Recent data reports illustrate that condo inventory in Sarasota is at an all time low and continuing to trend down. The lack of 'supply' or condo listings is presenting real challenges for buyers, especially those who are seeking the low-maintenance lifestyle of condo/townhome style construction rather than single-family homes. With so few condos on the current market, and so many buyers eager to absorb them, their market values are skyrocketing.
Since inventory in Sarasota is so limited right now, a lot of clients are turning to new construction options… and it’s a great choice. Even though the timeline for moving in requires patience, there’s incredible value in purchasing new construction because the prices are set to today’s market value, and market values are going up every day. By the time these projects are move-in ready, they will have gained significant equity already. There are other benefits to new construction as well, of course. The opportunity for customization, having everything brand new, and cutting-edge integrations and amenities are additional advantages of purchasing new construction.
Three of Sarasota’s most desirable new construction projects are ONE PARK in the Downtown Waterfront District, Rosewood on Lido Key, and the St. Regis Residences on Longboat Key. All have units available for reservation right now. Please let me know if you would like to discuss the benefits of a new construction purchase.