Newsletter

20th Annual Manatee River Holiday Parade

By | November 17, 2017

Manatee River Holiday Parade

Manatee River Holiday ParadeDon’t miss the 20th annual Manatee River Holiday Boat Parade on Saturday, December 9th from 6-9:00pm. The parade of lighted boats begins at dusk near Snead Island. The route then proceeds east past the Bradenton Yacht Club, to Riverhouse Reef and Grill and the Regatta Pointe Marina. The parade turns south at the Green Bridge and moves onward to PIER 22 and the Twin Dolphin Marina. Public viewing sites are available from the Green Bridge Pier, Riverhouse Reef & Grill, PIER 22 and on the Riverwalk in downtown Bradenton.

For more information visit Manatee River Holiday Parade.

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Bravo Coastal Bar & Kitchen

By | November 14, 2017

Bravo Food 2

Bravo Food 2 Bravo FoodBravo Coastal Bar & Kitchen opened recently at the Westfield Siesta Key Mall. It is part of the Bravo Brio Restaurant Group, which operates both Bravo Cucina Italiana and its sister chain, Brio Tuscan Grille. They feature fresh flavors in a relaxed atmosphere.

Bravo serves fresh pastries and coffee in the morning, as well as lunch and dinner, plus brunch on the weekend. The menu offers items such as a double-stacked burger with white cheddar and a shaved vegetable salad for lunch, a crispy fish sandwich with Sriracha and grilled Branzino for dinner, and avocado toast and shrimp and grits for brunch. The bar serves cocktails like a spicy mango tequila or a cucumber basil gimlet, or you can pick from the list of 30 wines and local craft beers.

Open seven days a week, the restaurant is located at Hwy. 41 (Tamiami Trail) and Siesta Key Drive. They do take reservations at www.coastalbarandkitchen.com/reservations.html or you can call them directly at (941) 316-0868.

 

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Hurricane Irma Impacts Real Estate Sales

By | October 27, 2017

Hurricane Irma

Hurricane IrmaThe Sarasota Manatee Realtors Association reports that our area was mostly unscathed from Hurricane Irma but, real estate sales were hit the hardest. With office closures, reinspections and tight scheduling for new appraisals, September 2017 reports a decrease in closed sales, pending sales and new listings.

Compared to this time last year, combined closed sales for the two-county area decreased by 16.8 percent. September’s decline in sales isn’t an effect of the current housing supply and demand, but is directly related to the business and school closures around the storm.

This limited business days this month also contributed to a decrease in the number of properties that were put on the market. New listings for single family homes in the two counties decreased by 31.8 percent. Condo new listings decreased by 20.9 percent in the two-county area.

While inventory may be slightly down from August, overall inventory does show slight improvement from this time last year. Single family homes in the combined two counties improved by 1.9 percent, while condos increased by 2.9 percent. Inventory supply typically starts to grow in the fall, which brings good news for post-Irma market recovery.

Irma’s arrival also brought fewer shopping days for buyers to select their purchase. New pending sales, or the number of properties that went under contract in the month, decreased in both counties. Sarasota County experienced a 29.8 percent decrease in new pending sales, while Manatee County decreased by 26.2 percent.

Pending sales are a good indicator of future closed sales. With so few pending sales this month, Irma’s impact on closed sales will trickle into October. Notably, median sales prices are up, an indicator that Florida’s housing market is experiencing a delay, rather than a crash. The median price of single family homes in Sarasota County increased by 8.4 percent to $269,900, while Manatee County increased by 9.3 percent to $295,000. Sarasota condos increased by 11.2 percent to $220,000. Condo prices for Manatee increased by 2 percent to $181,500.

To view the full press release and statistical charts visit Sarasota Manatee Realtors.

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Chalk Festival Returns to Venice in November

By | October 11, 2017

Chalk Festival Venice Logo

Chalk Festival Venice LogoThe Chalk Festival is celebrating its 10-year anniversary next month during the week of November 10-13th with this year’s theme of ‘EVANESCENT EVERLASTING‘. After six seasons in Burns Square, a historic district in downtown Sarasota, it moved to Venice in 2014. This year will be its fourth season on the Island of Venice. Managed entirely by volunteers, this 501c3 non-profit organization strives to bring a global community of culture enthusiasts together who value the work involved to make and share memorable experiences.

Winning Sarasota Magazine’s Readers Choice Award for Best Event in Sarasota County 2012, 2013, 2014, 2015, 2016 and SRQ Magazine’s Readers Choice Award for Best of SRQ Local 2012, 2013, 2014, 2015, it is no surprise that during any given year, the festival attracted over 200,000 visitors during its time in Sarasota and because of limitations with access to the fairgrounds it now attracts upward of 50,000 visitors with an estimated economic impact in the millions.

Chalk Festival with People in the ArtStarting in 2010 and every year since, the Chalk Festival features the most 3D pavement paintings ever created in one location. Also in 2010, it became the first international pavement art festival in the USA.

The artists who create these 3D pavement paintings invite visitors during the festival to step directly onto their artwork–becoming a part of illusion in photos. These artists come up with intricate ideas that make images and the ground appear to dip inward or rise above when viewed from a particular vantage point.

Chalk Festival ArtistsIn addition to the pavement artists who travel from all over the world, the festival organization invites anyone, of any skill level, to sign up as an artist and work alongside the professionals, creating their own pavement paintings. No other cultural organization mixes the most renown with beginners better than this festival, giving novice pavement and student artists a truly unique opportunity.

For more information visit the website at https://chalkfestival.org/

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Cabbage Key Inn Restaurant

By | October 10, 2017

Cabbage Key Inn Restaurant

Cabbage Key Inn RestaurantThe Cabbage Key Inn Restaurant is located on a little island with no cars, and not even a single paved road. This historic restaurant sits up on an Indian shell mound, giving it excellent views of Pine Island Sound. The entire island is a secluded paradise and is only accessible by boat. If you don’t have a boat you can still get there by ferry from Bokeelia on Pine Island which is about an hour and a half south of Sarasota.

Cabbage Key Restaurant InteriorWalk inside, and you’ll quickly realize how unique this historic restaurant is. There are several areas to choose from, including a bar that has been serving this area for more than 60 years. The whole restaurant exudes rustic charm. In the bar and formal dining room, there are beautiful Cypress floors and working fireplaces. Replicas of game fish, antiques, and photographs showcasing the area’s history decorate the walls. In the main dining area, the walls and ceiling are covered with thousands of dollar bills, signed by past visitors. If you ask your server for a marker, you can sign your own dollar bill and leave your mark as well. The open-air main dining room looks out on the water and lush tropical trees, covered with moss and flowers. It really is a spectacular view for nature-lovers.

Cabbage Key Restaurant EntranceThe menu is full of delicious seafood, sandwiches, and burgers. There is a rumor that this restaurant inspired Jimmy Buffet’s “Cheeseburger in Paradise” song. Don’t forget to end your meal with a tasty and refreshing slice of key lime pie.

There is a short hiking trail to an observation/water tower for a great view of the island and surrounding water and before you depart, don’t miss the gift shop for that perfect Florida souvenir.

The Cabbage Key Inn Restaurant is open for breakfast, lunch, and dinner 365 days a year. Reservations are appreciated. To ask a question or make a reservation at the restaurant, call (239) 283-2278.

For more information visit their website at Cabbage Key Inn Restaurant.

Cabbage Key Ferry

 

Boat tours are available from several spots along the Gulf Coast and here are a few to check out:

 

Tropic Star of Pine Island    http://tropicstaradventures.com

Island Girl Charters    http://www.islandgirlcharters.com

Captiva Cruises    http://www.captivacruises.com

Fort Myers Boat Tour    http://www.fortmyersboattour.com

 

 

 

 

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Upward Trend in Sarasota Real Estate

By | September 26, 2017

Upward Trend Multi Color

Upward Trend Multi ColorThe Sarasota Manatee Board of Realtors reports that compared to August 2016, the latest market report shows an increase in closed sales, median prices, and inventory for single family homes, while condos in the two-county area reported an increase in closed sales and pending sales. The August 2017 data was compiled from My Florida Regional Multiple Listing Service by Florida Realtors®.

Closed sales for single family homes increased by 6.9 percent from August 2016 in the two county area. As for condos, closed sales also improved slightly from last year, with an increase of 0.8 percent. Combined, closed sales climbed from last month with a 6.4 percent increase to 1,819 sales in August. When looking at closed sales thus far in 2017, sales are higher than they were for the first eight months in 2016, a 2.1 percent increase to 14,254 closed sales.

New pending sales are up across the two-county area. There were 1,293 pending single family sales reported in the month of August, a 1.3 percent increase from last month and 516 pending condo sales, a 4.2 percent increase from July. Combined new pending sales also increased from this time last year, with a 2 percent increase in the two-county area. New pending sales can be a good indicator of future closed sales.

During the month of August, there were 6,791 single family and condo properties for sale in the two-county area, a 4.3 percent increase from this time in 2016. Inventory is down from last month in the two-county area. Single family home inventory decreased by 5.2 percent from July 2017, while condos decreased by 6.1 percent.

The month’s supply of inventory is the number of months it would take to deplete the current inventory at the recent sales rate. This figure has been decreasing since March of 2017, staying under the threshold for a balanced market. In Sarasota County, there was a 3.8 month supply of single family homes for sale, while Manatee dropped to a 4.1 month supply. Sarasota condos dropped to a 4.3 month supply, while Manatee is now at a 3.9 month supply.

Year-over-year, median prices continue to rise as distressed properties continue to decline. The median price of single family homes in Sarasota County rose 1.5 percent to $258,000, while it rose 6.2 percent to $286,855 in Manatee County, compared to August 2016. Condo median prices rose 10.9 percent to $183,000 in Manatee County, while they fell by 2 percent to $213,500 in Sarasota.

To view the full press release and statistical charts click here.

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Sarasota Celtic Music Festival

By | September 12, 2017

Sarasota Celtic Music Festival 2017

Sarasota Celtic Music Festival 2017The Sarasota Celtic Music Festival will take place on Saturday, October 21st from 10am to 9pm at Nathan Benderson Park. It is sponsored by the Sarasota Chapter of New World Celts. SRQ Celtic Music Festival is proud to bring to Sarasota some of the most innovative bands touring America today who are on the forefront of the Celtic Fusion, Celtic Folk, and Celtic Rock scene.

We are also excited to bring you some of Florida’s local pub entertainment favorites. Whether you’re a band groupie and know the songs by heart or are curious about discovering your next new favorite band.

In addition to lots of musical entertainment, there will be many food and craft vendors, a blood drive from 11am-4pm and a dog parade at 2pm.

Come sample a variety of award winning Celtic beers & ales from Gold Coast Eagle Distributors under our giant tent and be prepared to sing, clap along, and dance the day away!

For more information visit http://celtoberfest.org/

 

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Metro Diner Now Open in Sarasota

By | September 6, 2017

Metro Diner Logo

Metro Diner LogoAs part of the renovation of the Westfield Siesta Key Mall, new restaurants are moving in and one that is now open is Metro Diner.

Since its humble beginnings in 1938 and its revival as Metro Diner in 1992, Jacksonville’s favorite place for breakfast has been serving satisfied guests for nearly 25 years. In 2000, master chef Mark Davoli and family took over and elevated the menu to include innovative new dishes created from local ingredients. Known for warm, welcoming service, familiar faces and award-winning food, Metro Diner is a go-to eatery for locals, visitors and those just passing through town.

They have expanded throughout the southeastern United States and in Florida to 18 locations with Sarasota being the latest. They are open for breakfast, lunch and dinner seven days a week.

We had brunch there on a recent Sunday morning and it was buzzing. After a short wait we were seated and promptly greeted and served. I would describe the food as comfort food with many popular menu items. Portions are large. It was all good and I’m sure we’ll be going back soon. Here’s a couple photos of our meals:

Metro Diner Breakfast

Breakfast

BLT for Lunch

 

 

 

 

 

 

 

To check out the Metro Diner menu visit metrodiner.com.

To keep up-to-date on the progress and changes at the Westfield Siesta Key Mall visit their website at www.westfield.com/siestakey.

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Ski A Rees are Back for the Season

By | August 30, 2017

ski a rees logo

ski a rees logoFor almost 60 years the Sarasota Ski-A-Rees have brought excitement and fun to Sarasota Bay. They are a diverse group that spans several decades and several generations. They’re especially proud of their members, some of whom have grown up being a Ski-A-Ree and plan on passing on the tradition of performing one of the best amateur water ski shows in the Nation. One thing they all have in common is a love of waterskiing, family and great friends.

ski a rees pyramid pinkFree shows are scheduled throughout the year at their location near Mote Marine. Check out the event calendar for details. There are bleacher seats, or you can bring your own lawn chair. There is free parking available as well as a concession stand to purchase snacks and drinks.

The first show of the season is scheduled for Sunday, September 24th at 1:00pm. For more information visit www.skiarees.com.Ski a rees crowd

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Inventory Low, Prices Rising

By | August 27, 2017

Price Increase

Price IncreaseThe Sarasota Manatee Association of Realtors reports that in July median prices continue to rise in response to the low inventory of properties for sale and the decreasing number of foreclosed and short sales. Lawrence Yun, chief economist of the National Association of REALTORS®, reported that home prices in most metro areas continued their fast ascent in the second quarter because supply remained at pitiful levels.

The median price of single family homes in Sarasota County rose 7.2 percent, while it rose 7.1 percent in Manatee County as compared to July 2016. Condo median prices rose 4.5 percent in Sarasota County, while they fell 10.9 percent in Manatee County for the same period. Overall, however, median prices in July were lower than during the recently ended season.

Inventory has shown an increase year-over-year, but has been trending lower since the peak in February. Last year at July month-end, there were only 6,687 properties for sale in the two-county area. By the end of February, the level had increased to 8,557. At the end of last month, there were 7,182 properties on the market.

Distressed sales (foreclosures and short sales) have continued to fall as the economy has improved. Only 4 percent of all sales in July this year were distressed sales, compared to 5.3 percent in the same period last year.

New pending sales for single family homes are up 4 percent from July 2016 in the two-county area. For condos, the area shows a decline of 2.6 percent from last year.

The month’s supply of inventory, the number of months it would take to deplete current inventory at the recent sales rate, peaked in March with levels inching toward a balanced market. However, like inventory, this figure has been steadily decreasing since then. In Manatee County, there was a 4.2 month supply of single family homes for sale, while Sarasota dropped to a 4.1 month supply. Sarasota condos are at a 4.6 month supply and Manatee condos are at a 4.1 month supply. The market remains a seller’s market.

New listings of single family homes in Manatee County experienced a significant increase of 18.4 percent compared to July 2016, while Sarasota decreased by 1.7 percent. Condo new listings in Sarasota increased by 2.2 percent from last year and Manatee decreased by 6 percent.

To view the full press release and statistical charts click here.

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