SRQ RE Market Updates

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 […]
Buyers Dreaming 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
Buyers Dreaming 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 […]
SRQ RE 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 […]
SRQ RE 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 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% […]
Buyers Dreaming 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 […]
SRQ RE Market Updates International Real Estate Sales in Fla. = $15.3B (April 2023) International Real Estate Sales in Fla. = $15.3B ORLANDO, Fla. — Florida remained the top destination of foreign buyers purchasing U.S. residential real estate in 2022, with 24% of all foreign buyers who bought residential property in the United States, according to the 2022 International Transactions in U.S. Residential Real Estate report from the National Association of Realtors® (NAR). Florida […]
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SRQ RE Market Updates March Market Stats 2023 “Manatee County’s single-family home market has bucked the trend we’ve seen in recent months, showing the first year-over-year increase in sales since February 2022 and the first year-over-decrease in median prices since February of 2019. Meanwhile, single-family home sales for Sarasota and the condo markets for both counties have followed an opposite trajectory in March, […]
SRQ RE Market Updates Citizens Insurance Seeks 14.2% Rate Hike – 3/29/2023 By Kerry Smith Increases vary by county and property, but only a few condo owners could see a discount. Some Panhandle and non-coastal counties may see the biggest increase. TALLAHASSEE Fla. – Citizens Property Insurance Corp. leaders approved a proposal Wednesday that would raise average rates by 14.2% this year as they continue to push […]
SRQ RE Market Updates One Park Sarasota – setting the record straight … March 2023 Setting the Record Straight: Here are the facts about One Park Sarasota By One Park Sarasota | 3:51 p.m. March 3, 2023 One Park Sarasota is an 18-story, 123-residence tower wrapped in glass that pays tribute to the local architecture and promises exquisite attention to detail and a serene, holistic residential experience. Designed by Sarasota-based […]
Local INFO Downtown Sarasota multifamily projects move through review committee Four condo and apartment developments will bring nearly 300 new units in the city. By Andrew Warfield | 5:00 a.m. March 21, 2023 780 SRQ Condominiums will include 34 units, two of them priced as attainable.Courtesy rendering DSDG Architects Multiple projects adding to the housing stock in and around downtown Sarasota are making they way […]
Buyers Dreaming Home Prices Hold Steady in January, Despite a Downturn in Sales SARASOTA, Fla. (February 21, 2023) – The Sarasota and Manatee housing market starts off the year with a continued rise in the supply of homes for sale. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), the month’s supply of inventory for both property types increased year-over-year […]
Buyers Dreaming NAR: 3Q 2022, Home Prices Up in 98% of Metros Home prices rose 8.6% in 3Q, with 46% of metros seeing double-digit price growth – a drop from 80% in 2Q. Of the top 10 high-price-increase metros, 7 are in Fla. WASHINGTON – An overwhelming majority of metro markets saw home price gains in the third quarter of 2022, according to the National Association of […]
Buyers Dreaming Why Won’t the Market Collapse? Fewer MB Securities – Nov 9,2022 If buyers understood the role mortgage-backed securities played in the early 2000s RE market collapse, they wouldn’t be expecting a repeat performance this time. NEW YORK – Mortgage-backed securities nearly brought down Wall Street in the early 2000s. But what is a mortgage-backed security? Many homeowners think of their mortgage in personal terms. But when […]
Buyers Dreaming SEPT 2022 – RE MARKET STATS September continues the same trend of fewer sales and rising inventory. “We are continuing the trend that we’ve seen for several months now where the number of closed sales is dropping, and prices are leveling off.” “Historically whenever Florida has a catastrophic event like Hurricane Ian, the real estate market bounces back very quickly with […]
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 […]