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Home Buying Home Selling Real Estate

Condo/Townhome Update – Feb 2019

The local market for condos and townhomes above $400,000 currently favors buyers. When compared to last year at this time, there has been a significant shift towards a buyer’s market for luxury condos in Sarasota county. While Manatee county hasn’t shifted towards a buyer’s market for luxury condos, the only reason why is that it was already a buyer’s market at this time last year.

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Home Buying Home Selling Real Estate

The Local Condo Market is Favoring Buyers

The market for condos and townhomes above $400,000 has shifted in favor of buyers. When compared to last year at this time, the shift is especially pronounced when you reach the $600,000 and above market in both Sarasota and Manatee counties.

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Home Buying Home Selling Real Estate

It Remains a Seller’s Market for Local Condos Below $400k

For the second month in a row, the Sarasota and Manatee county markets for condos & townhomes are moving in lockstep for homes below $600,000. However, the Manatee market has really slowed down when compared to Sarasota for condos above $600,000.

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Home Buying Home Selling Real Estate

Its a Tough Market for Sellers of Luxury Condos in Manatee

The Sarasota and Manatee county markets for condos & townhomes are currently moving in lockstep for homes below $600,000. However, the Manatee market has really slowed down when compared to Sarasota for condos above $600,000.

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Home Buying Home Selling Real Estate

The Top End of the Condo Market is Slowing Down

The Sarasota and Manatee county markets for condos & townhomes are currently moving in lockstep. Both markets are Seller’s markets for condos & townhomes priced below $400,000 and Buyer’s markets for condos & townhomes priced above $400,000.