{"id":526,"date":"2018-08-02T11:40:13","date_gmt":"2018-08-02T15:40:13","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=526"},"modified":"2018-08-02T18:21:41","modified_gmt":"2018-08-02T22:21:41","slug":"local-condo-townhome-market-update-by-price-point","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/08\/02\/local-condo-townhome-market-update-by-price-point\/","title":{"rendered":"Local Condo &#038; Townhome Market Update by Price Point"},"content":{"rendered":"<p>The Sarasota and Manatee county markets for condos &amp; townhomes are currently moving in lockstep. Both markets are Seller\u2019s markets for condos &amp; townhomes priced below $400,000, Balanced markets for condos &amp; townhomes priced between $400,000 and $600,000, and Buyer\u2019s markets above $600,000.<\/p>\n<p><!--more--><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-527\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/luxurycondojuly-1024x683.jpg\" alt=\"\" width=\"525\" height=\"350\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/luxurycondojuly-1024x683.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/luxurycondojuly-300x200.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/luxurycondojuly-768x512.jpg 768w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p>Markets are generally considered in \u201cbalance\u201d when there is about six months of inventory for sale at the current pace of sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations. When the table shows a \u201cbuyer\u2019s market,\u201d it means there is more than seven months of inventory in the market. In that situation, buyers should have at least some level of negotiating power in condo and townhome purchases. The table below shows a snapshot for market conditions in both counties.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-529\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/condosnapjuly-1024x404.png\" alt=\"\" width=\"525\" height=\"207\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/condosnapjuly-1024x404.png 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/condosnapjuly-300x118.png 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/condosnapjuly-768x303.png 768w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/08\/condosnapjuly.png 1227w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p>When I look at the top end of the market, or condos &amp; townhomes above $1M, Manatee County is actually a better market for Sellers than Sarasota County for the first time this year. The Manatee County luxury condo &amp; townhome market ($1M+) is actually balanced.<\/p>\n<p>If you want more specific details for your condo or townhome, or if you are looking for information on potential places to move, just let me know.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sarasota and Manatee county markets for condos &amp; townhomes are currently moving in lockstep. Both markets are Seller\u2019s markets for condos &amp; townhomes priced below $400,000, Balanced markets for condos &amp; townhomes priced between $400,000 and $600,000, and Buyer\u2019s markets above $600,000.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,26,1],"tags":[7,23,22,12,13,9,24,16,15,20,36,19,6,17],"class_list":["post-526","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-selling","category-real-estate","tag-bradenton","tag-condominiums","tag-condos","tag-home-buying","tag-home-selling","tag-lakewood-ranch","tag-luxury-condos","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-real-estate-investing","tag-realtor","tag-sarasota","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/526","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=526"}],"version-history":[{"count":4,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/526\/revisions"}],"predecessor-version":[{"id":532,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/526\/revisions\/532"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}