Healthy Market - Total closed sales are up by 8.7 percent from November 2015 for single family homes and condos in Sarasota and Manatee counties. Single family homes showed the most improvement from last year, with a 10.5 percent increase in the two-county area, while condos also increased by 4.5 percent. Inventory also showed improvement [...]

If you need any more evidence that downtown Sarasota has pent up demand for luxury condos, consider this: A local developer plans to buy out all 14 owners in a bayfront complex, and pay to knock it down — just to build a new Condo building. Seaward Development plans to redevelop [...]

A year of design and permitting work on the infrastructure and initial phases of the project will begin after the New Year.

The massive mixed-use Quay Sarasota development received final city approval Monday night after years of planning. The potential $1 billion project will combine commercial, residential and office buildings on the [...]

Florida welcomes 85 million tourists in the first 9 months of 2016 It's another record for the Sunshine State, according to Visit Florida.

Florida had 26.9 million visitors from July to September and 85 million during the first nine months of 2016, the most tourists ever.

Increases in Inventory as Market Prepares for Season. The inventory of properties for sale in the two-county area is up by 17.5 percent from last year, and also shows an increase of 3.1 percent from last month, reversing the downward trend that started earlier this year. Year over year, single family home inventory in Sarasota increased by [...]

The building boom north of downtown Sarasota is continuing, as the city’s development review committee this week will consider plans for a new five-story development in the Rosemary District. Rosemary-based architecture firm Halflants + Pichette has designed a 62-unit, mixed-use building at the intersection of Fourth Street and Cocoanut [...]

Sales and Median Prices Up Total closed sales in September in the two-county area are up 2.6 percent over September of last year, with single family sales up 3.8 percent, and condo sales down just under 1 percent. Single family home sales in Manatee County posted a 13.8 percent increase, while condo sales in Sarasota County were up 3.3 [...]

Sales of distressed properties in the two-county area continued to decline in August, down 53.9 percent from the same month last year. Distressed sales in August comprised only 5.8 percent of total sales compared to 12.8 percent last August. [...]

Despite concerns from neighborhood residents and the state transportation agency, a Manatee County developer is marching ahead with plans for a mixed-use Siesta Promenade project at the busy U.S. 41-Stickney Point Road intersection. Benderson Development Co. filed a formal application Aug. 26 to rezone a former mobile home park to allow [...]

Boomer Fuel Housing Boom - Paced by relentless retiree demand, housing starts in Southwest Florida have roared to their fastest rate in nearly 10 years. Construction started on 1,492 single-family units in the region during the second-quarter, a nearly 18 percent gain over the year, according to a new report by data supplier Metrostudy. [...]