The luxury single family home market ($1M+ homes) is more of a buyer’s market in both Sarasota County and Manatee County this year than last. 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.
If you are the proud new owner of 6450 Watercrest Way, #301, you will have just that opportunity. Listed at $498,000, this 3 Beds 3 Bathroom condo features 2,287 square feet of living space plus a two-car private garage.
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.
Although the luxury single family home market ($1M+ homes) is better balanced this year than last in Sarasota County, it is still a strong buyer’s market. In Manatee County, it is even a stronger buyer’s market this year than last. 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.
Here is your opportunity to move in to Lakewood Ranch newest village, Lakehouse Cove in Waterside, without going through the process of building. This three-bedroom, three-bathroom home features 2,779 square feet of living space and a three-car garage. Listed at $987,000, this home is available now for immediate occupancy.
