| April 2017 |  |
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| SELL . BUY . LIVE. 941.365.1837 |
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| Message From Bev |
It’s difficult to think of anything else to write about other than this glorious weather! Our family spent a few days skiing in Killington, Vermont, over Spring Break - 26” of snow in 36 hours gave us some fabulous powder but overnight lows of 6F (-14’C), made us more than happy to come back to Florida! So in order that you make the most of all the sunshine and spring awesomeness out there, we won’t distract you with anything other than our usual line up of News & Events here in April and a quick roundup of February’s sales figures… |
New listing - This gem of a house is tucked away at the end of the cul de sac in the peaceful subdivision of Heather Lakes, which is located between Lockwood Ridge and University, close to UTC mall and the I75 corridor. When you enter the glass paneled front door, your eye is drawn to the attractive wood-burning fireplace in the center of the hardwood floor 26x18 great room, which has two sets of French doors that open up onto the 300 sq ft covered wooden deck and caged pool area.
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We are delighted to announce that Melissa Delaney has joined the The Murray Group sales team. |
Two beautiful properties under contract by The Murray Group; 6714 Chancery Place, an immaculately maintained 4,255 square foot golf course home on one of University Park's most sought after streets. The home is situated on a half acre lot with mature landscaping and overlooks the 9th and 18th fairways of the award-winning University Park Golf Club.
Also under contract is a lot located in the historical West of the Trail waterfront neighborhood Indian Beach. Featuring privacy, natural beauty, and investment potential the property is located on a street lined with historic homes and old oaks in one of the prettiest "Old Florida" neighborhoods in Sarasota.
February saw a continued rise in three things: inventory, median sale prices and time on the market.
Inventory for condos tipped the scales to 6.2 months’ worth, officially making it (albeit marginally) a “buyer’s market”. Single family home inventory rose 15 percent on last February to 5.1 months’ supply of houses.
Median sales prices for single family homes rose slightly (2 percent) to $257,500 and condo sales prices rose 15.4 percent to $219,245. These increased median prices do not necessarily mean that values are rising. The main reason for these gains is that there are, fortunately, fewer foreclosures and short sales skewing the market. In actual fact, many realtors are seeing an adjustment in market values as more and more sellers are looking to reduce list prices to accommodate the shift in the market.
According to 2017 RASM President Xena Vallone, ”With more active listings on the market, buyers are able to take time to view and compare more properties, and are not under pressure to jump on the first property they see. We are seeing this translate into longer time on the market, making it even more important for sellers to price their properties appropriately.” This is particularly noticeable in the Sarasota condo market, which in February saw the average time from listing to contract nearly double to 64 days.
Single Family Homes
| February 2017 | February 2016 | % Change | |
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| Closed Sales | 518 | 506 | -2.4% |
| Cash Sales | 218 | 240 | -9.2% |
| Pending Sales | 790 | 780 | 1.3% |
| New Listings | 950 | 1,050 | -9.5% |
| Median Sale Price | $257,500 | $252,318 | 2.1% |
| Median Days To Contract | 49 | 40 | 22.5% |
| Active Listings | 3,318 | 2,883 | 15.1% |
| Month Supply of Inventory | 5.1 | 4.2 | 21.4% |
Condos and Townhouses
| February 2017 | February 2016 | % Change | |
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| Closed Sales | 276 | 275 | 0.4% |
| Cash Sales | 181 | 199 | -9.0% |
| Pending Sales | 373 | 386 | -3.4% |
| New Listings | 509 | 521 | -2.3% |
| Median Sale Price | $219,245 | $190,000 | 15.4% |
| Median Days To Contract | 64 | 34 | 88.2% |
| Active Listings | 1,866 | 1,501 | 24.3% |
| Month Supply of Inventory | 6.2 | 4.8 | 29.2% |
| SailFest Junior Olympic Regatta, A Murray Homes Sponsored Event |
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Murray Homes is sponsoring Sailfest, Sarasota Youth Sailing's Annual Junior Olympic Regatta. Youth sailors from all over the area will be participating. Free admission When: April 9. 10:00 AM |
| 2nd Annual Lido Beach Spring Fine Art Festival |
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This art event is graciously hosted by the Humane Society of Sarasota County. Over the weekend, Lido Beach transforms into an outdoor gallery of original handmade artwork as artisans from across Florida and throughout the United States journey to Lido Beach. Free admission When: April 8 & 9. 10 AM - 5 PM |
| The Little Foxes |
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Relevant, ruthless and gripping, Lillian Hellman’s chronicle of the dark side of the American Dream is a masterpiece of 20th century drama. A skewering social critique of greed and corruption first produced in 1939, Hellman’s portrayal of class and power remains as potent and compelling as ever. When: March 17 – April 15 |
| Fairy House Festival |
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A fun-filled family event, spread throughout our 30 enchanted acres! Enter our fairy house competition, enjoy musical performances, storytelling, enchanted garden walks, games, crafts, and vendors. When: March 4. 10:00 AM |
| Sarasota Film Festival Wrap festival |
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The Film Festival finale. Share Big Top beers with your friends, filmmakers, and industry guests with entertainment by acclaimed Atlanta electro-disco duo HANK & CUPCAKES. When: Saturday, April 8. 10:30 PM |
| 15th Annual Downtown Sarasota Art & Craft Festival |
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Free admission. The largest annual selection of art & craft. When: April 8 & 9. 10 AM - 5 PM |
| IMG National Classic |
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IMG National Classic youth baseball tournaments. Teams participating in the tournaments are top traveling teams from throughout the country. When: April 10-14 |
| Sarasota Circus Spring Performance |
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The Greatest "Little" Show on Earth presents the 68th annual spring production featuring 100+ youth performers in the iconic Sailor Circus Arena. This is a must-see Sarasota tradition! Click here to get tickets. When: April 11-15 |
| Alton Brown Live! Eat Your Science |
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“Alton Brown Live: Eat Your Science” (www.altonbrownlive.com), the follow-up to the smash “Edible Inevitable” tour, hits the road again. Fans can expect all-new everything including songs, multimedia presentations, talk-show antics, and bigger and better potentially dangerous food demonstrations. When: April 20. 8:00 PM |
| Blossoms and Brunch |
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Share the legacy of Mable's beloved rose garden while you enjoy a beautiful brunch alongside the garden. Surrounded by blooming roses, Blossoms & Brunch will begin with a reception complete with entertainment and mimosas. A seated brunch will follow at 11:30 AM. The deadline for purchasing tickets is Wednesday, April 19 @ 5:00 PM. Don't miss out, make your plans early! Price: $120. When: April 22. 10:30 AM |
| Sarasota Magazine's Best of 2017: A Warhol Happening |
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Andy Warhol and pop-art inspired Best of Sarasota Magazine’s annual event. Come help celebrate by taking in the beautiful setting and enjoying enticing food and drink at this annual awards party. Price: $107. When: April 24 |
| 39th Annual Siesta Fiesta |
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Siesta Fiesta features life-size sculptures, spectacular paintings, one-of-a-kind jewels, photography, ceramics and more. The free, outdoor event includes a full craft and green market with delicious edibles, live plants and whimsical and practical handmade-in-the-U.S.A. products from the nation’s top craft artisans. When: April 29-30. 10:00 AM – 5:00 PM |
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The Murray Group | 941 365 1837 | 25 South Osprey Ave., Sarasota FL 34236