Newsletter

Homes Sold Quickly in August

By | September 20, 2018

The Realtor Association of Sarasota and Manatee reports that August 2018 numbers show 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 condo market continues to improve with a 10.1 percent increase in Sarasota sales and a 26.9 percent increase in Manatee County. As for single-family homes, Sarasota sales decreased by 1.2 percent and Manatee sales increased by 0.2 percent.

Compared to last year, August 2018 reported fewer pending sales. In the two-county condo market, total pending sales increased by 6.6 percent. Single-family homes showed a decrease of 12.8 percent for total pending sales.

The median time to contract decreased across the two counties. Sarasota condos decreased by 1.3 percent to 76 days on the market, while Manatee condos decreased by 16.1 percent to 47 days on the market. As for single-family homes, both counties reported a median 44 days on the market, a 2.2 percent decrease in Manatee and a 12 percent decrease in Sarasota.

Median sales prices also continue to rise, year-over-year. Sarasota single-family homes increased by 9.9 percent to $283,488, while Manatee increased by 3.2 percent to $296,000. Condo prices in Sarasota increased by 9.1 percent to $232,950 and Manatee increased by 3.8 percent to $190,000.

The condo market continues to shine with a jump in new listings, or the number of properties put on this market this month. Sarasota condo new listings increased by 11.4 percent and Manatee condo new listings increased by 8.2 percent. Single-family home new listings increased by 4.5 percent in Manatee County, while Sarasota single-family home new listings only increased by 0.3 percent.

With more listings comes more inventory. The overall inventory is up by 1.2 percent, compared to last year’s two-county area totals. Sarasota single-family home inventory increased by 3.2 percent to 2,595. Manatee single-family home inventory decreased by 2.7 percent to 2,050. Sarasota condo inventory increased by 5.1 percent to 1,425, while Manatee condo inventory is down by 1.5 percent to 801 available properties.

The Sarasota and Manatee County market favors the seller, as noted by the current month’s supply of inventory. Single-family homes in Sarasota and Manatee are both at a 3.9-month supply, a 2.6 percent increase in Sarasota and a 4.9 percent decrease in Manatee. As for condos, Manatee County decreased by 7.7 percent to a 3.6 month’s supply and Sarasota is at a 4.1 month’s supply, a 4.7 percent decrease from last year.

Monthly reports are provided by Florida REALTORS® with data compiled from My Florida Regional Multiple Listing Service. For comprehensive statistics dating back to 2005, visit www.MyRASM.com/statistics.

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Art Ovation Rooftop Bar

By | September 11, 2018

perspective-rooftop-pool

perspective-rooftop-poolThe new Art Ovation Hotel in Sarasota is now open and one of the many unique features of the hotel is their rooftop bar, Perspective, which has an upbeat and laid back atmosphere. The bar is adjacent to the hotel’s pool where they were setting up for some live music when we visited recently. We found it to be a great spot for drinks and light bites and perfect for watching the setting sun. They have numerous umbrellas so you can get out of the sun and still enjoy great views of Sarasota.

The service was prompt and super friendly.  They have a full bar lineup with several signature crafted cocktails. We had Sunset Through the Skyspace and Flowers on the Wall. Both were unique and tasty. Since we were early in the evening we decided on an appetizer Chicken Quesadilla which was served piping hot and delicious. Check out the full menu here: Perspective Menu

Art Ovation is located at the intersection of Palm Avenue and Cocoanut Avenue. The Palm Avenue Garage is right behind the hotel for convenient parking.

Art Ovation Hotel Map

 

 

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Master Gardener Plant Sale

By | September 6, 2018

Master Gardener

Master GardenerDon’t miss the 13th annual Master Gardener Plant Sale by the University of Florida Institute of Food and Agricultural Sciences Extension. This is a FREE family-friendly fall gardening event featuring sustainable gardening education, landscape problem diagnosis, and thousands of plants for sale, plus an open house highlighting all UF/IFAS Extension Sarasota County has to offer.

Date:  October 13, 2018

Time:  8 a.m. to 1 p.m.

Location:  UF/IFAS Extension Sarasota County
Twin Lakes Park, Green Building
6700 Clark Road, Sarasota 34241

Proceeds from the sale benefit the Master Gardeners Chapter of the Friends of Sarasota County Parks, which supports Master Gardener education outreach programs in Sarasota County. Purchases may be made by cash or check.

Plant Sale: Find your right plant, for the right price!

EdFest Open House: See all that Extension has to offer you!

For more information visit UF/IFAS Extension Sarasota County

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Condo Market in Sarasota and Manatee

By | August 27, 2018

Condos

CondosThe Realtor Association of Sarasota and Manatee reports that July inventory fell short, but sales continued to climb year-over-year. The condo market is strong with more pending sales and new listings this month.

In July 2018, Sarasota and Manatee County reported 1,885 closed sales, a 10.3 percent increase from last year. In Sarasota County, condo sales increased by 11.4 percent to 341, and single-family homes increased by 3.1 percent to 704. As for Manatee County, condo sales increased by 10.1 percent to 218 and single-family homes increased by 19.2 percent to 622.

Pending sales represent the number of properties that went under contract this month. Across both counties, pending sales increased in the condo market but decreased for single-family homes. In Manatee County, condo pending sales are up by 18 percent, while Sarasota condo pending sales are up by 6.6 percent. As for single-family homes, Manatee County is down by 1.2 percent, while Sarasota is down by 1.8 percent.

July brought more condo listings, but fewer single-family homes were added to the market when compared to last year. New listings in Sarasota condos increased by 5.6 percent and Manatee condos increased by 18 percent. As for Sarasota single-family homes, new listings decreased by 7.5 percent and Manatee decreased by 14.7 percent.

July’s overall inventory is down from last year. Sarasota single-family homes decreased by 4 percent to 2,605, while Manatee single-family homes decreased by 5.3 percent to 2,045. Sarasota condo inventory decreased by 1.9 percent to 1,431, while Manatee condo inventory is down by 0.2 percent to 849 available properties.

Median sales prices stay on the rise, year-over-year. Sarasota single-family homes increased by 8 percent to $280,750, while Manatee increased by 3.2 percent to $309,500. Condo prices in Sarasota increased by 8.3 percent to $232,000 and Manatee increased by 20.8 percent to $199,250.

Sarasota and Manatee County are both in a seller’s market, a reflection of the current month’s supply of inventory. Single-family homes are depleting the current inventory at an estimated 3.9 months, a 4.9 percent decrease in Sarasota and a 9.3 percent decrease in Manatee County. As for condos, Manatee County decreased by 4.9 percent to a 3.9 month’s supply and Sarasota is at a 4.1 month’s supply, a 10.9 percent decrease from last year.

To read the full press release or to view the statistical charts click here.

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International Coastal Cleanup

By | August 14, 2018

Coastal Cleanup

Coastal CleanupThe ocean supplies the food we eat, the air we breath, the water we drink. It’s our planet’s life support system. And it’s at risk. Pollution is changing the basic chemistry of the ocean. Overfishing is damaging fish stocks. The trickle down effect is huge: people’s livelihoods, the food on our plates, the health of our planet, and the entire eco-system, all in danger. But you can make a difference.

Join volunteers from around Sarasota County to collect trash polluting our waterways. This is an Ocean Conservancy initiative which began in 1986. More than 18 million pounds of trash was collected by nearly 500,000 volunteers during the 2016 International Coastal Cleanup.

This year’s event will be held on Saturday, Sept. 15, 2018. Registration will open in August 2018.

For more information or to sign up to volunteer visit Sarasota County Government

 

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Friday Fest at the Van Wezel

By | July 31, 2018

Friday Fest 2018 Rebel Heart

Friday Fest 2018 Rebel Heart

Summer is in full swing and the Van Wezel Performing Arts Hall continues to host Friday Fest  which is a free outdoor concert series. On August 17th from 5-9pm the band Rebel Heart will be performing. This is a fun event on the south bayside lawn where you can bring a chair, blanket or whatever to sit on. Many vendors are available for food and drink purchase. Outside food and drinks are not permitted.

Rebel Heart’s music features some of today’s most popular country songs, mixed with a healthy dose of hits from pop, rock, dance, and the blues. Rebel Heart’s 5-piece band puts on a high-energy, powerful and melodic country rock act that is a must-see!

The bayside lawn is the perfect spot to enjoy a Sarasota sunset so come out and join in the fun!

For more information visit: http://www.vanwezel.org/boxoffice/rebel-heart/

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Home Sales Rise Again

By | July 26, 2018

The Sarasota and Manatee market stays on trend with increasing home sales, rising median prices and low inventory in June 2018. Sarasota County and Manatee County reported a total of 2,097 closed sales in June 2018, a 5.2 percent increase from last year. In the condo market, Sarasota sales increased by 3.8 percent to 384, while Manatee condo sales increased by 20.9 percent to 278. As for single-family homes, Manatee sales increased by 4.8 percent to 637, while Sarasota increased by 1.7 percent to 798.

Combined pending sales, or the number properties that went under contract this month, increased by 3 percent from June of 2017. In Manatee County, condo pending sales are up by 7.3 percent, while single-family pending sales are up by 9.9 percent. As for Sarasota County, there was no change in the condo market and a 2.3 percent decrease in single-family home pending sales.

Overall, inventory is down compared to June 2017. Sarasota single-family homes decreased by 3.4 percent, while Manatee single-family homes decreased by 1.1 percent. Sarasota condo inventory increased by 1.9 percent, while Manatee condo inventory is down by 2.8 percent in the two-county area.

Median sales prices continue to rise. Sarasota single-family homes increased by 1.6 percent to $279,500, while Manatee increased by 0.8 percent to $300,000. Condo prices in Sarasota increased by 2.7 percent to $221,250 and Manatee increased by 4.9 percent to $191,500.

At less than 5 months to deplete the current inventory, the two counties represent a seller’s market in June 2018. Manatee condos are at a 4.1-month supply, a 6.8 percent decrease from last year. Sarasota condos are at a 4.5 month-supply, a 6.3 percent decrease. Both Manatee and Sarasota single-family homes decreased to a 4.1-month supply of inventory.

To view the full press release or to view the statistical charts visit: Sarasota Manatee Realtors

 

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A Day in Englewood

By | July 17, 2018

Farlow's Logo

Farlow's LogoWe recently took a day trip down to Englewood as we had never had an occasion to check out the town. Since we arrived close to noon we found a great lunch spot called Farlow’s On The Water. The owner, Keith Farlow, grew up in the Caribbean and you can find dishes on the menu that have that influence. His wife has a passion for Southern cooking so there is also a southern twist on the menu like fried green tomatoes. All of the food is made fresh daily and the herbs used are grown in their garden right at the restaurant. We ordered the fish tacos and a grouper sandwich which were well prepared and delicious. You can check out their menu here: http://www.farlowsonthewater.com

Farlow's WaterfrontFarlow’s participated in the Savor Sarasota promotion in June and has extended that special menu through July so you can have a multi-course lunch for $16 per person and dinner for $32 per person.  They have inside and outside dining and a cozy bar with a great selection of specialty cocktails. They are open for lunch and dinner Monday through Saturday.

After lunch we headed over to historic Dearborn Street. On the first Saturday of every month they have a car show called Cruisin’ On Dearborn. The event actually doesn’t start until 5pm but cars arrive much earlier to get the best spot. There are many quaint shops and restaurants along the street and it’s just a fun place to stroll around. They frequently have events on Dearborn Street so check out this website to see what’s happening now: https://oldeenglewood.com

cruisin-on-dearborn-966x483

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The 10th Annual Sarasota Improv Festival

By | June 27, 2018

Florida Studio Theatre

Florida Studio Theatre

The 10th Annual Sarasota Improv Festival is coming to Florida Studio Theatre in July on the 12th, 13th and14th – that’s THREE days of non-stop comedy coming your way. Troupes are coming from all over the country – and from as far away as France and Spain – all ready to bring their best spontaneous hilarity to the Gulf Coast.

Featuring not one, not two, but an unprecedented THREE headliners – Baby Wants Candy (Chicago), Impro Madrid (Spain), and Impro Theatre (LA) – one for each day of the Festival. Plus, several returning favorites including North Coast (NYC), Parallelogramophonograph (Austin, TX), ImprovBoston (Boston, MA), STACKED (Chicago, IL), and Available Cupholders (Austin, TX).

Click the link below for the full Festival lineup. Passes and workshops are all available for purchase at the link below, or by calling the FST box office at 941.366.9000.

Florida Studio Theatre

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Real Estate Sales Going Strong in Sarasota and Manatee Counties

By | June 21, 2018

The Realtors Association of Sarasota and Manatee  reports that both counties have 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 closed sales, a one percent increase from May 2017. In the condo market, Sarasota sales increased by 6.4 percent to 452, while Manatee condo sales increased by 16.8 percent to 278. As for single-family homes, Manatee sales increased by 2.6 percent to 641, while Sarasota County decreased by 0.2 percent to 820.

The number of properties that went under contract this month increased by 8.2 percent from May of 2017. In the two-county area, condo pending sales increased by 6.6 percent, while single-family homes increased by 9 percent. Pending sales can be a good indicator of future closed sales.

Inventory remains tight in the two-county area. Sarasota single-family homes decreased by 5.9 percent, while Manatee single family homes increased by 0.8 percent. As for condos, Sarasota inventory increased by 1.8 percent, while Manatee condo inventory is down by 0.9 percent in the two-county area.

Median sales prices continue to rise in Sarasota and Manatee. Manatee single-family home prices increased by 2 percent to $305,000 and Sarasota increased by 8 percent to $280,750. Condo prices in Sarasota increased by 4 percent to $234,675 and Manatee decreased by 1.3 percent to $183,750.

Year-over-year, the month’s supply of inventory continues to decrease, indicating a seller’s market. Manatee condos represent a 4.5-month supply and Sarasota condos are at a 4.8 monthsupply.

Manatee single-family homes are at a 4.3-month supply and Sarasota single-family homes are at a 4.2-month supply. Inventory may be tight, but the median time to contract showed an overall increase this month.

Sarasota condos spent 63 days on the market, a 3.3 percent increase from this time last year. Manatee condos also increased with a 14.9 percent jump to 54 days. For single-family homes, the median time to contract is up by 12.8 percent in Manatee to 53 days, while Sarasota is down to 45 days, a 2.2 percent decrease.

Monthly reports are provided by Florida REALTORS® with data compiled from My Florida Regional Multiple Listing Service. For comprehensive statistics dating back to 2005, visit www.MyRASM.com/statistics.

 

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