With some properties hovering around the $7 million mark, the sheer demand of Longboat Key real estate is causing a lot of talk - and not just in professional circles. Roger Pettingell, the top producing affiliated agent at Coldwell Banker Realty in Florida, discusses what's driving the unprecedented need.
SARASOTA, FL / ACCESSWIRE / November 24, 2021 / Longboat Key real estate, like Sarasota and Manatee County real estate as a whole, has been seeing plenty of action lately. Roger Pettingell, industry veteran and luxury property expert, has had to use his considerable wealth of knowledge to navigate the expectations of buyers and sellers alike, which hasn't always been easy in such a competitive market. He talks more about the demand and how it's affecting his approach.
Timing Is Everything
The action right now is stirring neighborhoods up, with some moving closer to cities, some moving into peaceful gated communities, and some trading older buildings for the promise of the unblemished. Whatever the motivation is behind the moves, it's causing properties to be snatched up at a record pace. Roger Pettingell has seen how a surge of buyers and a lack of inventory has shocked even the most seasoned agents in the business.
This isn't to say that sellers have carte blanche though. The imbalance has unsurprisingly resulted in aspirational pricing, meaning that some sellers are shooting for the moon and waiting for one of the more desperate buyers to take the bait. Real estate agents have had to shift quickly in the middle of all this, ensuring that they're buttoning up sales at the best prices without ruffling anyone's feathers. As you might imagine, that hasn't been a simple equation by any stretch.
Roger Pettingell and Longboat Key Real Estate
For the most part, buyers right now are prepared for what's ahead. (The country's general demand for real estate may have cooled its heels some, but anyone paying attention knows that every neighborhood has its own push and pull.) For Pettingell, his job becomes all about anticipating what's ahead so he can alleviate some of the stress that his clients are facing.
This means watching the numbers in Longboat Key and, perhaps more importantly, gauging how different kinds of sales match the needs of his clients. For example, the new waterfront properties have been disappearing faster than anyone anticipated in this central coast town, calling for more aggressive strategies to quickly gain a foothold.
Known for his boutique services and efficiency,
Roger Pettingell takes it upon himself to leverage his experience into predictions that are based on more than lip service. If his clients are motivated and serious about finding or selling property in Longboat Key, he's every bit as passionate as they are - regardless of the state of the market.
Roger Pettingell | Sarasota & Longboat Key Real Estate Agent
SOURCE: Roger Pettingell