Category: Home Buying

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Home Buying Home Prices Home Selling Real Estate

Sarasota County Update

While the YoY sales drop mirrors the activity in Manatee, the YoY median sales price increase in Sarasota jumped quite a bit higher than Manatee (31% vs 21%). Cash sales dipped a bit in July from the over 50% in Sarasota in June. Also, new listings are not coming on as quickly in Sarasota as they are in Manatee. All of this leads me to believe that prices will be a little more stubborn in Sarasota than Manatee in the short-term. That said, it seems that every month now brings a material change in the market. As with every real estate transaction, both the buyer and seller have to take into account what is best for their unique situations when they examine any potential deal.

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Home Buying Home Prices Home Selling Real Estate

Manatee County Update

The number of single-family homes sold in Manatee were down 22% YoY in July. While the pace is definitely slowing, prices are holding better than one would expect in this scenario (so far). Inventory is coming on the market quickly, and the active inventory is at around three months of sales volume. Both of these are good signs for balancing the market as sellers have dominated for some time now. How this will ultimately impact price is another story. The law of supply and demand will definitely govern, but the backdrop of the broader economy will definitely play a role.

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Home Buying Home Prices Home Selling Real Estate

U.S. Market Update – July

While I will move to our local market reports over my next few blog posts, this one will cover the latest from across the nation according to the National Association of REALTORS®. The headline is that existing home sales dropped for the sixth straight month in July.

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Home Buying Home for Sale Real Estate

Just Listed in Sarasota

4906 81st Ave Ter E, Sarasota, FL 34243

Looking for a quiet retreat, look no further. This charming single-family home sits on a .31-acre private cul-de-sac lot with mature landscaping and a distant water view. The covered, screened-in porch adds an additional 230 square feet and is the perfect place to relax and take in the sights and sounds of the various wildlife while enjoying your favorite drink.

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Home Buying Real Estate

Why Own?

There are many reasons why home ownership is more compelling than renting. The infographic below from Florida Realtors via NAR highlights seven important ones.