Starting to See Price Reductions in Sarasota Area Real Estate! We just had an Indiana client put a deposit down on a New, Under Construction Home. The Builder was offering 10% off the Selling Price on this Featured Home scheduled to complete next spring. Great time to Buy!
Inventory continues to creep up now to 1.7 months to 2.2 months of Inventory depending upon the County. A year ago, we were at .5 (Half a Month) of a month of Inventory. Remember a Normal Market Real Estate Inventory is 6 Months of Inventory.
As professionals, we know how to help you purchase or sell Your Florida Lifestyle!
Now the three County News …….
In Sarasota County. The Closed Sales decreased -20.9% over the previous month. New Listings decreased -13.8% and the Inventory Level increased to 1.7 months of Inventory. Remember 6 months of Inventory is considered a Balanced Market. Year to Date Median Price increased +24.0% from the previous year. Days on Market increased to 16 Days. Sold Price to List Price slightly down to 97.6%.
Starting to See Price Reductions in Sarasota Area Real Estate!
Manatee County. The Closed Sales decreased to -17.7% over the previous month. New Listings increased +10.2% and the Inventory Level increased to 2.2 months of Inventory. Year to Date Median Price increased +22.3% from the previous year. Days on Market slight increase to 14 Days. Sold Price to List Price decreased to 97.7%.
Charlotte County. The Closed Sales decreased -24.7% over the previous month. New Listings decreased -4.4% and Inventory Level increased at 1.8 months of Inventory. Year to Date, Median Price increased +21.6% over the previous year. Days on Market increased to 18 Days. Sold Price to List Price decreased to 97.5%.
Remember 6 months of Inventory is considered a Balanced Market.
Look at the graphics with the Real Estate Activity by County in Manatee, Sarasota & Charlotte Counties. Great Interest Rates from High 6% to Low 4%!
Starting to See Price Reductions in Sarasota Area Real Estate!
Off to a Good Start February 2019
Several 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 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. Do not miss your opportunity!
Call Kym at (941) 400-9420 or Helen at (941) 400-9489 to help you find Your Florida Lifestyle!
Published on 2022-08-28 13:22:13
