2019 Will Be a Great Year for Buyers AND Sellers
This time last year, buyers and real estate professionals were begging for more inventory and an easing of the upward pressure on home prices. It appears that these wishes have been granted. Overall in 2018, median sales prices rose a modest 5 percent for single family homes and 3.2 percent for condos. The level of supply increased by 17 percent and 11 percent respectively. The rise in interest rates in the second half of last year slowed demand from homebuyers, but rates have now settled and buyers are hitting the market with a pent-up demand for new and existing housing. NerdWallet’s 2018 Home Buyer Report revealed that:
"Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers." Selling or searching? Need a market overview and property analysis? Contact Bev Murray for the best advice and a friendly, professional and knowledgeable approach to real estate. All backed by the Berkshire Hathaway brand!
+ WATER VIEWS
1045 TOCOBAGA LANE
SARASOTA, FL 34236
West of the Trail, north of downtown. Spacious 4 bedroom 5 bathroom on 0.6 mature acres with views of Sarasota Bay. Formal living and dining rooms, elegant library / office with rich wood floors, 570 sf covered verandah, elevator, two balconies, huge 1,200 sf non-conforming level comprising garage space for 5-6 cars and a second lot! FULL LISTING
Our Latest New Development Listing
Located behind the gates of The Oaks Club; a prestigious golf and tennis community, this home boasts an idyllic outdoor living area complete with a 4-hole putting green and resort-style pool and spa, and summer kitchen. 4 bedrooms, 5 ½ baths with over 4100 sq. ft. plus a rare to find 5 car garage!
View full listing HERE.
Live the "Creek Life" amidst Florida nature and in the middle of town! Amazing opportunity to live on the shores of Phillippi Creek and be close to everything!
This 3 bed, 2.5 bath single-story home has two docks, a large heated pool, private canal, AND its own kayak/paddleboard launch on 250’ feet of waterfront!
Classic 2 bed, 2 bath plus den craftsman cottage west of the Trail, close to downtown and Sarasota Memorial Hospital.
US MARKET PROJECTIONS
February's Housing and Mortgage Market review suggests relatively robust market with little decline over the next 2 years for Florida!
SOLD at Indian Beach Sapphire Shores! This wonderfully updated home gets to belong to a happy new owner who will no doubt enjoy living in this fabulous Sarasota neighborhood!
A BUSY SPORTING MONTH FOR THE MURRAY BOYS!
High school juniors Will Murray and his teammate JJ came 2nd at the New Orleans world championship qualifier for Nacra 15 multihulls. They will compete again in San Francisco in March for the chance to represent the USA this summer. Jack and Oli were in Orlando at Disney’s ESPN World of Sports playing soccer.
Cheers to these active lads!