Year-end incentives from homebuilders and demand from Canadian buyers are pushing area condo sales up to 21 percent higher than the same time last year, according to Multiple Listing Service data for Manatee County.
It's great news for sellers, but the surge is cutting into the choices buyers have as the residential real estate season heads into the prime winter months. It's also giving sellers good reason to increase prices.
As of the end of October, Manatee County had 756 condos and townhomes on the market, according to statistics compiled by Florida Realtors Association from multiple listing data. That's roughly a third as many on the market four years ago.
The relative scarcity hasn't kicked off a building boom. But area real estate professionals do agree that it's getting more difficult to find condos in the $150,000-and-under range.
Source: Manatee County's condo sales and prices are on the rise, Bradenton Herald (Dec 2, 2013)
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