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Home Buying Home Selling Luxury Homes Real Estate

It is a Great Time to Buy a Luxury Home!

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.

The luxury single family home market in Sarasota and Manatee is a buyer's market

Categories
Home Buying Home Selling Luxury Homes Real Estate

The Luxury Single Family Home Market is Warming Up

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.

Categories
Home Buying Home Selling Luxury Homes Real Estate

The Luxury Condo Market is Heating Up in Manatee

The Sarasota and Manatee county markets for condos & townhomes remain disconnected for properties between $600k and $1M. In Manatee, it is better to be a buyer; however, in Sarasota the market is balanced. While the $1M+ condo market in Sarasota has favored sellers all year, this is the first month that we also see it happening in Manatee.

Categories
Home Buying Home Selling Luxury Homes Real Estate

May Luxury Single Family Home Update

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.

Categories
Home Buying Home Selling Luxury Homes Real Estate

Single Family Home Update – April 2018

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.