Homes are selling and prices are continuing to rise! We listed this home for sale in River Strand last week, and had it under contract in 2 days! Even better, we would have received another offer the following day. If homes for sale in River Strand are any indication, the market is definitely looking up. In fact, we had listed another home right across the street from this one a couple of weeks ago, and that home sold too!
My sense is that the 2012 season for prospective homebuyers in the Sarasota and Bradenton area will greatly improve from the same time last year. If new home sales are any indication, the builders will be leading the charge. New communities are popping up everywhere. In fact, builders are now competing with each other for skilled labor--the shortage of labor is causing new home prices to go up. Of course, increasing prices will cause more sellers to put their homes on the market. It is still a buyer's market, but the pendulum is definitely starting swing in favor of sellers.
Right now, buyers are scrambling to snatch up available home opportunities. There are still fabulous home opportunities, but they are harder to find and at a higher price. Hopefully we will continue to see a sustainable increase in prices indicative of a healthy market. Only time will tell, but early indications are that the market is returning. This is great news for sellers...buyers, get off the fence!
DESTINATION REALTY GROUP
Robert Casella, CLHMS - Licensed Realtor
Certified Luxury Home Specialist