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.
Category: Home Selling
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The Power of Neutral
Most of us arrange our homes to express ourselves – our travels, families, favorite colors and unique tastes. However, when selling a home, the goal is to create just the opposite – a clean, neutral background that appeals to several different types of potential buyers. They should feel that they could fit right in and be comfortable in your house. You can help to create this feeling inexpensively by simply neutralizing your home before putting it on the market. Here are some tips to do just that.
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Home Selling Essentials
There are a lot of things to do in order to ensure we get our homes sold fast and at the right price. Fortunately, most of them take little effort and many don’t cost anything. While this list isn’t all inclusive, it should give you a great start.
While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 6.7%.
The Sarasota and Manatee county markets for condos & townhomes remain disconnected for luxury homes. While buyers have the leverage in condos & townhomes over $600k in Manatee, that isn’t the case in Sarasota. In fact, the more expensive the condo in Sarasota, the more likely the transaction will favor sellers.