December 2021 Sarasota Real Estate News
LATEST SARASOTA REAL ESTATE NEWS
Welcome to my December Sarasota real estate news, including recent sales and the announcement of an exciting, new high-end condo development by Rosewood. The Sarasota market still continues to hold strong with demand outpacing supply across all areas of the residential real estate market. Prices continue to rise year-on-year, with the median price for single-family homes increasing by 19% and reaching a record-high of $410,000. Condo prices increased by 27% to a median of $332,990. Buyers are seeing fierce competition and are battling multiple offer situations and a strong cash purchase market. Buyers need to plan ahead and work with a seasoned realtor with strong negotiation and strategic skills.
SARASOTA REAL ESTATE
ACTIVITY - NOVEMBER 2021
2021 RASM President Alex Krumm stated, “Prices are going to rise in 2022, and most likely by a lot. There simply aren't enough homes coming to market to offset the enormous demand for homes. Buyers should be prepared to be patient. Competition will be fierce for the foreseeable future and there isn’t a market correction around the corner. It is more critical than ever to set a game plan with your Realtor® to figure out the best way for you to buy or sell."
LONGBOAT KEY LISTINGFOR SALE
591 PUTTER LANE
A stunning waterfront remodel opportunity at Country Club Shores, a planned community with waterfront boat access on Longboat Key. Amenities abound, from beach access to golf and tennis at the Longboat Key Club, and upscale shopping, dining and entertaining a short drive away. The lot is 134' wide with uninterrrupted views and the proposed coastal contemporary design has 3 beds, office, bonus room, outdoor kitchen, sauna, elevator and 3-car garage. $4.2M for the land, existing structure and fully engineered construction remodel plans...MORE HERE
JUST - SOLD
880 SIESTA DRIVE I SIESTA KEY, FL
This Siesta Key waterfront stunner is now under contract with very lucky new homeowners! More waterfront inventory is needed for waiting buyers.
JUST - SOLD
4633 SWEETWATER CIRCLE I SARASOTA, FL
This gorgeous Lee Wetherington built, 4 bedroom, 2 bath pool, with 2 living areas and lush landscaping in Turtle Rock has happy new homeowners!
COMING TO SRQ
ROSEWOOD RESIDENCES I LIDO KEY
A new ultra luxury condominium project is moving ahead on Lido Beach. Rosewood Residences Lido Key is under development by Naples based Wheelock Street Capital and will be located along one of the country’s most beautiful beaches off the coast of Sarasota, Florida and just a short walk from St. Armands circle. The 65-unit project will feature residences averaging 4,200 SQ FT with pricing starting at $4M. Features include 24-hour concierge, in-residence dining, private guest suites, and world class fitness. Construction is scheduled for completion in 2025. Sales reservations begin in December 2021. Contact Bev for more information on the first new beachfront condo development on Lido Key in decades.
The Murray family enjoyed a lovely start to Thanksgiving with a boat ride from SRQ to St.Petersburg, some fishing under the Sunshine Skyway on the way, and a night at The Vinoy before heading home to celebrate the holiday with extended family.
SARASOTA RANKS 17!
BY SARASOTA MAGAZINE
Sarasota is making headlines again - ranking 17th among the top 20 housing markets in the country! The Wall Street Journal paired with Realtor.com to rank housing markets that are expected to give homebuyers a strong return on their investment while at the same time offering a good quality of life, and out of the 300 areas evaluated nationwide, Sarasota moved up in r ank 43 spots, making it the metro area with the highest spike in growth. READ MORE
BERKSHIRE HATHAWAY HOMESERVICES
Real estate is more than a transaction, it’s a relationship. Berkshire Hathaway HomeServices network agents represent real people with big dreams and different realities. A brand that understands the realities that come with the complex real estate journey. We are agents and salesmen, partners and trusted advisors. From the first home to the last home and everything in between. We are "#ForeverAgents", for you, for life!
READY TO SELL?
If you’re ready to sell your house, the good news is you have options. Existing homes and newly built homes each have their own benefits. I can help you explore what’s available and what’s right for you. CONTACT ME today if you’re ready to find your dream home.
941.724.4995 or Bev@murraygroupusa.com