Harold Bubil, the Real Estate Editor for the Herald Tribune, interviewed me concerning Sarasota’s real estate market. Our discussion centered on the high-end market on the keys or more specifically the luxury waterfront market. The following are a couple questions we discussed.
Q: Now that the season is over, what is your take on the waterfront market?
A: I wouldn’t say it is over. I have been slammed with showings and buyers, and can’t even return my phone calls! This morning I had five showings for a listing on Longboat Key, back to back — some of them were in the house at the same time. Then a neighbor stopped me and said he had a friend who was interested.Q:Does having multiple buyers on site present a challenge or a benefit to you?
Q:Does having multiple buyers on site present a challenge or a benefit to you?
A:It is not very good because you lose track of them. You have to have some look at the outside while others look at the interior. One agent was on site, previewing the house for a client from Switzerland.
So we are not finished with season. I am seeing increased activity across the board, from $1.4 million to $5.5 million. The inventory is quite low and that is a problem. Agents are previewing properties because they are worried they won’t be available when their buyers arrive. They are telling them to come soon and make a decision.
I have had people from Pittsburgh, Philadelphia, Toronto, Switzerland, Germany. Canadians are dominant.
And, people from Naples. I sold a condo to a couple from Naples; they were from New York and heavily into the arts in their younger days, and Naples just didn’t have enough arts. Or waterfront. I spent 15 hours over two Saturdays with a couple who are enamored with our bayfront. They were blown away.
Searching for waterfront property in Sarasota?
Contact Deborah Beacham at 941.376.2688 to find the perfect waterfront property in Sarasota!