We continued our march towards higher median sales prices in January despite less houses being sold and inventories building. Seeing roughly five months of inventory in the graphic below is a little deceiving as we are entering our busiest transaction time of the year (which will naturally burn through more inventory). As I have been representing a fairly equal amount of both buyers and sellers in 2023, I can tell you that the market actually feels pretty balanced right now. New listings are attracting significant attention; however, buyers have more leverage than at virtually any time in 2022.
Tag: Lakewood Ranch
In Contract in Arbor Grande!
Congratulations to our sellers in Arbor Grande! In contract in under a week.
New Listing – Arbor Grande
Listed at $579,900, this 2-bedroom, 2-bathroom villa shows like a model home. Tranquil water views can be enjoyed from the spacious great room, owner’s suite, and the covered lanai – which is the perfect place for taking in the colorful evening sunsets. This Jasmine model, with almost 2,000 square feet of living space and open-concept floor plan, is the ideal space for entertaining.
Listed at $1,995,000 this three-bedroom, four- and 1/2-bathroom home is sure to please. Inside the gates of University Park Country Club’s premier, master planned community, you will find 32 distinctive neighborhoods on approx. 1,000 acres of lush tropical landscapes with soaring moss-covered oak trees, tranquil ponds, and a 27 hole championship golf course. This custom Najjar home is located in one of University Park Country Clubs most tranquil and private enclaves, Sloane Gardens. Along this tree-lined, cul-de-sac street you will find 16 estate homes with amazing golf course views.
While closed sales continue to trend significantly down year over year, the market has not shifted to favor buyers. Prices continue to rise and inventory levels are moderate (3-4 months of sales), at best. As sellers aren’t jumping to get their homes on the market, it looks like leverage will stay relatively balanced between buyers and sellers this busy season in Manatee. The infographic from Florida Realtors below has more detail.