My New Blog

May statistics are complete for the Sarasota Association of Realtors MLS.  Residential sales are up in terms of volume (sales $) and units (# of homes sold) versus year ago.  Additionally, for Longboat Key, sales are the highest they have been in 3 years!  Regarding University Park, inventory is down by approximately 25%.  Sale prices are still declining across the board.  However, it is not unusual now to have multiple offers on the 1-2 houses that are the best buys in the neighborhood.  Mortgage rates are still low.  Therefore, NOW IS THE TIME TO BUY!

For sellers, things are looking up since buyers are slowly coming back into the market.  However, it is still a "buyers market".  Therefore, the homes that are selling: 1) are priced right, meaning at or below market value,  2) are in the best locations (For example, with 2 similar homes in the same neighbor, the one with the great view is purchased over the one without much view.)  3) have great curb appeal (With many homes to choose from, only a few representative homes are chosen.  Ones with curb appeal are shown.  The others are not.), and 4) many times have been updated, especially in the kitchen and baths.