Housing Market Gains Ground – Local Prices Rise

The nation’s residential real estate market continued its year-long rise in home prices in September, reaching the fastest annual rate since June 2014. The statistics in the S&P Case-Shiller U.S. National Home Price Index, released Tuesday, show a 6.2 percent annual gain, compared with 5.8 percent in August. “Most economic indicators suggest that home prices … Continue reading Housing Market Gains Ground – Local Prices Rise

Sarasota and Manatee Market Back to Pre-Storm Pace

October proves to be a month of recovery from Irma’s impact on the Sarasota and Manatee market. As the market bounces back, sellers prepare for the season, bringing more new listings and pending sales in October 2017. Closed sales for single family homes increased by 2.7 percent in the two counties from October of 2016, … Continue reading Sarasota and Manatee Market Back to Pre-Storm Pace

Sarasota Real Estate Trends on Solid Ground

An exhaustive analysis of emerging real estate trends indicates prosperity for the industry will continue for the foreseeable future — with a caveat. Prudence on investments ranks high after the housing bust a decade ago. The report, “Emerging Trends in Real Estate 2018,” by the Urban Land Institute and PricewaterhouseCoopers, updates previous in-depth studies based … Continue reading Sarasota Real Estate Trends on Solid Ground

Hurricane Irma Stalls Real Estate Sales in Sarasota and Manatee

The Sarasota and Manatee area was mostly unscathed from Hurricane Irma but, real estate sales were hit the hardest. With office closures, re-inspections and tight scheduling for new appraisals, September 2017 reports a decrease in closed sales, pending sales and new listings. Compared to this time last year, combined closed sales for the two-county area … Continue reading Hurricane Irma Stalls Real Estate Sales in Sarasota and Manatee

Sarasota Area Real Estate Market Continues to Show Increases in August

Increases Abound Compared to August 2016, the latest market report shows an increase in closed sales, median prices, and inventory for single family homes, while condos in the two-county area reported an increase in closed sales and pending sales. The August 2017 data was compiled from My Florida Regional Multiple Listing Service by Florida Realtors®. … Continue reading Sarasota Area Real Estate Market Continues to Show Increases in August

Sarasota Real Estate after the Storm

After the Storm, Realtors say no downturn in Sarasota-Manatee market Hurricane Irma hasn’t blown the roof off the Sarasota-Manatee real estate market. The historic tropical cyclone, once a Category 5 monster and a violent Category 4 upon its first landfall in Florida, did leave a trail of destruction across the state. Just not on home … Continue reading Sarasota Real Estate after the Storm

Local Home Prices Fail to Keep Pace with State, Nation

Local home prices in the Sarasota-Manatee region again failed to keep pace with state and national increases. Single-family home prices rose 4.1 percent in July over the year in the two-county area, data provider CoreLogic reported Tuesday. That was less than the Florida increase of 6.2 percent and the U.S. gain of 6.7 percent. Prices … Continue reading Local Home Prices Fail to Keep Pace with State, Nation

Low Supply and High Demand Drive Median Prices Up

The latest data, compiled from My Florida Regional Multiple Listing Service, continues to fluctuate in July of 2017 in the two county area. Closed sales increased in Sarasota County by 5.8 percent, compared to July 2016. However, sales in Manatee County were 8.9 percent lower than July last year.   Median Prices Median prices continue … Continue reading Low Supply and High Demand Drive Median Prices Up

Experience the Westin’s Rooftop Bar

   Located on the 19th floor overlooking downtown and Sarasota Bay Westin Sarasota and its rooftop bar The Roof Bar and Eats, located in downtown Sarasota at 1175 N. Gulfstream Ave., had a soft opening July 28 before its grand opening in the fall. But by now you’ve likely already seen photos of the bar’s view … Continue reading Experience the Westin’s Rooftop Bar

The Mark Downtown Sarasota Underway

A little past the initial projected start of July, construction is under way on The Mark Sarasota, a 12-level, 157-residence, mixed-use project in downtown Sarasota. Developer, The Kolter Group, held a ceremonial groundbreaking event Wednesday, August 8th at the construction site at State Street and Pineapple Avenue. The $50 million project will include a ground-floor … Continue reading The Mark Downtown Sarasota Underway