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.
Tag: Manatee County
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%.
The Sarasota and Manatee county markets for condos & townhomes remain disconnected at the luxury end of the spectrum. While buyers have the leverage in condos & townhomes over $600k in Manatee, that isn’t the case in Sarasota. In fact, the more expensive the condo in Sarasota, the more likely the transaction will favor sellers.
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Coming Soon in Central Park
This beautiful Lakewood Ranch home will be on the market soon. It is the Evergreen floor plan by Neal Homes, and offers 3 bedrooms, 2 baths, a den, and a 3 car garage. It has magnificent lake views from both the front and rear of the home.