The Sky Is Not Falling! in Sarasota Real Estate. Yes, there are some price adjustments going on in all 3 Counties dependent upon Months of Inventory. During the downturn in 2008/2009, Inventory Levels were 24 Months of Single-Family Homes and 36 Months of Condos. We are not even close to those numbers now. Sarasota 5.7 Months. Manatee 4.8 Months, and Charlotte 7.8 Months of Inventory. Normal (Balanced Market Inventory) is 6 Months. Demand continues.
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 increased +10.5% in April over the previous month. New Listings increased to +2.1% and the Inventory Level decreased to 5.7 months of Inventory. Remember 6 months of Inventory is considered a Balanced Market. Year to Date Median Price Increased +5.4% from the previous year. Days on Market increased to 63 Days. Sold Price to List Price decreased to 92.5%.
Manatee County. The Closed Sales decreased -4.3% in April over the previous month. New Listings increased +6.0% and the Inventory Level decreased to 4.8 months of Inventory. Year to Date Median Price Decreased -4.1% from the previous year. Days on Market decreased to 62 Days. Sold Price to List Price decreased to 93.3%.
Charlotte County. The Closed Sales increased +6.5% in April over the previous month. New Listings increased +10.3% and Inventory Level decreased to 7.8 months of Inventory. Year to Date, Median Price Decreased -1.4% from the previous year. Days on Market decreased to 71 Days. Sold Price to List Price decreased to 91.1%.
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 7.1% to Low 5.7%!
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 Good 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 2024-05-29 12:19:52
