State of the Market
Welcome to December. As the year comes to a close, let’s look back on home appreciation in 2022. Home prices continue to show strong year-to-year growth, but recently there are declines in month-to-month comparisons. Let’s start with year-over-year. The CoreLogic Case Shiller 20 US city price index found an overall 10.4% year-to-year increase nationally in…
Sarasota – Manatee – Charlotte Historically, September along the Southwest Florida Gulf Coast is generally the slowest month of the year. September 2020 was an anomaly as selling and buying intensified whereas September 2021 continued to move at a brisk pace and we returned to a more familiar pattern comparable to September 2019. Markets are…
The latest Sarasota County real estate news in an active market. Homes sales in Sarasota for the month of August were up 25% compared to last year with 809 units. The number of homes that went under contract and now pending in August are 46.4% higher that last year with 921 units. Presently there are…
Hurricanes, Housing and Our Love of the Ocean Over the past roughly two decades, a number of destructive hurricanes have had a costly immediate impact on a huge number of U.S. coastal communities – from Hurricane Andrew, through Katrina, Sandy and most recently Harvey. While the immediate impact on housing is immense and often runs in…
Across the country ( not just Florida !) lenders, title companies and consumers must now adhere to new Federal Government mandated real estate closing guidelines called TRID (TILA-RESPA Integrated Disclosure). With little media exposure, and little fanfare, the following is now the new normal as at October 3/15… **Good Faith Estimates and Truth-in-Lending statements are…
The Realtor Association of Sarasota just published the latest real estate figures for the month ending May 31. Overall sales in Sarasota County for single family homes recorded a 20% median sale price increase, since May of last year. Overall sales were 1,182 for the month…only 42 sales shy of the all time record. What…
