Tag: Sarasota County

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Home Buying Home Prices Home Selling Real Estate

Sarasota County SFH Market Update

The biggest difference between Sarasota County and Manatee County this month is that closed sales in Sarasota continued their downward YoY trend while Manatee’s moved up. It looks like Sarasota is still challenged in the lower half of the market as the median sales price continues to rise. That said, the market in Sarasota is still more balanced than it has been in some time. It remains a good time to be a buyer or a seller, but more inventory would definitely benefit the market as a whole. See the infographic below from Florida Realtors for more.

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Real Estate

U.S. Homeowner Equity

While Florida homeowners still have a relatively stronger position compared to the average U.S. homeowner, it is worth noting that the average U.S. homeowner with a mortgage experienced a decrease in home equity for the first time in over a decade. According to real estate data tracker CoreLogic, among the approximately 63% of U.S. homes with a mortgage, the average homeowner equity per borrower was $274,070 in the first quarter. This figure reflects a 1.9% decline from the same quarter in the previous year.

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Home Selling Real Estate

Not All Offers Are Equal

Florida Realtors has provided the helpful infographic below with information for sellers to consider in addition to price.

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Home Buying Home Selling Real Estate

On Investor Activity

Investor purchases dropped almost by half year-on-year in the 1st quarter of 2023 as elevated interest rates along with declining rents and housing values ate into potential profits, according to a report from Redfin. Of total home sales, investors had a 17.6% share.

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Home Buying Investing in Rentals Real Estate

Investing in Real Estate

Sentiment is down, does that mean the prospect of higher returns is up?

According to a recent Gallup poll, real estate remains a top investment choice for Americans, although its popularity has decreased to a five-year low. In April, 34% of respondents selected real estate as the best place to invest their money, out of options including stocks, bonds, gold, and savings accounts. This poll has consistently ranked real estate as the preferred investment for the past decade.

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