|
Hello Georgia
The late summer season brings sporadic downpours in subtropical Sarasota. It's also a wonderful time to catch stunning sunsets, watch dramatic cloud formations, and be amazed by electrifying lightning displays in the sky.
This issue features market trends, buying "off-season", an update on downtown traffic improvement projects, Pompano Trailhead, La Mucca Ballerina, and Sea Turtles.
Recently, several of you recommended me to family, friends, and clients to help them buy or list their homes. I want you to know how much I appreciate your real estate referral. The finest compliment I could ever receive is a referral. Thank you so much for putting your trust in me!
It's still a seller's market. Do you know anyone who is considering selling or buying? Please call, text, email, Messenger, WhatsApp. I'm eager to help.
With your expectations in mind,
Georgia
| |
Housing Inventory Continues To Grow | |
|
In June, more homes were available for purchase compared to June 2021. Closed sales have once again decreased. Record-high prices and rising mortgage rates indicate an increase in inventory, with active listings increasing by more than 100 percent over the same month last year.
Closed Sales. Single-family sales decreased by 26.9 percent to 802 sales, and condo sales are down by 34.6 percent to 376 sales. We’re continuing to see month-over-month and year-over-year increases in pricing.
Median Sales Price: The price for single-family homes increased by 25 percent to the highest recorded price of $500,000, while condo prices increased by 34.4 percent to $416,250.
7-Days to Contract: Properties continue to go under contract in seven days or less, for single-family homes and condos.
Active Inventory: Inventory continues to grow by more than double the listings from June 2021. Although, at less than a 2-month supply of single-family homes and condos, we are still below the 6-month inventory required for a balanced market.
Don't hesitate to contact with me if you have any questions or if I can provide information regarding selling your current property or starting a home search.
Visit my website for a quick complementary market report, or call/text/email me for a more comprehensive market valuation.
Phone/Text: 941-260-6429 or email: georgia@georgiasalaverri.com
Florida REALTORS® provides monthly reports with data compiled from Stellar MLS.
| |
Good Buys on Siesta Key
Off-season is the perfect time to buy your dream home
| |
If Sarasota is where you want to buy, the off-season may be the best time. The typical real estate "season" or market runs from November through April. Buyers start their home search when they visit sunny Florida during the chilly months
In the off-season, you'll find fewer houses on the market but less competition from other buyers. Also, most sellers would like to avoid moving during the holiday season. That may give you more room to negotiate when you make an offer, and sellers may be more likely to lower their prices. Families that look during the spring and summer usually want to settle in a home before school starts.
Here are a few good buys if you consider buying on Siesta Key.
| |
|
116 VISTA HERMOSA CIRCLE #306C
SARASOTA, FL 34234
A Siesta Key beach getaway steps away from Crescent Beach. Built in 1971 and remodeled in 2021, this furnished 2 Bed/2 Bath condo is located in the community of Vista Hermosa.
The property features elevators, owners' storage closets, a community pool, shuffleboard courts, and a clubhouse. Allows for 2-week minimum rentals, a perfect scenario for income, and a luxury getaway.
| |
|
List Price: 574,000
Bedrooms: 2
Bathrooms: 2
Type: Condo
| |
|
1200 E PEPPERTREE LANE #606
SARASOTA, FL 34242
A penthouse with an amazing view! Located in the Peppertree community on Siesta Key.
A fully updated 2 Bed/2 Bath unit overlooks the community and gulf from the living room, master, guest room, kitchen and bathrooms, and a fully enclosed lanai. Deeded private access beach, two heated pools, two clubhouses, tennis/ pickleball courts, a fitness center, two BBQ areas, and a fishing pier.
| |
|
List Price: 859,000
Bedrooms: 2
Bathrooms: 2
Type: Condo
| |
|
5448 AZURE WAY
SARASOTA, FL 34242
A canal-front home situated on a cul-de-sac in the Siesta Isles community, less than an 8-minute walk to the Siesta Key Beach.
The home features a split bedroom floor plan, water views from almost every room, and a vaulted lanai over the pool. The owner's suite is spacious. The property includes a 10,000 lb. boat lift and a newly rebuilt private sea wall. An oversize garage has a workshop, outdoor garden center, and abundant storage. There are also two additional decks in the yard providing multiple places to entertain and enjoy the fantastic views.
| |
|
List Price: 1,895,000
Bedrooms: 3
Bathrooms: 2
Type: House
| | |
|
On the Move: New Bus Lane & Traffic Circle in Downtown
Road crews are working on two projects to improve traffic flow and congestion in downtown Sarasota. A new bus-bike lane on the John Ringling Causeway Bridge and the completion of a roundabout at U.S. 41 and Gulfstream Avenue.
Bus-Bike Lanes. The Ringling Bridge work will pave the way for a Shared Bus-Bike Shoulder, ultimately becoming a bus lane and bike lane by summer 2024. The bridge express bus lane will allow the popular Bay Runner to expedite riders faster over beautiful Sarasota Bay for their passengers to dine, shop or relax in our beautiful city. The bus lane shoulder project anticipates completion in August.
Roundabout. The new roundabout gets closer to completion as the Summer of 2022 rolls along. Once completed, the lengthy $8.6 million project will make entering and exiting Gulfstream easier for motorists and safer for pedestrians to cross Route 41. The anticipated completion date is September/October.
| | | |
|
The Legacy Trail Extension Pompano Trailhead
Sarasota's Legacy Trail Extension, Pompano Trailhead located at 601 S. Pompano Ave., is now open. It includes lighted pickleball and basketball courts, new playgrounds, a new community building, picnic areas with grills, ample parking, and access to the Legacy Trail. For more information, click here
| | |
|
La Mucca Ballerina downtown is an amazing dining experience. It never disappoints.
La Mucca Ballerina (translates to The Dancing Cow) magically transports you to Italy. Owner and chef Mario Zappaterreno and his daughters moved to Sarasota from Parco del Vello, near the center of Rome, where their family also runs Agriturismo La Mucca Ballerina in Rome. They offer a farm-to-table menu with an authentic taste from the Lazio region of Italy.
The food is fresh and delicious. We started with the antipasto for two — a platter of delicious cheeses and cured meats that melt in your mouth and herbaceous focaccia. The grilled zucchini is wonderful, as is the Cacio de Pepe (pasta with fresh black pepper and Pecorino Romano) and Vongole (linguine with little neck clams). The portions are plentiful. If you are a pizza lover, their crust with any topping is fabulous!
I highly recommend this family-run, authentic dining experience. Make a Reservation through OpenTable. Take-out service is available through UberEats and BiteSquad. Buon appetito!
La Mucca Ballerina
1668 Main Street
(941)366-7600
www.lamuccaballerina.com
| |
|
|
|
Sea Turtle season is making history in 2022
Thousands of sea turtles nest (lay eggs) each year on southwest Florida beaches. Sarasota County hosts the highest density of Loggerheads and a growing number of Green sea turtles in the Gulf of Mexico. During nesting season (May 1 - October 31), the turtles swim just offshore to mate before the female sea turtles come on shore to build their nests and lay their eggs. By July, the first hatchlings emerge from their nests and venture into Gulf waters.
The Sea Turtle Conservation & Research Program at Mote Marine Laboratory & Aquarium monitors 35 miles of beaches from Longboat Key to Venice. This work is done in coordination with county, state, and federal efforts to conserve sea turtles. Mote's findings each nesting season contribute to the statewide picture of sea turtle nesting trends.
So far this year, Mote has counted more than 2,700 hatchlings, making it the 7th highest documented throughout the Mote Sea Turtle program's 41-year history. Mote will post a final count for 2022 after the nesting season is complete on October 31.
How to Help Sea Turtles
During nesting season, keeping local waters and beaches sea-turtle friendly is important. On the nesting beaches, light from waterfront properties can disorient female nesting turtles and the young ones, which emerge at night and use dim natural light to find the sea. Also, beach furniture, trash, and other obstacles can impede sea turtles.
| | | | | | |
