Bradenton - Sarasota Home Sales Up 5%
From today’s Bradenton Herald…
“In February, the consumer appetite for buying single-family homes and condos in the Bradenton-Sarasota market rose 5 percent from a year earlier.
“While that may sound like only a modest gain, Bradenton-Sarasota outperformed every other market in Florida, except one. Statewide, the sales of existing homes were down 23 percent, according to the Florida Association of Realtors.
“Only Panama City, where sales were up 21 percent, outperformed Bradenton-Sarasota.Statewide, sale prices continued to slide from precipitous heights a year ago.
“The median price of a single-family home in Bradenton-Sarasota fell 9 percent compared to last year, resting at $294,500.
“That said, many market observers were saying the market has gone as low as it is going to, and now is a time to buy.
“If you’re thinking of buying a house, there’s probably not much to be gained by holding out at this point,” said Wayne Archer, director of the University of Florida’s Bergstrom Center for Real Estate Studies. “It doesn’t look like prices are going to fall anymore.”
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We have certainly noticed more buyers in the market since the beginning of the year. We have sold 25 homes this year!! Perhaps this is the beginning of stabilization in our Bradenton - Sarasota market.
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Bradenton Real Estate
Bradenton Real Estate
