Real Estate Blog

For years, home sellers have been advised not to list their homes over the holidays, but I've learned that if people are buying during this time, they are serious and looking to start their new adventure with the New Year. When visiting homes in the area with the colorful lights, twinkling trees, and stockings hung in a row, one can't help feeling the warmth of a holiday embrace. Even if you don't break into Jingle Bells, or don a Santa hat, the emotions tied to the holidays always feels like home and buyers can envisage their family enjoying Christmas right there in your living room. Listed below are a few more reasons why you should contact me now if you are considering selling your home:

  1. Buyers have more time to look during the Holiday Season.
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As we head towards the end of 2017, the housing market is fast-paced and prices are rising. Finding an affordable home for the first-time buyer in their desired location is becoming more and more difficult.     Our local area has a low inventory level so buyers are having to be patient, ingenuity and recruit the help of online tools, trusted Realtors and family and friends, as fewer people are moving today than at any point in recent history.    According to the Zillow consumer housing trends report 2017;
  • Today's buyers have a median age of 40, are married or living with a partner (70 percent), earn a median income of $87,500 annually and are overwhelmingly Caucasian/white (73 percent). 
  • The typical home purchased has 3 bedrooms and 2
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Wow! The heat is up - normally I take some time out and catch up on education, recreation and a bit of R & R in August and September.  This year has not allowed for any down time at all.  Buyers are here and they are looking to buy!  Inventory levels have plateau somewhat, however the number of buyers activity looking is up. Demand is there. Make sure you are there too!

With all this activity, are home prices increasing? The answer is no.  Buyers still have a lot to choose from and are taking their time before they make a decision. So it may take a little longer on the market before the right buyer finds your home.

Mortgage rates continue to decrease as the Federal Reserve continues to raise rates? While interest rates were increased twice this year by

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This time of year is nice because it's predictable - cooler in the mornings, rain in the afternoon, muggy in the evening......... Real estate activity levels during the year use to be predictable too.  Busy season was October through April and then we would slow down during the summer months. We talk about "Season" and "Off Season" a lot particularly with sellers regarding when it's a good time to sell vs when it's not. Over the past 3 years or so, I have noticed the "off season"  not really being off anymore.  Its not unusual to see record dollar sales in the high end market happen in the so called "off season" period. Year over year we are seeing an increase in Closed sales in June, July and August.  According to the United States Census Bureau the…
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Waterside Place

Waterside Place -  the latest of the 16 villages within Lakewood Ranch has broken ground and moving forward with an organized and well thought out plan.  Pulte Homes and Arthur Rutenberg are the builders in this new development.  Today I visited the site to see how things are progressing -  the Pulte Homes model home is currently undergoing a construction clean ready for the sales agent to move in.  No date as yet as to when they will be releasing the lots but given the fact that the models are almost completed, it won't be long!

Waterside Place is the newest village in the 30,000 acre Lakewood Ranch which covers both Manatee county and Sarasota County.  Waterside Place is South of University Parkway in Sarasota County nestled

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  We head into the summer with a 9% increase in active listings from this time in 2016.  However, inventory continues to be very tight especially in lower price ranges which is certainly driving prices up in the under $300,000 range.  In Sarasota Country the inventory of single family homes and condos increased by 12%. Singer family homes in Manatee County increased by 3%, while  condos increased by 9%.     I am always asked  "do you think we are heading for a boom" and "are we heading for a crash". First, I don't have a crystal ball, so we focus on other factors which effect the real estate market and the economy.  The main place is the S&P Corelogic Case-Shiller National Index. This provides insight into the market performance. According to…
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  As I take a breath from the busy season just passed, I look at how the market is performing going into the summer months.  January thru April, we witnessed a large increase in inventory, confirming the fact that sellers felt motivated and confident in the market regardless of the increase in interest rates and buyers definitely made the most of the buyers market by negotiating aggressively. I also witnessed an increase in awareness of both the seller and buyer with regards to the selling/buying process i.e.. Sellers realized their home needs to be in its best condition if they wanted the maximum dollar and buyers came prequalified before submitting an offer.  
The local market does not appear to be slowing down post season. With…
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Sarasota is well known for “design” during the 1950’s and 1960’s. Properties designed by architects like Paul Rudolph and Tim Seibert are sort after homes.  Another prestigious pioneer in Sarasota was Ruth Richmond, she was one of the first females in Florida to obtain a GC license which got her attention from many, including the first lady Jackie Kennedy at the White House.  Ruth was most well known for her sensational doorknobs! There were circular in shape and classic examples of the 1960s elegance.  Some are milky, with bubbly inclusions, others are solid all the way through.  These can often be found on eBay, but be ready to write a large check!  Normally sell for $100 upwards for a pair in mint condition.

Originally from Brooklyn New York,

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SARASOTA, Fla. (August 24, 2016) - Median sale prices for condos and single family homes continue to increase in both Sarasota and Manatee County. Sarasota County single family homes are up 10.5 percent from 2015 to $242,500, while Manatee County experienced an 11.7 percent jump from 2015 to $279,250. Year over year, condo median sales prices rose 7.9 percent from 2015 to $205,000 in Sarasota and 21.9 percent to $185,250 in Manatee.

"While we continue to see a climb in median sales prices in both counties, I believe we will see this trend level off in the coming months," says Linda Formella, 2016 President of the Realtor® Association of Sarasota and Manatee.

Over the past year, Manatee County increased in sales from 2015, with a 0.7 percent

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As you drive around Sarasota, you can't help but notice the amount of new construction in the area.  Even the former site of the Quay is benefiting from the new "Sarasota look". 

The Scoop

The Sarasota Bayfront 20:20 project downtown encompasses the former site of the Quay which has been purchased by GreenPointe Holdings LLC and 42 acres of the Boulevard of the Arts to Payne Terminal surrounding the Van Wezel Performing Arts Hall and the G.WIZ building which currently stands empty. The initiative is called 20:20 for a couple of reasons; it is hoped that by the year 2020 Sarasota could see significant results and it will take focused 20:20 clear vision to see this through. For more information on the project click here

The Mark - 1400 State

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