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Sarasota Real Estate Blog

October 2015 sarasota real estate market statisticsSales Slightly Lower, but 2015 Still on Pace for a Record

Overall sales typically tend to level off during the fall, and October 2015 was no exception. Sarasota and Manatee counties saw overall sales of 880 and 708, respectively, for a combined total of 1,588. This number is slightly lower than September's 1608 sales, and October 2014's sales of 1712. The most significant change occurred in Sarasota County, where the number of single family home sales decreased more than 17% from last October. With that being said, 2015 is still on a record pace for the highest number of closed sales in Sarasota and Manatee counties.

Inventory May Be Up, But It's Still Historically Low

While inventory is still significantly lower than October 2014's nearly 6,700

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sarasota, fl best place to retireJust as Sarasota was coming off a victory as one of the top 100 best places to live, it's been given another accolade courtesy of Livability: The 2nd Best Place to Retire!

Based on a data-driven study of ranking factors especially of concern to retirees, such as health-care spending, cost of living, climate, and a host of others (yes, golf was one of them!), Livability chose Sarasota, FL and 9 other U.S. cities to be on its shortlist of greatest places to retire.

One of the Best Places to Live

Reasons why Sarasota was chosen as one of the best places to retire are similar to those that make it one of the best places to live: warm climate, plenty of things to do, affordable housing and an excellent quality of life. In addition to those amazing

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sarasota real estate market stats september 2015The Streak Might be Over, but Sales are Still Strong

September is traditionally a slower month for the Manatee and Sarasota real estate market, and this year appears to be quite similar to 2014. Property sales in both counties dropped almost 6% from August’s 1709 to 1608, and for the first time since February 2015, Sarasota County’s closed sales fell below the 1,000 level. That being said, the last six months’ sales have been record-setting, and this September’s sales were almost unchanged from last year’s.

Higher Inventory Still Historically Low

The combined September inventory of single-family homes and condos in Sarasota County was 3,337, slightly up from August’s 3,303 but down from last September’s 3,666. Manatee County saw a similar trend

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sarasota, fl best place to liveFor three years now, Livability has been putting together an annual "Top 100 Best Places to Live" list. In collaboration with industry professionals, economists, and advisors, they scrutinize a variety of factors that make or break a city, such as housing, sustainability, education, amenities, etc. In the end, over 40 different data points are used to rank small to mid-sized U.S. cities (populations between 20,000 to 350,000 people) and determine the best of the best in terms of livability.

For 2016, we are ecstatic to see that out of more than 2000 cities, our own Sarasota, FL ranks #31 on Livability's "Top 100 Best Places to Live"! Read on to find out why we love Sarasota so much and why, if you aren't already, you should be calling this place

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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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