SRQ RE Market Updates

Local INFO Why a repeat of the 2008 housing crash is unlikely … With U.S. home prices sharply higher and mortgage rates rising, consumers and investors alike are wondering if the environment for housing is still constructive. Home prices are on average almost 40% higher than before the pandemic.1 Mortgage rates have jumped over 200 basis points year to date, reducing purchasing power.2 Low affordability suggests that some […]
Buyers Dreaming July 2022 – Local Market Snapshot CLOSED SALES DECREASE IN SARASOTA AND MANATEE AS INVENTORY CONTINUES TO GROW Click here for the July 2022 Press Release and Statistics. The inventory of active listings in the two-county region continues to increase year-over-year in July 2022. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), […]
Buyers Dreaming Nations Top 20 – has Sarasota as No 1 !!! Nov 2021 U.S. News & World Report: Fla. Has 8 of Top 10 ‘Best Retirement’ Metros By Phil Fernandez The magazine’s 2021 list ranks Fla. metros in the top four spots– Sarasota, Naples, Daytona Beach and Melbourne – but 7 other Fla. metros also made it into the top 20. NAPLES, Fla. – It may be getting […]
Buyers Dreaming Property Fraud Alerts, a growing Problem … 2021 Property Fraud Alerts in Sarasota and Manatee Counties…. Property and identity fraud are a nationwide problem. By filing fake deeds, scammers appear to own property, and can fraudulently rent or sell the property without the knowledge of the true owner. Your Sarasota Clerk and Comptroller wants to help you in protecting against property fraud. By […]
Buyers Dreaming Longboat Key Named Fifth Best Island in the U.S… 2021 The annual reader-sourced “World’s Best” list invites Travel + Leisure’s audience to vote on the best destinations and experiences worldwide. Travel + Leisure recently ranked Longboat Key as the No. 5 best island in the U.S. in its 2021 “World’s Best” awards. The annual reader-sourced list invites Travel + Leisure’s audience to vote on the […]
Buyers Dreaming Market Update: Sept 2021 .. HOUSING NEWS Mortgage Credit Availability Improves in August If you want to be approved for a mortgage, you have to qualify. Which means, if you have too much debt, too little income, or bad credit, you may not be able to get a loan. Put simply, you have to have your finances in order, if […]
Local INFO Real Estate  –  The July 2021 MLS Statistics Real Estate  –  The July 2021 MLS Statistics SARASOTA, Fla. (August 23, 2021) – Closed sales decreased in July 2021, the first year-over-year decrease since May 2020 for Sarasota and Manatee counties. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), the July 2021 market stays on-trend with […]
Buyers Dreaming Sarasota FL – 100 of WORLD’S GREATEST PLACES 2021, OCT 2021 Two Florida cities named among World’s 100 Greatest Places by Time magazine The list recognizes “100 unique destinations that are offering visitors an extraordinary experience that’s unlike any other.” Featuring both Orlando and Sarasota. https://time.com/collection/worlds-greatest-places-2021/6079302/sarasota-florida/ The write-up on Orlando focused on the city’s abundance of amusement parks, including “the crown jewel of American theme parks” Walt Disney World and the 18-month celebration […]
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Local INFO HIGH DEMAND & LOW SUPPLY FUELS RISING PRICES in SRQ, JUNE 2021 High Demand and Low Supply Fuels Rising Prices in Sarasota-Manatee Click here for the May 2021 Press Release and Statistics. The June 2021 Year-End Stats will be released on July 22. SARASOTA, Fla. (June 22, 2021) – Record-low inventory brings record-high prices in the Sarasota and Manatee housing market. According to data from Florida REALTORS® […]
Local INFO Trend of more home sales & rising prices in 2021, APRIL The Sarasota and Manatee housing market continues the trend of more home sales and rising prices in April 2021. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), April reported more sales, more new listings, and record-high prices. “It’s hard to compare to last year because of […]
Buyers Dreaming Best Places to Retire? Sarasota is No. 1. OCTOBER 2020 OCTOBER 14, 2020 Best Places to Retire? 13 of the ‘Top 25’ Are in Fla. By Kerry Smith U.S. News & World Report’s latest ranking of top retirement communities could have almost said, “Pick any town in Fla.” Seven Fla. metros are in the top 10: Sarasota (No. 1), Fort Myers (2), Port St. Lucie […]
Local INFO 3 Fla. Cities Now Hotter Than Before Pandemic – AUGUST 2020 AUGUST 13, 2020 RE Recovery Index: 3 Fla. Cities Now Hotter Than Before Pandemic By Kerry Smith The real estate market is better than before the pandemic, according to realtor.com’s weekly index, as a third Fla. metro area rose into positive territory. SANTA CLARA, Calif. – The U.S. real estate market is doing better than […]
Local INFO Buyers want it, Sellers have it? Inventory…! MARCH 2020 Low Inventory Generates Strongest Seller’s Market in 15 years Housing inventory. Buyers want it, Sellers have control of it and Realtors are hustling to work with what’s available while generating new listings to keep up with the demand. Even during these extraordinary times and the looming affects of COVID-19, real estate is as hot as ever. […]
Local INFO June 2020, Existing-Home Sales Climb Record 20.7% JULY 22, 2020 NAR: June Existing-Home Sales Climb Record 20.7% U.S. home sales rose a record amount month-to-month in June, NAR says – but part of the reason is because May sales fell dramatically in the early days of the pandemic. WASHINGTON – Existing-home sales rebounded at a record pace in June, according to the […]
Buyers Dreaming Best Beach Towns for Homeownership? Sarasota No. 6. JANUARY 2020 Best Beach Towns for Homeownership?   Sarasota  No. 6  out of 145 ! By Kerry Smith JUNE 17, 2020 WalletHub ranked 145 U.S. cities by affordability, weather, safety and economy. The final list includes 22 Fla. cities with 4 in the top 10 and 9 in the top 25. ORLANDO, Fla. – WalletHub released its […]
Buyers Dreaming Sarasota: # 2 in Florida for Best to Retire in FL… AGAIN! 2019 OCTOBER 9, 2019 3 Fla. Cities in Top 10 ‘Best Places to Retire’ list U.S. News & World Report: Out of 125 cities ranked, 10 Fla. cities are in the top 50. In top 10: 1) Fort Myers, 2) Sarasota, 5) Port St. Lucie and 6) Jacksonville. WASHINGTON – U.S. News & World Report released […]
Local INFO Study: Florida No. 1 in Welcoming New Residents. 2019 OCTOBER 2, 2019 Study: Florida No. 1 in Welcoming New Residents Lendingtree.com: In 2016, new residents brought $30.2 billion into Fla., with about 72% of that increased income coming from new residents age 55 and over. NEW YORK – Using IRS data from 2016, LendingTree found Florida the most popular place to move. New residents […]
Buyers Dreaming #3 and #18 …What’s it like to live in Sarasota ? … 2019 What’s it like to live in Sarasota, FL? https://realestate.usnews.com/places/florida/sarasota Profile written by: Vanessa Caceres. Warm temperatures year-round, award-winning beaches and a thriving arts and cultural scene have made Sarasota a go-to place for retirees and families, not to mention a handful of celebrities (including Stephen King and Rosie O’Donnell). This southwest Florida region, which is about […]
Local INFO The 3rd Ritz Building in Sarasota has broken ground 2019 Life Served to Perfection source: https://www.theresidencessarasota.com/press/life-served-to-perfection/?referer=MSC%20Email%20Database For generations, an incomparable array of world-class culture and beaches has made Sarasota the crown jewel of Florida’s Gulf Coast. At the pinnacle of this sophisticated seaside mecca comes the new Ritz-Carlton Residences, Sarasota. These 73 Grand Tower Residences, priced from $2.4 million, are nestled within a pristine locale right […]
Local INFO Florida Tourism Up 7% in 2018 ! Visit Florida reports record 126.1 million visitors to state in 2018 Source: Marco Santana Contact Reporter Orlando Sentinel   Florida drew 126.1 million out-of-state visitors in 2018, setting a tourism record for the eighth consecutive year, Visit Florida said Wednesday. Overall, the total was a 6.2 percent jump over the previous record set in 2017, […]