low of 4.9 months of Inventory. Remember, a Balanced Real Estate Market or a Normal Market has an Inventory of 6 months. For Sarasota County, the Average Days on Market increased to 75 Days.
Manatee County experienced an increase of +4.2% Year to Date Median Price. New Listings decreased -16.8% from November and Closed Sales increased +21.1% from November. Inventory increased +7% from November and the Inventory Level in December for Manatee County is a low of 4.2 months. For Manatee County, the Average Days on Market increased to 71 Days.
Charlotte County saw an increase of +6.4% in the Year to Date Median Price. New Listings decreased -17.3% from November. Closed Sales increased +5.8% from November and the Inventory Level increased +13.4% from November. The Inventory Level in December was a low of 4.9 months of Inventory. For Charlotte County, the Average Days on Market was 68 Days.
Take a look below, at the Real Estate Activity by County in Manatee, Sarasota and Charlotte Counties to see specific changes to New Listings, Sold, Inventory Levels as well as the Year to Date Median Price Change.
We are very successful in finding the best fit for your Florida Lifestyle as well as very successfully selling your Florida property through extensive, professional marketing and direct contact with Florida Buyers.
Still very attractive Single Family Home & Condominium Pricing and Great Interest Rates!
Interest Rates for a 30 year mortgage with 20% down (Single Family Home):
$100,000 for 30 years at 4.375% costs $499.00 per month.
$200,000 for 30 years at 4.375% costs $999.00 per month.
$300,000 for 30 years at 4.250% costs $1,475.00 per month.
Each person qualifies for a loan differently and your interest rate could be different. APR is not quoted, but available. Different programs are available with low down payments. Call me to see what your rate is.
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We can help you with an REO/Bank Owned, Short Sale, Normal Sale or New Home Sale. Don’t miss your opportunity!
Call Kym at (941) 400-9420 or Helen at (941) 400-9489 to help you find Your Florida Lifestyle!
Published on 2017-01-30 17:13:37
