The Sarasota and Manatee real estate market stays on trend with increasing home sales, rising median prices and low inventory in June 2018.

"We’ve consistently seen low inventory levels and rising prices over the last few months,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. “But, sales continue [...]

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. [...]

Homes Sales Report for May 2018 Sarasota and Manatee County has closed more home sales so far in 2018 than sales in January through May of 2017. Inventory is still tight and median prices continue to rise year-over-year. Overall, this month reports more closed sales and pending sales across the two counties. The two-county area reported [...]

Every year, June 1 – It’s official Hurricane Season. Generator This is an expensive piece of equipment, but I wouldn’t live in Florida without one. After Hurricanes Charley, Frances, Ivan and Jeanne in 2004, we decide to invest in a portable generator. We wanted to be able to run our fridge, a window air conditioner, a few lights, [...]

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 [...]