The Hegemier REALTOR® Team

10 Reasons to do a Real Estate Transaction this week in Sarasota / Manatee

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Prices continue to steadily climb! Up about 11%.

Average sale price in Manatee County is $300,000 up over $270,000 in the previous year

Median sale price is $235,000 over $205,000 in 2013  (14%)

Number of sales are up by 19.8% over the previous year.

Foreclosures are up by 30% and short sales are down by 61%.

Which means we’re clearing up idol properties and banks are turning their inventory.

Inventory is down a little over 6.3%.

Interest rates are still very low.

FHA loans have dropped the credit score limit to below 600 and reduced the MIP loan amount saving the average borrower up to $900 a year in mortgage insurance.

Population growth for Manatee County is expected to be up 9.1% by 2020,

In 2012 our population was 200,000.

In 2013 our population was 220,000.

In 2014 our population was 250,000.

That’s 694 people a day!

Average monthly rent on a 3 bedroom home is $1355.  That’s an increase of 4% over the previous year.

In 2014 there were over 2500 building permits issued for new single family hones compared to 2000 in 2013.

With values up and interest rates low, now is the time to make your move.  We are happy to provide a no obligation market consultation custom to your needs today!