In 2007, it was sellers who stubbornly held onto their asking price. Now it could be that buyers who wait for the great shadow inventory fall out will find themselves empty handed in Sarasota, Siesta Key and the Surrounding area.
Real Estate is local. So local in fact that a near beach property in Englewood will fetch about half the dollars of its counterpart in Sarasota , Siesta Key and surrounding area.
Property bargain hunters who pitch low offers at sellers and continue to hold on to the national statistics will probably be priced out of the market by this time next year.
The inventory of distressed sales in Sarasota, Siesta Key and surrounding areas has only risen 3 percent in the past 12 months; nowhere near the numbers predicted by the general national reports.
Sarasota, Siesta Key and surrounding area is a naturally affluent local and has multiple extraordinary beaches and an international population, all factors that are likely to be contributing to the low number of distressed property sales.
In fact, since the start of October, only 273 new listings have come on the market while 255 listings have gone under contract. Numbers like this show that there is not only equilibrium between sellers and buyers, but also stability in prices across the board. Stabilization has been noted in the under $300,000 properties, and the numbers continue to creep upwards.
It is still the under $200,000 that are fastest bulk movers, but properties in all price points continue to sell.
The Bottom Line is – If you see it, like it, want it and can afford it, but it now!!
Investors, Listen up: now is the best time in years to consider buying rental real estate in the Sarasota, Siesta Key, and surrounding areas. According to numerous national real estate experts, including the Today Show’s experts, Sarasota, Siesta Key and surrounding area is the number 1 “best value” location to purchase property right now. The [...]
In 2007, it was sellers who stubbornly held onto their asking price. Now it could be that buyers who wait for the great shadow inventory fall out will find themselves empty handed in Sarasota, Siesta Key and the Surrounding area. Real Estate is local. So local in fact that a near beach property in Englewood [...]
Dr. Beach – America’s Foremost Beach Expert Picked “Siesta Key Beach “ As The Best Beach In America # 1 11/09-10/2011 Penguin Island Exhibit at Mote Aquarium – Runs into December – check with Mote Marine for specific dates. 11/10-14/2011 2nd Annual Siesta Key Crystal Classic Master Sand sculpturing competition. Be sure and visit the [...]