While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 6.7%.
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House Hunting from Afar
Finding your next home locally can be challenging. When you add hundreds or even thousands of miles to the equation, it becomes significantly more complicated. Though long-distance house hunting has its unique challenges, it’s not impossible. In fact, we help people with it every day, and with modern technology, it’s never been easier to buy a house remotely. Here are a few critical factors to keep in mind when you find yourself in a home search from afar.
The Sarasota and Manatee county markets for condos & townhomes remain disconnected for luxury homes. While buyers have the leverage in condos & townhomes over $600k in Manatee, that isn’t the case in Sarasota. In fact, the more expensive the condo in Sarasota, the more likely the transaction will favor sellers.
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 will give you a good idea of what to expect.
Property taxes are vital for funding schools, libraries, police departments, fire departments, and public works like roads and parks. However, that doesn’t mean we enjoy paying them. If you are seeing them creep up in your area, here are five reasons that might be to blame and a few things you can do about it.