Sarasota Real Estate Now Balanced “Normal” Market! At 6 months of Inventory, Sarasota Real Estate is neither a Seller’s Market or a Buyer’s Market. Now the three County news…….
In Sarasota County, the Year to Date Median Price change is an increase of +4.5%. New Listings decreased -14.6% in February and Closed Sales increased +17.1% in February. Inventory Level increased +3.1% and is now at 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 increased to 75 Days. The Average Sold to Original Listing Price Ratio is 93.3%.
Manatee County experienced an increase of +10.0% Year to Date Median Price. New Listings decreased -14.6% in February and Closed Sales increased +17.1% in February. Inventory saw no change and the Inventory Level in February for Manatee County is a low of 4.2 months. For Manatee County, the Average Days on Market increased to 73 Days. The Average Sold to Original Listing Price Ratio is 94.0%.
Charlotte County saw an increase of +8.8% in the Year to Date Median Price. New Listings decreased -14.7% in February. Closed Sales increased +15.8% and the Inventory Level increased +3.8% in February. The Inventory Level in February is 5.8 months of Inventory. Getting close to 6 months! For Charlotte County, the Average Days on Market was 74 Days. The Average Sold to Original Listing Price Ratio is 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.
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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.
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Published on 2017-03-18 17:30:38