Florida has a lot going for it. Lower income and property taxes, warm weather, no estate taxes, and incredible recreation and beaches makes this state a desirable place. In Sarasota, what we have at the moment is a supply and demand issue. There’s a big pent-up demand issue of not having enough inventory to meet the current demand of buyers. Homebuyers are more confident than the sellers and they’re ready to make up for lost time. Our market is seeing incredible activity. I can report as of this newsletter I am navigating a total of nine pending sales and recently closed several more.
MARKET SUMMARY – SINGLE FAMILY HOMES – LONGBOAT KEY Click here for full report.
CONDOMINIUMS / TOWNHOMES – LONGBOAT KEY Click here for full report.
CONDOMINIUMS – DOWNTOWN SARASOTA Click here for full report.
If you’re ready to sell your residence, let’s connect today. Buyers are interested and they may be looking for a house just like yours. Call me if you are interested in purchasing or selling your residence.
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Exclusive Listings
VUE SARASOTA BAY – SARASOTA
2BR/2.5BA * 1,580 SF * Direct Bay Views * $1,345,000
Contact me for more information!
ISLANDS WEST – LONGBOAT KEY
2525 Gulf of Mexico Dr., #9F | Longboat Key, FL 34228 – SOLD
2BR/2BA * 1,460 SF * Direct Gulf Views * $999,000
2525 Gulf of Mexico Dr., #9F | Longboat Key, FL 34228 – SOLD
2BR/2BA * 1,460 SF * Direct Gulf Views * $999,000
Contact me for more information!
PLAYERS CLUB – LONGBOAT KEY
1485 Gulf of Mexico Dr., #102 | Longboat Key, FL 34228 – SOLD
3BR/3BA * 1,774 SF * Updated & Furnished * $995,000
1485 Gulf of Mexico Dr., #102 | Longboat Key, FL 34228 – SOLD
3BR/3BA * 1,774 SF * Updated & Furnished * $995,000
Contact me for more information!
News Briefs
Many economists forecasted that the real estate market would experience a bounce-back in the 2nd Quarter and all indicators show that is exactly what is happening. In Sarasota, there was a 75% increase on pending listings from April to May and the number of active listings decreased 9%.
The Longboat Key Public Tennis Center has reopened all courts and doubles play is set to resume on courts one through six with a reservation. The weekday hours for the tennis center are extended from 7:30 a.m. to 5 p.m. The facilities are open Saturdays and Sundays from 7:30 a.m. to noon.
Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come out on top as the best long-term investment. The belief of the American people in the stability of housing as a long-term investment remains strong.
