Sarasota Real Estate Market Trends and Mortgaging Your Home Loan

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Post author:Doug Thaler
Post published:August 10, 2019
Post category:Florida Home Loan
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Best Mortgage Rates & Real Estate Trends In Sarasota Florida

Sarasota Florida is a city that sits south of Tampa on Florida’s Gulf Coast that was at one time the winter home of Ringling Brothers Circus. Today, it is the home of a number of cultural institutes, including the Ringling Museum of Art. Sarasota is best known for its miles of amazing beaches with fine sand and shallow waters. Lido Beach and Siesta Key beach are two of the best known.

Sarasota is a city south of Tampa on Florida’s Gulf Coast that was once the winter home of the Ringling Brothers Circus. Today, it hosts a number of cultural institutes, notably the Ringling Museum of Art, which showcases old masters and modern art.

It’s also the gateway to miles of beaches with fine sand and shallow waters, such as Lido Beach and Siesta Key Beach.

Sarasota Multiple Listing service statistics for homes in Sarasota county Goldman forecasts a stable housing market for the first three quarters of 2019. Pricing is expected to grow 3-4 percent according to Goldman.

There is a belief that we are facing looming headwinds and although they should not come to pass for another year or two the market here is strong. Both the snowbird market and the continued movement of northerners moving down will keep this area strong.

In his prognostication, Collins also noted: “The housing market in Miami, Tampa, Orlando, Panama City, Sarasota, Naples, Fort Lauderdale, and even Boca Raton are compelling real estate investment value propositions for snowbirds and other buyers in North America.

In the “Pre-Mover Housing Index,” ATTOM Data Solutions, which is a curator of a multi source national property database indicates that the Tampa Bay area ranks 6th in loan applications from those that are re-locating. For the best mortgage rates in the Sarasota Florida area, click here.

In Florida, November marked 83 consecutive months — more than six and a half years — that statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year.

“As we close out the year,” said Erica Plemmons, economist and director of housing statistics for Florida Realtors, “how has 2018 compared to 2017? Median sale price has continued its climb every month in 2018 versus the same month in 2017.”

In the Sarasota-Manatee market, the median home price ticked up 3.8 percent to $290,000 in the third quarter of this year.