August 2018 numbers report an increase in closed sales, inventory and new listings in the Sarasota and Manatee housing market. With pressure from rising prices, the median time to contract is down across both counties. This month, there were 1,898 reported closed sales in Sarasota and Manatee, a 4.3 percent increase from August 2017. The … Continue reading Sarasota and Manatee Homes Sell Quickly in August 2018
Kolter Group Begins on Ritz-Carlton Residences Tower
The Kolter Group has officially begun construction of the Ritz-Carlton Residences condominium tower in downtown Sarasota, which its backers contend will be the “pinnacle of Sarasota living.” The 73-unit waterfront tower, adjacent to the 18-story Ritz-Carlton Sarasota hotel and condos and part of the 15-acre Quay Sarasota mixed-use project, is scheduled for completion in the … Continue reading Kolter Group Begins on Ritz-Carlton Residences Tower
Condo Market Shows Strength in Sarasota and Manatee Markets
July inventory falls short, but sales continue to climb year-over-year. The condo real estate market is strong with more pending sales and new listings this month. “In a traditionally slower month, sales growth indicates a robust market for July 2018,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. CLOSED SALES In July … Continue reading Condo Market Shows Strength in Sarasota and Manatee Markets
Red Tide – Florida Gulf Coast
The Florida Gulf Coast has been in the news in recent weeks and many residents and visitors have been expressing growing concern over the most recent outbreak of red tide. At Michael Saunders & Company, we are committed to not only helping those we serve but dedicated to the overall health and well being of our region. As … Continue reading Red Tide – Florida Gulf Coast
Sarasota and Manatee Home Sales Rise Again in June
The Sarasota and Manatee real estate market stays on trend with increasing home sales, rising median prices and low inventory in June 2018. “We’ve consistently seen low inventory levels and rising prices over the last few months,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. “But, sales continue to maintain … Continue reading Sarasota and Manatee Home Sales Rise Again in June
Florida Home Prices Lag U.S. Gains
Florida home prices rose 5.6 percent in May, falling short of the U.S. average. But state prices are projected to jump 7.2 percent over the next 12 months, outpacing the rest of nation, data provider CoreLogic said Tuesday. Home prices, including distressed sales, increased at a 7.1 percent clip nationwide in the past year. However, … Continue reading Florida Home Prices Lag U.S. Gains
Sarasota Home Sales Remain Strong – May 2018
Homes Sales Report for May 2018 Sarasota and Manatee County has closed more home sales so far in 2018 than sales in January through May of 2017. Inventory is still tight and median prices continue to rise year-over-year. Overall, this month reports more closed sales and pending sales across the two counties. The two-county area reported 2,191 total … Continue reading Sarasota Home Sales Remain Strong – May 2018
Hurricane Veteran’s Guide to Being Prepared
Every year, June 1 – It’s official Hurricane Season. Generator This is an expensive piece of equipment, but I wouldn’t live in Florida without one. After Hurricanes Charley, Frances, Ivan and Jeanne in 2004, we decide to invest in a portable generator. We wanted to be able to run our fridge, a window air conditioner, … Continue reading Hurricane Veteran’s Guide to Being Prepared
April Home Sales Rise Despite Inventory Challenge
Home Sales Rise – In April 2018, Sarasota and Manatee housing inventory levels dropped again, with pressure from rising median sales prices. Overall, April showed an increase in sales across the two counties, as well as an increase in new listings. April reported 2,014 total sales which is a 3.3 percent increase from last year. … Continue reading April Home Sales Rise Despite Inventory Challenge
Florida Real Estate Market Healthy, but Challenged
Home prices up, inventory down, mortgage rates iffy The Florida real estate industry is healthy, though several thorny challenges confront residential sales, one of the nation’s leading economists told a gathering of about 80 agents and brokers. Lawrence Yun, chief economist and senior vice president of the National Association of Realtors, covered the proverbial waterfront … Continue reading Florida Real Estate Market Healthy, but Challenged