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: Luxury Homes
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.
I have been through several new developments lately, and this one really caught my eye. As Lakewood Ranch is heading south into Sarasota County, it is presenting new communities for us to discover. Entering this community, I immediately saw why it is special. You get immediate views of the two main lakes, with over 144 acres of water. The views from your lanai will be simply amazing.
The visual advantages of drone videos have impacted the way that homes are presented throughout the internet. Prospective home buyers often shop online first, so they expect high-quality photography and video in the online listing or they often won’t consider the home.