The local market for condos and townhomes is continuing its shift. When compared to last year at this time, the market moved towards a buyer’s market across all price points in Manatee and Sarasota counties, with the most extreme movement happening in Sarasota.
This three-bedroom, two-bathroom home features 1,945 square feet and a two-car garage. Listed at only $414,900, you don’t want to miss this one.
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 generally give you a good idea of what to expect.
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.
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 in roughly the same place 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.
