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Hello Georgia,
In this first issue of 2024, I'm happy to share recent market data from the Real Estate Association of Sarasota-Manatee, which reported that the Sarasota housing inventory made an impressive recovery in 2023, reaching pre-COVID levels. It's great news for buyers and sellers as it indicates a more stable market with increased inventory and median prices at a record high.
Other topics include a neighborhood feature: The Landings, a sought-after community west of S.Tamiami Trail set along Roberts Bay, Phillipi Creek, and the Intercoastal Waterway. Additionally, there is exciting news about the new Splash Pad and Children's Playground at Bayfront Park, which is perfect for family fun. And with Strawberry Season in full swing, I've included a delicious recipe for Fresh Strawberry Shortcake Trifle.
As your trusted real estate agent, I am here to help you, your family, and your friends navigate this exciting time in the market. Let's make your next move together!
With your expectations in mind,
Georgia
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Insights into Sarasota's 2023 Housing Market:
The Balancing Act
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January 24, 2024 — The 2023 housing market for Sarasota County showed signs of stabilization, marked by a return of housing inventory to pre-COVID levels. The Months' Supply of Inventory is a crucial metric to assess the state of the housing market.
According to REALTORS® Association of Sarasota-Manatee, a balanced market (favoring neither buyer nor seller) has a Month's Supply of Inventory of 5.5 Months, signifying the estimated time to deplete the current inventory at the existing sales rates.
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Sarasota's Months' Supply of Inventory increased 76 percent to 4.4 months for single-family and 136.4 percent to 5.2 months for condos, the highest since 2018.
With median prices remaining at a record high, sellers can still secure top dollar for their homes. However, the process might take longer, and buyers may be less willing to waive contingencies, such as inspections, in the current environment.
Please contact me if you have questions about 2023 or current market conditions.
Click the "What's My Home Worth?" button for a complimentary home valuation report. I will create a report and send it to you. We can also schedule a follow-up conversation by phone or in person.
Email:
georgia@georgiasalaverri.com
Phone/Text:
941-260-6429
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Click below to start your home search. | |
If You're Thinking About Living in The Landings | |
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The Landings is a residential gated community located West of Trail, along Sarasota Bay—just minutes from downtown. The neighborhood boasts a peaceful and picturesque landscape that is hard to find elsewhere. The well-kept area features mature, lush landscaping with stately oaks and pines and a wide variety of upscale housing.
Developed in the 1980s and 1990s, The Landings offers a unique selection of homes with options for every lifestyle. Styles vary widely, including Key West, Mediterranean, Contemporary, and Traditional. I've included a few current listings below for you to review.
The community features single-family homes and one-floor residences, including Carriage Houses, Portside Villas, and Coach Houses. Townhomes and two-level living are available in the Treehouses and the Villas at Eagles Point. Eagles Point is a multi-floor condo building with apartment-style, single-level residences.
Membership to The Landings Racquet Club provides access to a plethora of amenities, including clubhouse facilities, an extensive social calendar, 8 Har-Tru tennis courts, a fitness center, a heated pool/spa, a sauna, a library, and a pro shop,
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The community offers a private sanctuary along Roberts Bay, Philippi Creek, and the Gulf Intracoastal Waterway. A dry dock marina is adjacent to the property, a hiking and nature trail, and a gazebo where you can fish or launch a kayak.
One of the great things about the community is its proximity to The Landings shopping center, which has abundant retail stores, dining, and a Publix. And it's a breeze getting to downtown and area beaches.
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The Landings is a dream come true for anyone looking for a luxurious and peaceful living experience. Imagine waking up every morning to birds chirping and warm breezes. You can walk through the nature trail, enjoy a game of tennis, or relax by the pool. In the evening, you can bask in the warmth of the beautiful sunsets or indulge in some fine dining at the nearby restaurants.
Please get in touch with me if you have questions or if something piques your interest.
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Current Listings at The Landings | |
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1335 LANDINGS DR #9
TREEHOUSE
Sarasota, FL 34231
Bedrooms: 3
Bathrooms: 2 Full; 1 Part.
Size: 2,372 sq. ft.
Type: Condo
List Price: $1,200,00
MLS #A4593783
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4920 KESTRAL PARK CIR #11
CARRIAGE HOUSE
Sarasota, FL 34231
Bedrooms: 2
Bathrooms: 2 Full
Size: 1,570 sq. ft.
Type: House
List Price: $650,000
MLS #A4582367
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4829 PEREGRINE POINT CIR WEST
THE LANDINGS
Sarasota, FL 34231
Bedrooms: 4
Bathrooms: 3 Full
Size: 3,950 sq. ft.
Type: House
List Price: $2,300,000
MLS #A4590230
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—SOLD—
119 FAUBEL STREET
Bayou Louise, Siesta Key
Sarasota, FL 34242
Bedrooms: 3
Bathrooms: 3
Size: 3,326 sq. ft.
Type: House
Represented: Seller
Sold Price: $3,250,000
List Price: $3.400,000
Sale Date: 1/19/2024
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—SOLD—
8776 MIDNIGHT PASS RD #204C
Island Reef, Siesta Key
Sarasota, FL 34242
Bedrooms: 2
Bathrooms: 2
Size: 1,448 sq. ft.
Type: Condo
Represented: Buyer
Sold Price: $735,000
List Price: $795,000
Sale Date: 1/19/2024
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—SOLD—
2935 CAPTIVA WAY
Gulf Gate Woods
Sarasota, FL 34231
Bedrooms: 2
Bathrooms: 2 Full
Size: 1,365 sq. ft.
Type: House
Represented: Buyer
Sold Price: $595,000
List Price: $614,900
Sale Date: 1/10/2024
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—SOLD—
5440 EAGLES POINT CIR. #101
The Landings
Sarasota, FL 34231
Bedrooms: 3
Bathrooms: 2 Full; 1 Partial
Size: 1,936 sq. ft.
Type: Condo
Represented: Buyer
Sold Price: $780,000
List Price: $835,000
Sale Date: 1/4/2024
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—SOLD—
301 QUAY COMMONS PH-2
BAYSO (pre-construction)
Sarasota, FL 34236
Bedrooms: 3
Bathrooms: 4 Full
Size: 2,492 sq. ft.
Type: Condo
Represented: Buyer
Sold Price: $2,610,100
List Price: $2,599,000
Sale Date: 12/14/2023
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Children's Splash Pad & Playground is Ready to Open!
Bayfront Park, Thursday, February 1 at 10:00 a.m.
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Great news! The City of Sarasota is ready to open the new Steigerwalt-Jockey children's playground and splash pad at Bayfront Park. The ribbon-cutting ceremony is scheduled for Thursday, February 1, at 10 a.m. Get there early because the first 150 young children to attend the event will receive a gold commemorative doubloon to celebrate this special day. | |
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The playground sounds amazing. It's a pirate shipwreck theme, has a Kraken (legendary sea monster), buttons children can press to turn on the water, and fun climbing features. And the fact that it's all ADA-compatible is fantastic. I can't wait to see it!
So mark your calendars and prepare to have fun at Bayfront Park!
5 Bayfront Drive Sarasota, FL 34236
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The Fabulous Florida Strawberry Season is Here! | | |
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I love strawberries, especially during the Florida strawberry season—now through May. They are so sweet and juicy and have a beautiful red color that makes them perfect for topping cereal, dipping in chocolate, or eating them right out of a bowl! And I especially enjoy the plump ones sold at Detweiler's!
Make this Fresh Strawberry Shortcake Trifle recipe from Stephanie's Sweet Treats that I found on Pinterest. It sounds delicious! I love the combination of sweet, juicy strawberries and fluffy cake layers. It's the perfect dessert for Valentine's Day or any occasion.
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