Sarasota Real Estate Information

The Mall at University Town Center

The Mall at University Town Center Opening in Sarasota, FL with over 100 Stores

Opening on October 16, 2014 The Mall at University Town Center in Sarasota will be the premier shopping experience with over 100 upscale fashion and lifestyle retailers with about half being unique to the Sarasota area.  This new mall is over 880,000 sq. ft. on 73 Acres of an overall mix of 276 acres for the entire site that sits next to the new Nathan Benderson Rowing Park, home to the 2017 World Rowing Championships.  And YES the Apple Store that we have all been waiting for is coming to Sarasota!

Located at the southwest corner of I-75 and University Parkway at exit 213 this opening has been eagerly anticipated for years.

The Mall at University Town Center will be…

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Sarasota Real Estate Market Report: July 2014

The following report is from the Sarasota Association of REALTORS as published on August 21,2014 for closed July 2014 Business.

Sarasota Real Estate Market Revisits July Cooling Trend

Property sales in Sarasota County almost reached the 1,000 level for the fifth straight month in July 2014, falling just short at 928 closed transactions. In the county’s history, only once has such a five-month hot streak been accomplished – from March through July 2004 – falling just short this year and in the 2005.

SALES
The breakdown for closed sales in July this year was 643 single family homes and 285 condos sold, according to figures released by Florida Realtors®. Closings were off 11.4 percent from last month (June), when they hit 1,048, and down about 4…

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Sarasota Real Estate Market Report: May 2014

The following report is from the Sarasota Association of REALTORS as published on June 24,2014 for closed May 2014 Business.

Sarasota Property Sales Continue Hot Streak for May 2014

The early summer started as hot as the spring in Sarasota County for property sales, with exactly 1,100 closed sales reported in May 2014 – 747 single family homes and 353 condominiums.

The figure was slightly lower than April’s total of 1,195, and also slightly lower than last May, when 1,127 closings were reported in the My Florida Regional MLS system. The first five months of 2014 remain ahead of the scorching pace of 2013, an historic year for property sales in the county with the second highest number of sales in SAR’s 91 year history.

“Sarasota County real…

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Best City for Retirement in the Nation - Sarasota, Florida

Sarasota, Florida has been recently chosen as the "The #1 Best City for Retirement" by financial education website Credit Donkey.com  Citing cultural activities, the number of health care facilities, and a strong and growing economy Sarasota was chosen the best city for retirees.

1. Sarasota, Florida
2. Honolulu, Hawaii
3. Bridgeport, Connecticut
4. Tucson, Arizona
5. Springfield, Massachusetts
6. Albany, New York
7. Charleston, South Carolina
8. Cape Coral, Florida
9. Allentown, Pennsylvania
10. New Haven, Connecticut

1. SARASOTA, FL  

• Population 60 years and older: 35.9%
• Multi-unit houses: 24.7%
• Healthcare practices per 1,000 people: 3.34
• Cultural attractions: 15
• Population growth: 1.6%

Ranking first for both its 60+…

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Sarasota Real Estate Market Report: April 2014

The following report is from the Sarasota Association of REALTORS as published on May 27,2014 for closed April Business.

April 2014 has Second Highest Number of Property Sales in Sarasota County History

Sarasota County saw the second highest level of sales in its history in April 2014 – a total of 
1,195 closed transactions recorded in the My Florida Regional MLS system. That figure was 
topped only by the 1,223 sales reported a decade ago, in April 2004, just preceding the real estate 
boom that saw rapid price escalation. 

The other months close to that figure were in the spring and early summer months of 2004 and
2005, and in March, April and May of last year. In April 2014, 759 single family home sales
closed, and 436 condo sales were…

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Sarasota Real Estate Market Report: February 2014

The following report is from the Sarasota Association of REALTORS as published on March 20,2014 for closed February Business.

Sarasota February Market Sales Maintain Steady Pace

Property sales in Sarasota County for February 2014 maintained a very steady pace, and median sale prices for single family homes and condos also reflected market stability and integrity. Single family prices have been remarkably even for the past 12 months, while condo prices have seen somewhat more volatility.

February 2014 closed sales of 787 were down slightly (2.4 percent) from last February, when they were at 807, but up slightly from January 2014 (767).

DISTRESSED PROPERTY SALES DECREASING
The other notable market statistic was the recent marked decrease in…

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Sarasota Real Estate Market Report: January 2014

2014 Begins with Sarasota County Market Heating UP

The following report is from the Sarasota Association of REALTORS as published on January 20, 2014

NEW LISTINGS UP
New listings in Sarasota County were up substantially in January 2014, sending the total inventory to a 32-month high level, up 10.6 percent from December 2013 and yet another sign of a market in a strong recovery period.  In a recovering market, new listings and the overall inventory generally rise as sellers raise their estimation of a property’s value, but the increase normally occurs only after the market has turned up. Inventory levels are now 30 percent above the recent low in July 2013, only six months ago.

PRICES
In addition, the Sarasota County market continues to witness…

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Sarasota Top Ten Luxury Home Sale for 2013

Michael Braga of the Sarasota Herald Tribune recently published a great article about the Top Ten Luxury Home Sales for Sarasota in 2013 and who bought those homes.  The complete article is below with pictures from Michael Braga and the Herald Tribune.  Sarasota is such a great place to live and attacts people from all over.  Enjoy the Article!

Top Ten Luxury Home Sale in 2013
By Michael Braga of the Sarasota Herald-Tribune

A well-known comedienne, the founders of a military technology company, the chief executive of Sherwin Williams and two real estate developers were among the top 10 luxury home buyers in Manatee and Sarasota counties during 2013.  There also was a conveyor belt company owner and software developer.  But the largest contingent of…

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Sarasota Real Estate Market Report: December 2013

Single Family Home Prices Up 20.6 Percent Over This Time Last Year

The following report is from the Sarasota Association of Realtors as published on December 19, 2013.

MEDIAN SALES PRICES
Median sale prices for single family homes sold in Sarasota County in November 2013 were up 20.6 percent over last November, a clear sign that recent price appreciation in the single family home market is continuing unabated.

Single family home prices were at $187,000 this November compared to only $155,000 last November. The median sale price for single family for the 12 month period ending Nov. 30, 2013 was $181,700, up 23 percent over last year at this time ($147,000). Comparing November to October, prices were up slightly for single family from $185,776 last…

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Sarasota Real Estate Market Report: September 2013

September 2013 Sales Up 22.5 Percent Over Last 1.6 Last Year

The following report is from the Sarasota Association of Realtors as published on October 22, 2013.

Property sales in September 2013 in Sarasota County hit 817 (545 single family homes, 272 condos), 22.5 percent higher than in September 2012. However, the total sales figure was down 14.6 percent from August 2013, when 957 sales were closed, mirroring a similar late summer drop last September.

PENDING SALES
Last year, the fourth quarter saw stronger sales than typical for the fall months, and strong pending sales point to a similar pattern this year. Overall, September pending sales (properties that went under contract during the month) were at 750 – close to the September 2012…

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