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Sarasota Real Estate Blog

It's that time of year again. The spring market is in full swing and crowds of buyers are fighting over their dream house—or at least the closest thing to it, considering this year's nationwide inventory shortage isn't leaving many options. So, what does that mean? For the most part, higher prices, more competition and a whole lot of bids. Listings in good condition tend to get multiple offers this time of year, and buyers are putting forth their strongest submissions—cash offers, over-asking, fast closings, no contingencies, etc. But creativity is the name of the game in this year's competitive market. Buyers are inspired to win over the seller's emotional side. Here are the latest home-buying trends for beating out the competition in a swarming

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With consideration that it is only May of 2018, this two-county area has already closed on 5,015 properties which is a substantial increase from this time last year! While the inventory levels dropped during the month of March, the median prices only continue to rise. This past month has also shown pending sales increasing greatly with indicating more closed sales on the horizon. Altogether, the closed sales for single-family homes and condos have raised 2.3% with comparison to this time last year! The condominium market has had an improvement with sales with a 9.9% increase in Sarasota County and a 9.7% increase in Manatee County. On the other hand, single-family home sales have lowered about 0.2% to 580 in Manatee County and Sarasota County decreased by

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According to the U.S. News & World Report, Sarasota, FL has been recognized as the number one place to retire. If you are looking to maximize your retirement while  living in one of the best places then take note: Sarasota has now outranked all of the other cities when considering happiness and satisfaction. This beautiful city has  actually beat San Antonio and Pennsylvania by a long shot! Some of you may be wondering how exactly it was determined that Sarasota is the #1 city for a retiree to  live- well this city was given this spot by evaluating a plethora of criteria such as "the happiness index, housing affordability, retiree taxes, job market, quality of  healthcare and desirability." This South West region, which can be found about an hour from

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Recently, the overall housing construction has not been up to pace with the population growth in the U.S.- this has been going on for more than an entire decade! To prevent shortages from happening across the nation, all builders will need to consider the fact that they will need to construct 7.3 million more homes, according to a new report. "The Up for Growth National Coalition, a group of real estate developers, owners, and builders of affordable housing, finds that since 2000, builders in about 22 states and the District of Columbia have not constructed enough homes to sustain population growth."

California is the most in need of new housing, having built 3.4 million fewer homes than necessary to support its population during this time period,

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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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