{"id":504,"date":"2018-07-26T07:00:16","date_gmt":"2018-07-26T11:00:16","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=504"},"modified":"2018-07-25T22:11:10","modified_gmt":"2018-07-26T02:11:10","slug":"it-is-a-great-time-to-buy-a-luxury-home","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/07\/26\/it-is-a-great-time-to-buy-a-luxury-home\/","title":{"rendered":"It is a Great Time to Buy a Luxury Home!"},"content":{"rendered":"<p>Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer\u2019s market in both Manatee and Sarasota counties. Markets are generally considered in \u201cbalance\u201d 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.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-505\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/07\/interior-luxury-sfh-july-1024x683.jpg\" alt=\"The luxury single family home market in Sarasota and Manatee is a buyer's market\" width=\"525\" height=\"350\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/07\/interior-luxury-sfh-july-1024x683.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/07\/interior-luxury-sfh-july-300x200.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/07\/interior-luxury-sfh-july-768x512.jpg 768w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><br \/>\n<!--more--><\/p>\n<h2>Manatee County<\/h2>\n<p>In Manatee, there are almost 13% fewer luxury homes on the market this year than there was last year at this time. Also, over 14% more luxury homes are selling each month then they were last year. You put those two facts together, and you have inventory reduced from 14 months of sales last year to 11 months of sales this year. It is a significant improvement, but it still significantly higher than the six months of inventory required to be in balance. The video below illustrates the points above.<\/p>\n<p><iframe loading=\"lazy\" title=\"Luxury Single Family Home Market Update for Manatee County\" src=\"https:\/\/player.vimeo.com\/video\/281730185?dnt=1&amp;app_id=122963\" width=\"580\" height=\"326\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe><\/p>\n<h2>Sarasota County<\/h2>\n<p>In Sarasota, there are 11% fewer luxury homes on the market this year than there was last year at this time. Also, 35% more luxury homes are selling each month then they were last year. You put those two facts together, and you have inventory reduced from 17 months of sales last year to 11 months of sales this year. Again, it is a major improvement, but it still significantly higher than the six months of inventory required to be in balance. The video below illustrates the points above.<\/p>\n<p><iframe loading=\"lazy\" title=\"Luxury Single Family Home Update for Sarasota County\" src=\"https:\/\/player.vimeo.com\/video\/281730446?dnt=1&amp;app_id=122963\" width=\"580\" height=\"326\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe><\/p>\n<p>The bottom line is that it remains a very good time to buy a luxury single family home in our area. If you are in the market to sell, you must ensure you position your property to stand out from the competition or there is a very good chance that you will be listing it for more than a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer\u2019s market in both Manatee and Sarasota counties. Markets are generally considered in \u201cbalance\u201d when there is about six months of inventory for sale at the current pace of home sales. When the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,26,21,1],"tags":[7,12,13,9,25,16,15,20,19,6,17],"class_list":["post-504","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-selling","category-luxury-homes","category-real-estate","tag-bradenton","tag-home-buying","tag-home-selling","tag-lakewood-ranch","tag-luxury-real-estate","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=504"}],"version-history":[{"count":3,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/504\/revisions"}],"predecessor-version":[{"id":508,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/504\/revisions\/508"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}