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Sarasota Real Estate Blog

lakewoo-ranch-florida-real-estateLast month, Lakewood Ranch was ranked as one of the top-selling master-planned communities in the U.S., by a real estate firm in California, and another in Maryland.

In 2015, nearly 30,000 people visited Lakewood Ranch information centers and model homes. This ultimately lead to a whopping total of 535 home sales, an increase of almost 15% from 2014's numbers.

The success of the community has been attributed to its developer's strategy of bringing in various home builders, so that prospective buyers have a variety of housing styles, sizes and price ranges to choose from.

 

There are many other things that make Lakewood Ranch the perfect place to live, work and play, though! Keep reading to learn more about this beautiful community and to find

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sarasota real estate stats december 2015Another Record-Breaking Year for Manatee & Sarasota Real Estate

2015 was a record-breaking year for the Manatee and Sarasota real estate market in terms of closed sales. The two-county area saw a total of 20,691 closed sales, the highest in the Realtor® Association of Sarasota and Manatee's history, and 1,302 more than last year's (at the time) record total.

Linda Formella, 2016 Realtor® Association of Sarasota and Manatee President, commends the dedication of the association's members, which no doubt played a part in the community's success and growth. “Our industry has been steadily and soundly rebuilding and I am so proud of our professional Realtors® and all the industries that support the real estate community.”

Increased Property Sales &

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longboat key floridaLocated in both Sarasota and Manatee counties, the 11-mile long barrier island of Longboat Key has many accolades to its name, the most recent of which comes from Condé Nast Traveler.

Last October, Longboat Key was recognized by the magazine's 2015 Readers' Choice Awards as the ninth best island in the U.S. Only one other Florida area, Amelia Island, made the list, while the top spots went to islands in Hawaii.

Keep reading to find out why Team Coffey & Co. loves Longboat Key and why you should consider living here, if you aren't fortunate enough to already.

Privacy & Seclusion

Located between Anna Maria Island and Lido Key, Longboat Key is the most private of Sarasota's barrier islands. With an already secluded and relaxed atmosphere,

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november 2015 sarasota real estate market statisticsClosed Sales & Median Sale Prices Follow Seasonal Trends

The Manatee and Sarasota real estate market followed typical trends for this time of year. In November, closed sales in Sarasota and Manatee counties were 774 and 530, respectively, for a combined total of 1304. This number is down almost 18% from October's 1588 sales, but up 2.6% from last November.

Median sale prices for condos and single-family homes were also up from November 2014. In Sarasota County, single-family home median sale prices increased by 18.5%, while condo median sale prices increased by 13.2%. Manatee County followed a similar trend, with increases of 14.9% and 12.8% for single-family homes and condos, respectively.

Inventory: Manatee & Sarasota Homes for Sale on the

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The Sarasota area has yet another accolade to add to its collection thanks to TripAdvisor's Travelers' Choice Awards. Siesta Beach was voted the best beach in the U.S.!

siesta beachThe user-review travel site used rankings from millions of online reviews and ratings left on TripAdvisor.com last year. Taking into account both the quantity and quality of the reviews, TripAdvisor came up with a list of the top 25 beaches in the U.S., and a second list featuring the top 25 beaches in the world.

Siesta Beach came in at #1 on the first list and was the only beach in the United States to appear on the second list, coming it at #14. Keep reading to find out more about what makes Siesta Beach so amazing!

Soft, Sugar-like Sand

Siesta Beach has some of the finest

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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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