March started out as a strong month for the U.S. housing market. However, by the second half of the month, the first indications that the coronavirus pandemic would weigh on home-selling activity began to emerge according to a report from Realtor.com.
Listed at $795,000, this three-bedroom, three-bathroom home features 3,246 square feet of living space. Enjoy classic style and country club living in this well-constructed residence built by Anchor in University Park Golf and Country Club, a community known for its scenic golf vistas, lush landscaping, expansive lake views, and mature live oaks.
Arrive by boat or by car! Homes 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.
Listed at $925,000, this three-bedroom, three-bathroom home features 3,080 square feet of living space. This sought-after Pallazio floor plan is now available in Esplanade, Lakewood Ranch’s premier resort-style community.
While the luxury single family home markets ($1M+ homes) in both Sarasota and Manatee counties are strong buyer’s markets, they look better for sellers this year than last. The most significant movement for sellers is in Manatee County where the months of available inventory has dropped over 40%.
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.