State of the Sarasota Market

Greetings!

Summer is winding down; Labor Day is upon us; children are back in school; the Sarasota real estate market remains strong.

In Sarasota, the number of homes for sale remains low despite recent inventory improvements; home prices continue to go up, albeit at a slowing pace; properties continue to sell as quickly as they hit the market.

This issue features "What You Can Buy in Sarasota" real estate for $2 million, the roundabout project downtown, a real estate market update and recent sales, and a bit of good news about me!

As always, I'm here to provide valuable insights into the Sarasota real estate market so you can stay educated and informed. If you are thinking about buying or selling, or I can help you in any way, reach out to me.

With your expectations in mind,

Georgia

A New Way to Get Around

A new roundabout at U.S. 41 and Gulfstream Avenue is underway, replacing the current roadway with a multi-lane roundabout. The primary goal of the US 41 transportation project is to improve mobility along the US 41 corridor, provide a safe, convenient and attractive crossing for pedestrians and bicyclists, and improve connectivity and circulation between the City of Sarasota’s Downtown Central Business District and the Bayfront area.

Construction of the $8.6 million roundabout project is expected to be completed in Fall 2022.

What $2,000,000 Buys in Sarasota

Which home would you choose? 1) A historic Laurel Park compound with four charming dwellings on an almost 15,000 square foot lot downtown? 2) Is a contemporary home complete with a guest house, pool, spa, and three-car garage more your style? 3) how about a new modern coastal nine-story boutique condo featuring 360-degree panoramic views of Sarasota Bay and downtown? OR 4) would you prefer a penthouse with 12' floor to ceiling windows and a private terrace with sunset and water views? Let me know your choice!

Historic Laurel Park Compound

8 BD | 8 Bath | 5,068 SF | 15,000 SF Lot

Details

Contemporary House with Guest House

5 BD | 4.1 BA | 1,100 SF

Details

Modern Boutique Condo

2 Bed | 2 Bath | 2,088 SF

Details

Penthouse with Terrace

3 Bed | 3.1 Bath | 3,363 SF

Details

Sarasota on the Move

Below are my recent closed sales. Click on each photo for property details. If you are interested in learning more about buying, investing, or listing your home for sale, text or call me at 941-260-6429 or email me. You can also visit my website to sign up for daily listing alerts and find your current property's worth.

Are you considering selling or just curious about what your property would sell for in today's market? Click here for a complimentary valuation report.

I am truly honored to be recognized by Realogy as a Top 1,000 Agent of the 50,000 real estate sales agents nationwide for Quarters 1 and 2, 2021.

And a very special thank you to my clients past and present who trusted me to help them buy or sell their homes.

Realogy Brokerage Group is the nation's largest real estate brokerage, which includes Coldwell Banker Realty.

Market Update

Sarasota County | July 2021

Market trends continue with rising prices and decreasing inventory. The demand for homes is so high that homes are selling as quickly as they become available, and the desire to live and invest in Sarasota is high.

Based on market statistics released by RASM in July, here are some statistics:

Closed Sales: 882 (-9.8%) for single-family homes; 363 (-3.8%) for condos.

Median Price: $400,000 (+22.2%) for single-family homes; $315,000 (+31.3%) for condos.

Time to Contract: 5 days (-90.4%) for single-family homes; 6 days (-92.3%) for condos.

Monthly Supply of Inventory: 0.8 (-66.7%) for single-family homes; 0.6 (-84.6%) for condos.

Late summer is always a slower time for real estate sales in Florida—regardless, we're a long way from a balanced market.

Ways to Contact Me:

Mobile: 954.661.8968

Office: 941.260.6429

Email: Georgia@georgiasalaverri.com

Web: www.georgiasalaverri.com

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