The luxury single family home market ($1M+ homes) is more of a buyer’s market in both Sarasota County and Manatee County this year than last. 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.
Tag: realtor
Whether you are looking for a family home or an investment property, you don’t want to miss this one. This newly renovated, Morrison-built four-bedroom, three-bathroom home is centrally located in the distinguished neighborhood of Summerwood. Listed at only $425,000, this property is will likely move quickly.
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 $434,000, this home features the best of Florida living.
Arrive by boat or by car! Homes like this one with front and back bay views on Siesta are rarely available. Listed at $5,925,000, this five-bedroom, six-bathroom home boasts 7,443 square feet and six garages.
The latest mortgage statistics show an improving market in Sarasota and Manatee counties as the numbers continue to improve. Both short-term delinquency rates (30 days late) and serious delinquencies (90 days + late) are lower than they were last year at this time. From a mortgage perspective, Hurricane Irma had significantly more impact than this year’s red tide.