Sarasota Area Real Estate in July 2020 Very Strong! Interest Rates hit a Historic Low in July and Median Price Values have increased between 9.4% to 15.8% from a year ago depending upon County. Inventory continues to remain low at 2.3 to 2.9 months depending upon the County.
Great time to Buy! Florida Realtors are practicing Safe Social Contact. Strong Real & Virtual Showings & Purchases are happening!
Now the three County News …….
In Sarasota County. The Closed Sales increased +22.6% over the previous month. New Listings increased +7.5% and the Inventory Level decreased to 2.9 months of Inventory. Remember 6 months of Inventory is considered a Balance Market. Year to Date Median Price increased +9.4%. Days on Market stayed the same at 77 Days. Sold Price to List Price stayed the same at 94%.
Manatee County. The Closed Sales increased +14% over the previous month. New Listings increased +16.2% and the Inventory Level decreased to 2.3 months of Inventory. Year to Date Median Price increased +15.8% from the previous year. Days on Market increased to 76 Days. Sold Price to List Price increased to 95.0%.
Charlotte County. The Closed Sales increased +35.4% over the previous month. New Listings increased +3.3% and Inventory Level decreased to 2.8 months of Inventory. Year to Date, Median Price increased +14.3% over the previous year. Days on Market decreased to 77 Days. Sold Price to List Price increased to 95%.
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!
Estimated Monthly Payment On a 30-Year Fixed-Rate Mortgage
| Loan Amount | 4.0% | 3.0% | Monthly Savings | Savings Over 30 Years |
| $100,000 | $477 | $422 | $55 | $20,093 |
| $200,000 | $955 | $843 | $112 | $40,184 |
| $300,000 | $1,432 | $1,265 | $167 | $60,277 |
| $400,000 | $1,910 | $1,686 | $224 | $80,368 |
| $500,000 | $2,387 | $2,108 | $279 | $100,461 |
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.
Sarasota Area Real Estate in July 2020 Very Strong!
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 2020-08-29 11:36:32
