Wednesday, July 1st, 2015 at 10:45am. 20 Views, 0 Comments.
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…
Wednesday, June 24th, 2015 at 3:34pm. 161 Views, 0 Comments.
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…
Monday, June 22nd, 2015 at 4:08pm. 125 Views, 0 Comments.
Anna 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…
Tuesday, June 9th, 2015 at 1:41pm. 122 Views, 0 Comments.
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…
Friday, May 8th, 2015 at 4:59pm. 260 Views, 0 Comments.
Well, 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…
Friday, May 1st, 2015 at 10:07am. 209 Views, 0 Comments.
The end is finally in sight for the saga that has been the story of the Dolphin Tower condominium on Sarasota Bay, since 2010. Five years ago a crack appearing in the building's 4th floor transfer slab forced the city to require the evacuation of the building over safety concerns. It has taken a number of years to come up with a remediation plan that could be agreed on by all owners and the city. That happened finally in 2014 and building permits were issued on a $9 million repair project.
Prime Sarasota Waterfront Condos
The building, which is 41 years old and has 116 residences, is situated in a prime location on Gulfstream Ave. and offers unobstructed bay views. Initially it was unclear whether it would be possible to save the Sarasota classic,…
Monday, April 27th, 2015 at 10:40am. 150 Views, 0 Comments.
It looks like 2015 is going to be a stellar year for real estate sales in Sarasota and Manatee counties. Sarasota in particular has seen a huge boost over the previous month, in fact, closed sales were almost 44% higher in March than February. Manatee was up significantly as well, with a 35% increase. Comparing year on year, sales are up as well 14% for Sarasota and 20% for Manatee and these numbers are particularly impressive, given the strong start the industry saw in 2014. All together there were 1201 closed sales this month in Sarasota and 800 in Manatee.
Manatee Homes For Sale Have Seen A Significant Price Increase
Median sales prices have also climbed when compared to last year. For single-family homes the price stood at $207,500 in Sarasota…
Friday, April 17th, 2015 at 2:59pm. 160 Views, 0 Comments.
Grab your sandals and sunglasses, because the vacation home market is hot, hot, HOT!
Every year, the National Association of REALTORS puts together an Investment and Vacation Home Buyers Survey to get a pulse on the market. The 2014 survey revealed the highest sale numbers for vacation homes since its inception in 2003, with vacation home sales increased to a total of 1.13 million homes sold. To put that into perspective, 2013 only had 717,000 vacation homes sold.
Sarasota Vacation & Beach Homes Surge In Popularity
When it comes to Sarasota, this news is even better. The most popular vacation homes are single-family beach homes, and it turns out that vacationers are willing to travel hundreds of miles to their vacation homes. The median distance…
Thursday, April 2nd, 2015 at 10:50am. 401 Views, 0 Comments.
About a year ago, we first wrote about the Park Residences, a new condo development on Lido Key. This was exciting news indeed as new construction on Lido is rare and this development was particularly exciting because the design is stunning. We are pleased to be able to say now that construction is underway and the condos are on course to be ready for occupancy in November of this year. There are still several units available in this boutique community, with just 18 units in two buildings. And best of all, it's just a block from the beach and enjoys unobstructed views of park it faces and the gulf beyond.
Lido Key Luxury Condos
Pricing for these residences starts at around $1.3 million, rising to $1.6 for the fantastic penthouse units which include…
Thursday, March 26th, 2015 at 3:17pm. 154 Views, 0 Comments.
For those of you that prefer pictures to words click to enlarge our infographic sum up of the February real estate market in Sarasota and Manatee Counties.
After the record setting sales of last year, it’s hard to believe this one could be even better, but the February’s sales for homes in Sarasota and Manatee seem to suggest that could be the case. Pending sales and closed sales were both up last month over the first month of this year and over last year’s numbers as well. Also rising were median sales prices, which could indicate a sellers’ market on the horizon.
Sarasota And Manatee Expect Strong Property Sales In March
Pending sales are an indication of where the market is going and what sales will be like next month and signs look positive…