Sarasota real estate market optimists claim sales numbers point to “seller’s market,” while realists point out troubling markers. YES, sales remained strong in November. YES, median sales price of single family homes increased in November. Indeed, Sarasota faces an obvious contradiction of basic “supply-demand” economics. If there’s demand for Sarasota-Bradenton real estate, why are prices [...]
Sarasota, FL, real estate market continues rebounding off historic lows, increasing sales & median price while quickly burning off excess inventory. Good news is that Sarasota did not make Fiserv’s “Worst Markets” report. Bad news is that Sarasota did not make Fiserv’s “Best Markets” report either. Fiserv, a financial analytics company, released its latest report [...]
Sarasota real estate market in September steadily improves with continued strong sales and a stabilizing median sales price! More good news…. We love and NEED some good news! September sales activity gives good reason to be optimistic. Before you fly out of your chair to celebrate, please listen carefully: we still have a distressed market [...]
Sarasota house hunters and sellers mistakenly rely on Zillow – and other “big box” web portals – to provide accurate LOCAL real estate market information. Zillow and County property tax records have become the source of confusion…SCORN…and anger. It’s misleading property valuations that unintentionally mislead property owners. Recently, I met with one informed property owner [...]
Sarasota real estate market records strong August sales, STILL held back by strong shadow inventory & home home value declines. Sales are up, but values are down. Sales areĀ good, but short sales are bad…. Fewer houses for sale, but more people upside down. Lower inventory is good, but negative equity is bad…. Lots of [...]