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Sarasota Real Estate Blog

Within this past year, the typical spring buyer is on the lookout for a three bedroom, two-bathroom home with a garage and up-to-date kitchen, according to a new survey released from realtor.com. This given survey has also found that the needs for families and the rising of rent prices are encouraging most millennials to get into the current market, while most 55+ buyers are geared towards having more privacy and comfort in the next home they purchase.

"Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers' wish lists," says Danielle Hale, chief economist for realtor.com." 

With reference to this article, some very distinct differences were identified in regards to

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North American Luxury Review- February 2018

February 2018 figures reveal that overall the luxury real estate market throughout North America continues to remain stable, settling into a “new normal”. In general, luxury home prices have leveled off mainly due to inventory constraints easing as demand decreased after the post- recession housing boom. Diane Hartley, General Manager for The Institute for Luxury Home Marketing, stated during a recent interview that “the luxury real estate market led the general housing market out of the global recession, and during that explosive upswing, we saw some of the largest year-over-year price gains ever; now we are simply seeing a return to a more typical pricing and sales paradigm — especially for

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A list by Niche.com ranks the area at No. 1.

South Sarasota has been ranked the best area to go to public school in Florida, according to a new ranking by national website Niche.com. The website gives schools in south Sarasota an A+ overall grade and A+ public schools grade. It was also ranked the 57th best place to live in Florida. The general region of Sarasota was also ranked third in best public schools in Florida, although the site does not make it clear how it breaks up regional areas. Gulf Gate Estates and South Gate Ridge, near Bee Ridge Road and U.S. 41, also made the site’s Top 5 rankings for best public schools in Florida. The Sarasota County School District is one of only two of Florida’s 67 school districts to have maintained an A

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It’s up for debate whether Florida truly qualifies as part of “the South,” but local leaders are definitely excited about a new ranking that lists Sarasota as one of the gems of the region. Readers of Southern Living magazine voted Sarasota No. 9 on its list of “The South’s Best Cities.” Sarasota did even better on the magazine’s ranking of “The South’s Prettiest Cities,” placing fifth on that list. In both cases, Sarasota was the top-ranked city in Florida. City Manager Tom Barwin and Visit Sarasota County President Virginia Haley said they were happy to see the city land on the magazine’s lists. The lists are the latest in an ongoing series of accolades Sarasota has earned in various rankings. Previous                   honors have recognized local

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SARASOTA, Fla. (March 21, 2018) – 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 8.6 percent to 441. Sarasota County showed a 9.8 percent increase to 569 closed sales. Sarasota condo sales jumped by 14.1 percent to 315, while Manatee increased by 5.2 percent to 202.  

Overall, median sales prices are up. Manatee condos increased by 22.2 percent to $213,250, breaking $200,000 for the first time since 2008.

As for Sarasota condos, the median price decreased by

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If you’re looking to sell your home, its time to start thinking far and wide; international home buyers are on the rise. According to the latest 2017 MIAMI International Homebuyers Report–conducted by the Miami Association of Realtors® and the National Association of Realtors®–foreign buyers spent a massive $7.1 billion on South Florida residential homes and properties in 2017, up by an impressive $900 million since 2016. The 2017 MIAMI International Homebuyers report includes data from the Miami-Dade, Broward, Palm Beach and Martin counties; ranking the transactions by country of origin and taking note of important foreign buyer characteristics.

MAJOR SURVEY RESULTS FOR SOUTH FLORIDA

  •          Foreign buyers purchased $7.1 billion of South
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Now that the New Year has arrived, we're all looking for ways to make improvements in our lives, from getting fit to reexamining our finances to remodeling that horrid 1970s-style bathroom. If you're planning to make any improvements to your home this year, here are some things you need to know about home upgrades and their tax implications.*  

Repair vs. Improvement: What's the Difference?

In order to take advantage of tax breaks associated with home renovations, it's important to know the difference between a repair and an improvement. The IRS defines a repair as anything that's necessary to keep your home in good condition but doesn't necessarily add to its value. An improvement is anything that prolongs the useful life of your home and has

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LendingTree, an online loan marketplace, released the findings of its study on where residents in each state want to move. In the latest study, LendingTree says it discovered a southern tilt in preferences for those people looking outside their own state.

Florida was the No. 1 new destination for 18 of the 50 states. Of all purchase mortgage requests during the study's time period, 9.14% were for consumers looking to move to Florida. The Sunshine State has a history of bringing in visitors and new residents, particularly retirees.

The results reveal the most popular new destination for each state along with the percentage of out-of-state requests for that location. 

 

TOP US Destinations for New Residents

States that love Florida
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When it is time to buy a property, are contingency clauses necessary? Some contingencies may create additional expenses for buyers but may be useful tools for closing on a home and potentially having a seller make needed repairs. First-time home buyers can help themselves by learning about common home buying contingencies and why it is important to work within specified timelines.

What Is a Contingency Clause?

A contingency clause is an action or condition that needs to be met for the contract itself to become binding. When the contract is signed, both the seller and buyer agrees to the terms outlined in the contract. Contingencies may include specific terms or a stated timeframe. Home contingencies in home purchase contracts can be helpful for

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 Sarasota received an appreciative review Saturday in the Wall Street Journal written by a respected food and travel writer.

The business newspaper, which also has a lot of content on how the successful can spend their money, ran the article under the headline “A Florida Beach Vacation with Snob Appeal.” It was still in the second-most-prominent spot on the publication’s travel web page Wednesday, just below a story on “Why Flying Has Never Been Safer” and above one on “The Rice of Royals: Where to Find the Tastiest Biryani in India.”

It was written by Alexander Lobrano, a Paris-based longtime food and travel writer, a contributing editor at Saveur Magazine and author of “Hungry for Paris: The Ultimate Guide to the City’s 110 Best Restaurants,”

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