May, 2015 |
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SELL . BUY . LIVE. 941.365.1837 |
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Message From Bev |
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"Phew - what an incredibly busy season! We feel as if we are just coming up for air for the first time this year. The traffic has subsided; you can once again find a table at a restaurant and a parking space at the beach.
Sarasota did a mighty fine job of showing off to our record number of visitors (77,500 in February alone!). It didn’t hurt that Siesta Key was named the No. 1 beach in the country on Tripadvisor.com’s 2015 Traveler’s Choice Awards. These accolades keep on coming because there is so much new stuff going on here: the inaugural Sarasota Music Half Marathon – 1,700 runners, 16 bands, a beer mile; it had it all! There are new businesses popping up downtown – SiftBakehouse, Mandeville beer garden, Fyzical, Alex and Ani, to name but a few. Our newest art museum, Sarasota Museum of Art, is underway at the former Sarasota High School building.
And it is hard not to notice the changing skyline. Seven out of twenty planned construction projects totaling $350m are underway to create a total of 1,143 new luxury hotel rooms and 2,237 new high end condo units. It is particularly encouraging that the growth is not entirely focused on catering to visitors and wealthier residents however; the Rosemary District development just north of downtown Sarasota has slated 450 rental apartment homes, 32 townhomes and 30,000 square feet of retail and office space, which will lie within walking distance of Main Street.
The Murray Group has its own exciting new projects going on. Watch this space…! |
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Staysail Court Update |
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The Resolute Model is taking shape at our latest project, Staysail Court at The Lake Club in Lakewood Ranch. Model opening June 2015.
For more information about Staysail Court at The Lake Club
call Bev Murray at 941.365.1837 or visit the website at www.murrayhomesatthelakeclub.com |
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Real Estate Market Update |
Single Family Homes
| March 2015 | March 2014 | % Change |
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Closed Sales
| 789
| 698
| 13.0% |
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Cash Sales
| 389
| 409
| -4.9% |
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Pending Sales
| 718
| 818
| -12.2% |
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New Listings
| 1,013
| 960
| 5.5% |
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Median Sale Price
| $207,500
| $189,472
| 9.5% |
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Median Days On Market
| 43
| 56
| -23.2% |
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Active Listings
| 3,039
| 3,298
| -7.9% |
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Month Supply of Inventory
| 4.5
| 5.3
| -14.6% |
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Condos and Town Homes
| March 2015 | March 2014 | % Change |
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Closed Sales
| 412
| 352
| 17.0% |
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Cash Sales
| 285
| 271
| 5.2%
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Pending Sales
| 408
| 430
| -5.1% |
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New Listings
| 510
| 445
| 14.6%
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Median Sale Price
| $180,745
| $170,900
| 5.8%
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Median Days On Market
| 47
| 53
| -11.3% |
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Active Listings
| 1,379
| 1,512
| -8.8%
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Month Supply of Inventory
| 4.6
| 5.0
| -6.9% |
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News & Events |
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Yo! Sushi is opening its second U.S location at UTC |
Friday, April 30. The international Japanese restaurant operates 86 sushi restaurants worldwide. The food will be served via a 250-foot long conveyer belt that continuously circles the restaurant, offering freshly prepared sushi and other Japanese favorites. http://www.yosushiusa.com/ |
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White Picket Produce launched its
online home delivery service in Sarasota. |
The company provides organic and local produce and delivers weekly, bi-weekly, or monthly produce boxes. http://whitepicketproduce.com/ |
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Freddy's Frozen Custard & Steakburgers has opened |
The new restaurant is located at 6224 N. Lockwood Ridge Road in Sarasota. www.freddysusa.com |
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Morton's Gourmet Market Opening On Siesta Key |
Morton's Gourmet Market has signed a lease to take over Siesta Market in Siesta Village and will open this summer and while remodeling continues until later this year. www.mortonsmarket.com |
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Annual outdoor art exhibit returns to Sarasota and Bradenton |
Embracing Our Differences, the annual outdoor art exhibit celebrating diversity, returns to Sarasota’s Island Park and Bradenton’s Riverwalk, March 29-May 22. www.embracingourdifferences.org |
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Re:Purposed exhibit at The Ringling. |
This special exhibit explores several of the more recognizable trends among artists who consistently “repurpose” garbage or detritus in their practice. www.ringling.org/events/repurposed |
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