Market report for The Enclave, Villages at Pinetree, Sarasota
Point blank, there is an inventory homes for sale in The Enclave, Villages at Pinetree shortage. As of September 18th, One home recently listed at approximately 2460 square foot, went on the market and in two days, it was under contract.
The “move to Florida” trend is alive and well. Covid-19 has really surprised the market with a hot bed of activity and if it weren’t for builders, there would be an even more increased shortage of new homes. Tatum Ridge school, being out East, close to parks, the interstate, and shops, just make The Enclave-Villages at Pinetree a very sought after community. View Sarasota & Manatee County stats here for August 2020.
The first chart is showing “List Price by Square Foot ratio” and “Days to Sell” taken from our regional MLS over the last 12 months. The second is for over the last 6 months.
Remember, if you want to buy or sell anywhere out East, “know before you go, with a Real Estate Pro” by calling or texting Bill Travers at Sarasota Communities Real Estate. Being one of the first homeowners in The Enclave, I have my finger on the pulse of the market. It can’t get any better than that! 941-544-7516. OR, visit our website to search MLS properties that are up to date at SarasotaCommunities.com. We’ll get back to you as quick as possible.
Inventory for homes for sale in The Enclave is extremely low
It’s September 2011 and there are only *3 active listings on the MLS for homes for sale in The Enclave, Sarasota Florida. There is a good chance that we could start to see supply and demand factors. The 3 active homes appear to be overpriced and could explain why they’re still on the market.
There are 278 homes in the Enclave. Do the math and that’s approximately a 1% vacancy rate of homes for sale. Typically 5% is a normal rate. There are 23 homes in foreclosure status. Average days on the market is 96 days and the median price is at $260,500. I would say we could raise the prices a little. However, appraisals are still coming in low so this doesn’t help on financed transactions. If there are cash buyers out there (and there are), us sellers can be more firm on our price. Inventory across the board in Sarasota is very low and the crop is no creme le creme!
Season is almost here Our northern friends will be coming down looking to buy. In my opinion, if they looked last year and didn’t buy, just wait until they come down now and realize the inventory isn’t what it was. They’re likely to feel frustrated. 6 months from now will be an interesting analysis on The Enclave homes for sale numbers. Let’s see where things go. Click here to contact Bill Travers if you’re interested in buying or selling in The Enclave.
*Stats taken from My Florida Regional MLS & IMAPP on 9/11/11