The Sarasota and Manatee county markets for condos & townhomes remain disconnected at the luxury end of the spectrum. 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.
Tag: luxury condos
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.
The luxury condo market in Sarasota county is on fire! Almost 3 times as many condos over $600k are selling each month as last year, and there are less condos for sale than there were a year ago. At current sales rates, there is only about four months of inventory out there. It is definitely a seller’s market.