The market distortion is only going to get worse. It’s the continual devaluation of the dollar that will enable permanent price increases. The rich will continue to eat up inventory as most average buyers will no longer be able to afford a home. One more storm and most will loose insurance.
Was curious of your thoughts on some of the older 55+ in Sarasota and Manatee. Places like Glen Oaks and Desoto Square. Both seem to have some big dips in prices.
I think the condo market is going to drop in price rather severely. The unknown alone will keep people away from condo’s. I have seen HOA’s double plus accessments on top of that.
There's a lot of shadow inventory in the Sarasota Metro area. With not being homesteaded to cap property tax increases, rising insurance, HOA's, CDD's Air Conditioner running 24/7 in empty homes off season, people are bailing while they can still cash in with high prices. Many are just having a hard time justifying the rising costs of a second non essential home.
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It took 95 days for our home in central Sarasota to go pending. We close tomorrow, as we get ready to move to NC.
Good move. Better long term play
If it's taking 5 months to sell a house, your asking price is too high.
At these prices I'm surprised that anyone still moves to Florida.
For NYers or CA folks it’s not expensive ….their real estate prices are far more expensive
They are building too many homes in Southern Sarasota county..Northport Wellen Park etc..
The market distortion is only going to get worse. It’s the continual devaluation of the dollar that will enable permanent price increases. The rich will continue to eat up inventory as most average buyers will no longer be able to afford a home. One more storm and most will loose insurance.
Hi Katrin! You rock 💯 Best realtor in the marketplace without a doubt. Thank you 😊 🙏🏻
Hi Cody, good seeing you on here! Thank you for your very kind words! Looking forward to seeing your home come alive.
Was curious of your thoughts on some of the older 55+ in Sarasota and Manatee. Places like Glen Oaks and Desoto Square. Both seem to have some big dips in prices.
Very nice explanations Katrin! 👍 👍
I think the condo market is going to drop in price rather severely. The unknown alone will keep people away from condo’s. I have seen HOA’s double plus accessments on top of that.
I agree with older condos (3 plus stories).
There's a lot of shadow inventory in the Sarasota Metro area. With not being homesteaded to cap property tax increases, rising insurance, HOA's, CDD's Air Conditioner running 24/7 in empty homes off season, people are bailing while they can still cash in with high prices. Many are just having a hard time justifying the rising costs of a second non essential home.
Sarasota house way too expensive
More expensive with no HOA
All the PPP (free money) cash is gone, today you have to use your own money, not taxpayers to buy that condo on the beach.
If your home is sitting on the market for more than 30 days, it is way OVER PRICED.