An ultra-luxury condominium tower with clear bayfront views is coming to downtown Sarasota. Seaward Development’s lavish 18-story EPOCH project shows the market for multi-million-dollar condos has not passed the saturation point. The condo community will rise from a 100-foot-wide site between South Palm and South Gulfstream. The only thing separating the building from Sarasota Bay … Continue reading EPOCH – Luxury Condo Tower – Sarasota Bayfront
Closed and Pending Sales Increase in Residential Market – Sarasota Real Estate
Closed Sales As of March 2018, the two-county area has closed on 5,015 properties so far this year, an increase from this time last year. Inventory levels dropped this month and median prices continue to rise. This month also showed an increase in pending sales, indicating more closed sales on the horizon. Overall, closed sales … Continue reading Closed and Pending Sales Increase in Residential Market – Sarasota Real Estate
Tight Inventory – Median Prices Rise Again in Sarasota-Manatee Market
Home sales in Sarasota and Manatee County increased for the second consecutive month in 2018. The two-county area reports another month of tight inventory, pressuring median prices to rise again. Combined closed sales in the two-county area increased by 8.8 percent from February 2017. Manatee County single-family home sales increased by 8.6 percent to 441. Sarasota County showed … Continue reading Tight Inventory – Median Prices Rise Again in Sarasota-Manatee Market
Florida Tourism Breaks Another Record in 2017
Hurricane Irma kept Florida from reaching a goal of 120 million visitors last year but didn’t stop the state from hitting a new single-year tourism high, according to numbers released Tuesday by Gov. Rick Scott. Scott announced that Florida drew an estimated 116.5 million visitors in 2017, up 3.6 percent from the previous high of … Continue reading Florida Tourism Breaks Another Record in 2017
Oceane Siesta Key – New Luxury Condos
Preconstruction on the luxury condominiums and cabanas known as Oceane Siesta Key began Friday, February 24th, with site work and seawall expansion. Workers are adding 2 feet in height to the seawall and 152-linear-feet of seawall will be increased with the new cap. This phase is scheduled to be completed by March 2. The superlatives for Oceane … Continue reading Oceane Siesta Key – New Luxury Condos
Sarasota Sales and Prices Increase in January
Sarasota-Manatee home sales and prices increased again in January 2018. Inventory tightens, but a rise in pending sales and new listings indicate the upcoming season of sales. Combined closed sales in the two-county area increased by 13 percent from this time last year. Single-family home sales in Manatee County rose by 12.7 percent to 399. Sarasota County showed a … Continue reading Sarasota Sales and Prices Increase in January
Looking to Continue Strong Market in 2018
Southwest Florida’s residential real estate world is riding a winning streak, and current market conditions indicate continuing prosperity and growth. That’s the consensus evaluation of the robust home market in 2017 and the strong forecast for 2018 among industry insiders in Sarasota and Manatee counties. Our informal survey panel represents the home-building and selling sides … Continue reading Looking to Continue Strong Market in 2018
Market Stays on Trend for Season
As we head toward season, November statistics indicate a healthy market in the Sarasota and Manatee area. Combined numbers show an increase in sales, new listings and prices. In November 2017, closed sales for single family homes in Manatee County increased by 7.5 percent, while Sarasota County decreased by 3.3 percent. The condo market stands out this month, with … Continue reading Market Stays on Trend for Season
New Art Ovation Hotel Plays to Sarasota’s Rich Cultural Legacy
Art Ovation – a boutique downtown hotel, poised to open soon, intends to be the city’s “signature hotel of the arts” by embracing Sarasota’s colorful palette of visual and performing arts. The 162-room Art Ovation Hotel will be well positioned, physically, to claim the title, being on the corner of North Palm and Cocoanut Avenues, … Continue reading New Art Ovation Hotel Plays to Sarasota’s Rich Cultural Legacy
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