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.
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.
Located at 1838 Oleander St, this three-bedroom four-bathroom home with over 3,000 square feet is listed at $1,344,900. This Thoughtfully Designed West Indies Coastal-inspired home by The Vision Group Builders is ideally situated in one of Sarasota’s most sought-after West of Trail neighborhoods, Poinsettia Park.
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.
While the luxury single family home market ($1M+ homes) is more of a buyer’s market in Sarasota County this year than last, it is improving for sellers in Manatee County. 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.