Buying a House with Cash in Sarasota Florida
You may be surprised to learn this, but between 2009 and 2014 our Sarasota real estate market was dominated by cash buyers for single family homes. In 2015 the percentage of cash buyers versus buyers getting financing started to equal out at about 50/50 and in 2016 the cash buyer market dipped considerably lower than the percentage of sales closed with financed buyers.
Closed Cash Sales of Single Family Homes
- December 2015 ended at 43.8%
- December 2016 ended at 37.6%
Cash Buyers Still Dominate the Condo Market in Sarasota Florida
The condo market in Sarasota Florida continues to be dominated by cash buyers, but is cash still king in Sarasota? The answer can be yes and no depending on the seller and if their motivation is for a quick sale or to net more.
Closed Cash Sales of Condos
- December 2015 ended at 69.1%
- December 2016 ended at 63.80%
See What Your Cash Will Buy on Sarasota’s Suncoast NOW…