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.
October marked the first month of the year in the Sarasota Real Estate Market in which most of the data reflected a moderation in activity. There were still plenty of areas to celebrate the region’s continued growth, so as our peak selling season gets underway, I believe the market is well positioned for improved sales, prices and more balanced inventory conditions.
The stream of international buyers coming into The Sarasota Real Estate Market, demand from states facing harsh tax environments, and the large number of baby-boomers beginning their search for retirement properties, all lead to confidence in the Sarasota Real Estate Market’s potential to keep expanding.
This spectacular Sarasota Bay front residence on Longboat Key that radiates with extraordinary beauty and design details has sold for $3,000,000.00. The gracious manse of almost 5,000 square feet includes four en-suite bedrooms with both first and second story master bedrooms, Large outdoor verandas on both the first and second living levels of the home provide many spots from which to enjoy the panoramic splendor of the surrounding scenery. Congratulations to my selling client and may the new owners enjoy many wonderful years and memories in this beautiful residence.
The Sarasota Real Estate Market is on track for another healthy selling season, and heavily favoring sellers. There are ample ready, willing and able buyers seeking properties, but we need an improved pace of new listings to continue to meet demand.
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