Sarasota Real Estate Market Updates

Found 10 blog entries about Sarasota Real Estate Market Updates.

Paula Switzer of Union Home Mortgage joins Matt Leicht to discuss how COVID-19 has affected the mortgage industry from a residential aspect. Paula has lived in the Sarasota area for 40 years and has been a local lender for 17 years. She has a strong background in financial institutions and worked in a real estate company for 10 years.  She covers loan forbearance and what mortgage interest rates are doing during this COVID-19 pandemic. Watch the interview above for a full report, or check out some tidbits below of our interview.

 

1:25 - How has COVID-19 affected the mortgage industry?

“Mortgage lenders are busy, busy, busy! Rates have dropped, so everyone out there with a current existing mortgage has called to refinance.”

2,225 Views, 0 Comments

I have had many people reach out to me the last few weeks with this question, and I am honored that many would value and trust my opinion on the matter. While there is no magic “crystal ball” to predict the future, we can look back on the past and find similarities and differences. These facts may help us predict what is to come in the future. I recently came across an article on “Keeping Current Matters” that has a great breakdown on the difference between the 2008 housing crash and our current 2020 pandemic.

See, in 2008 we faced a housing crisis. Today we face a pandemic. Yes, the pandemic will have an affect on the economy, but I do not believe we will see the same thing with the housing market that we did in 2008. I’ve heard people say that

1,981 Views, 0 Comments

Quarter 4 - 2020 

Let's take a look back to October, November, and December of 2020 as I review what the real estate market did in the last couple of months. Download the free PDF below for my full Sarasota Real Estate Market Update Q4 2020 or watch the update on Market with Matt – Sarasota Real Estate Market Update Q4 2020 below. 

Brief Market Summary For Q4 2020

Overall in the 4th quarter we’ve seen a lot of similarities that we saw in quarter 3 of 2020. Low inventory of homes on the market paired with homes selling quickly. The median days of getting a contract on a property was 28, compared to 39 days at this time of year in 2019. 

Single Family Homes: Single family sales were up 40%. Inventory was down 48%. Sale price increased from

2,623 Views, 0 Comments

Housing Trends Hold Steady as Summer Closes

The combined number of properties sold in Sarasota and Manatee counties increased by 3.7 percent from July 2018 to July 2019. According to monthly reports from Florida REALTORS®, combined inventory in the two-county area decreased but more new listings entered the market this month compared to the same time last year.

In Sarasota County, single-family home sales increased by 13.9 percent to 802 and Manatee single-family home sales decreased by 1.8 percent to 611. Manatee condo sales increased by 8.7 percent to 237, while Sarasota condo sales decreased by 10.6 percent to 305.

“With holidays and family vacations, July is traditionally a slower month for sales,” said Amy Worth, 2019 President of the

382 Views, 0 Comments

Median Prices Rise Again in Sarasota and Manatee County

SARASOTA, Fla. (July 23, 2019) – The Sarasota and Manatee housing market favors the seller with a decrease in existing home sales in June 2019. Inventory is steady among the two counties as median prices continue to increase year-over-year. Pending sales and new listings showed a decrease in June 2019, according to monthly reports from Florida REALTORS®.

In June, there were a total of 2,032 closed sales in the two-county market, a 3.1 percent decrease from this time last year. In Sarasota County, single-family home sales increased by 2.9 percent to 821 and Manatee single-family homes decreased by 2.2 percent to 623. Condo sales decreased from this time last year, with a 10.4

2,573 Views, 0 Comments

Sarasota and Manatee Home Sales Increase in May 2019

In May 2019, total home sales in Sarasota and Manatee counties increased by 11.2 percent from the same month last year. Combined inventory and median prices also increased year-over-year, according to monthly reports from Florida REALTORS®.

In Manatee County, single-family home sales increased by 13.3 percent to 726 and Sarasota single-family homes increased by 17 percent to 959. Manatee condo sales increased by 6.1 percent to 295, while Sarasota condo sales increased by 1.1 percent to 457.

"May is now showing the highest number of closed sales in each market in 2019,” said Amy Worth, 2019 President of the REALTOR® Association of Sarasota and Manatee. “Year-to-date, single-family homes

726 Views, 0 Comments

More Options for Home Buyers

SARASOTA, Fla. (May 21, 2019) – The April 2019 housing report shows a rise in inventory and median sales prices, with properties spending more time on the market. Year-over-year, closed sales and new pending sales decreased.

In Manatee County, single-family home sales increased by 3.9 percent to 633, while Sarasota single-family homes decreased by 2.6 percent to 793 in Sarasota. Manatee condo sales decreased by 0.7 percent to 265 and Sarasota condo sales decreased by 8.3 percent to 444.

Inventory up 10%

Inventory continues to rise with a year-over-year increase in the two-county area. For single-family homes, inventory increased by 10.4 percent in Sarasota and decreased by 2.0 percent in Manatee. Condo

577 Views, 0 Comments

Single-Family Home Sales Rise in March 2019

SARASOTA, Fla. (April 22, 2019) – In March of 2019, inventory continues to rise in the Sarasota and Manatee housing market. As for sales, single-family homes increased, while condo sales decreased. The two counties differ in prices with a median price increase in Manatee County and a decrease in Sarasota County.

Following the same trend as February’s report, closed sales increased for single-family homes but decreased for condos in March. Single-family sales increased by 8.4 percent to 629 in Manatee County and increased by 1.4 percent to 778 in Sarasota. Manatee condo sales decreased by 2.8 percent to 276 and Sarasota condo sales decreased by 13.6 percent to 393.

713 Views, 0 Comments

Single-Family Home Sales Increase Amid Rising Inventory

SARASOTA, Fla. (March 22, 2019) – In February 2019, inventory continues to increase across the two-county area, reaching a more balanced supply. Median sales prices increased in Sarasota but decreased in Manatee County. Compared to last year, closed sales increased for single-family homes but decreased in the condo market. Compared to last month, closed sales are up overall, indicating a start to the season.

Single-family home sales increased by 4.8 percent in Manatee County and increased by 4.2 percent in Sarasota. Manatee condo sales decreased by 14.9 percent and Sarasota condo sales decreased by 12.1 percent.

Compared to last month, regular closed sales and cash sales

326 Views, 0 Comments

More Options for Buyers as Housing Market Finds Balance

SARASOTA, Fla. (February 21, 2019) – Closed sales in Sarasota and Manatee County fall short at the start of 2019. Median prices continue to rise and a jump in inventory and new listings point to a more balanced market.

Combined, closed sales in the two-county area decreased by 17.2 percent from January 2018. Single-family home sales in Manatee County decreased by 16 percent, while Sarasota decreased by 11.4 percent. Condo sales in Manatee decreased by 6.9 percent and Sarasota sales decreased by 33.1 percent.

More Inventory

The combined two-county inventory increased year-over-year in January by 12.3 percent. Single-family home inventory in Manatee County increased by 5.7

559 Views, 0 Comments