Hello there! As we prepare for the coming weeks of being home with our families, a lot of us are asking ourselves the same question: “How am I going to keep my children entertained without leaving the house?” This is without a doubt a daunting task. With our twenty-one-year-old recently rejoining us and our twelve-year-old in our home, finding activities the whole family can enjoy is tough. Luckily, they are independent and enjoy their “personal” time.
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.
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.
Measuring mortgage delinquency rates is important for analyzing the health of the housing market. Despite recent stress in some areas of the country (mainly in the Midwest), mortgage delinquency rates continue to stay at near-record lows.
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.