Unlike in Manatee, we actually saw median sales prices decrease for the first time in what seems like forever in Sarasota County (see graphic below). That said, the change was slight, and could easily reverse itself in the coming months as we move into peak transaction season. I think the headline in Sarasota County is one of balance. The market is at a point where buyers and sellers both have the opportunity for excellent outcomes. It is the type of market where both parties tend to give a little to make transactions work. Having been a real estate agent in markets where one party (either a seller or a buyer) hold virtually all of the cards, I find the current market much more conducive to positive outcomes.
Tag: real estate
New Listing in Esplanade
Listed at $525,000, this 2-bedroom, 2-bathroom condominium has much to offer. Golf membership included with this beautifully appointed, nearly new Caserta VII condominium by Taylor Morrison Builders. With 1,528 square feet of living space and an open-concept floor plan with soaring ceilings, this home feels spacious and airy and takes full advantage of natural light.
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.
In Contract in Arbor Grande!
Congratulations to our sellers in Arbor Grande! In contract in under a week.
Congratulations to our home sellers in University Park Country Club! In contract in under weeks.