Similar to reports from across the nation, housing is truly driving the economy forward in Sarasota. With so many buyers looking for residences to purchase and so few for sale right now, there’s a big disconnect between supply and demand.
While buyer activity has been surging this past month, the number of listings has fallen to an all-time low. I have not seen such low inventory in our area in many years.
When priced appropriately, properties are selling within days of our listing them for sale. Take a look below at four of my latest listings – all went under contract within days!
If you’re thinking of selling, there’s no better time to sell than when demand for it is high and supply is low. It is exactly at that time when you will negotiate your best possible deal.
MARKET SUMMARY – SINGLE FAMILY HOMES – LONGBOAT KEY Click here for full report.
CONDOMINIUMS / TOWNHOMES – LONGBOAT KEY Click here for full report.
CONDOMINIUMS – DOWNTOWN SARASOTA Click here for full report.
If you’re ready to sell your residence, let’s connect today. Buyers are interested and they may be looking for a property just like yours. Call me if you are interested in purchasing or selling your residence.
Bruce Myer – Over $35m in Sold & Pending 2020
News Briefs
Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today.
Another residential tower could be coming to the Quay Sarasota site along the bayfront. Bayso, an 18-story, 150-unit building slated for the south end of the property at U.S. 41 and Fruitville Road will offer residences in the size range from 1,600 to 4,000 square feet, with prices starting at $800,000.
