THE GEORGIA REPORT

Hello Georgia,

It's peak season, and Sarasota is vibrant. Residents and visitors delight in the warm climate. The arts and cultural community are in full swing. Eateries and rooftop bars are filled with chatter and clinking glasses. Beaches are dotted with colorful umbrellas. And shoppers are strolling downtown, Siesta Key Village, and St. Armands Circle.

This issue features the latest Sarasota real estate market statistics, an update on Peninsula Sarasota, See what homes you can get for $2.4 million West of Trail, and my recent sales. I've also included information on the upcoming Sarasota Jazz Festival, the Ibis Playground at The Bay, and The Reserve on N. Tamiami Trail.

See something that piques your interest? I'm always here to answer any questions. Please feel free to call, email, or text me with questions or concerns and to say hello.

With your expectations in mind,

SARASOTA HOME PRICES HOLD STEADY

The market may be less active than at the same time last year, but despite the decrease in closed sales, median sales prices for all property types are still higher than in 2022, indicating that property values are steady.

Closed Sales. In January, there were 219 closed sales for condos, a decrease of 37.2%, and 411 for single-family homes, a decrease of 37.1%.

The Median Sale Price for condo sales remains higher than last year, with a 19.3 percent increase to $417,500, while the single-family median home price decreased by 1% to $459,999.

Median Time to Contract: The median time from the listing date to the contract date was reported at 19 days for condos, an increase of 171.4%, and 29 days for single-family homes, an increase of 314.3%. In 2022, the median time to contract was 7 days.

Ready to make a move or have questions about the Sarasota Real Estate Market? Feel free to contact me at 941-260-6429

Florida Realtors® and Stellar MLS provided the data in this report.

WHAT YOU GET FOR $2.4M—WEST OF TRAIL

If you're curious about what you get for $2.4 million West of Trail, here are a few active listings: A move-in-ready house of modern style and generous space located in Cherokee Park within walking distance to Southside Elementary; a historically designed home with modern updates on an elegant, tree-lined street in McClellan Park; a former builder's home in the Bay View Heights neighborhood with an open floor plan, bonus rooms, and a very private pool area; and a charming light-filled coastal-inspired home in the coveted Granada neighborhood with a French door entry that opens to a 2 story foyer.

Which home would you choose?

1515 OAK STREET, #10

SARASOTA, FL 34236

SALE PENDING

Bedrooms: 3

Bathrooms: 2 Full/1 Partial

Type: Condo

List Price: $1,699,000

Representing: Buyers

MLS Listing: #A4549697

Property Details

1938 HIBISCUS STREET

SARASOTA, FL 34239

SALE PENDING

Bedrooms: 4

Bathrooms: 3 Full/2 Partial

Type: House

List Price: $3,200,000

Representing: Seller

MLS Listing: #A4556505

Property Details

2317 ROSE STREET

SARASOTA, FL 34239

SALE PENDING

Bedrooms: 3

Bathrooms: 2 Full

Type: House

List Price: $1,650,000

Representing: Seller

MLS Listing #A4532114

Property Details

Have You Met Sara and Zota at The Bay?

Sara and Zota! They're quite a site to see at The Bay Park. The two larger-than-life colorful Ibis sculptures stand at the heart of the Ibis Playground for children. The artist who designed the gigantic sculptures must have been inspired by the flocks of Ibis living amongst the beautiful mangroves.

Sara and Zota are aptly named, too. Sarasota, which throughout history, was variously spelled Sara Zota, Sarazota, and Sarasote.

The next time you stroll along the park's Mangrove Walkway, stop by the playground and meet Sara and Zota.

Explore The Bay Park

www.thebaysarasota.org

Sarasota Jazz Festival 

Music lovers will savor the sound of improvisation from world-renowned jazz performers at the upcoming annual Sarasota Jazz Festival from March 13 - 18.

Enjoy robust sound, swinging style, Afro-Cuban sounds, and poetic vocal performances by jazz artists over several days, including a pub crawl, late-nite jams, and films featuring jazz's greatest musicians. 

Festival events will occur on Regatta Island at Nathan Benderson Park, Universal Town Center, and Burns Court Cinema downtown.

SPONSORS & VIP TICKET HOLDER VIP EVENT

MONDAY, MARCH 13, 6:00 pm

The Reserve

If you're looking for a place to meet up with friends, shop for a bestselling book, or enjoy an afternoon latte, The Reserve on N. Tamiami is a Sarasota gem. It's a combination bookstore, cafe, and tasting room where you can savor a warm beverage, wine (large selection of French single estate and organic wines), or craft beer in a casual place filled with Sarasota history.

Soon they'll offer a farm-fresh market with goods from the owner's 25-acre farm in the Blue Ridge Mountains of Virginia. You'll find seasonal produce, honey from their carefully tended honeycombs, curated artisanal goods, fresh eggs, baked goods, and more.

But there's more! The Reserve Retreat is a boutique hotel with seven cozy guest rooms, an American-fare restaurant, a venue for live music, and space to hold private events.