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      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 [...]

      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, U.S. [...]

      April Home Sales Rise Despite Inventory Challenge

      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 [...]

      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 [...]

      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 [...]

      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 [...]

      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 [...]

      Low Supply and High Demand Drive Median Prices Up

      The latest data, compiled from My Florida Regional Multiple Listing Service, continues to fluctuate in July of 2017 in the two county area. Closed sales increased in Sarasota County by 5.8 percent, compared to July 2016. However, sales in Manatee County were 8.9 percent lower than July last year.   [...]

      The Mark Downtown Sarasota Underway

      A little past the initial projected start of July, construction is under way on The Mark Sarasota, a 12-level, 157-residence, mixed-use project in downtown Sarasota. Developer, The Kolter Group, held a ceremonial groundbreaking event Wednesday, August 8th at the construction site at State Street and Pineapple Avenue. The $50 million project [...]

      Sarasota Real Estate Continues Increase in Median Sales Prices

      Market statistics for June 2017 show an increase in inventory, median sales prices and the median time to contract. Compiled each month from My Florida Regional Multiple Listing Service, the data also indicates an increase in pending sales and a decrease in closed sales, as compared to last year, for the combined two county area. Single [...]
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