Normal Summer Slowdown Sarasota Real Estate Sales! Even with a slower July, we have seen the Median Price increase between 4.5% to 11.8% from a year ago dependent on the county. Still low Inventory levels between 3.4 to 3.6 months depending upon the county.
Now the three County news…….
Sarasota County, the Year to Date Median Price change is an increase of +6.5%. New Listings decreased -5.6% in July and Closed Sales decreased -14.2% in July. Inventory Level decreased -5.1% and is now at 3.6 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 75 Days. The Average Sold to Original Listing Price Ratio is 93.4%.
Manatee County experienced an increase of +4.5% Year to Date Median Price. New Listings increased +1.6% in July and Closed Sales decreased -13.8% in July. Inventory decreased -2.5% and the Inventory Level in July for Manatee County dropped to 3.6 months. For Manatee County, the Average Days on Market increased to 79 Days. The Average Sold to Original Listing Price Ratio remained at 94.0%.
Charlotte County saw an increase of +11.5% in the Year to Date Median Price. New Listings decreased -19.9% in July. Closed Sales decreased -11.8% and the Inventory Level decreased -8.7% in July. The Inventory Level in July is 3.4 months of Inventory. For Charlotte County, the Average Days on Market decreased to 78 Days. The Average Sold to Original Listing Price Ratio increased to 93%.
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.
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.
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 2017-08-28 09:37:43