Greetings!

We live in a rare time when it’s both a great time to sell and a great time to buy real estate. According to the Realtor Association of Sarasota and Manatee: "If the trend [2020] continues – and data is showing that to be the likeliest forecast – then sellers can get top dollar in record-short timeframes, while buyers can lock in record-low interest rates and buy a home that is going to be worth much more a year from now. And if they do both, they can get the best of both worlds.” In this issue, you can see comparative statistics for 2020 vs. 2019 Sarasota real estate market and gain information on filing for the Florida Homestead Property Tax Exemption for 2020 (March 1st deadline). I have also showcased a list of properties in various price ranges currently for sale in Sarasota. As always, know that I'm here to answer questions and help you with your real estate needs. Call or text me at 954.661.8968 or send me an email. Happy Valentine's Day, Georgia

Review of the Sarasota Real Estate Market

Year-Over-Year Comparison 2020 versus 2019 In 2020, the total number of closed sales on single-family homes jumped 29.1%. Condos increased 19.4% Single-family median prices increased by 17.8 percent to $350,000. Condos by 19.5% to $239,000. The median time from listing date to contract date decreased in 2020—single-family homes by 18 days. Condos decreased by 33 days. The inventory of active listings for single-family homes decreased by 50.4%. Condos decreased by 34.7%. The Month's Supply of Inventory continues its downward trend. Single-family homes reported a 1.6 month supply as for condos, 2.6%. A typical market is a 6-month supply.

Click here to see stats on Townhouses and Condos

HOMESTEAD PROPERTY TAX EXEMPTION The deadline to file for 2020 is March 1 If you own a Florida property, you know that the Florida Tax Exemption for Homestead Property can reduce your home's taxable value by as much as $50,000. It's based on your home’s assessed value and offers exemptions within certain value limits. If you are a first-time homebuyer who purchased a property in the year 2020, are now a permanent Florida resident, and own and occupy the property for 6 months and 1 day as of January 1st, 2020, you still have time to claim the exemption. Declare before March 1st, 2021. You can apply online or in person. For more information, visit Sarasota County Property Assessor.

Sarasota On the Move

Below, I have chosen several featured homes currently for sale in Sarasota. Click on each photo for property details. If you are interested in more information or to schedule a showing appointment, contact me at 954.661.6429 or email

Ways to Contact Me: Mobile: 954.661.8968 Office: 941.260.6429 Email: Georgia@georgiasalaverri.com Web: www.georgiasalaverri.com

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