Sarasota Real Estate May Prices Increase 5.4%-6.2% from 2017. May was another strong Real Estate Month in all 3 Counties. Sarasota County saw a slight drop of -1.6% decrease in Sales over April 2018 but up +3.5% from a year ago. Manatee County saw a +4.6% increase and Charlotte County saw a +5.2% increase. Median Price change from a year ago has increased between +5.4% to +6.2% depending upon County. Inventory levels have decreased to 3.6 – 3.9 months depending upon the county, but still historically low.
Wishing you a very Happy 4th of July!
Now the three County news…….
In Sarasota County, the Year to Date Median Price change is an increase of +5.9%. New Listings decreased -14.2% in May and Closed Sales decreased -1.6%. Inventory Level decreased -5.3% and is now at 3.9 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 increased to 79 Days. The Average Sold to Original Listing Price Ratio decreased to 93.4%.
Manatee County, the Year to Date Median Price change is an increase of +5.4%. New Listings increased slightly +.4% in May and Closed Sales increased +4.6%. Inventory decreased -3.6% and the Inventory Level in May for Manatee County is lower at 3.6 months. For Manatee County, the Average Days on Market increased to 80 Days. The Average Sold to Original Listing Price Ratio decreased slightly to 93.6%.
Charlotte County saw an increase of +6.2% in the Year to Date Median Price. New Listings decreased -16.6% in May. Closed Sales increased +5.2% and the Inventory Level decreased -5.3%. The Inventory Level in May is now 3.8 months of Inventory. For Charlotte County, the Average Days on Market increased to 75 Days. The Average Sold to Original Listing Price Ratio stayed the same at 93.8%.
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 2018-06-30 12:37:15