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Sarasota Real Estate Blog

So far 2017 has been a good year for the Florida Real Estate market! In this blog, both Buyers & Sellers will learn the Top 10 Tips to Navigate the 2017 Sarasota, Florida Market. Locally in Sarasota, Florida; Lower and Median-priced Homes continue to increase toward their Pre-recession Sales Highs whilst Luxury and Higher Priced Homes have appeared to stabilize. Nationally, Mortgage Rates in 2017 have increased slightly but are still recording record LOWS.

Below are 10 tips to help navigate through the Sarasota, Florida 2017 Market Conditions:

 

1. First Time Homebuyers Should Buy Today

It has been estimated that more than half of the sales in 2017 are to be made by first-time homebuyers. They will be millennials who are moving out of their

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Each month, My Florida Regional Multiple Listing Service provides Inventory statistics to the local Florida Realtor Boards. The Statistical Report for the month of June 2017 shows an increase of Inventory, Median Sales Price & Time to Contract. Within this data, you will also see an increase in "PENDING" Sales and a decrease in "CLOSED" sales as compared to last year. Here are a few Featured Statistics:

INVENTORY-

The Sarasota condo market had a significant 36.2 percent increase in pending sales and a jump in NEW listings, but a decrease in median Price. The Inventory continues to increase year after year. However, compared to last month, inventory showed a decrease by 6.2 percent from last month.

Single family homes Inventory dropped by

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University of Central Florida economist predicts state economy to surpass $1 trillion next year, making it the 16th largest economy in the world 

Economist Sean Snaith, the director for the Institute for Economic Competitiveness at the UCF College of Business Administration in Orlando, Florida, predicts that Florida's gross state product will break the $1 trillion mark next year – and then climb to $1.074 trillion in 2019, an expansion at an average annual rate of 2.9%. 

Besides making the Florida economy the 16th largest in the world, as ranked by the World Bank, that gross state product growth outpaces the projected average for the United States’ gross domestic product for the same period. Snaith also sees job growth in Florida outperforming the

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When you buy or refinance a house, you naturally want the best mortgage rate available to you. And if you follow these four tips, you’ve got a great chance at getting it.

What Affects Your Mortgage Rate?

You probably know that everyone is not offered the same mortgage rate, even by the same lender. Your rate depends on several factors:

- Borrower risk profile. The most desirable borrowers are those with excellent credit, a substantial down payment (or lots of home equity if refinancing), buying a single-family primary residence.  

- Shopping behavior. Studies show that consumers who shop more pay less. Obtaining multiple loan quotes really does get you a lower mortgage rate.

- The mortgage product you choose. The rate you pay depends on the

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Sarasota Ranks TOP Place to Live in United States

In a recent survey by online credit rating company WalletHub, the city of Sarasota ranks number 12 on their list of “2017 Best Beach Towns to Live In.”  The company looked at 227 different cities with populations between 10,000 and 150,000 people and at least one beach and then ranked them across six key dimensions:

  1.     Affordability

  2.     Weather

  3.     Safety

  4.     Economy

  5.     Education & Health

  6.     Quality of Life

Sarasota scored highest in the Quality of Life area, which crunches data from a wide variety of factors ranging from average commute times to public beaches, water access and swimming pools per capita to shopping, dining, nightlife and recreational outlets. Coming in number 3 on the

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 Whether you are visiting Sarasota or looking for a place to stay as you search for you Florida dream home, these 3 hotel pools are must to experience!

Aloft Hotel

 

Aloft Hotel located in Downtown Sarasota offers its guests a minimalistic design roof top pool that overlooks the city of Sarasota. Enjoy expansive views while you relax and take a dip in the pool. Aloft is modern luxury at its best, with a spacious sundeck, abundance of lounge chairs and bar area to purchase poolside cocktails.  

Hyatt Regency of Sarasota 

  

The Hyatt's pool is designed to resemble a lagoon oasis, with rock formations and cascading waterfalls built with stunning surrounding foliage. Relax on a spacious sundeck in a comfortable lounge chair and take in the

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  • Lido Key Beach Pavilion and Pool

     

Lido Key beach offers a public pool for all to enjoy giving guests the option to enjoy both the pool and the beach! The pavilion includes a 25-meter lap pool with five lanes for lap swimming. A concession area offers alcoholic beverages, food, and drink. Daily fees vary based on age; three-month seasonal and annual passes are available.

 

 

  • YMCA Waterpark

     

Keep cool this summer at the YMCA waterpark! This park is great place to take children offering many fun activities from water slides to a deep water diving area! Children under three get in for free as well as YMCA members, for everyone else it is 7 dollars.  Swimming lessons are also offered at the YMCA waterpark, ideal for young

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Establish a Price Range

First, establish a price range. Purchasing your second home should be enjoyable and not wear down on your finances. For purposes of a price range, assume that your down payment, closing costs, and furnishing will be 33% of the purchase price. In other words, if you have $50,000 in cash, your beginning price range should be between $130,000 and $170,000. However, with a second home a down payment can be a little as 10%, so if you are someone with $50,000 to put down you could qualify significantly more for a purchase price. Many borrowers may decide choosing a lesser price is ideal as it keeps monthly costs down. Second homes generally qualify at the same interest rate as a primary residence. These properties requires minimal

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Located in Downtown Sarasota is the Marina Jack's park, home to an abundance of activities for all to enjoy from water activities, drinking, picnicking, dining to working out. Marina Jack's has some of the loveliest views of Sarasota and home to stunning displays of artwork. 

 

 

Children’s Water Park and Playground

Marina Jacks is a perfect place for families to bring their children with both a playground and waterpark! The waterpark features fountains in the shape of different animals from fish to alligators. A perfect spot to cool down especially during the summer months when the sun is at its peak. 

 

O’leary’s Tiki Bar 

Right next door to the playground and waterpark is O’leary’s tiki bar offering pina coladas, live

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The heart of Downtown Sarasota offers an abundance of eclectic cafes and artistic ambiance. One of our favorite cafes is located in the well known historic district of Burns Court. It’s brimming with charm and features delicious homemade French options from breakfast quiches, quintessential Parisian pastries, and more! The cafe is decorated cozily with a changing gallery of artworks exhibiting paintings, photographs, and sculptures.

In addition, speciality fresh juices are offered along with gelato and sorbets. Breakfast and lunch are served from 8:30 to 4:00, re-opening for dinner at 6:00 until 10:30. Choose to sit indoors or outdoors both offering a romantic Parisian feel with twinkling fairy lights turned on at dusk for evening meals. Twice

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