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 improving for sellers 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.
Arrive by boat or by car! Homes with front and back bay views on Siesta are rarely available. Listed at $5,925,000, this five-bedroom, six-bathroom home boasts 7,443 square feet and six garages.
Words are even more feeble on this Memorial Day for the sight before us is that of a strong and good nation that stands in silence and remembers those who were loved and who in return loved their countrymen enough to die for them. – Ronald Reagan
Offered at $1,799,000, this 4,369 square foot three-bedroom, five-bathroom home with four-car garage sits on an acre lot. Surrounded by exquisite natural beauty of century old oak trees and impressive pines in the gates of Concession Golf Club, this professionally-furnished model home is available for immediate move-in.
We saw mortgage rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $5.81 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.07% as of this week. Last month at this time, they were sitting at 4.17%. We have seen a slow and steady decline since November.
