Blog - Gina Larouche

LOCAL INFO, Market Updates

June ’24 – Inventory Up, Prices too, but Low YOY …

According to The REALTOR® Association of Sarasota and Manatee (RASM) the data highlights a trend towards a more balanced market across both counties, with increasing inventory levels and more moderate price changes. The shift in inventory suggests that buyers may find more opportunities, while sellers may need to adjust expectations in light of the growing […]
Market Updates

May 2024 Real Estate Market Report: Trends in Sarasota & Manatee Counties

Key Trends in May 2024: • Sarasota County: Single-family homes are seeing stable sales and rising prices with increasing inventory, suggesting a shift towards a buyer’s market. The condo/townhouse market is showing a decrease in sales, with decreasing prices and increasing inventory, indicating a potential buyer’s market as well. • Manatee County: Both single-family homes […]
LOCAL INFO, Market Updates

Understanding Assignability of Contract

Understanding Assignability of Contract By Meredith Caruso Many real estate contracts allow buyers to “assign” their rights and obligations under the contract, and sellers can suddenly find themselves working with Joe rather than Sally. What’s a Realtor to do? Ask the right questions – and don’t give legal advice. ORLANDO, Fla. – Florida Realtors® […]
LOCAL INFO, Market Updates

Calm before the Storm: Low Inventory, Price Up …

LOCAL INFO June ’24 – Inventory Up, Prices too, but Low YOY … According to The REALTOR® Association of Sarasota and Manatee (RASM) the data highlights a trend towards a more balanced market across both counties, with increasing inventory levels and more moderate price changes. The shift in inventory suggests that buyers may find more opportunities, while sellers may need to adjust expectations in light of the growing […]

Market Updates May 2024 Real Estate Market Report: Trends in Sarasota & Manatee Counties Key Trends in May 2024: • Sarasota County: Single-family homes are seeing stable sales and rising prices with increasing inventory, suggesting a shift towards a buyer’s market. The condo/townhouse market is showing a decrease in sales, with decreasing prices and increasing inventory, indicating a potential buyer’s market as well. • Manatee County: Both single-family homes […]

LOCAL INFO Understanding Assignability of Contract Understanding Assignability of Contract By Meredith Caruso Many real estate contracts allow buyers to “assign” their rights and obligations under the contract, and sellers can suddenly find themselves working with Joe rather than Sally. What’s a Realtor to do? Ask the right questions – and don’t give legal advice. ORLANDO, Fla. – Florida Realtors® […]

LOCAL INFO Calm before the Storm: Low Inventory, Price Up …

LOCAL INFO April 2024 Real Estate Market Report: Sarasota and Manatee Counties . April 2024 Real Estate Market Report: Trends in Sarasota and Manatee Counties Posted by: Communications Department on Wednesday, May 22, 2024 The REALTOR® Association of Sarasota and Manatee (RASM) today released its monthly market report detailing the real estate trends for April 2024. The data reveals a significant shift in the […]

LOCAL INFO 2024 RE Market in Sarasota & Manatee: Trends and Predictions The 2024 Real Estate Market in Sarasota and Manatee Counties: Trends and Predictions. See FULL REPORT HERE SARASOTA, Fla. (April 18, 2024) – The real estate markets in Sarasota and Manatee counties have undergone significant changes throughout the first quarter of 2024, reflecting broader economic influences and evolving buyer and seller behaviors. This press release […]

LOCAL INFO ** Foreign Buyer Registration has begun today … 1/17/2024 FREC’s Affidavit Rule Effective Today By Amy Connolly FREC adopted a rule to implement a portion of Senate Bill 264 entitled Interests of Foreign Countries. ORLANDO, Fla. – A rule containing buyer affidavits went into effect today, Jan. 17, 2024. It was created by the Florida Real Estate Commission (FREC) with the help of industry […]

LOCAL INFO DECEMBER 2023 – HAPPENINGS IN SARASOTA !! Experience the enchantment of the 45th Annual Holiday Night of Lights, transforming St. Armands Circle into a Gulf Coast holiday haven. Immerse yourself in the festive kick-off at 5:30 p.m., followed by a joyous Christmas Carol Sing-a-long at 6 pm. Help Santa count down the final 10 seconds to illuminate the Circle with our 60-foot […]

LOCAL INFO Sarasota-Manatee Housing Inventory Climbs to its Highest Point for 2023 Housing inventory in both Sarasota County and Manatee County is on the rise, marking the highest number of listings reported this year in October. The latest data, sourced from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), indicates an uptick in home sales and an influx of new listings added to the […]

Market Updates October 2023 – Sarasota and Manatee Real Estate Report Sarasota-Manatee Housing Inventory Climbs to its Highest Point for 2023 SARASOTA, Fla. (November 21, 2023) – Housing inventory in both Sarasota County and Manatee County is on the rise, marking the highest number of listings reported this year in October. “Compared to the rest of the country where home sales are declining in most markets, […]

LOCAL INFO SEPTEMBER 2023 HOME SALES INCREASE FROM LAST YEAR’S HURRICANE Posted by: Communications Department on Thursday, October 19, 2023 Amidst the lingering impacts of Hurricane Ian’s disruption to Florida’s housing market last September, the latest data from Florida REALTORS® paints a contrasting picture for September 2023. While closed sales registered an unusually high year-over-year growth, median prices stayed relatively stable. September-2023-Press-Release-and-Statistics

Market Updates Sarasota Is the Country’s Second Most Popular Relocation Destination PODS, the portable moving company, recently shared its top 20 list of cities people are moving to. Sarasota is No. 2. By Kim Doleatto July 13, 2023 Sarasota still tops PODS’ list as one of the most moved-to cities in the country. The portable moving and storage-solutions company recently released its third-annual relocation trends report, which […]

Market Updates July 2023 RASM Stats for Sarasota & Manatee “Buyers are facing a trifecta: historically low inventory, home prices that have risen for over a decade, and higher interest rates today than a year ago.” Jessica Lautz, NAR’s Deputy Chief Economist and Vice-President of Research JUNE HOME SALES INCREASE IN NORTH PORT-SARASOTA-BRADENTON MSA Home sales in Manatee County have increased year-over-year for the […]

LOCAL INFO Why Focus on Radon? It Can Lead to Cancer For many buyers, radon is a contract detail or something noted during an inspection. But a large number of buyers don’t know what radon is or what it does. SARASOTA, Fla. – Dear Doctors: Would you please address radon gas? I’ve spent 40 years in real estate sales here in Florida, and while radon is […]

LOCAL INFO 20 Ways to Save Money on Homeowners’ Insurance By Hillard Grossman Most money-saving tips have a secondary side effect, such as increasing out-of-pocket costs after a disaster or no coverage at all for something you may need. MIAMI – Living in a Barbie’s World is getting more challenging as homeowners’ insurance rates soar. But, there are ways you might be able to keep […]

Market Updates NAR’s 2023 International Sales Report: 23% in Fla – JULY 2023 NAR’s 2023 International Sales Report: 23% in Fla. By Kerry Smith https://www.ancestry.com/family-tree/person/tree/5343825/person/212495814034/facts International buyers face the same challenges as domestic buyers: Transactions were down 9.6% year-to-year, and the number of homes sold (84.6K) declined 14.2%. WASHINGTON – From April 2022 through March 2023, foreign buyers purchased $53.3 billion worth of U.S. existing homes – 9.6% […]

LOCAL INFO Gov. Signs 3 Property Insurance Bills into Law – JUNE 2023 Gov. Signs 3 Property Insurance Bills into Law By Kerry Smith HB 881 expands the My Safe Florida Home program to most areas and increases minimum home values. SB 7052 boosts consumer protections and insurer accountability. HB 799 changes Citizens’ price increase “glide path” mainly for non-homesteaded properties. TALLAHASSEE, Fla. – Gov. Ron DeSantis signed […]

LOCAL INFO Senate Bill 264 – Interests of Foreign Countries – May 2023 Learn more about a new law that regulates the sale, purchase and ownership of certain properties in Florida by specific foreign principals, persons and entities. During Florida’s 2023 legislative session, lawmakers passed Senate Bill 264 – Interests of Foreign Countries. This bill was recently signed into law by Gov. Ron DeSantis and will take effect […]

LOCAL INFO Out-of-Town Moves Didn’t End with Pandemic – April 2023 Out-of-Town Moves Didn’t End with Pandemic By Kerry Smith Number of buyers looking within their metro dropped 15.6% in 1Q, but the number looking elsewhere fell only 4.2%. Fla. has 5 of top 10 want-to-move-to metros. SEATTLE – The pandemic-era trend of buyers relocating greater distances didn’t end with the pandemic. While Redfin says searches […]

LOCAL INFO Florida insurance policyholders hit with 1% emergency ‘assessment’ fee – April 2023 Florida insurance policyholders hit with 1% emergency ‘assessment’ fee 1% emergency ‘assessment’ to be collected to cover costs of claims https://www.clickorlando.com/news/2023/04/17/florida-insurance-policyholders-hit-with-1-emergency-assessment-fee/ TALLAHASSEE, Fla. – State insurance regulators last week signed off on a plan that will lead to policyholders throughout Florida paying extra on their bills because of property-insurer insolvencies. Insurance Commissioner Mike Yaworsky issued […]