February Real Estate News
Welcome to my February real estate news, including the 2021 annual report and some recent sales. Demand for housing in Sarasota remains strong and buyers are facing a lot of competition. The local economy was boosted by a whopping $15.7 billion of real estate sales for 2021. As we enter an inflationary market and interest rates creep up, we may start to see the prices start to level off towards the end of the year, but anyone holding out for a bargain is likely to be disappointed. Do not wait to buy. On the flip side, now is a great time to list your home if you’ve been thinking about it, especially as we still have several months of opportunity in the height of season. Contact me for an evaluation of your property value.
MARKET REPORT 2021
YEAR IN REVIEW
2021 was a record-breaking year of sales in Sarasota and Manatee counties, characterized by a steep upswing in prices and a rapid decline in available inventory. Buyers in Sarasota County have 63 percent fewer properties to choose from than this time last year, and they will need to pay an average of 23 percent more for their new home.
LONGBOAT KEY LISTING PENDING
591 PUTTER LANE
A stunning waterfront remodel opportunity at Country Club Shores, a 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 a short drive away. The lot is 134' wide with uninterrupted 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
4526 WOODSIDE ROAD | SIESTA KEY WATERFRONT
This charmingly remodeled Siesta Key waterfront home offers convenience, comfort, and a location second to none. Perched perfectly on ideal boating water, the new owners will love the setting of this home, which is located just off the Grand Canal.
FEATURED NEW - DEVELOPMENT
ONE MAIN PLAZA
Just announced, One Main Plaza is luxury mixed-use development that will be located on the corner of Main Street and Links Avenue, making it convenient for downtown, US301 and Fruitville Rd. Initial plan show:
- • Two 10-story towers
- • 418 luxury apartments units with high end amenities
- • 55,000 s/f of ground floor retail space
- • Approx. 1,200 parking spaces
If you would like to receive more information as it becomes available, please contact me.
NEW - DEVELOPMENT
BATH AND RACQUET | LATEST NEWS
The Bath and Racquet Club changed hands recently for $15m, having sold in 2020 for $5m. The final plan for the proposed revamp project was approved by city commissioners in November 2021 and we are waiting eagerly to hear more about the project and when the developers will start taking reservations. You will not want to miss this one!
MURRAYS - IN THE BVIs
NEW YEARS VACATION
The Murray clan headed to the British Virgin Islands just after the new year for a fabulous week of sailing, kite-boarding, snorkeling and fun. We are an avid family of sailors and this was a really good opportunity to relax after a very busy year. Now back to work, school, and college!
ABOUT - BEV MURRAY
Bev Murray has worked as a highly successful realtor in Sarasota since 1999. Specializing in residential, vacant land purchasing and development sales, she was ranked for 2021 in the top ½ of 1 percent of over 50,000 Berkshire Hathaway HomeServices agents nationwide. Contact Bev today to assist with your next home sale or purchase. 941 724 4995 or firstname.lastname@example.org