It's a Great Time to Be a Buyer!

Have you been considering a relocation to Sarasota, Florida? Or perhaps just getting a place to enjoy during the winter? Well, who could blame you? We are one of the Top 20 Places to Live, after all. If this sounds like you, now is the time! Sarasota buyers are enjoying an advantageous environment in real estate for the first time in many years. Here are some reasons why NOW may be the time to say “Yes!” to Sarasota.

Why It’s Beautiful to be a Sarasota Buyer in 2019

There are so many options.

Summer is the slowest time for resale home inventory in our area, but while we have dipped slightly in inventory for the year, (just over 4500 homes listed as of writing this), we are up 10% from this time in 2016 and up 3% from last year. That said, resale homes are far from the only option available to buyers right now. Building and developing has seen a sharp increase in recent years, and everything from affordable apartments to gated-community single family homes to ultra-lux condos are going up all over the place. If you don’t want the hassle of an older home, there are more than enough NEW options out there to satisfy any buyer at most price points.

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Sellers are more realistic.

You can’t blame them really; they’ve been living in a glorious Seller’s Market for years, so it’s understandable it took sellers a while to adjust to this new climate in home sales. But as the number of days on market increases, sellers are forced to reconcile to the new truth: buyers have the advantage now and they either need to price to sell or prepare to wait.

“Far Away” has become close again.

Lorraine Blvd has connected from State Road 64 in Bradenton through Lakewood Ranch and Sarasota all the way down to Clark Rd (with a very tiny exception from Palmer Blvd to Fruitville that is easily worked around), bridging the eastern portions of both Sarasota and Manatee County for the first time ever. Lakewood Ranch Blvd is set to extend south to Fruitville Road. Even east-to-west our connectivity is smoother than ever, bringing previously isolated-feeling neighborhoods much more a part of the Greater Sarasota area. The areas south of Clark Rd., east of I-75, and Lakewood Ranch are all now booming with their own shopping, restaurants, and are easily navigable to the rest of town. As a result, the expanse of great options has only grown. And grown. And grown.

What’s Next?

I for one am very excited at the growth of Sarasota, which brings diversity in options to our area’s buyer population. If you are interested in purchasing a Sarasota home and would like assistance in finding the right place for you in our growing city, I would love to be of help. Give me a call today if I can assist you. Now is the time — now is the market. All we’re waiting for is you!