Wishing you and yours a Joyful Christmas and a Good New Year.

Prices have flat lined in Sarasota County. In October, the median sold price of existing single family homes was $436,000. The average for the past 6 months was $428,000. What will it take to increase prices? Lower mortgage [...]

October 28, 2024

The combination of stormy weather (Hurricanes Helene and Milton) and a half percentage point rise in mortgage rates have temporarily stalled new listings and pending sales in Sarasota County. Month over month, new listings of existing single-family homes are down 26%, pending sales (homes under contract) down [...]

In Sarasota County, according to Trendgraphix, selling prices and the number of sold homes have receded, in search of a bottom. In August, the median sold price for existing single-family homes was $469,000. Although up 3.8% from $452,000 in July, it remained down 9.6% from one year ago when it was $519,000.  There were 500 sales last [...]

The next 46 months will be interesting indeed. If you’ve been on the sidelines waiting for the right time to buy a home, it’s time to come off the bench, before prices begin to rise. Prepare now. Get ahead of the curve. Meet with a mortgage broker or lender. Go through a verified pre-qualification process. Determine what level [...]

July 5, 2024

One of the best measurements of current market conditions is pending sales. It reflects market activity in “real time,” before sales close. It is a clear signal of future sales activity, the number of homes getting offers, price point, percentage spread, days to [...]

Published June 17, 2024

How popular is Sarasota County? Peer into the April numbers from Visit Sarasota:

1. Visitors were 120,800 compared to 136,800 in 2023.
2. Visitor direct expenditures were $174,210,500 compared to $177,372,100 in 2023.
3. Lodging occupancy was 66.9%  compared to 73.9% in 2023.
4. Lodging average room rate was $297.37 compared to $293.33 in
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It is noteworthy that in the face of higher interest rates and geopolitical/economic uncertainty, prices of existing single family homes in Sarasota County have fallen only in the single digits. [...]