Nobody is Buying in Florida
Untrue!
The Sarasota MLS shows that there are:
733 single family homes under contract
311 condominiums under contract
Contrarian: An investor who buys a category when most others are selling and sells when others are buying. A contrarian doesn’t chase what is hot, but is often buying a category that has recently underperformed.
If you need help buying or selling please contact me at 941-812-6272.
The Sarasota MLS shows that there are:
733 single family homes under contract
311 condominiums under contract
Contrarian: An investor who buys a category when most others are selling and sells when others are buying. A contrarian doesn’t chase what is hot, but is often buying a category that has recently underperformed.
If you need help buying or selling please contact me at 941-812-6272.
Labels: Florida news, Sarasota real estate news
posted by Marc Rasmussen at
11:30 AM
3 Comments:
Those that are buying have cash (and not much debt) and/or are paying in euros.
The current economic backdrop is increasingly depressed. As crazy as it is to call for further weakness in light of what has already occurred in the local RE market, this situation could very well get worse before it gets better.
The tide will turn at some point, for sure, and things will get better economically. But prices will have to come down even further in order for a significant turn in the local market.
Just my opinion.
ToddinFL
I agree and disagree. The investor heavy areas will see further price drops. I feel the better locations and properties have bottomed out and we will scrape along that bottom for some time until the market balances out.
Absolutely true. This is to me the most beautiful place in Florida. I love Sarasota and the keys Siesta, Anna Marie and of course longboat. What a place to own property. Wheather a condo or house a great investment and beautiful place to retire.
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