The Roller Coaster is slowing down.....

By
Real Estate Agent with J Wood Realty BK3105105

 

 

Roller Coasters aren't just rides at the amusement park! The real estate market has been one filled with the highest peaks and the lowest dips for the last 10 years and has finally begun to even out. Here in the Sarasota market we are beginning to see stabilization but the market is still difficult to navigate.

Riding the Trillion Dollar Roller Coaster   is an interesting take on today's market but not one that I totally agree with.

 

We were one of the first cities in Florida to accelerate to the unbelievably high prices that could go nowhere but down and are now one of the first ciites to see daylight. Inventory is very tight and even with the large number of bank-owned and short sale homes on the market, the buyers are seeing the bottom of the dip and are anxious to enter the market before the great deals are gone. Sales in single family homes were up by 142 and condos by 78 from last year at this time. Pending sales are up by 16% and the inventory has dropped almost 20 percent below last years mark. The short sale and bank-owned properties are not as large a percentage of homes on the market and although they continue to become available they are no longer overwhelming in number.

What does this mean to you if you are a prospective home or condo buyer? You need to start looking for the particular home you are interested in buying and do it soon. Mortgage rates are at an all-time low and we are beginning the slow recovery that will once again make your house an asset, not a liability. So, jump on the not so exciting roller coaster of today and make an investment in your future.

Posted by

 Looking for a great real estate agent in the Sarasota area?   click here! 

Marnie Matarese |Broker Associate | GRI|RSPS|SRES | J Wood Realty  

 

C: 941-809-8099 | O: 941-922-7600

5 Star Agent: Best in overall client satisfaction 2008 - 2012

m@agentmarnie.com     

 

330 South Pineapple Avenue #113

Sarasota, Florida 34236

 

  

          

 

 

 

 

 

 

 

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Tags:
time to buy
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Rainer
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Cheryl Eskridge
Eskridge Real Estate - Eagle River, WI
ABR, CRS, GRI, PMN, Broker, Licensed in WI & TX

Great analogy of the roller coaster and real estate. Thanks for the great thoughts.

Oct 10, 2012 05:57 AM #1
Rainmaker
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Frank Laisch
Stewart Title Company - Tampa, FL
"The Insurance Guy"

Marnie, it seems like this ride keeps starting & stopping... interesting ride!

Oct 10, 2012 07:30 AM #2
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Rainmaker
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Marnie Matarese

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