Sarasota, Florida Housing Bubble - Should I Buy? 

With the market rising so much, the question everyone is asking is… have I missed my opportunity to buy? When there was a housing bubble in Florida. In this blog, I’m going to give you some of my thoughts on the answer to that question. 

I recently had a conversation with a friend who is looking at purchasing a piece of land. They were concerned about the rising prices and if they should wait 2, 3, 4 years to buy, in hopes that the would come down. Ultimately, could the market come down in 2, 3, 4 years? Yes, maybe, but I don’t have a crystal ball! 

But I think if you can afford it now, you have to look at the opportunity cost it will take in order to wait 2-4 years. I mean no one is getting any…

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Florida Housing Market Shift – Two Signs to Watch For

In this blog, I wanted to cover what signs to look for in a housing market shift. Are we supposed to anticipate another 2008 in terms of a housing crash? Keep reading to find out more. 

 Why is Florida housing so expensive?

Let’s jump right to it! First, let’s touch on 2008. 2008 was a finance and lending crisis. During this time, there were not nearly as many lending and financing restrictions as there are today. 

People were flipping houses and putting little to no money down to do so. Well, then the recession hit, and these people didn’t have any equity in their homes… so they got foreclosed on. And Boom!! Instant overnight housing crash.  

 

So, fast forward 12 years and we get…

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Houses for Sale in Sarasota

 

This blog is going to talk about the most expensive Sarasota home sales of 2022. 

We all know prices have been rising, and our Sarasota market has increased by 57% since the start of COVID.  Our Sarasota market is high, which means prices are high, which means these luxury home sales are high. 

So, what IS considered luxury in Sarasota? Typically hitting the $1m mark was often considered luxury, but with the market increase, we have a lot of homes, including new construction community sales, hitting this price point. While many of these $1m price point homes are still stunning luxury homes in grand communities, the luxury market overall is trending itself up to a higher price point. Let’s look at the top 5…

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