A STRONG CLOSE TO SEASON Bolsters Home Sales And Values in March

March housing market data for Sarasota and Manatee Counties signals a robust close to season, reporting nearly 50 percent more sales in March than February, while inventory continued to grow and home values held steady. In Sarasota County, the median price for single-family homes increased by 8.3 percent to $528,013, the second-highest median price recorded in the county. Condos set an equally buoyant pace, increasing by 14.4 percent to a median of $423,245.

MARKET REPORT Q1 2023 VS. Q1 2022

JUST RELEASED INVESTMENT OPPORTUNITY

Sales of the long-anticipated Bath + Racquet Residences & Club have begun in earnest, with Phase 1 already 70% sold out! Beautifully designed by award-winning architecture firm Halflants & Pichette, this 13-acre site situated behind Trader Joe's on the US41 will be home to 256 high-quality condominium units offering 1, 2, and 3-bedroom units priced from the mid $400s. The project is focused around a brand new state-of-the-art tennis and racquetball club. Generous outdoor spaces include a park, covered bike storage, meeting lounge, walking trail, dog park, and playground, with The Club also featuring an oversize swimming pool, fitness gym. READ MORE

FLORIDA REAL ESTATE IN THE NEWS

Real estate leaders from the Midwest say Florida, even with challenges, remains a hot spot for homebuyers. During a media session April 26 at The Ritz-Carlton, Sarasota. The area real estate leaders were in Sarasota for a conference hosted by The Realty Alliance, a network of elite real estate brokerages across North America, speaking to local media on the state of their home markets, what they see happening in Florida and other trends. While challenges in addition to inventory persist, including the economy and insurance, all the executives on the panel agree that Florida remains a hot spot for homebuyers. READ MORE

THE EVOLUTION OF SARASOTA’S
ULTRA HIGH-END REAL ESTATE MARKET

HOW DID IT COME ABOUT AND IS IT SUSTAINABLE?

In this edition, Bev Murray talks about the emergence of Sarasota’s ‘Ultra High End’ market for $10M plus single-family homes and condos, how this market evolved, where the buyers are coming from, and if it is sustainable.     READ MORE

OUR LISTINGS