Condo resales turn buyer’s market
Roughly one-third of investors who committed to downtown condo towers during Florida’s post-2000 real estate boom appear to be having buyers’ remorse.
Driven by a desire to distance themselves from rampant speculation or avoid owning overpriced space, buyers are bailing from a handful of high-profile Sarasota towers.
Their movement is likely mirrored across the region and the state.
“It certainly isn’t surprising in this market,” said Lisa Rooks Morris, a Rooks Morris Real Estate partner who, until last autumn, sold condominiums at 1350 Main, one of downtown’s most talked-about addresses.