While we saw mortgage interest rates drop a bit to begin the last 30 days, they are now back in essentially the same place they were at this point in November. The miniscule change will save new borrowers just over a $1 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.73% as of this week. Last month at this time, they were sitting at 3.75%.
Listed at $1,425,000, this three-bedroom, four-bathroom home features 3,393 square feet and a three-car garage. Located on a private lot in the gates of The Lake Club in Lakewood Ranch, this John Cannon custom residence is perfectly positioned on a unique preserve lot where one can enjoy dramatic sunsets & peaceful views.
The local market for condos and townhomes is continuing its shift. When compared to last year at this time, the market moved towards a buyer’s market across the lower price points in Manatee County and the higher price points in Sarasota County.
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.
Did you know that our Florida team facilitated over $9.5 billion in sales last year?
