Extreme buyers market, this too is coming to an end

As a buyer's agent I have been loving this market.

Sarasota, Manatee, Palmetto, Anna Maria Island you name it there have been deals galore.

It has just been so much fun shopping with clients, lots of choice and lots and lots of buying power.

Unfortunately this too will soon come to an end. Not that the market is going to heat up anytime soon but the signs are there that it has started to stabilize.

First the choice of well choice homes under 200k is beginning to dry up. Those sparkling deals of a lifetime are starting to become harder and harder to find.

Next, the ever popular waterfront, well the properties with the great open water views or on really nice canals, deep sailboat water etc. reasonably priced, you get the picture. Those choices too are thinning out.

And the ever present seasoned investors (I have a couple as clients) are snapping up the bargains as fast as they can get there hands on them.

This doesn't mean some housing prices will stop falling, on the contrary a lot of houses and condominiums were and still are priced way higher than the market.

What you will start to see is the price per square foot for homes starting to level out.

It isn't the only determining factor for home pricing but it is a major one.

Some economists have been predicting this for a while. I dismissed it as being over optimistic before.

Now, on the street level, yes it seems there is a change in the air.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343.
greg@teamworksfla.com