Sarasota Real Estate Sales Ahead of Last Year! Manatee, Sarasota and Charlotte Counties, saw an increase in November 2018 Sales .3% to 9% depending upon the County compared to November 2017. As we head into the Buying season, and Florida’s population increases 5 times to 104,000,000, as expected, Inventory increased from 4.9 months to 5 months depending upon County.
Now the three County news…….
In Sarasota County, the Year to Date Median Price decreased -1.9% from a year ago. New Listings decreased -3.7% in November and Closed Sales increased +.2%. Compared to Closed Sales in November 2017, Closed Sales have increased +.2% in 2018. Inventory Level increased +9.8% and is now at 4.9 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 8 days to 75 Days. The Average Sold to Original Listing Price Ratio increased to 94.3%.
Manatee County, the Year to Date Median Price change is an increase of +3.1%. New Listings decreased -.1% in November and Closed Sales increased +1.1%. Compared to Closed Sales in November 2017, Closed Sales increased +9.0% in November 2018. Inventory increased +9.7% in November and is now 4.9 months. For Manatee County, the Average Days on Market decreased 3 days to 72 Days. The Average Sold to Original Listing Price Ratio decreased slightly to 93.90%.
Charlotte County, the Year to Date Median Price change is an increase of +14.0%. New Listings increased +1.7% in November. Closed Sales decreased -7.2%. Compared to Closed Sales in November 2017, Closed Sales increased +.3% in November 2018. The Inventory Level increased +10.5%. The Inventory Level in November is now a low of 5 months of Inventory. For Charlotte County, the Average Days on Market increased 4 days to 73 Days. The Average Sold to Original Listing Price Ratio decreased slightly to 93.3%.
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. Just added Average Days on Market (DOM) and Average List Price to Sold Price Ratio for each County.
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 2018-12-20 10:58:08