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
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