Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.
We saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers another $3 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.87% as of this week. Last month at this time, they were sitting at 2.93%. Of course, both are historically low.
Listed at $2,120,000, this four-bedroom, four-and-a-half-bathroom home features over 5,105 square feet of living space. The Villa Natalia is a former Lee Wetherington model located in the prestigious Belmont Court neighborhood inside the gates of Lakewood Ranch Golf & Country Club.
Congratulations to our client on Messina Loop in Esplanade in Lakewood Ranch! Your home is now in contract to close in November.
For the first time since I started tracking local market data by price point every month several years ago, the luxury single family home market is balanced in both Manatee and Sarasota counties. Usually, the higher end of the market tends to favor buyers, with over seven months of available inventory for sale at any point in time.