January New Listings Take a Huge Jump in for Sarasota Real Estate! As expected as we start into season, Sellers decide to List their properties in January. Sarasota County saw a +52.2% increase in Listings over December while Manatee County saw a +66.3% increase and Charlotte County saw a +44% increase. Inventory levels crept up a little to between 4.8 and 5.5 months depending upon the county, but still historically low. Expect February to see big sales jump based upon January Pending sales.
Now the three County news…….
In Sarasota County, the Year to Date Median Price change is an increase of +5.9%. New Listings increased +52.2% in January and Closed Sales decreased -12.1%. Inventory Level increased +8.4% and is now at 5.3 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 decreased to 72 Days. The Average Sold to Original Listing Price Ratio stayed the same at 94.2%.
Manatee County experienced an increase of +9.2% Year to Date Median Price. New Listings increased +66.3% in January and Closed Sales decreased -21.6%. Inventory increased +8% and the Inventory Level in January for Manatee County is still low at 4.8 months. For Manatee County, the Average Days on Market increased to 73 Days. The Average Sold to Original Listing Price Ratio dropped slightly to 93.7%.
Charlotte County saw an increase of +6.3% in the Year to Date Median Price. New Listings increased +44% in January. Closed Sales decreased -22.7% and the Inventory Level increased +9.3% in January. The Inventory Level in January is now 5.5 months of Inventory. For Charlotte County, the Average Days on Market decreased to 69 Days. The Average Sold to Original Listing Price Ratio decreased to 94.5%.
Look at the graphics with 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.
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.
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 Steamline 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 Low 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 2018-03-03 04:37:19