The luxury single family home market ($1M+ homes) is more of a buyer’s market in both Manatee and Sarasota 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.
Congratulations to our client who just closed on the sale of this property in Esplanade today!
Listed at $1,499,000, this four-bedroom, five-bathroom home boasts 4,000 square feet while sitting on a full acre lot. Behind the gates of The Concession, enjoy an impressive drive through majestic oak trees and tall pines and down the long paver drive to this estate home set on a stunning lake.
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.