Wednesday, January 21st, 2015 at 10:54am. 120 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. 155 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. 133 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. 49 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. 216 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…
Friday, December 5th, 2014 at 12:09pm. 159 Views, 0 Comments.
Luxury home sales are exploding and taking over the real estate market! Compared to last year, homes priced over $1 million have increased by 16%, making this the biggest increase compared to any other price segment in the real estate market. The most significant growth in luxury markets mostly centered on big cities like Miami, Los Angeles, Riverside, and New York and many of these luxury buyers are international, coming from places as diverse and distant as China, Canada, Europe, Russia, and South America.
Sales Of Luxury Homes Up 12%
While there is a continuous increase of buyers in the luxury market, statistics have shown that homes priced under 100,000 have dropped 6% in the past year while luxury homes priced between $750,000 to $1 million…
Tuesday, November 25th, 2014 at 9:44am. 232 Views, 0 Comments.
International buyers flock to Florida for our warm winters and appealing home prices! According to the National Association of Realtors, the Sarasota-Manatee region has been ranked fourth statewide in the percentage of foreign buyers purchasing homes, accounting for 8 percent of all single-family home and condominium sales. “Florida is one of the major U.S. destinations of international residential real estate buyers,” said study author Lawrence Yun, the NAR's chief economist.
Weather And Housing Prices Are Major Factors
“Approximately 25 percent of foreign buyers in the U.S. purchase property in Florida.” The largest group of international buyers we are seeing are the Canadians, and it’s because they are sick of the cold! Already a popular winter…
Friday, November 21st, 2014 at 3:18pm. 195 Views, 0 Comments.
A recent study by the Tax Foundation has named the state of Florida fifth in the nation, for its business tax climate. States with the best tax systems are the most competitive at attracting new businesses and most effective at generating economic and employment growth. That's a fact and it puts Florida in an enviable position. The Tax Foundation takes into account five factors when figuring their rankings—individual income tax, sales tax, corporate tax, property tax and unemployment insurance—and while Florida scored fairly well on all of them, individual income tax was the standout.
No Individual Income Tax In Florida
The study gives its five factors weighted rankings,* as some factors are considered more important than others. At 32% of the…
Friday, November 14th, 2014 at 12:30pm. 259 Views, 0 Comments.
There can't be very many golf communities that have as interesting and heart-warming a back story as the Concession. Situated amidst protected wetlands and towering stands of oak, magnolia and pine trees that were left untouched during the construction of the course, the setting is breathtaking. But this place is so much more than its setting or even the challenges of the course itself.
The Original Concession
It's a testament to friendship and good sportsmanship. The course was co-designed by Jack Nicklaus and Tony Jacklin and was opened in 2006, almost forty years after the historic event which sealed their friendship and gave the course its name. That event, "the concession", came in the final moments of the 1969 Ryder Cup, which Nicklaus…
Tuesday, October 28th, 2014 at 5:49pm. 509 Views, 0 Comments.
The Sarasota real estate market is on course for a better year than 2013, and that's saying something, because last year was outstanding. In fact, since the Sarasota Association of Realtors began keeping track, only back in 2004 did the market perform better. This month closed transactions were up 14% over last September, with 934 properties sold over last year’s 817 and pending sales are also indicating a strong October on the way, as they are up significantly over last year.
Condo Prices In Sarasota Continue To Rise
The market for condos continues to be strong in the county, with the median price pushing up 10% over last month and reaching $195,000. This is also an 18% increase over last year in September, when the median price was $165,000. When…