Friday, December 19th, 2014 at 9:18am. 15 Views, 0 Comments.
Recent research from the National Association of Realtors finds that Sarasota is one of the top 10 housing markets likely to attract baby boomers. Boomers already account for a significant portion of the real estate market in the city and those numbers look set to increase. The city appeals to this age bracket because of the varied cultural offerings, the climate and the cost of living. And while boomers are now beginning to reach their 60s, that doesn't mean that they are looking to retire just yet. This a generation so retirement-shy, they have been nicknamed neveretirees.
Baby Boomers Plan To Be Neveretirees
Debt and the recent financial crisis has been delaying the millennials from getting into the real estate market but the more financially…
Friday, December 5th, 2014 at 12:09pm. 118 Views, 0 Comments.
Luxury home sales are exploding and taking over the real estate market! Compared to last year, homes priced over $1 million have increased by 16%, making this the biggest increase compared to any other price segment in the real estate market. The most significant growth in luxury markets mostly centered on big cities like Miami, Los Angeles, Riverside, and New York and many of these luxury buyers are international, coming from places as diverse and distant as China, Canada, Europe, Russia, and South America.
Sales Of Luxury Homes Up 12%
While there is a continuous increase of buyers in the luxury market, statistics have shown that homes priced under 100,000 have dropped 6% in the past year while luxury homes priced between $750,000 to $1 million…
Tuesday, November 25th, 2014 at 9:44am. 156 Views, 0 Comments.
International buyers flock to Florida for our warm winters and appealing home prices! According to the National Association of Realtors, the Sarasota-Manatee region has been ranked fourth statewide in the percentage of foreign buyers purchasing homes, accounting for 8 percent of all single-family home and condominium sales. “Florida is one of the major U.S. destinations of international residential real estate buyers,” said study author Lawrence Yun, the NAR's chief economist.
Weather And Housing Prices Are Major Factors
“Approximately 25 percent of foreign buyers in the U.S. purchase property in Florida.” The largest group of international buyers we are seeing are the Canadians, and it’s because they are sick of the cold! Already a popular winter…
Friday, November 21st, 2014 at 3:18pm. 158 Views, 0 Comments.
A recent study by the Tax Foundation has named the state of Florida fifth in the nation, for its business tax climate. States with the best tax systems are the most competitive at attracting new businesses and most effective at generating economic and employment growth. That's a fact and it puts Florida in an enviable position. The Tax Foundation takes into account five factors when figuring their rankings—individual income tax, sales tax, corporate tax, property tax and unemployment insurance—and while Florida scored fairly well on all of them, individual income tax was the standout.
No Individual Income Tax In Florida
The study gives its five factors weighted rankings,* as some factors are considered more important than others. At 32% of the…
Friday, November 14th, 2014 at 12:30pm. 187 Views, 0 Comments.
There can't be very many golf communities that have as interesting and heart-warming a back story as the Concession. Situated amidst protected wetlands and towering stands of oak, magnolia and pine trees that were left untouched during the construction of the course, the setting is breathtaking. But this place is so much more than its setting or even the challenges of the course itself.
The Original Concession
It's a testament to friendship and good sportsmanship. The course was co-designed by Jack Nicklaus and Tony Jacklin and was opened in 2006, almost forty years after the historic event which sealed their friendship and gave the course its name. That event, "the concession", came in the final moments of the 1969 Ryder Cup, which Nicklaus…
Tuesday, October 28th, 2014 at 5:49pm. 423 Views, 0 Comments.
The Sarasota real estate market is on course for a better year than 2013, and that's saying something, because last year was outstanding. In fact, since the Sarasota Association of Realtors began keeping track, only back in 2004 did the market perform better. This month closed transactions were up 14% over last September, with 934 properties sold over last year’s 817 and pending sales are also indicating a strong October on the way, as they are up significantly over last year.
Condo Prices In Sarasota Continue To Rise
The market for condos continues to be strong in the county, with the median price pushing up 10% over last month and reaching $195,000. This is also an 18% increase over last year in September, when the median price was $165,000. When…
Monday, October 20th, 2014 at 8:40am. 305 Views, 0 Comments.
Sarasota's Harbor Acres has always been one of our favorite neighborhoods but current market conditions make this the moment to buy. Here's why we think you should consider Harbor Acres real estate:
1. It's A Buyers Market
There are 9 properties on the market in this neighborhood at the moment which equates to more than 6 months of stock and this is a buyers’ market. So if you have been contemplating a move to Harbor Acres, now is the moment.
2. It's Waterfront
Imagine yourself relaxing in your backyard, looking down across the lawn to your boat, moored at your private dock and beyond that to a sparkling Gulf sunset. Set on two peninsulas that jut out into Sarasota Bay, there are many waterfront properties in Harbor Acres (7 for sale at…
Wednesday, October 8th, 2014 at 1:55pm. 268 Views, 0 Comments.
The Bayou Louise neighborhood, located in North Siesta Key has just so much to love, it’s definitely one of the best places to live in Siesta Key. The Bayou runs from Fishery Point on Sarasota Bay deep into the northern end of Siesta Key, forming a peninsula on the Big Pass side. Accessed only by a bridge on Siesta Drive, the homes here, on Bayou Louise Lane, are very private. At the southern end, the peninsula is very narrow and some homes enjoy access to both the Bay and to the Bayou.
A Home With Private Beachfront Property
This part of Siesta Key is just ten minutes from all the cultural offerings, entertainment and dining options of Downtown Sarasota, but feels a world away. The luxury priced homes here enjoy large lots and lush tropical…
Friday, October 3rd, 2014 at 8:38am. 237 Views, 0 Comments.
1. Boomers Love Florida
Florida has always been a mecca for those looking to retire to the sun and that shows no sign of slowing down. In a new study by RealtyTrac, four Florida counties (more than any other state) made the top 10 list for baby boomer population growth: Charlotte County, Citrus County, Lee County and Lake County. In all of these places, seniors already account for at least 27% of the population and have seen the influx of Boomers grow by at least 25% since 2007.
2. Boomers Will Be A Key Force In Florida's Real Estate Market
Baby Boomers have large homes and are looking to move to smaller ones and there are 78 million baby boomers in the country. Given that the vast majority are home owners (around 81%), that's a lot of real…
Wednesday, September 24th, 2014 at 4:04pm. 388 Views, 0 Comments.
While it's impossible to complain that the Sarasota real estate market has been slow in the past couple of months, closed sales had been on a slight downward trend since the near record breaking numbers reached in April. That month closed sales hit 1195. They had only previously gone above that figure back in April of 2004, when they reached 1223. It looks now, however, that the trend is beginning to reverse.
Three Month High For Homes Sales In Sarasota
It's unsurprising, really that after April's high, the numbers cooled off, if only slightly and closed sales decreased in the months of May, June and July. August though, has seen a reversal and the market has taken a bit of an upswing as closed sales hit 975. That was a 5% increase over July's…