In this video Ryan offers a comprehensive analysis of the 2023 and a forecast for 2024 real estate market on Florida’s Gulf Coast, specifically focusing on Sarasota and Manatee counties. Ryan notes a stable market with single-family home transactions and median sale prices both showing a modest 1% increase year-over-year, indicating a generally flat trend compared to 2022. However, he highlights significant shifts in the market dynamics, such as a decrease in the percentage of list price received, an increase in the median time to contract, and a considerable rise in current inventory levels. Ryan also touches on the condo and townhome market, pointing out challenges like increased insurance costs and HOA fees, and discusses the negligible impact of distressed properties in the area.
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At Zachos Realty & Design Group, we are not just Realtors but storytellers of the Gulf Coast’s charm, encompassing Sarasota (Venice, etc.), Manatee (Lakewood Ranch, etc.), Pinellas, and Charlotte Counties!
Our services go beyond traditional real estate; we’re a network of experts and specialists in multiple services. We are buyer/relocation specialists, neighborhood experts, offering unparalleled seller representation, property management, and interior design. Our collaboration with renowned names like HGTV, DIY, and Good Housekeeping highlights our commitment to excellence and innovation in the real estate world.
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from Gulf Coast Florida Real Estate https://www.youtube.com/watch?v=FBILuPcA2lA
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