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 [...]

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. [...]

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, while condo sales [...]

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, [...]

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 [...]

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 [...]

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 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 [...]