SRQ RE Market Updates

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 […]
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 […]
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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 […]
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 […]
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 […]