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July 2019
Greetings!
I am genuinely grateful that so many of you take the time to read this newsletter. Howard's 'did you know' column always garners the most comments but the response to his sweet potato column from last issue was incredible. Howard bases his column on something that piques his interest and this month's column on clear, cold springs is no exception!
Again, thanks so very much for your referrals, they are always and sincerely appreciated.

Real Estate is a people business and not a science but sales in May and June were off the charts. (see link below for May) The pent-up demand of locals looking to move up, first time home owners, and buyers coming from high tax markets drove the sales. Single family homes in good condition, that showed well and were priced correctly, literally flew into the pending market.
As many of you have read, during last year's red tide outbreak and hurricane, buyer traffic trickled and then stopped. But the builders kept on building and there was significant inventory that competed with resales. A few weeks ago, after previewing and visiting many new communities, I personally saw the lack of spec inventory. Resales are again catching the eyes of buyers. Big item to note here: 2019 buyers have little to no interest in "fixing up" or making changes. They are looking for a move in ready home that fits their lifestyle. If you are considering listing your home, please keep this front of mind...

Thank you to David and Candace for working with me on the purchase of your new home.

When you have a moment, if you could rate my service on Google I’d be very appreciative. Click here.

Mugsie
News & Updates
Sales of single family homes broke records in both Sarasota and Manatee Counties for May. View the report.

Sales for condominiums and town-homes remained consistent from the previous month. View the report.


Here are a few recent real estate articles that I found interesting and informative that I wanted to share with you:





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Sarasota & Manatee Counties
Howard's 'Did You Know'
Did you know that Florida has the largest number of springs of any region of the world and they are artesian springs? These springs are powered by the pressure of the underground aquifer, called the Floridan aquifer, which stretches 100,000 square miles wide across all Florida, portions of Georgia and other southeastern states. The aquifers are formed of ancient limestone beneath the ocean, a giant water storage tank of fresh water, riddled with caves, some with openings up to the surface, which creates a spring. In the southeastern US, about 12-15 billion gallons of rainwater a day recharge these springs, which so many species and many of our rivers depend upon for their life. Florida's three largest rivers by size, The Apalachicola, The St. Johns and the Suwannee all receive a large fraction of their flows and all their base flow in the dry season from springs.
The water temperature of the springs runs between 68- and 72-degrees Fahrenheit. Many of our gulf coast manatees go to the springs in winter to keep warm. Did you know that 15- 20 million people a year visit Florida springs generating as much as $1 Billion in direct annual revenue.