During this pandemic, people regularly put on a concerned face and ask how the real estate market is doing. But I’m happy to remind them of the old expression, “There is opportunity in every crisis,” and apparently a number of buyers and sellers are aware of that on the Suncoast.
Real Estate on the Suncoast
If I were to ask you, “How many properties would you think have ‘gone under agreement’ in the first two weeks of May,” you may guess a dozen, right?
The fact is, in Sarasota County, there have been 555 properties heading toward a sale–including 22 homes over a million dollars. (The highest is $4.7 million on Casey Key.)
As for Manatee County—same story: In the first two weeks of May, 431 homes under agreement—including 11 over a million dollars. (The highest is $5.5 million on Anna Maria Island.)
Personally, since the pandemic began in mid-March, I have listed four properties. I sold one and am on the verge of listing a fifth. And talk about a wide range! One is a 2 bedroom/2.5-bathroom townhouse on the southern rim of Downtown Sarasota and adjacent to the Hudson Bayou.
Another is a beautiful 3/2 home with big trees and large yards along the fairway of the IMG golf academy course in Bradenton. Readers of the Bradenton Herald voted it the #1 golf community in Manatee County last year!
There has been an influx of northeasterners using this opportunity to relocate to our region. High-taxes and bad weather are usually two big reasons.
So between watching Netflix and organizing your sock drawer again, don’t miss out on the chance to upgrade or downgrade your current home. You wouldn’t be the only one taking advantage of this unique juncture.
If you want any information about the properties mentioned in Ray’s column or have any other real estate questions, write to Ray.Collins@FloridaMoves.com. Check out his website and his unique video marketing campaigns at raycollins.cbintouch.com. Ray’s columns appear every other week exclusively in the Suncoast Post.
Photos from Ray Collins. Top photo is Bradenton home.