Tag: Bradenton

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Home Buying Home for Sale Home Selling Real Estate

New Listing in Eagle Trace

This 3-bedroom, 2.5-bath home features over 2,300 square feet of living space and an extended 3-car garage. Listed at $799,500, it is a great opportunity in Eagle Trace. Eagle Trace is a maintenance free, gated community, located near the north end of Lakewood Ranch. This master planned community of 272 homes sits on 104 acres, much of which is dedicated to preserving nature. Neighborhood amenities include a community center with a swimming pool, spa, tennis courts, playground and outdoor entertainment area with gas grill and covered seating area and NO CDD FEES in this neighborhood.

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Home Buying Home Selling Real Estate

Manatee SFH Market Update

The single-family home market in Manatee County hasn’t shown much change in the last few months. We continue to have less inventory than we would like, which is keeping closed sales relatively low. That said, demand isn’t where it was during the peak post-COVID times, so prices have largely stabilized. At this time, I continue to believe that your leverage is reasonable whether you are a buyer or a seller. As we head into our busier season in the next quarter, the market could still take a turn favoring buyers or sellers. See the infographic below from Florida Realtors for more details.

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Home Buying Home Prices Home Selling Real Estate

Manatee County Market Update

While single-family home inventory levels in Manatee are thankfully higher this year than last, we didn’t see inventory build in June. Overall, the market remains fairly healthy when compared to 2022; however, more inventory would make a positive difference. The median price of homes has dropped slightly YoY; however, that doesn’t mean that home prices are falling. Rather, the lower end of the market is transacting at faster pace than it did last year, which is a good outcome for the county. The infographic from Florida Realtors below contains more of the details.

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Home Buying Home Selling Real Estate

Real Estate Transactions

Whether it’s your first real estate transaction or it is has just been some time since your last, I find it useful to have an illustration about how the process works. Florida Realtors has created the helpful image below for just that. I hope you find it as beneficial as I do.

Categories
Home Buying Home Prices Home Selling Real Estate

Manatee SFH Market Update

While new listings were down YoY in May, we saw both closed sales and overall inventory rise when compared to May of 2022. The lower half of the market seems to be more active this year as the median sales price is finally moving down a bit. While I would like to see listings and inventory continue to rise, the market is continuing to look healthier now than it did a year ago. It is a reasonable time to be a buyer or seller in Manatee County. See the infographic below from Florida Realtors for more.