It's Autumn! In Sarasota, hot and humid temperatures give way to a breezier season, schools are back in session, Sarasota Festivals are underway, and pumpkins and apples are everywhere!
In the Sarasota real estate market, we're just a few months out from our high season. Right now, the Real Estate Association of Manatee and Sarasota (RASM) reports that we have less than half the number of available homes as we did this time last year. There's still enormous buyer demand—expect competition, and therefore prices, to continue to rise. If you are thinking about selling your home, now is a great time!
This issue features the upcoming ModWeekend festival, "What You Can Buy in Sarasota" real estate for $1.3 million, a synopsis of the August Sarasota Real Estate Market, the Chalk Art Festival at Burns Square, and my recent sales.
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
|
|
Fans of the mid-20th-century Sarasota School of Architecture have been visiting Sarasota for years, seeking out examples of buildings that architects designed to adapt modernist principles to the tropical environment.
During Sarasota ModWeekend, visit some of the notable buildings in a three-day salute to Philip Hanson Hiss, the visionary developer referred to as "The Man Who Made Sarasota Modern." Explore Lido Shores, a development established by Hiss in 1950 that contains significant examples of Sarasota School houses, including Umbrella House, which Architectural Digest called "one of the five most remarkable houses of the mid-twentieth century."
ModWeekend runs November 12 - 14, 2021. It offers tours, parties, and presentations by architects, authors, critics, and designers. Details and Tickets
|
|
What $1,300,000 Buys in Sarasota |
|
Which home would you choose? A spacious downtown condo with endless water views? A new, custom-designed home with a 220 SF pool? A downtown condo on the Bay with sunset and nightscape views? Or a beautifully designer-decorated condo, complete with furnishings, on Longboat Key? So many great choices!
|
|
Condo with City, Water, & Marina Views
2 BD | 2 BA | 2,055 SF
|
|
Custom-Designed Coastal Home
4 BD | 3.1 BA | 2,939 SF
|
|
Condo with Views of Sarasota Bay
2 BD | 2 BA | 1,555 SF
|
|
Luxury Condo on Longboat Key
3 BD | 2 BA | 1,941 SF
|
|
Sarasota County | August 2021 |
|
|
|
August was another strong month for Sarasota County's real estate market, with single-family home sales holding steady and condos/townhomes remaining the hotter segment.
Single-family and Condo prices have increased year-over-year each month since June 2020 and continued to rise in August.
Based on RASM market statistics released in September, here are some key statistics:
|
|
Closed Sales: Single Family: 815 units (-6%); Condos: 341 units (-15.6%).
Median Price: Single Family: $390,093 (+18.2%); Condos: $315,000 (+26.3%).
Time to Contract: Single Family: 6 days (-80%); Condos: 6 days (-87.2%).
Monthly Supply of Inventory: Single Family: 0.8 (-63.6%); Condos: 0.6 (-83.8%).
|
|
Inventory almost always increases slightly in the late summer. It will be interesting to see what happens as we enter the season with one-third of the available homes last year.
If you have any questions, please feel free to contact me.
|
|
|
Below are my recent closed sales at Waterline Villas & Marina on Anna Maria Island. Click on each photo for property details. Request more information:
|
|
Invest in Paradise! Waterline Villas & Marina. You can experience the dream of owning a home on Anna Maria Island without the worry associated with property management, maintenance, and upkeep. 2 BD | 2 BA condos with great amenities, access to a boat dock while in residence—a 37 Villa Complex with a 50-slip marina. View remaining villas for sale: available units.
|
|
|
|
I love Giraffes, including this incredible pavement chalk artwork created by area artist Paulie Nassart at the recent Chalk Festival 'Avenue of Art'' (ending 9/30) in historic Burns Square, downtown Sarasota.
The annual Chalk Festival features hundreds of 3-D pavement artists using the road surface as a canvas to develop oversized masterpieces in chalk. As an observer, you can watch artists transform the road surface into a masterpiece filled with chalk.
The giraffe chalk art replicates a vintage postcard from 1930-1945 depicting the winter quarters of the Ringling Circus. The giraffe was billed as "Ringling Bros' $20,000.00 Animal Feature, Only Giraffe Known To Exist In The Entire World".
|
|
|
|
|
|
Are you interested in learning more about buying, investing, or listing your home for sale? Text or call me at 941-260-6429 or email.
Click here to take advantage of my complimentary valuation report.
Sign up for new property listing alerts on my website to begin your search for your next home.
|
|
Ways to Contact Me:
Mobile: 954.661.8968
Office: 941.260.6429
|
|
|
|
|
|
|
|
|
|
