Market Remains Stable Heading into Season

Compared to last year, the Sarasota and Manatee County market statistics report more closed sales, inventory and a general rise in median prices in October 2018. Year-over-year, combined closed sales in the two-county area increased by 8 percent. The condo market improved with a 27.3 percent increase in Manatee County and a 10.3 percent increase in Sarasota. Manatee … Continue reading Market Remains Stable Heading into Season

Third Quarter 2018 Market Report

Closing out the summer season in the third quarter (Q3), there was no shortage of real estate stories in the national and local news cycles that shared predictions about the future market. In this quarterly report, we’re taking a look at what the data shows in our tri-county area, the reported national trends that apply … Continue reading Third Quarter 2018 Market Report

Steady Market Growth in Sarasota

Steady Market Growth When Hurricane Irma made its path toward Sarasota and Manatee County in September 2017, sales stalled in both counties due to limited business days surrounding the storm. After last year’s irregular report, this September showed significant improvement in new listings, pending sales and overall closed sales.   “Hurricane or no hurricane, September typically slows down … Continue reading Steady Market Growth in Sarasota

Local Home Prices Lag State and Nation

Home prices in the Sarasota-Manatee county region rose 4.0 percent over the year in August, trailing state and national gains. Home prices, including distressed sales, increased 5.8 percent in Florida and 5.5 percent across the U.S. during the 12-month period ended in August, CoreLogic said. Single-family home prices in the two counties remain 15 percent … Continue reading Local Home Prices Lag State and Nation

Sarasota and Manatee Homes Sell Quickly in August 2018

August 2018 numbers report an increase in closed sales, inventory and new listings in the Sarasota and Manatee housing market. With pressure from rising prices, the median time to contract is down across both counties. This month, there were 1,898 reported closed sales in Sarasota and Manatee, a 4.3 percent increase from August 2017. The … Continue reading Sarasota and Manatee Homes Sell Quickly in August 2018

Kolter Group Begins on Ritz-Carlton Residences Tower

The Kolter Group has officially begun construction of the Ritz-Carlton Residences condominium tower in downtown Sarasota, which its backers contend will be the “pinnacle of Sarasota living.” The 73-unit waterfront tower, adjacent to the 18-story Ritz-Carlton Sarasota hotel and condos and part of the 15-acre Quay Sarasota mixed-use project, is scheduled for completion in the … Continue reading Kolter Group Begins on Ritz-Carlton Residences Tower

Condo Market Shows Strength in Sarasota and Manatee Markets

July inventory falls short, but sales continue to climb year-over-year. The condo real estate market is strong with more pending sales and new listings this month. “In a traditionally slower month, sales growth indicates a robust market for July 2018,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. CLOSED SALES In July … Continue reading Condo Market Shows Strength in Sarasota and Manatee Markets

Red Tide – Florida Gulf Coast

The Florida Gulf Coast has been in the news in recent weeks and many residents and visitors have been expressing growing concern over the most recent outbreak of red tide. At Michael Saunders & Company, we are committed to not only helping those we serve but dedicated to the overall health and well being of our region. As … Continue reading Red Tide – Florida Gulf Coast

Sarasota and Manatee Home Sales Rise Again in June

The Sarasota and Manatee real estate market stays on trend with increasing home sales, rising median prices and low inventory in June 2018. “We’ve consistently seen low inventory levels and rising prices over the last few months,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. “But, sales continue to maintain … Continue reading Sarasota and Manatee Home Sales Rise Again in June

Florida Home Prices Lag U.S. Gains

Florida home prices rose 5.6 percent in May, falling short of the U.S. average. But state prices are projected to jump 7.2 percent over the next 12 months, outpacing the rest of nation, data provider CoreLogic said Tuesday. Home prices, including distressed sales, increased at a 7.1 percent clip nationwide in the past year. However, … Continue reading Florida Home Prices Lag U.S. Gains