We've talked about this a few times recently, and we're going to stay on topic... new construction offers incredible value right now. While the month-to-month and quarterly fluctuations of our residential market have frustrated some sellers who hoped to capitalize on the type of gains we saw during the pandemic era, the long-term arc of Sarasota's market value illustrates sustained increase. Adding to that trend, we have ever-increasing new construction inventory bringing new heights of luxury to our market. World-renowned brands including the Waldorf Astoria, Ritz-Carlton, and Rosewood are joining the plethora of superb offerings that are underway Downtown and on the keys.
New construction is a particularly valuable way to enter the market if you have the tolerance to wait for occupation. New construction buyers are purchasing at today's pricing, with the strong anticipation of market appreciation by the time their residences are completed in a couple of years. That means that buyers have significant equity upon taking the keys, offering a valuable opportunity for immediate resale or retaining that value if you choose to occupy.
I absolutely love navigating new construction with clients and sharing insight into the thoughtful offerings available in our market. Reach out if you are interested in exploring how to buy new construction, how to leverage negotiations to customize your purchase, and how to find the best value for your preferred lifestyle.
