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Home Buying Home for Sale Real Estate

Just Listed in Esplanade

Come see what everyone is talking about. Esplanade Golf and Country Club at Lakewood Ranch has something for everyone. Whether you are looking for a place to relax, a place to meet new people, or a place to enjoy your favorite sport(s), this amenity-rich community has a lot to offer. This Lazio model home is situated on a lot specifically selected for its amazing views and privacy.

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Home Buying Home Prices Home Selling Real Estate

National Home Sales Forecast

The National Association of Realtors is forecasting significantly lower home sales numbers for the next year. The chart below shows expected year on year change being negative through Q2, 2023.

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Home Buying Real Estate

Mitigating Risk

Even though we are all tempted to go all in to get a home purchase completed, there are some steps to consider before any home purchase. The graphic below does a nice job of highlighting some important considerations.

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Home Buying Home Prices Home Selling Investing in Rentals Real Estate

Future Home Price Risk

CoreLogic is forecasting low risk of our homes going down in price over the next 12 months (see chart below). Our area falls into the “very low” category, with a less than 10% chance of price depreciation. As the U.S. population continues to shift in our direction, I agree with the company’s assessment that it is much more likely we continue to see rising home prices in the next year.

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Home Buying Home Prices Home Selling Real Estate

Sarasota March Snapshot

The issues we are seeing in Manatee County are even more pronounced in Sarasota. There simply isn’t enough active inventory to support a balanced real estate market. While some factors are trending in the right direction, they are doing so ever so slowly. See below for more details.