Home sales continue to cool Sarasota-Bradenton leads the state with 44 percent decline
The slowdown in residential real estate sales took a firm hold on the region and state during the first quarter.
Sales of existing single-family homes dropped 44 percent during the quarter in the Sarasota-Bradenton market, while those sales dropped 22 percent in the Charlotte County-North Port market.
The decrease in the Sarasota-Bradenton market -- from 3,210 homes to 1,800 in the most recent quarter -- was the largest in terms of a percentage in the state.
Read the rest of the article here: http://www.sarasotaherald.com/apps/pbcs.dll/article?AID=/20060516/BUSINESS/605160703
The market is picking up a little bit. Two of my clients put properties under contract last week and have another client thinking of purchasing a unit in The Orchid Beach Club.
Over the last 6 months or so buyers have been cautious because of the changing market. They have been doing their research and looking at properties but were not in a rush to do anything. I think they were waiting to see what the market was going to do. Looking at my office's activity and my activity it looks like people are starting to jump back into the market. Most of them are end uers and not investors, which is a healthy thing.
Sales of existing single-family homes dropped 44 percent during the quarter in the Sarasota-Bradenton market, while those sales dropped 22 percent in the Charlotte County-North Port market.
The decrease in the Sarasota-Bradenton market -- from 3,210 homes to 1,800 in the most recent quarter -- was the largest in terms of a percentage in the state.
Read the rest of the article here: http://www.sarasotaherald.com/apps/pbcs.dll/article?AID=/20060516/BUSINESS/605160703
The market is picking up a little bit. Two of my clients put properties under contract last week and have another client thinking of purchasing a unit in The Orchid Beach Club.
Over the last 6 months or so buyers have been cautious because of the changing market. They have been doing their research and looking at properties but were not in a rush to do anything. I think they were waiting to see what the market was going to do. Looking at my office's activity and my activity it looks like people are starting to jump back into the market. Most of them are end uers and not investors, which is a healthy thing.
posted by Marc Rasmussen at
5:24 AM
1 Comments:
Normal Market -
In a normal market, there is fairly a large number of homes available and an average number of buyers. This market does not necessarily favor the buyer or the seller. A seller may not have as many offers on their home, but he or she may not be desperate to sell either. Again, it is the buyer's responsibility to be prepared. During a normal market, the chances to negotiate are higher than in a hot market. As a buyer, you can expect to make offers at lower than the asking price and negotiate a price at least somewhat less than what the sellers are asking. La Jolla, Real Estate, Homes, Condos.
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