Thursday, March 26th, 2015 at 3:17pm. 54 Views, 0 Comments.
For those of you that prefer pictures to words click to enlarge our infographic sum up of the February real estate market in Sarasota and Manatee Counties.
After the record setting sales of last year, it’s hard to believe this one could be even better, but the February’s sales for homes in Sarasota and Manatee seem to suggest that could be the case. Pending sales and closed sales were both up last month over the first month of this year and over last year’s numbers as well. Also rising were median sales prices, which could indicate a sellers’ market on the horizon.
Sarasota And Manatee Expect Strong Property Sales In March
Pending sales are an indication of where the market is going and what sales will be like next month and signs look positive…
Thursday, March 19th, 2015 at 4:29pm. 72 Views, 0 Comments.
John Ringling Gets Involved
The site was originally platted for development back in 1925 and was then owned by the famed John Ringling. It was from Golden Gate Point that his original causeway to Bird Key and St. Armands Key was built. He had big plans for the site, it seems, and in order to make it more attractive to buyers, he planted $15,000 worth of Canary Island Date Palms on the peninsula. But then came the Florida Land Boom failure…
Thursday, February 26th, 2015 at 4:16pm. 195 Views, 0 Comments.
When you buy at River Strand in Bradenton, you get more than a lovely, new construction home, more than just a view of the greens. You get the right to play on the beautiful River Strand course. Home purchases at River Strand includes either a full golf or social country club equity style membership. The golf memberships are available with the purchase of any luxury Terrace, Veranda or Coach home and social membership comes with the purchase of any home. Golf membership gives you access to the club's 27 holes, while social membership gives you access to River Strand's member facilities, with reasonably priced annual dues for tennis, fitness and social activities.
River Strand Golf Course
Considered one of the best courses in the Sarasota-Tampa area…
Tuesday, February 17th, 2015 at 3:47pm. 163 Views, 0 Comments.
What a year for real estate in Sarasota! Housing prices have been rising steadily, after a decade that saw homes sales hit an all-time high and then quickly crash to a record low, as high prices became unsustainable for home buyers. The economy is recovering and there can be no better evidence than the record number of closed transactions in Sarasota in 2014—11,550! This tops the 2004 record which saw a total of 11,482 closed transactions. Manatee County also had an outstanding year with 7,976 sales, just 28 sales shy of 2013's record setting year.
Return To Pre-Crisis Levels
The Association President Stafford Starcher says "This is truly historic news, and clearly demonstrates our region is experiencing a remarkable success story in real estate.…
Friday, February 13th, 2015 at 5:48pm. 83 Views, 0 Comments.
In the last year, US home prices went up by 6% and areas like Miami and Orlando, which had 13.6 % and 11.9% increases, respectively, were leading the pack. However, the cumulative increase in home values is slightly smaller than the 8% recorded in 2013 and that kind of gradual slowing is a sign of the times as the market heads for lower expected gains in 2015.
Second & Third Quarter 2014 Saw Increases In Housing Inventory
Within the second half of the year in 2014 inventory increased in many city markets across the US and with more homes on the market, value appreciation slowed down. Stan Humphries, the chief economist of Zillow makes the valuable point, “Looking at the total value of the US housing stock proves just how huge and important the…
Wednesday, January 21st, 2015 at 10:54am. 309 Views, 0 Comments.
A new destination shopping and entertainment complex has been inaugurated near Lakewood Ranch! After years of discussion and then construction, the Mall at University Town Center's 880,000 square feet of retail space opened with Saks Fifth Avenue, Macy's, Dillard's and more than 100 stores and restaurants. Making the Mall unique is the fact that many of the distinctive retailers are not found anywhere else in the local area, offering a diverse mix of fashion and lifestyle boutiques, combined with popular favorites, sit-down restaurants and a children's play area.
The Mall Is Sarasota's Largest Shopping Venue
The Mall at University Town Center is much bigger than what we have seen previously dedicated to retail in Sarasota. And in addition to retail,…
Friday, January 16th, 2015 at 5:03pm. 248 Views, 0 Comments.
Sarasota holds many wonderful opportunities for those who move to the area; from the warm weather, to the beautiful beaches and an assortment of restaurants and attractions. Lately we have been seeing Sarasota ranked highly on the charts of best places to live and it is no wonder since it has so much to offer! It has been named the best place to retire, top for international real estate as well as holding the number one beach in America.
Pine View High School Ranked No. 1 In The State
But most recently, one of Sarasota's local high schools; Pine View High School has been ranked number one school in the state! And it has been consistently in the top ten schools in the United States for years! This is a great factor for many of the families that have…
Monday, January 12th, 2015 at 2:52pm. 194 Views, 0 Comments.
It's a very exciting time at the Oaks Club. It's one of the most popular golf club and residential communities in the Sarasota area and soon it will be even better. In September of this year, ground was broken on the renovation of Heron, one of the two top-notch courses at the club. The work is being carried out by Jason Straka of Fry/Straka Global Golf Course Design and the 15-month project sounds like it will yield some spectacular results.
Sarasota Golf For All Generations
One of the main objectives of the renovation is to allow the course to appeal to a broader spectrum of golfers. The enhanced playability and improved infrastructure aim to make the course accessible for everyone from beginners to seasoned pros and six new tees are being added.…
Monday, January 5th, 2015 at 4:10pm. 97 Views, 0 Comments.
Though the brakes were applied slightly in November, the Sarasota real estate market is still on track to have one of its best years ever. By the end of November last year (the second best year on SAR's record books), sales had reached 10,257. By the end of November this year, however, closed sales are on 10,621, that's up by 364.
Lower Inventory Numbers And New Construction Affect Closed Sales Numbers
Closed sales in November were 711 (218 condos and 493 single-family homes). That represents a 7% drop over sales for November 2013 and a 30% decrease over October 2014. SAR President Peter Crowley speculated that lower inventory could be partially to blame for the drop off and that the uptake in new construction could also be a factor. Many new…
Friday, December 19th, 2014 at 9:18am. 271 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…