Sarasota, Florida (May 2017) -- In the latest figures compiled by My Florida Regional MLS, the April 2017 residential real estate market looks quite healthy. During April of this year, an increase occurred in single family home sales, median sales prices, and inventory across Sarasota and Manatee, in comparison to April 2016.
Sarasota and Manatee Median Home Prices
Median home prices in Sarasota County rose by 9 percent for single family properties, rising to $272,500. While in Manatee County, single family median prices rose by 5.4 percent, up to $285,000. However, condos median prices in Sarasota Counties declined by 1.4 percent, falling to $215,000. But, condo median prices in Manatee County did rise by 2.1 percent, bringing it up to $170,500.
The number of new listings put into the local MLS across both Sarasota and Manatee counties decreased from March, likely marking the end of the season. "This year’s season started slow in January, but picked up steam in February and March, levelling out again in April," said Xena Vallone, the President 2017 Realtor Association of Sarasota and Manatee said.
Top five luxury homes closed in April
1372 Harbor Dr, 4 bedrooms, 3 full baths,... read article
Sarasota, Florida (April 2017) -- During the month of March, the Sarasota-Manatee real estate market experienced a sales bump as the season begins to wind down. In fact, data collected by the Florida Realtors of My Florida Regional MLS, shows strong numbers in county combined closed sales for condos and single family properties. Those combined sales represent an increase of 6.2 percent over March 2016.
Sarasota and Manatee Closed and Pending Sales
This continues a trend, as single family homes in Sarasota County increased by 2.4 percent and condo sales rose by 0.4 percent in February. For Manatee County, closed sales for single family residences rose by 6.6 percent in February.
For the month of March, condo sales in Sarasota increased by 13.5 percent, compared to last year, while single family property sales rose 2.6 percent. In Manatee, condos actually experienced a dip of 4.4 percent, compared to last year, but single family home sales rose by 11.7 percent.
Pending sales -- the number of listings which went under contract during the month -- are generally considered a strong indicator of the following month's sales performance. In both Sarasota and Manatee counties, pending sales rose by 6.1 percent, compared to March 2016. This, despite... read article
As the Sarasota market continues to favor sellers, more homeowners are jumping in, opting to sell their properties as home value steadily rise. So, now is the time to know the best seller open house hosting tips to get top dollar and increase your return on investment. Buyers are eager to take advantage of the near historically low interest rates and to purchase before prices rise too high. It's all a matter of making the right impression, well before buyers see your home in-person.
Best Seller Open House Hosting Tips
Data collected by the National Association of Realtors reveals 92 percent of home searches begin on the internet. This figure certainly isn't surprising because it's the simple and easiest way to see scores of homes. Of course, clicking and tapping through hundreds of photos isn't a substitute for real-time experience. Buyers need to be on-site in order to get a complete understanding of what the home offers, the neighborhood dynamics, and more. But, to get buyers to actually see your home, said photos must pique interest and cause people to act.
Located in Sarasota Bay, just south of the Ringling Causeway and nearby St. Armands Key, lies Bird Key. Originally, the small island was connected by a causeway which ran between it and the Ringling Causeway. Known as one of the most desirable locations on Florida's west coast, Bird Key was home to John Ringling North, a nephew of the famous circus magnate. Other famous residents include hard rock singer Brian Johnson and tennis star Martina Navratilova. And, one of its biggest boasts is the Bird Key Yacht Club, offering a marina, event hosting and much more.
Bird Key Sarasota History
Bird Key wasn't always the beautiful jewel we enjoy today. Back at the beginning of the last century, the small island was no more than a flocking ground for birds (hence the namesake). It only stood a few feet about the shallow grass flats surrounding it. That is, until Cincinnati transplant Thomas Martin Worcester fell in love with the plentiful fishing nearby.
The Worcesters and Arvida Realty Company
About late 1911 or early 1912, Mr. Worcester and his wife began to dredge and fill, raising the island out of the water by approximately 5... read article
The Bradenton-Sarasota-North Port earned the honor of being named the number 1 region for well-being in the country, according to research by the Gallup organization. Its well-being index scores 64.1, the highest among the 100 most populous metropolitan areas in the United States. Bradenton-Sarasota outranked Honolulu, Hawaii, Oxnard-Thousand Oaks-Ventura, Raleigh, North Carolina and Winston-Salem, North Carolina. What's more, Bradenton-Sarasota is the only metro area in the state of Florida to rank in the top 10.
Gallup Research: Bradenton-Sarasota Well-Being Rating Highest in United States
The Bradenton-Sarasota area scored high in all five essential elements of the study. The elements include residents being happy with their work; enjoying supportive relationships; managing the finances responsibly for less stress; liking their location; feeling safe and possessing good health, as well as reporting high energy levels. This means residents of the Bradenton-Sarasota are content and feel secure in their finances, community and purpose.
"Improving and sustaining high well-being is vital to any population's overall health and economy. State, local and business leaders should consider specific well-being interventions that make the healthy choice the easy choice for their population. A comprehensive long-term environmental strategy creates... read article
Virtually uninhabited since settlers came to Florida, Siesta Key is a relatively new community. In the 16th century, the peninsula which would become the 22nd largest and 3rd most populous state in America, was home only to a few native Indian tribes. In 1513, Europeans began to explore the land. But, it wasn't until the early part of the 20th century, Siesta Key even became home to some daring families. At the time, it was completely unrecognizable from today. In fact, it's a wonderful transformation. And, it all started in earnest when one ambitious entrepreneur opened a fertilizer plant in about 1848.
Siesta Key History
Today, four districts comprise Siesta Key: Siesta Beach, Crescent Beach, Turtle Beach, and Siesta Key Village. But this certainly wasn't always the case. Home to just a few fisherman families, with plenty of mosquitoes and snakes to contend, its dense vegetation, wildcats, boars, and sand fleas made it all but uninhabitable. In fact, the only way to get supplies from the mainland was by boat, across Sarasota Bay. Therefore, it's no surprise only the most hardy and handy of families could call this... read article
Known for its beautiful, sprawling, white sand beaches, its wonderfully mild winters and balmy summers, Sarasota, is home to much history. With its many challenging and gorgeous golf courses, great marinas, museums, shopping districts, and more, Sarasota is a terrific place to live.
Strolling along the beaches and touring downtown, as well as inland, it’s difficult to believe Sarasota was so different in the early to mid-nineteenth century. Once known as Zara Zote, eventually, it became Sara Sota, until the name morphed into its modern carnation.
Sarasota Florida History
Sarasota saw its first real visitors with the arrival of the Spanish in the early 1500’s. In 1539, Spanish Conquistador Hernando de Soto arrived in “ZaraSota,” a name meaning "Radiance of Soto." The peninsula became a territory of the United States in 1819 and later earned its statehood in 1845. Fort Armistead became the first Army military installation. For many years, Spanish, European, Cuban, Mexican, South American, and eventually, Americans traded in the area. The arrival of William H. Whitaker of Savannah, became one the very first settlers, establishing a residence on Whitaker Bayou in the 1840's.
Sarasota,... read article
In a reversal from previous months, the two county, Sarasota-Manatee market experienced a change during the month of October. Both inventory and pending sales increased, converse to the last few to several months. Combining Sarasota and Manatee counties, inventory increased by 17.5 percent over last year, as well as 3.1 percent up from September. This marks a reversal in the trend which began earlier in the year.
“Not only did we see an increase in the number of contracts written in October compared to last year but this is a reversal of the trend for most of this year, when contracts written were lower than the previous year. This should lead to more closed sales in the next sixty days," said 2016 RASM President, Linda Formella.
Top five luxury homes closed in October
2120 Casey Key Rd, 5 bedrooms, 5 full baths, 2 half bath $3,200,000
1300 Benjamin Franklin Dr, 3 bedrooms, 3 full baths, 1 half bath $2,850,000
443 Meadow Lark Dr, 3 bedrooms,4 full baths $2,625,000
931 Blue Heron Overlook,4 bedrooms,5 full baths,2 half bath $3,200,000
1304 N Lake Shore Dr, 4 bedrooms, 4 full baths, 1 half bath $2,400,000
Median Home Prices
In addition to increased inventory, pending sales and median prices... read article
With median prices rising in Sarasota, a small amount of inventory competition, homeowners considering selling are in a ripe environment. Buyers have just as much incentive because of rising median prices and still near-historic interest rates. The process of selling a home is a challenging one but definitely not insurmountable. One of the obstacles some sellers face is trying to market an empty home. You might wonder if there's really a difference between an empty house and an occupied property. Experienced real estate professionals know there indeed is a difference but the reasons easily alude.
Why an Empty Home is Difficult to Sell
It could be time for you to buy a bigger home, shorten your commute, or even downsize. Whatever the reason, you should understand there's a real combination of art and science which goes into selling a home. After all, you want a good return-on-investment and to sell as soon as possible but there are factors which must be taken into consideration. For instance, as the seller, you are required by Florida law to make certain disclosures. So, if you did or know... read article
You're ready to sell your home, done some kitchen remodeling updates, along with a few other key improvements; and now, it's time to move forward. The good news is, the current local Sarasota real estate market favors sellers, but this doesn't mean it will be a short process. Buyers will continue picking and choosing which homes to see in-person after hours of going through online listings. If there's one aspect of home selling you should be very concerned with, it's how your home presents on the internet. The vast majority of home searches begin on the web, so, it's paramount your property pique interest and you should know which of the biggest real estate seller listing picture mistakes to avoid.
Biggest Real Estate Seller Listing Picture Mistakes
When people start their searches for residences in their locality, there are a few key reasons buyers choose a home. These primarily include: location, price, condition, energy efficiency, and various surfaces, components, and systems. However, even if a home is in an ideal location, is priced right, in good condition, and is energy-efficient, if it does not strike... read article