While the luxury single family home market ($1M+ homes) is more of a buyer’s market in Sarasota County this year than last, it is in roughly the same place in Manatee County. 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.
Located in the sought-after Belleisle neighborhood of Lakewood Ranch’s exclusive Country Club East, this two-bedroom, two-bathroom home has 1,792 square feet of living space and a two-car garage. Listed at $429,400, this home features the best of Florida living.
Listed at $589,900, this two-bedroom, two-bathroom home is ideally located in Sarasota. The picturesque homesite is in one of the city’s most sought-after neighborhoods, Poinsettia Park. This home is a short walk or bike ride to Southside Village shops & dining. It is perfect for anyone who wants to build their dream home and live close to all that Sarasota has to offer.
The local market for condos and townhomes above $400,000 currently favors buyers. When compared to last year at this time, there has been a significant shift towards a buyer’s market for condos across all price points in Sarasota county. While Manatee county hasn’t shifted towards a buyer’s market across all price points, it has at the luxury end of the market.
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 generally give you a good idea of what to expect.
