The market distortion is only going to get worse. It’s the continual devaluation of the dollar that will enable permanent price increases. The rich will continue to eat up inventory as most average buyers will no longer be able to afford a home. One more storm and most will loose insurance.
I think the condo market is going to drop in price rather severely. The unknown alone will keep people away from condo’s. I have seen HOA’s double plus accessments on top of that.
There's a lot of shadow inventory in the Sarasota Metro area. With not being homesteaded to cap property tax increases, rising insurance, HOA's, CDD's Air Conditioner running 24/7 in empty homes off season, people are bailing while they can still cash in with high prices. Many are just having a hard time justifying the rising costs of a second non essential home.
Was curious of your thoughts on some of the older 55+ in Sarasota and Manatee. Places like Glen Oaks and Desoto Square. Both seem to have some big dips in prices.
If you make less than 180 thousand a year you are wasting your opportunity to move to Florida. You will spend all your money on property taxes,insurance, food it’s actually a nightmare. You might be able to survive but you will have nothing to save for your future
![The Real PROS and CONS of Living in Sarasota Florida [2024] / Honest Feedback](http://i.ytimg.com/vi/puXvQFveihg/mqdefault.jpg)
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It took 95 days for our home in central Sarasota to go pending. We close tomorrow, as we get ready to move to NC.
Good move. Better long term play
At these prices I'm surprised that anyone still moves to Florida.
For NYers or CA folks it’s not expensive ….their real estate prices are far more expensive
They are building too many homes in Southern Sarasota county..Northport Wellen Park etc..
If it's taking 5 months to sell a house, your asking price is too high.
The market distortion is only going to get worse. It’s the continual devaluation of the dollar that will enable permanent price increases. The rich will continue to eat up inventory as most average buyers will no longer be able to afford a home. One more storm and most will loose insurance.
Hi Katrin! You rock 💯 Best realtor in the marketplace without a doubt. Thank you 😊 🙏🏻
Hi Cody, good seeing you on here! Thank you for your very kind words! Looking forward to seeing your home come alive.
Oh, prices might not be officially dropping a lot, but the reality is closings are way way down. The prices will follow.
I think the condo market is going to drop in price rather severely. The unknown alone will keep people away from condo’s. I have seen HOA’s double plus accessments on top of that.
I agree with older condos (3 plus stories).
Very nice explanations Katrin! 👍 👍
There's a lot of shadow inventory in the Sarasota Metro area. With not being homesteaded to cap property tax increases, rising insurance, HOA's, CDD's Air Conditioner running 24/7 in empty homes off season, people are bailing while they can still cash in with high prices. Many are just having a hard time justifying the rising costs of a second non essential home.
Sarasota house way too expensive
More expensive with no HOA
Was curious of your thoughts on some of the older 55+ in Sarasota and Manatee. Places like Glen Oaks and Desoto Square. Both seem to have some big dips in prices.
If you make less than 180 thousand a year you are wasting your opportunity to move to Florida. You will spend all your money on property taxes,insurance, food it’s actually a nightmare. You might be able to survive but you will have nothing to save for your future
If your home is sitting on the market for more than 30 days, it is way OVER PRICED.
All the PPP (free money) cash is gone, today you have to use your own money, not taxpayers to buy that condo on the beach.