Buy Now in Sarasota Real Estate! Why is now the time to Buy? Two Reasons:
- Interest Rates Are Going Up!
- Prices Will Go Higher!
The Federal Reserve has indicated that there will be 6 Interest Rate increases in 2022 and 3 more in 2023. After 3 Years of no Interest Rate changes, expect to see Mortgage Rates to increase as well. Federal Reserve Interest Rate Increases
Because of the limited Supply of Home Inventory and continued Strong Demand, property prices will continue to increase. There is No Bubble!
The Sarasota Area is the Place to Be!
As professionals, we know how to help you purchase Your Florida Lifestyle!
Now the three County News …….
In Sarasota County. The Closed Sales decreased -0.5% over the previous month. New Listings decreased -2.6% and the Inventory Level decreased to 0.5 months (less than 1 month) of Inventory. Remember 6 months of Inventory is considered a Balanced Market. Year to Date Median Price increased +28.1% from the previous year. Days on Market increased to 20 Days. Sold Price to List Price slightly up to 101.0%.
Buy Now in Sarasota Real Estate!
Manatee County. The Closed Sales increased to +7.6% over the previous month. New Listings increased +2.0% and the Inventory Level decreased to 0.5 (less than 1 month) months of Inventory. Year to Date Median Price increased +32.0% from the previous year. Days on Market increased to 21 Days. Sold Price to List Price increased to 100.1%.
Charlotte County. The Closed Sales increased +10.1% over the previous month. New Listings increased +6.4% and Inventory Level decreased to 0.8 (less than 1 month) months of Inventory. Year to Date, Median Price increased +36.1% over the previous year. Days on Market increased to 23 Days. Sold Price to List Price decreased to 99.6%.
Look at the graphics with the Real Estate Activity by County in Manatee, Sarasota & Charlotte Counties. Great Interest Rates around 3%!
Different types of Loan Products are available including:
- FHA 100%
- Bank Statement Program for Self Employed
- FHA 96.5% – Down to 580 Credit Score
- USDA 100% Loans – 620 Credit Score
- VA – 100% Financing
- FHA Streamline Refinance
- W-2 Only Program
- Condo Financing
- International Buyer Financing
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.
Still Great Interest Rates! What are you waiting for?
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 2022-03-30 10:25:17