Bev Murray Real Estate

As we take stock of the current real estate landscape in Sarasota and Manatee, it’s clear that we are in a period of recalibration, one that presents both challenges and meaningful opportunities. Inventory levels have improved, giving buyers more choices than we've seen in recent years. While some homeowners are holding onto historically low mortgage rates, this stability is also a sign of a strong foundation: fewer distressed sellers and a market largely supported by equity-rich homeowners.

Home values remain robust, a reflection of our region's enduring desirability. Since 2011, Sarasota property values have experienced significant appreciation, which continues to build long-term wealth for those who own real estate here. Though higher interest rates have reshaped the lending landscape, buyers are adjusting, and cash remains king, especially in our coastal and luxury markets, where demand for quality lifestyle properties remains steady.

The second-home and vacation segment has naturally cooled in response to national trends, particularly among financed purchases. However, Sarasota continues to outperform many comparable markets due to its strong appeal to cash buyers, investors, and lifestyle-driven relocators. Ownership costs have increased across the board, but buyers are increasingly prioritizing quality of life, community, and long-term investment over short-term fluctuations.

Despite national headlines, local momentum is alive and well. Sarasota has weathered its share of storms, literal and economic, and time and again, we’ve come back stronger. Following the 2024 hurricane season, our municipalities and community members rallied to restore our beaches and public spaces. The downtown core and surrounding neighborhoods like Gulf Gate are buzzing with new restaurants, craft cocktail bars, and local shops. The cultural calendar is packed, from the Sarasota Opera and Van Wezel to street festivals and gallery walks.

Recreational spaces are thriving, too, with pickleball and padel courts, nature preserves, and waterfront parks drawing residents and visitors alike. And perhaps most importantly, our sense of community is as strong as ever, fueled by volunteerism, local events, and a shared love for this beautiful Gulf Coast paradise.

Don’t time the market — focus on your goals and partner with a local expert. Sarasota’s real estate magic is here to stay!