MARKET REPORT
AUGUST 2023

This fall’s market numbers are slightly skewed because this time last year Hurricane Ian blew through, causing temporary disruption to the market. There are 70 percent more residential homes available than this time last year as we continue to creep towards a buyer’s market, however, we are still technically in a seller’s market. A balanced market is considered to be 6 months supply of inventory. “Despite the current market fluctuations, median sale prices in Sarasota and Manatee counties remain relatively stable,” said Brian Tresidder, 2023 RASM President and Strategic Growth & Sales Manager at William Raveis Real Estate. “Home prices are maintaining their value and only experiencing a marginal decrease from previous highs.”

It is always exciting when the humidity drops and we get to be outside enjoying the sunshine again. While you are out and about, make sure you pop into Rise Up Cafe downtown. I recently met with co-owner Beaver Shriner to discuss how my business can benefit their mission to create secure, fulfilling job opportunities for folks with intellectual and developmental disabilities. They are keen to spread the message of inclusion for everyone in our community. With the holiday season approaching, here's a tip: swing by Rise Up Cafe on State St downtown - you've got to try their fresh beignets, they're incredible! And if you're on the hunt for thoughtful holiday gifts for your clients, co-workers, or friends, consider grabbing a Rise Up Cafe gift card. It's a gesture that not only warms the heart but also supports a fantastic cause.

IN THE NEWS
LISTING PRICE RECORD FOR MANATEE COUNTY

Bradenton Herald reports that my Manatee County riverfront estate listing is ranked as the highest-priced residential property on the mainland. This stunning 30-acre property offers the ultimate Florida lifestyle with privacy and seclusion, close to everything for one lucky buyer! READ MORE.

BUILDING BOOM
IN SARASOTA + MANATEE COUNTIES

A recent Insurify report ranked our region No. 1 on its Top 10 Home Markets to Watch in the country list. The national online insurance marketplace showed that new units built in our area, including Sarasota and Manatee counties, increased by 24 percent between June 2022 and June 2023, and our population increased nearly 7 percent between 2020 and 2022 while the national rate was only 0.6 percent. To read more about some of the interesting new projects, CLICK HERE.

BUILD YOUR DREAM HOME
ON PHILLIPPI CREEK - $ 850,000

Build your dream home on Phillippi Creek! Stunning 0.4 acre of secluded prime "Old Florida" property on the coveted west bank of Phillippi Creek, close to town. This 17,400 sq ft lot boasts just over 100’ of waterfront on a wide section of the waterway. Bring your builder and your dreams, there is plenty of room on this beautiful parcel! MORE DETAILS HERE

PENDING $1,650,000
IMMACULATE HARBOUR ISLE HOME

Live like you are on vacation in the highly sought after gated community of Harbour Isle. Meticulously maintained 3 bedroom, 3 bath includes a den, sunroom, 2 car garage, private elevator, retreat room, observatory with outdoor balcony, and offers stunning unobstructed water views of Anna Maria Sound. This magnificent home is located just over a mile from Anna Maria Island and less than two miles from Robinsons Preserve. Come live your best life in paradise! MORE DETAILS HERE

PENDING $1,350,000
SIESTA KEY WATERFRONT

Rare Siesta Key canal front buildable lot. This 10,882 sq ft (1/4 acre) parcel is a short trip to the bay by boat (one bridge), and less than two miles to Siesta Village and the mall at Westfield on the mainland. The public beach access at Shell Road beach is also across the street. Engineered plans designed by the late architect John Potvin for a stunning 3,750 sq ft home are available.

In this edition of Get Real, I am interviewed by renowned Sarasota Real Estate Attorney, Richard Lawrence, on his real estate vlog, “Legal Close”. Topics covered include the current and future market in Sarasota, vacation rental trends and investments, and common mistakes that sellers make.

FEATURED NEW DEVELOPMENT
THE PENINSULA, SARASOTA

The Peninsula Sarasota is situated in Prestigious Golden Gate Point, Sarasota. Each floor consists of 1 to 2 condos each with breathtaking views of the ocean and Sarasota Bay. These spacious condos are beautifully decorated and modern showcasing designs that blend into a calming and tranquil space. These modern condominium feature two mid-rise buildings that provide exclusive ownership experiences, with one or two 3 bedroom, 3 bathroom residences per floor, plus den floor plan with 2,400 to over 3,000 square feet of living space. MORE DETAILS

LUXURY REAL ESTATE SUMMIT
BERKSHIRE HATHAWAY HOMESERVICES

Once a year, Berkshire Hathaway HomeServices hosts a Luxury Real Estate Summit where our industry leaders and professionals gather together to discuss the latest market trends and enhance skills in many areas including technology and marketing. This year’s event was hosted in fabu lous Hawaii, and we added on a little vacation time on the beautiful island of Kauai.

GIVING BACK
BUDDY UP FOR LIFE

This is fast becoming the highlight of my week! I’ve just started volunteering as a coaching buddy for Buddy Up Fitness in Sarasota - what a tenacious, talented and super fun group of athletes! Buddy Up For Life is an amazing program that serves individuals with Down Syndrome by providing a fun, active, and supportive environment for our athletes to grow both physically and personally. To learn more, visit manasotabuds.org

ABOUT - BEV MURRAY

Looking for a successful, trusted realtor to help you buy or sell a home in Sarasota? Bev Murray has worked in Sarasota real estate since 1999. In 2021, she was ranked in the top ½ of 1 percent of over 50,000 Berkshire Hathaway HomeServices agents nationwide. Fluent in French and Spanish, Bev is a certified real estate negotiation expert (RENE), Certified Luxury Home Marketing Specialist®, and a member of the National Association of Realtors and the Global Business Council. Contact Bev today to assist with your next home sale or purchase. 941 724 4995 or bev@murraygroupusa.com