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.
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.
We saw mortgage rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $8.19 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.17% as of this week. Last month at this time, they were sitting at 4.31%. We have seen a slow and steady decline since November.
Listed at $356,900, this three-bedroom, two and a half-bathroom home features an attached garage and 2,343 square feet of living space. Enjoy the benefits of Esplanade resort living without the additional golf fees.