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Sarasota Real Estate Blog

August 2015 sarasota real estate market statisticsInventory Drops & Sales Prices Climb

August’s inventory of Manatee and Sarasota homes and condos for sale is about 40% lower than it was when the market reached equilibrium between buyers and sellers back in 2013. This reduced inventory has caused median sale prices to skyrocket in both counties, creating a strong seller’s market.

In Sarasota County, the median sale price of single-family homes increased by over 20% compared to August 2014, while condos increased in price by almost 25%. Manatee County experienced a similar trend, with median sale price increases of almost 19% and 27% for single-family homes and condos, respectively.

Reduced Days On Market & High Sales

In August 2014, the median days on market for Manatee and Sarasota County

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Property sales in Sarasota and Manatee counties continue to rise at a record-breaking annual rate! With increased sale prices and low inventory, the market is hot and ripe for sellers. If things continue along this path, 2015 will upend 2014’s all-time record for the highest number of sales in the region.

Property Sales & Prices Continue to Rise

july 2015 sarasota real estate stats infographic

The two-county region saw a total of 1,974 closings this month, an increase of 23.5% over last year’s total of 1,600! Sarasota County saw a total of 1,174 closings and Manatee County saw 768. While sales in both counties are down from last month’s figures (1,165 and 875, respectively), they are significantly higher than July 2014’s numbers.

Price Increases for Manatee & Sarasota Homes for Sale

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sarasota golf course communities

With a perfect climate and stunning natural landscapes, it’s no wonder that the Sarasota area is home to some of the finest golf courses in Florida. Perhaps even better than the courses themselves however, are the luxurious residences that surround them. These Sarasota golf course communities are highly sought after, offering so much more than golf, and encompassing the perfect Floridian lifestyle. Check out the list below featuring some of our favorite golf communities in Sarasota, FL.

Waterlefe Golf and River Club
A breathtaking setting and a top-ranked golf course—what more could you ask for? Waterlefe truly offers the best of Florida resort-style living. With a mix of residence styles from condos to manor homes, and many waterfront properties,

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sarasota real estate June 2015 infographcPending Sales are down but closed sales are up! This gap between pending sales in May and actual sales in June is a really good indication of how hot the Sarasota and Manatee markets are right now. A significant number of homes are going on the market and selling all within the course of less than a month and so never show up in our pending sales statistics. are particularly popular at the moment with a median days on the market of 43.

Inventory In the Two Counties Continues To Shrink…

These quick sales also mean that inventory numbers in the two counties continue to fall, which is having a knock on effect on prices in some sectors of the market. The number of single family homes for sale in Sarasota County is particularly low, with just a 3.5

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Looking for a home that appeals to the imagination? Our new Osprey listing offers homebuyers a truly unique waterfront property. Elevated on 40’ pilings and with a broad “trunk” with 12 branch-like beams supporting this circular home (it’s actually has twelve sides), it’s easy to imagine you are living in a treehouse. A treehouse with spectacular 180 degree views of Little Sarasota Bay and Casey Key.

An Entertainers Dream

The home, which was built in 1985, is almost 4000 square feet with two bedrooms and four bathrooms. An entertainers dream, the residence is dominated by a 75’ great room with spectacular views from sliding doors leasing out to a wraparound balcony. The room also has a large stone fireplace and a showpiece floating staircase leading

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It is looking increasingly likely that if 2015 continues on its current pace, it will be another record year of real estate sales for the Sarasota and Manatee housing markets. Home sales in Sarasota in the month of May were very similar to April's record setting figures. Total sales for the county were 1182, just 42 short of last month's number. In Manatee, meanwhile, the picture was even rosier. Sales for the month were 827, which was 14 more than in April and 79 more than May of last year.

Home Prices Are Trending Upwards In Sarasota And Manatee

In the month of May the median price for a single-family home in Manatee was $257,111 and in Sarasota it was $230,000. For Manatee that represents an increase of 14.3 percent over last year and it's a 20

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We at Team Coffey & Co. have remarked several times in this blog that Harbor Acres is one of our favorite neighborhoods in Sarasota. So you know we are very pleased to have been given the opportunity to market a spectacular home in the community. The 5000+ square foot Mediterranean-style estate, which is set on a quarter acre lot and enjoys extensive water frontage and breathtaking views of Sarasota Bay, was recently featured on Sarasota's ABC 7 News.

A Grand Entryway Sets The Tone

Built in 2000 by homeowner Victor Lippa, this ideal family home has five bedrooms and six bathrooms. The home's grand entry way sets the tone, taking you through 10' mahogany double doors with beautiful carved inlay. In the entry a sweeping stair case leads to the upper

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View of Anna Maria Island waterfrontAnna Maria Island: Standout Destination

There are plenty of gorgeous places to find waterfront properties in Florida and they all have unmatched views of breathtaking sunsets and sunrises. Anna Maria Island, however, has always stood out. This lovely barrier island is just a slender strip of land off the Gulf of Mexico and has long remained one of Florida’s hidden gems: a paradise veiled by water and situated just out of sight from the region’s many vacationers. Only seven miles long and two miles wide, properties on this floating beach are never far from its crystalline-touched shores.

Naturally, over the past year and a half, Anna Maria Island has received stunning praise from a variety of highly-read publications including Condé Nast Traveler and

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It's an exciting time in the Sarasota real estate market and for Team Coffey & Co. We are very pleased to have been named the top team in Sarasota County when it came to real estate sales in the first quarter of the year. We sold $25.3 million dollars’ worth of real estate in the first three months of the year and are looking forward to keeping that momentum going. And given how hot the Sarasota market is at the moment, that shouldn't be a problem.

April Breaks Sarasota Real Estate Records

It has been building for a while now and in April, the expected happened. Real estate sales in Sarasota County set a new monthly record. That month 1,224 homes were sold, beating out the record set exactly 11 years ago by one! That's right, in April 2004, at the

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living in sarasotaWell, we've always known there is no place better to live than Sarasota, but now it's been confirmed. Every year Gallup does a survey to assess the nation's well-being and in 2014, the North Port-Sarasota-Bradenton area came out tops! The survey looks at 5 elements of well-being—purpose, social, financial, community and physical—in the 100 most populous metropolitan areas in the country. To gather the information Gallup interviewed an incredible 176,702 people and around 300 or so in the Sarasota area.

Financial Well-Being Means Less Stress For Sarasota Residents

While, not topping the ranks in any of the individual categories, Sarasota was in the top five for three of the elements and in the top 15 for the other two. Financial well-being was a

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