Sarasota Real Estate Holding Steady in August with Low Inventory! Manatee, and Sarasota Counties, saw an increase in New Listings and Closed Sales in August compared to July. Charlotte County saw a drop in New Listings as well as Closed Sales. Inventory continues at historical low Inventory Levels in all three Counties, which puts upward pressure on the Median Price from +1.5% to +6.5% depending upon County.
Now the three County news…….
In Sarasota County, the Year to Date Median Price +6.5% from a year ago. New Listings increased +8.9% in August and Closed Sales increased +0.5%. Inventory Level decreased -2.0% and is now at an even lower, 3.3 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 3 days to 77 Days. The Average Sold to Original Listing Price Ratio increased slightly to 93.8%.
Manatee County, the Year to Date Median Price change is an increase of +2.4%. New Listings increased +7.2% in August and Closed Sales increased +3.9%. Inventory decreased -2.0% in August and is a low of 3.1 months. For Manatee County, the Average Days on Market decreased 2 days to 68 Days. The Average Sold to Original Listing Price Ratio decreased slightly to 94.2%.
Charlotte County the Year to Date Median Price change is an increase of +1.5%. New Listings decreased -10.3% in August. Closed Sales decreased -2.3% and the Inventory Level decreased -3.0%. The Inventory Level in August is now a low of 3.2 months of Inventory. For Charlotte County, the Average Days on Market stayed the same at 78 Days. The Average Sold to Original Listing Price Ratio increased slightly to 93.7%.
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 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 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 2018-09-30 14:27:41