November 2022 Newsletter

longboat key, FL Realtor - Market Update Newsletter November 2022 - Bruce Myer

 

longboat key, FL real estate agent - Market Update Newsletter November 2022 - Bruce Myer

As we head into our winter season, the big question I’m being asked is what type of real estate market can we expect. 

 

In the coming months, national economic pressures will most likely play a part in real estate activity. But, while we are no longer in the frenzied boom market of 2021 and the beginning of 2022, demand still exists. Sarasota and her islands hold a unique allure to Buyers searching for the perfect place to call home.

 

Our luxury market has been outperforming comparable markets. Our inventory is still low. (see inventory charts below) And the rise in interest rates so far has not affected our sales. For those Sellers wishing to sell and stay in the Sarasota area, the challenge is finding a place to move to. So those potential listings are in a holding pattern. And as I’ve said before, Buyers gravitate to residences that have been updated or priced with updating costs considered.

If you need assistance in analyzing our local market, call me. I can help you understand the value, location, and opportunities that exist for you to make Sarasota your home. If you think your first step may be renting before purchase you can find my list of rental companies on my website. Have an enjoyable Thanksgiving holiday.

OVER $134 MILLION SOLD IN 2021

OVER $90 MILLION PENDING AND SOLD IN 2022

RANKED TOP 10 REALTOR OF OVER 8.300 IN SARASOTA & MANATEE COUNTY – 2021

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longboat key, FL Homes For Sale - Market Update Newsletter November 2022 - Bruce Myer

ACTIVE LISTINGS – SARASOTA 34236

ACTIVE LISTINGS – LONGBOAT KEY 34228

MY FEATURED LISTINGS

Longboat Key, FL Real Estate Agent
Market Update Newsletter November 2022

Golden Gate Point • 650 Golden Gate Pt., #503 • Sarasota, FL

2BR+Office/2BA • 1,837 SF • $2,195,000

Beachplace • 1095 Gulf of Mexico Dr., #504 • Longboat Key, FL 2BR/2BA • 1,503 SF • $1,349,000

Beachplace • 1095 Gulf of Mexico Dr., #101 • Longboat Key, FL

2BR/2BA • 1,172 SF • $925,000

2945 Pyrula Drive • Longboat Key

NEW CONSTRUCTION • 5BR/5BA • 3,815 SF • $3,345,000

$10M Record Sale

I am thrilled to announce my sale of 550 Harbor Point Road, Longboat Key, FL. This exceptional residence is located in the Harbor section of Bay Isles and represents the highest sold price for any residence on the Bay side of Longboat Key – ever.

View more details at www.550harborpointroad.com

CLICK TO VIEW OPPORTUNITIES IN NEW CONSTRUCTION

MARKET SUMMARY

If you would like to know our market, please get in touch with me.

 

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.

VISIT BRUCE MYER WEBSITE
WHAT’S MY HOME WORTH

OVER $134 MILLION SOLD IN 2021

OVER $90 MILLION PENDING AND SOLD IN 2022

RANKED TOP 10 REALTOR OF OVER 8.300 IN SARASOTA & MANATEE COUNTY – 2021

Longboat Key, FL Homes For Sale
Market Update Newsletter November 2022