Home Sales Rise - In April 2018, Sarasota and Manatee housing inventory levels dropped again, with pressure from rising median sales prices. Overall, April showed an increase in sales across the two counties, as well as an increase in new listings. April reported 2,014 total sales which is a 3.3 percent increase from last year. Sarasota [...]

Home prices up, inventory down, mortgage rates iffy The Florida real estate industry is healthy, though several thorny challenges confront residential sales, one of the nation’s leading economists told a gathering of about 80 agents and brokers. Lawrence Yun, chief economist and senior vice president of the National Association of [...]

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 [...]

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 for [...]

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 [...]

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 112.4 [...]

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 [...]

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 [...]

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 [...]