The Sarasota and Manatee county markets for condos & townhomes are currently moving in lockstep. Both markets are Seller’s markets for condos & townhomes priced below $400,000, Balanced markets for condos & townhomes priced between $400,000 and $600,000, and Buyer’s markets above $600,000.
Category: Home Buying
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends will give you a good idea of what to expect.
Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer’s market in both Manatee and Sarasota counties. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of home sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations.
Now listed at only $335,000, this could be your next home. Tucked in the private gated enclave of Miramar in Lakewood Ranch you’ll find the perfect maintenance-free home with an expansive view of the 8th hole of Legacy Golf Course. Whether you are looking for a year-round home or a part-time lock-and-leave condominium, you can move into this turnkey unit without having to do a thing.
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Finding Your Florida Home
Finding your next home in your community can be challenging. When you add hundreds or even thousands of miles to the equation, it becomes significantly more complicated. Though long-distance house hunting has its unique challenges, it’s not impossible. In fact, we help people with it every day. With modern technology, it’s never been easier to buy a house remotely. Here are a few critical factors to keep in mind when you find yourself in a home search from afar.