One of the first questions people often ask people in real estate is, “How’s the market?” Here are three interesting facts followed by a couple opinions on “the state of real estate” on the Suncoast in February 2020.
Here are the latest numbers from the Realtors Association of Sarasota Manatee:
– Single-family closed sales in Sarasota and Manatee counties increased by 4.8 percent from last year, reporting the highest number of sales since 2015.
– Sarasota single-family home prices increased by 2.6 percent to $289,798 and Manatee single-family homes reached a median sales price of $316,000, a 5.2 percent increase from 2018.
– Sarasota condo prices increased by 1.2 percent to $235,000, while Manatee condos increased by 5 percent to $200,000.
David Clapp, 2020 President of the REALTOR® Association of Sarasota and Manatee said, “Low mortgage rates continue to encourage buyers to be active in the market.”
I also talked to Matt Day, Broker at Coldwell Banker Realty’s Downtown Sarasota Office. He said, “The competition between new construction homes and resales is strong and gives our buyers options when considering where in the area to buy.”
There you have it, a healthy time to buy or sell in this little slice of paradise in which we live. If you have any questions, or suggestions for future columns, send them my way. Ray.Collins@FloridaMoves.com. Check out my website at raycollins.cbintouch.com.
Photo from Sande Caplin & Associates