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 has been seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 5.5%.
Tag: realtor
The latest mortgage statistics show an improving market in Sarasota and Manatee counties as the numbers are better now than at any point since Hurricane Irma. Both short-term delinquency rates (30 days late) and foreclosures are down when compared to the same period last year. However, serious delinquencies (90 days + late) continue to be somewhat higher than they were last year.
The Sarasota and Manatee county markets for condos & townhomes are currently moving in lockstep. Both markets are Seller’s markets for condos & townhomes priced below $400,000 and Buyer’s markets for condos & townhomes priced above $400,000.
Roughly 63 percent of U.S. homeowners have mortgages. Given that large percentage, its important to understand what the equity positions in their homes look like to assess real estate fundamentals. The good news for us is that according to CoreLogic, homeowners with mortgages saw their equity in their homes rise by almost $1 trillion (12.3%) in the last year. That points to a healthier market.
Whether you are looking for a family home or an investment property, you don’t want to miss this one. This newly renovated, Morrison-built four bedroom, three bathroom home is centrally located in the distinguished neighborhood of Summerwood. Listed at only $425,000, this property is will likely move quickly.
