Inventory continues to Decrease for Sarasota Area Real Estate! All 3 Counties (Sarasota, Manatee & Charlotte) report Inventory Levels keep getting lower. Sarasota County 2.4 Months. Manatee County 1.9 Months. Charlotte County 2.4 Months.
Because of low Inventory Levels and strong market demand, prices are slowly increasing. The Median Sold Price from a year ago is up +8% in Sarasota County, +7.2% in Manatee County, and +13.4% in Charlotte County.
Florida Realtors are practicing Safe Social Contact. Strong Real & Virtual Showings & Purchases are happening!
Please follow the State & Federal Guidelines and be Safe!
Have a Happy Halloween! And Don’t Forget to set your clocks back this evening! Fall Back and Spring Forward.
Now the three County News …….
In Sarasota County. The Closed Sales increased +2.8% over the previous month. New Listings increased +4.3% and the Inventory Level decreased to 2.4 months of Inventory. Remember 6 months of Inventory is considered a Balance Market. Year to Date Median Price increased +8.0%. Days on Market decreased to 67 Days. Sold Price to List Price increased to 95.8%.
Manatee County. The Closed Sales decreased -0.3% over the previous month. New Listings decreased -5.3% and the Inventory Level decreased to 1.9 months of Inventory. Year to Date Median Price increased +7.2% from the previous year. Days on Market decreased to 66 Days. Sold Price to List Price increased to 96%.
Charlotte County. The Closed Sales decreased -3.0% over the previous month. New Listings increased +10.2% and Inventory Level decreased to 2.4 months of Inventory. Year to Date, Median Price increased +13.4% over the previous year. Days on Market decreased to 70 Days. Sold Price to List Price increased to 96.3%.
Look at the graphics with the Real Estate Activity by County in Manatee, Sarasota & Charlotte Counties. Still very attractive Single-Family Home & Condominium Pricing and Great Interest Rates!
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 Housing Prices & 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 2020-10-31 10:41:52