Real Estate Market Update | Sarasota FL | David Barr Broker

I recently put out some statistics for the Sarasota real estate market.  From real world experiences, I can tell you that the stats are somewhat misleading.

I believe that prices, and the dollar volume of sold properties, is flat versus last year is because listing agents are overpricing homes for sale.

Working with two sets of out of town home buyers over the past two weeks illustrates what's happening in the real world. In both cases, the buyers made offers on homes that had a recent, significant price reduction, one in Lakewood Ranch and another in Sarasota. 


Sarasota real estate buyers agent


In both cases, the buyers were in multiple offer situations, after the homes had sat on the market for weeks.

We are past income tax season, and with many of our area's home buyers coming from out of state and selling their homes up north, our local real estate market is experiencing a high level of home buyer activity.

One piece of good news, particularly for home owners in Lakewood Ranch, is that the new home builders are not producing a large number of quick move-in homes right now.  Priced correctly, your resale home will look much more attractive to potential buyers.

Contact me for expert buyer's agent services, or if you are ready to list your home for sale.


Location: Sarasota, FL, USA

Comments

Post a Comment

Popular posts from this blog

Real Estate Advertising Online

The Facebook IPO got me thinking about their future, and how it will affect Google and online advertising as a whole. I don't get Facebook mania.  In my opinion, there's a lot better things to do in life.  GM recently cancelled plans to spend $10 million to advertise on Facebook because they got disappointing results.  I can't see Facebook users clicking on ads when they are chatting with friends or playing games. Does anyone feel like social marketing is being shoved down our throats?  Advertising on Facebook and Twitter has yet to produce impressive results for most companies.  However, social media does play a meaningful role, in my opinion, in driving traffic to a website. Here is a fascinating graphic comparison of advertising on Facebook versus Google, which you can read here:  http://bit.ly/JHJ5LR So why am I blogging about this? As much as many in the real estate industry in Sarasota want to deny it, the days of Open Houses, magazine ads, and newspaper cl
Read more

New Sarasota County Flood Maps

Image
Sarasota County has come out with new flood zone maps that have everyone talking. Take a look at how the new preliminary flood zones affect the South Venice area: South Venice FL flood map The darker green shows the existing FEMA AE zone, and the lighter green shade shows the preliminary changes to the 2016 AE flood zone. If your home was re-zoned into a high risk area, there are steps you can take to mitigate flood insurance costs. Take a look at Sarasota County's new flood zone mapping tool:   http://ags2.scgov.net/sarcoflood Please visit my website  to learn more about flood insurance in Venice.
Read more

Distance to the Beach | Palmer Ranch | Sarasota FL

Image
Are there homes in Palmer Ranch the same distance to a beach, as a home located east of I-75?  Yes, they do exist.  You'll be surprised to know that both Toscana Isles and Willow Chase are almost the exact same distance to Nokomis Beach . Palmer Ranch to Siesta Key beach: 7.3 miles Toscana Isles to Nokomis Beach: 7.1 miles Take the estimated travel times by Google with a grain of salt.  If you've ever tried to get to Siesta Key beach in season, the travel time from Tamimi Trail over Stickney Point Bridge can take up to 30 minutes. Contact me for expert local market knowledge to help you select a home with the features and lifestyle that matter to you.
Read more