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Mar
14
Local Home Prices Pale in Comparison

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Home prices continue to rise in Southwest Florida, but lucky for us, they are not rising as quickly as other areas of the state or the country. Single-family home prices in the Sarasota-Manatee region grew 3.4% over January of last year, which pales in comparison to other rates across the state and the country.


As the remainder of the state witnessed a 5.1% increase and the average growth rate in the U.S. was 4.4%, Southwest Florida is doing quite well at limiting the rise of housing costs. In fact, according to the Herald Tribune, “Sarasota-Manatee ranked 252nd for price gains out of the 403 metro areas analyzed in the report.”


According to Frank Nothaft, Chief Economist at CoreL...


Mar
07
8.9% Increase in Pending Home Sales

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The Pending Home Sales Index is a forward-looking indicator based on contract signings, rather than closed sales. A property is placed in a pending status as soon as the contract is executed. A recent article by the Florida Association of Realtors states pending home sales have increased by 4.6% in January of this year.


While the increase was an average across the board, each of the four regions had increases ranging from 1.6% to 8.9%. The south had the largest increase of 8.9% and jumped to an index of 119.8, which is 3.1% lower than this time last year.


According to the Florida Association of Realtors, Lawrence Yun, NAR chief economist, says he expected an increase in January home sales bec...


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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Coffey & Divald Property Management 

 206 Harbor Drive S,                                    1491 2nd St Suite B, Sarasota FL 34236

Venice, Florida 

34285

United States