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Home Buying Home Prices Home Selling Real Estate

The Latest on Our Local Real Estate Market

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.

Sketch of Florida home

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Home Buying Home Selling Real Estate

Condo/Townhome Update – Feb 2019

The local market for condos and townhomes above $400,000 currently favors buyers. When compared to last year at this time, there has been a significant shift towards a buyer’s market for luxury condos in Sarasota county. While Manatee county hasn’t shifted towards a buyer’s market for luxury condos, the only reason why is that it was already a buyer’s market at this time last year.

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Home Buying Home for Sale Home Selling Luxury Homes Real Estate

Featured Listing in Siesta Key – 1356 Point Crisp Rd

Arrive by boat or by car! Homes with front and back bay views on Siesta are rarely available. Listed at $5,925,000, this five-bedroom, six-bathroom home boasts 7,443 square feet and six garages.

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Home Buying Home Selling Mortgages Real Estate

Mortgage Rates Inched Lower Last Month

We saw mortgage rates drop a little bit more last month. The most recent decrease will save new borrowers an additional $5.35 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.46% at the end of January. At the end of December, they were sitting at 4.55%. We are continuing to see a bit of a zig zag approach to the market with a few months of rising rates followed by a month or two of decline.

Sketch of a Florida home

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Home Buying Home Selling Real Estate

In Contract in Summerwood!

Another listed home in contract for the Shanahan Group. We are moving towards a closing date in Summerwood!

Listing of home for sale at Old Summerwood