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May
14
According to David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, home prices continue to advance, with the national average rising faster than at any time in the last two-and-a-half years. With all 20 cities within the Case- Shiller benchmark, seeing prices rise over the last year, questions about whether this is a normal housing market or if prices could be heading for a fall are natural."
Although 2016 sales in the Sarasota/Manatee markets where mostly flat last year, and with sales year-over-year in January down between 8.0% and 9.0%, the spring housing markets are showing signs of blooming sales early this year, not because of higher-than-aver...
May
14
In the month of April, 10 properties were sold in River Strand community ranging from $180,000- $620,000. Currently there are a combination of 25 single family homes, coach homes, villas, and condominiums available to purchase from $175,000 to $990,000 .
I f you, or you know of someone who is looking to sell, buy, or invest into real estate in the near future, please contact us at Coldwell Banker Residential Real Estate. We appreciate the opportunity to assist you, your family, or friends with all your real estate needs!
May
01
Home prices surged more than 7% throughout 50 states in the month of March, according to CoreLogic. In some states, home values have surpassed pre-recession values during the housing boom, although inflation is not accounted for within the calculation.
Sarasota County year-over-year in March (single family resale homes) median values increased just over 9% to $287,000, while Manatee County decreased just under 2.0% to $285,000. I attribute the decline in Manatee County, mostly to the competitive higher sales volume on new construction, especially in the Lakewood Ranch area.
Although current home seller's are competing with new home construction, the resale inventory levels are fairly flat with...