The Sarasota Real Estate Market has been inching toward a buyer’s market, but conditions are currently neither strongly favoring either buyer’s or seller’s sides. With low interest rates, strong consumer confidence, steady flow of traffic from “tax-refugee” buyers, increased inventory and active new construction, conditions are favorable for The Sarasota Real Estate Market.
I remain bullish on the Sarasota Real Estate Market. With the flow of “tax refugee” relocations expected to continue, excellent economic conditions – including the longest stretch of mortgage rates below 5% in more than 60 years, as well as significant strength in our condominium and home building regionally, there is plenty of supporting evidence that our market balance and steady conditions suggest a sustainable environment.
Congratulations to my buyers, who will certainly enjoy quiet stylish living and dazzling entertaining in this spectacular residence in Harbor Acres in the heart of Sarasota! Sold for $2,825,000.
The Sarasota Real Estate Market experienced a solid increase in sales activity in May when compared to prior year. Total sales volume grew 26.3% and prices also had above average appreciation.
The Sarasota Real Estate Market will continue to remain robust, albeit it with sales fluctuations dependent on new homes and condominium projects coming to market. With several new communities nearing completion we will see a wave of closings boost our sales in the months to come.
Sarasota Real Estate Market’s February sales and inventory activity brought us closer to an equalized condition, in which neither buyers or sellers are in an advantageous position.
SOLD! My client’s beautifully renovated Longboat Key waterfront condominium has closed for $925,000. The corner unit with 2,250sf has sweeping views of Sarasota Bay and the Gulf of Mexico. To learn about other residences available in this wonderful development call me! 941.928.3559
For a second month, the Sarasota Real Estate Market had a dip in sales. Prices and inventory saw appreciable gains indicating a healthy overall market. I continue to be optimistic that our peak selling season will show our stabilized market can maintain good momentum.
The Sarasota Real Estate Market saw sales decline in December – though there were several unique factors that influenced the volume of closings for the month. Check out my report to learn more.
My client’s Longboat Key Gulf Front en Provence residence with the most dramatic and enchanting water views has SOLD! My clients love this development so much they are moving to another condo there! SOLD for $3,362,500.
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Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228
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michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228