We sold our house earlier this year as our oldest went off to college last fall, and we thought we would try something new. However, we didn’t find a house we wanted to buy quickly enough to make an easy transition. To make lemonade out of a lemon, we decided to try living on a key. Accordingly, we ended up doing an off-season rental of a home on Siesta Key.
The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month. Both short-term delinquency rates (30 days late) and more serious delinquencies (90 days plus late) are up year on year. Although we have yet to see a foreclosure spike, it sure still looks like it is coming.
You won’t find a lower priced home in Lakewood Ranch with a three-car garage. Plus, this home is solar powered with a $28,000 26-panel system that provides maximum energy savings. This gem has two lake views — front and back, three bedrooms, two baths, an office and an open floor plan. Sliding glass doors open from great room to an extended paver lanai with plenty of room for outdoor dining, lounging and entertaining.
While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 7.0%.
This newly renovated, Morrison-built home in Sarasota, is centrally located in the distinguished neighborhood of Summerwood. The home features new wood laminate flooring throughout and fresh paint in a crisp modern color. The kitchen has been completely redone and features beautiful white cabinetry, granite countertops, stainless steel appliances, an oversized farmers sink and abundant counter space.