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 generally give you a good idea of what to expect.
While the luxury single family home market ($1M+ homes) is more of a buyer’s market in Sarasota County this year than last, it is in roughly the same place in Manatee County. 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.
Located in the sought-after Belleisle neighborhood of Lakewood Ranch’s exclusive Country Club East, this two-bedroom, two-bathroom home has 1,792 square feet of living space and a two-car garage. Listed at $429,400, this home features the best of Florida living.
Listed at $364,500, this 3-bedroom, 2-bathroom home with 1,946 square feet and a two-car garage is sure to move quickly. Set in the private gated enclave of Eagle Trace, this charming maintenance-free home boasts three beds, two baths, and a large study. Well-designed for today’s living, the White Sands III floor plan built by Neal Communities has an open floor plan with large dining area, spacious kitchen, pantry, and a generous island with plenty of room for seating.
We are holding an open house at our University Park listing this weekend. Click the picture for more.
