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Sarasota, Florida ranks 20 in U.S. News and World Report of The 25 Most Desirable Places to Live in the U.S. in 2019. 20. Sarasota, Florida Best Places to Live 2019 Rank: 18 Metro Population: 768,381 Median Home Price: $237,260 Median Annual Salary: $42,680 A popular retirement destination with a median resident age over 51, Sarasota is seeing its population grow rapidly. It's no wonder, with year-round warm weather and beaches popular among tourists and residents alike.  Complete List of Top 25 Most Desirable Places to Live in the U.S. in 2019 25. Spokane, Washington 24. Salinas, California23. Port St. Lucie, Florida22. Myrtle Beach, South Carolina21. Anchorage, Alaska20. Sarasota, Florida 19. Winston-Salem, North Carolina18. New Orleans17. & 16. Santa Barbara, California and Asheville, North Carolina15. Pensacola, Florida14. Phoenix13. Nashville, Tennessee12. Fort Myers, Florida11. Los Angeles10. Denver9. Austin, Texas8. New York City7. Seattle6. Las Vegas5. San DiegoTie for 1st Place - Portland, Oregon - San Francisco - Colorado Springs - Honolulu This is an interesting list of the most desirable places in the United States. Nothing against the fine people of Ft. Myers, Florida but I don't know how that is a better place to live than Sarasota. Perhaps it is the lower average home price? Also, I don't see Naples, Florida on this list and that is a great place to live. How about Miami, Florida? I would rather live there than Port St. Lucie. Charlotte, North Carolina didn't make the list? Personally, I would rather live there than New Orleans.  Different strokes for different folks. ;-)    
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Article courtesy of Liane Jamason from our sister site DwellFL.com.   Any time there is a hot seller's real estate market, lots of "discount" real estate related marketing ploys pop up out of the woodwork.  Do you remember the days of those annoying commercials - "THANKS BuyOwner"? I do Today we have OfferPad, Zillow Instant Offers and OpenDoor - also known as iBuyers.  These companies are pulling out big bucks, advertising on billboards and in local TV commercials. What is OfferPad, Zillow (Instant Offers), OpenDoor (iBuyers)? These are companies that will give you an offer on your home in a very short period of time - usually within 24 hours.  Sounds great right?  They'll buy your home and you can close immediately.  No showings - pretty seamless. Again - not everything is as it seems. I recently appeared on Bay News 9 to talk about how these instant offers work.     When I first started hearing about Instant Offers or "iBuyers", I thought to myself - why would someone do this?  How does it work?  I wanted to know as a Realtor because in theory these companies could be competition for me - so I decided to try it myself, because I was about to sell my home. I went to OfferPad and put in a house I owned in St. Petersburg which was worth about $400,000 - based on area comparable sales.  It's a 3 bedroom 2 bath with a pool.  Here's the offer they sent me:     So, they offered me $80,000 UNDER what I could sell for if I sold it on my own or with a real estate agent.  To top that off, they also charge a 7 service fee, which includes a mover.  I don't know about you, but I can find a mover who'll move me for a whole lot less than $22,400.  My last mover cost me $700. Here's how they make money.  First, that 7 fee obviously - it's not a whole lot different than a real estate agent who charges a commission - except they are making it a package deal and throwing in a mover and saying you can stay in your home for 3 days post-closing (which is something any real estate agent can negotiate, by the way.)  But you have no representation in this scenario. I know that a lot of people do not know the 101 things a Realtor does in a real estate transaction but I assure you it is a lot and we are there for your protection.  In this scenario, when you sell your home to Offerpad (or any iBuyer), OfferPad is representing themselves as buyer/broker but no one is representing your best interests.  There's no one examining the contract or negotiating repairs on your behalf.  The kicker is this - that 7 is not counting the mandatory repair charges by their ‘preferred’ contractors that you have to use - I saw a seller once get an additional $30k+ tacked on, because they didn't know any better.  Had they had a Realtor representing them, the agent might've explained that in our area, we commonly use "as-is" contracts and repairs are limited to insurance related items typically. Secondly - the reason their offer is so low is because once the iBuyer buys the property, they'll resell it or flip it to an investor, thus turning a profit there. The only reason I can think that a consumer might use the Instant Offer service is if they have a new job somewhere out of state and have to move immediately, and don't want to deal with selling their home and are willing to fork over a hefty bit of profit for that convenience.  But they have to realize they are taking a very significant loss on what the home sells for - in my case I'd have lost over $80,000, just on the low offer price alone, before the 7 fee was tacked on. Now let's talk about OpenDoor - here's a screenshot of an OpenDoor offer above. The fine print in the image above states that there is a 10.5 service fee.  This is so much higher than what most Realtors charge in commission and the iBuyer is going to low ball you on the offer to top it off.  OpenDoor's fees vary by market but we are seeing between 7.5 and 10.5. My point is, when it comes to selling your home, do a little homework.  Pull up online reviews of local Tampa Bay realtors and see who is selling a lot at a high list-to-sell ratio.  You want the very best agent representing you in the sale of what is likely the largest financial asset you have.  Don't let just any agent do this for you.  You could walk away with more money in your pocket with proper representation than if you sell to an instant offer company.  Sure - you'll have to have some showings and listen to the advice of your agent - but isn't over $80K (or more depending on your home's value) worth it? In a hot buyer's real estate market you see other types of marketing ploys like "Your Home Sold Guaranteed or We'll Buy It."  Also not what it's cracked up to be.  This one is a major bait and switch. A savvy real estate agent can sell your home in 30 days or less when the condition is good and the price is right, and alleviate many of the hassles of selling for you.  We are currently in the highest real estate market I've seen in 13+ years, it's a great time to sell.
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There is no shortage of new construction master planned communities to choose from in the Sarasota/ Manatee area but sometimes you want to be ahead of the game and know what's "coming soon" before the general public is made aware when listings are added to the MLS then pushed out for all to see on the web. It wont be long before this gem of a community hits the MLS and we want you to know about it first Situated on roughly 200-acres between State Road 70 and University Parkway, Taylor Morrison is building another of its fabulous Esplanade resort communities. Introducing, The Heights, a gated enclave community west of Lakewood Ranch off Honore Avenue just on the outskirts of the UTC shopping/ dining hub.  The Heights is planned to offer its homeowners a stunning array of homes inspired by California Tuscan architecture with views overlooking the wooded wetlands, lush landscapes, and beautiful lake views of 255-acre Ward Lake. Taylor Morrison will bring its signature resort-style amenities into The Heights to ensure all residents live the best Florida lifestyle possible. The amenity center is planned to include a resort-style pool and spa, splash pad, cabana area, fitness center, lighted pickleball, bocce ball, basketball courts, dog park and an elevated Trail Park with walking trails, sitting areas overlooking Ward Lake, exercise stations, and open lawn areas for outdoor activities.  The Heights will be broken up into two neighborhoods; Esplanade at The Heights and Grandview at The Heights. All homes in both communities will offer well-designed floor plans featuring spacious living rooms, beautifully appointed designer kitchens, luxurious owner’s suites and flexible upgrade options throughout. Prices and community fees are still being determined and have not been announced yet. Other beloved Taylor Morrison communities in the area include: Esplanade at Lakewood Ranch, Bellacina by Casey Key, Esplanade by Siesta Key and more. The beauty of this community is its location. West of I-75 and perfectly positioned to be outside the bustle of University Parkway but close enough to reach the shop, restaurants and everyday conveniences at UTC. a 5 minute drive will get you to Whole Foods, Super Target, Nathan Benderson Park and the Mall. A 15 minute drive will get you to the heart of Downtown Sarasota to enjoy the arts, entertainment, incredible restaurants, shops and galleries plus a quick drive over the Ringling Bridge will get you to Lido Key to soak up the sun at the beach and St. Armands Circle. All the perks and benefits of this community are too many to list, so let us give you the run down and all updates as they become available.  Map Location of The Heights   Floor Plan Options in The Heights Farnese 2,100 Sq. Ft. | 2 Bedrooms | 2.5 Baths | 2 Garage | 1 Story The Farnese is a 2,100 sq. ft. single-family home filled with flexible space options. The foyer leads to separate den and dining rooms which may be open or closed with optional double doors. The great room is adjacent to a designer kitchen with its own breakfast nook and spacious counter top island. The Owner's Suite includes a bay window, dual sinks, corner shower, water closet and walk-in closet. Additional space options includes an expanded covered lanai and additional garage area. This floor plan offers 4 different exterior options. Piceno 1,856 Sq. Ft. | 2 Bedrooms | 2 Baths | 2 Garage | 1 Story This beautiful home with 1,856 square feet of living space features an open dining and family room for those who love entertaining. The kitchen has ample counter and cabinet space with two entry ways. The Owner's suite has his-and-hers walk-in closets attached to the Owner's bath. The study adds space for an office or flex room. Options include a bay window for the Owner's suite, a gourmet kitchen, outdoor living options, tandem garage.   Lazio  2,275 Sq. Ft. | 3 Bedrooms | 3 Baths | 2 Garage | 1 Story The Lazio is one of Taylor Morrison's most popular floor plans. This home has so much to offer with 2,275 sq. ft. of living space, 3 bedrooms, 3 full baths, a study and two-car garage. Enter the home though the foyer which leads into a dining room and spacious great room. The designer kitchen with large island overlooks the gathering room which has a sliding door leading to a spacious lanai, perfect for outdoor living. The Owner's Suite includes dual sinks, large shower, water closet and large walk-in closet. Options on the Lazio include adding a bay window to the owner's suite, a gourmet kitchen, extended lanai with outdoor kitchen, and more     Ibis 1,533 Sq. Ft. | 2 Bedrooms | 2 Baths | 2 Garage | 1 Story The open floor plan of the Ibis twin villa offers 1,533 square feet of living space, and 2,081 total square feet including the two-car garage and covered screened lanai as well as the covered entry. An elegant owner's suite, private owner's bath, and walk-in closet are all located in the back of the home while the second bedroom with attached bathroom and the spacious study are at the front of the home. The designer kitchen is open to an expansive great room and dining room.    
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The DWELL Brokerage is growing In 2016 we opened our second Florida office in Downtown St. Petersburg and expanded our luxury real estate brand into the St. Pete/ Tampa Bay area. Since then, our St. Pete team proved this was a successful endeavor for DWELL and now we've added Liane Jamason to lead this office to new heights.  Liane Jamason, formerly of Smith & Associates Real Estate, will serve as broker of record at DWELL’s St. Pete office, which will be co-owned by her and our Sarasota DWELL owner/broker Marc Rasmussen. Liane is a leading St. Pete realtor who generated $24 million in sales volume in 2018. “Liane has been a valuable resource for over a decade when I needed assistance in the Pinellas and Hillsborough county real estate markets,” Rasmussen shared in a recent press release. “I have always admired her ingenuity, values, professionalism and commitment to her clients. It is exciting to be partnering up with her to provide our clients a better real estate experience as well as the opportunity to grow DWELL’s brand in those markets.” "Marc has built an incredible luxury brand in Sarasota with DWELL,” Jamason shared in the same press release. “For the last decade or so, Marc and I have been colleagues who consulted with one another on real estate technology and best practices in real estate. I'm thrilled that the opportunity to partner presented itself to bring the DWELL brand to St. Petersburg.” Welcome to the DWELL Real Estate family, Liane  DWELL’s St. Pete office is located at 360 Central Ave., Suite 800 in Downtown St. Pete.
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Sarasota ranks as one of the top places to live in the United States, and is the highest-ranked Florida city, according to a new list compiled by U.S. News & World Report. The publication ranked the 125 largest metropolitan areas and found that life’s good in Sarasota, placing the city at No. 18 overall and ahead of every other city in the Sunshine State. Austin was ranked at No. 1. U.S. News considered five main indexes (and graded them on a 10-point scale) in compiling the list: desirability, value, job market, quality of life and net migration. Sarasota earned a score of 7.0, with a quality of life score of 7.4 and a value score of 5.7. The publication cited Sarasota’s warm temperatures, “year-round, award-winning beaches and a thriving arts and cultural scene.” It also says Sarasota is struggling to keep up with infrastructure needs as the population grows. The area “offers a sizeable job market for those working in health care, small business and tourism.” U.S. News puts Sarasota at No. 3 in its list of best places to retire. The other Florida cities that made the list: Melbourne, No. 25; Fort Myers, No. 35; Pensacola, No. 37; Jacksonville, No. 42; Tampa, No. 56; Lakeland, No. 59; Orlando, No. 63; Port St. Lucie, No. 78; Daytona Beach, No. 99; and Miami, No. 113.   Original Article Published by: Sarasota Herald Tribune  
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  We often get asked the question from potential buyers, "What will my property taxes be if I buy this property?" Many Realtors will say that a good rule of thumb in estimating Sarasota property taxes is 1.0-1.5 of the value of the property.  Is this true? If you visit the Sarasota County Property Appraiser website regarding estimating Sarasota property taxes it states: While we would like to provide a tax estimate that is meaningful, future taxes cannot be calculated due to a multitude of variables, many of which will not be determined until Notices of Proposed Taxes and Proposed or Adopted Non-Ad Valorem Assessments form (TRIM Notice) are mailed in August. The best estimate of taxes available is the current amount reflected on the Tax Collector's website, http://www.sarasotataxcollector.com/. If you recently purchased a property or are in the process of purchasing a property, please note that all existing exemptions, caps and discounts that are on the property from the previous owner will be removed and the assessed value will be returned to market value. WHY ESTIMATING TAXES CAN BE DIFFICULT With the passage of Save Our Homes Amendment (3 assessment increase on homesteaded property) and more recently Amendment One (10 assessment cap on non-homesteaded property), the formula for estimating taxes has become much more complicated in recent years. Information that needs to be considered when estimating taxes since the passage of the amendments includes but is not limited to: Location of the property Taxable value of the property Taxing district millage rate to apply in the calculation What effect has the market had on the property? Whether owner(s) benefit from any exemptions and/or discounts and how these are applied Whether the owner(s) have or will be transferring any Save Our Homes cap value Various factors must be considered when estimating taxes, making the calculations different for each specific scenario. As stated above, future taxes cannot be calculated due to a multitude of variables, many of which will not be determined until Notices of Proposed Taxes and Proposed or Adopted Non-Ad Valorem Assessments form (TRIM Notice) are mailed in August. We encourage all property owners to read their TRIM Notice carefully and to contact us with any questions. Basically, Sarasota county is saying that it is difficult (and risky) for them to estimate taxes and that you should estimate based on the last year's taxes minus any exemptions the homeowner may have had.  Is 1.0-1.5 a Good Rule of Thumb? I decided to do a little test to see if this rule of thumb was still good. I downloaded a sample of sales that occurred in January and February of 2018 in Sarasota county. My sample size was 646 homesteaded and non-homesteaded properties with prices ranging from $107,000 to $4,250,000. I then compared these sales prices to their most recent tax bill. When you mash all of these properties together and average their tax liability in comparison to their sales price it came to: 1.13 So, given the variables above it does appear that 1.0-1.5 is still a good rule of thumb when estimating Sarasota county property taxes.  Just for kicks I broke it down even further by price range.    Sales Price       Avg Property Taxes/Sales Price          Average Property Taxes $100,000 - $199,999 1.27 $1,992 $200,000 - $299,999 1.14 $2,799 $300,000 - $399,999  1.10 $3,823 $400,000 - $499,999 1.08 $4,822 $500,000 - $599,999 1.15 $6,233 $600,000 - $699,999   1.02 $6,591 $700,000 - $799,999 1.05 $7,693 $800,000 - $899,999 1.25 $10,674 $900,000 - $999,999 1.12 $10,664 $1m - $2m 1.03 $14,089 $2m-$3m 1.08 $26,794 $3m-$4m 1.22 $41,872 $4m+ .92 $38,932   I hope you found the above information helpful. Remember, we are using these estimates as a "rule of thumb". Which is defined as "a broadly accurate guide or principle, based on experience or practice rather than theory." If you are looking to purchase please do your homework when estimating Sarasota property taxes.  If we can help you buy or sell a property please feel free to contact us.       
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I was originally going to title this post "The 10 Most Expensive Neighborhoods in Sarasota". But, that got a little too complicated for various reasons. So, I simply searched for single family homes with the highest market value determined by Sarasota county and listed some of their neighborhoods below. It doesn't seem fair to only showcase 10 neighborhoods since there are 100's of fabulous and expensive neighborhoods in Sarasota. Take a tour around the Sarasota bay by boat and you will see exactly what I mean.  This is meant to be more of a fun article. So, I wouldn't use this information for valuation purposes or anything too technical. It is also important to note that the 10 communities below are in no particular order.  Lido Shores   The next time you are on St. Armands Circle or if you are heading to Longboat Key or City Island take a little detour to the stunning homes found around Lido Shores. This community sits on the north end of Lido Key and is home to some of the most amazing properties you will find in Sarasota. If are a fan of contemporary style homes and the Sarasota School of Architecture then you should definitely check out Lido Shores.  Casey Key   Casey Key is more of an island than a neighborhood but it had to be added to this list because of the amazing homes found here. Casey Key is a short 8-miles of breathtaking shoreline, white sandy beaches and subtropical properties. The area offers welcomed seclusion from cluttered commercial cities, and it is less than 300 yards at its largest West to East width. At the North end of Casey Key is Sarasota Bay's Siesta Key area. However, Casey Key extends into the Venice Beach area on its South end. Bird Key   Located between downtown Sarasota and Lido Key is the exclusive waterfront neighborhood of Bird Key. There are just over 500 homes on Bird Key. This community is just a few minutes away from the attractions and excitement of Downtown Sarasota, the beaches of Lido Key and Longboat Key, as well as the popular destination spot of St. Armands Circle.  Bird Key properties are made up of bay front homes, canal homes and garden (non-waterfront) homes. This is one of the most sought after areas in Sarasota, Florida. You will notice that many of the homes on Bird Key are newer. The island was developed in the 1950's and 1960's yet the area is in such high demand that many of the older Bird Key homes have been torn down to make way for newer ones. Harbor Acres One of Sarasota Bay’s most luxurious neighborhoods is Harbor Acres whose desirable waterfront real estate is located on the mainland shores just south of Downtown Sarasota. It is one of Sarasota’s premiere West of Trail neighborhoods, where elegant old-Florida style homes sit contentedly next to very modern showplaces.  With a beautifully landscaped atmosphere, the 166 Harbor Acres home sites with their palm lined streets send residents back in time to the old Sarasota Florida neighborhoods. Some of Florida’s best architecture is here offering stunning bay-front or canal-front views, making Harbor Acres a boater’s paradise. The bay front homes in this real estate market have luxurious, panoramic views of the Ringling Bridge as well as Bird Key. Indian Beach/Sapphire Shores Located in the desirable Museum District of North Sarasota, the neighborhood of Indian Beach defines eclectic home styles. From quaint cottages to multi-million-dollar bayfront estates, homes in the Indian Beach real estate market range from some of Sarasota's most historic to most modern masterpieces. In addition to the lovely homes for sale, the lush, mature landscapes of colorful native plants nestling beneath canopies of 100 year-old banyan trees are exactly what buyers would expect in one of Sarasota's oldest neighborhoods. Oyster Bay Estates Oyster Bay Estates is an eclectic community of diverse homes sitting on large lots with mature and lush landscaping. Here you can find anything from an older ranch style home, a modern structure designed with Sarasota School of Architecture themes, Key West style as well as Spanish-Mediterranean designs. The feeling of ‘Old Sarasota’ from the 1910’s and 1920’s shines through in Oyster Bay Estates. Many of the original homes for sale from this community have been torn down to make room for condominium properties, however this neighborhood stays true to it’s historical roots. The tropical landscaping and beautiful waterfront estates give charm to this historic Sarasota development. Oyster Bay Estates is located West of the Trail and sits on the Sarasota bay. Some of the streets include North and South Lakeshore Drive, Camino Real and Field Road. This is an exclusive community with a fabulous location. Boaters will appreciate deep canals and stunning views of the bay. Regent Court If you have driving on the south end of Longboat Key you will notice a row of very large homes on the beach beyond the golf courses of the Longboat Key Club. These 8 homes are located within the Regent Court neighborhood. Some of the most expensive properties in Sarasota are located here. Regent Court boasts large parcels and very large waterfront mansions. Currently, there are 2 homes for sale, 825 Longboat Club Road - $15,900,000 and 845 Longboat Club Road - $22,500,000.   St. Armands Circle    Circus magnate John Ringling purchased the property that is today's St. Armands Key in 1917. His vision for this unique planned development included a shopping area laid out in a circle, European-style, in addition to residential homes. Ringling Circus elephants were used to haul in the timbers to build the bridge that would connect the area to the mainland.  St. Armands Circle offers a wide array of homes with diverse architectural styles. I think residents choose to live here primarily because they have so much within footsteps. They can hit the beach, do some shopping for clothes, artwork or chachkies and enjoy delicious meals and/or drinks with friends, all without having to get in their vehicle.   Sanderling Club   Some of the finest homes on Siesta Key are those found in The Sanderling Club. This exclusive neighborhood features properties that give the island it’s charm and appeal. Sanderling Club is located south of the Stickney Point Bridge right on the Gulf of Mexico. If you prefer a gated community, Sanderling Club’s 24-hour gated security is the only community that features this on Siesta Key. The beautiful homes in The Sanderling Club were built on massive, estate sized lots that offer lavish landscapes with exotic trees and rare tropical foliage. The majority of the residences in this community are prices between $1 million to $20 million. The south end of Siesta Key (just behind Turtle Beach) provides palatial beach side residences for Sanderling Club communities. The convenience here is a big draw for those who want a beachfront location but may not want to be as far south as Casey Key. Bay Island   Bay Island is made up of 169 single family homes that are located on the north end of Siesta Key. It is an island community completely surrounded by water, affording beautiful waterfront home options for potential real estate investors. Houses located in the northern shore of Bay Island enjoy the most stunning views of the Sarasota Bay as well as the city skyline. On top of these amazing backdrops, residents of Siesta Key Bay Island have the Ringling Bridge to admire, which stretches from downtown Sarasota to Bird Key. Lighthouse Point Lighthouse Point is located on the south end of Longboat Key. You will notice these multi-million dollar homes on the water as you drive over New Pass on to Longboat Key from Lido Key or drive a boat through New Pass. This small gated enclave is highly sought after. The homes are convenient to golf, tennis, beach, bay, St. Armands Circle and downtown Sarasota. The great thing about many of these homes is that you have easy access to Longboat Key beach as well as a dock to store your boat. It is a small community so not many homes are usually for sale.     Again, the above neighborhoods are just the tip of the iceberg in terms of luxury homes in Sarasota. There are literally 100s of amazing communities in the Sarasota/Bradenton area. Give us a call at 941.822.0708 or contact us here if we can help you buy or sell a home.   Marc RasmussenBroker/Owner of DWELL Real Estate   
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  Is the party over? Let's take a look at some supply and demand statistics for real estate in Sarasota & Manatee counties.    Above charts shows Sarasota and Manatee county home and condos for sale, pended and sold from November 2017 to January 2019 in all price ranges. The number of for sale listings was up 13.2 from one year earlier and up 10.9 from the previous month. As of today, March 5th, there are 9,404 properties for sale in both counties. The number of sold listings decreased 19.1 when comparing January 2018 to January 2019 and decreased 22.3 month over month. The number of under contract listings was down 3.7 compared to last January. The months of inventory based on closed sales is 7.9, up 41 from the previous year. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS   Jan. 19 Dec. 18 Change Jan. 19 Jan. 18 Change Nov. 18 to Jan. 19 Nov. 17 to Jan. 18 Change 3/1/2019 - 3/4/2019 2/1/2019 - 2/4/2019 Change For Sale 9,271 8,357 10.9  9,271 8,191 13.2  9,271 8,191 13.2  9,404 9,249 1.7  Sold 1,180 1,519 -22.3  1,180 1,459 -19.1  4,363 4,779 -8.7  139 138 0.7  Pended 2,078 1,247 66.6  2,078 2,157 -3.7  4,755 5,263 -9.7  273 298 -8.4      Sarasota & Manatee County Real Estate Statistics - $0 - $999,999  Homes and condos for sale in both counties priced from $0 - $999,999 - The number of for sale listings was up 13.1 from one year earlier and up 11.1 from the previous month. The number of sold listings decreased 18.4 year over year and decreased 22.8 month over month. The number of under contract listings was up 67.1 compared to previous month and down 2.3 compared to previous year. The months of inventory based on closed sales is 7.3, up 37.8 from the previous year. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS   Jan. 19 Dec. 18 Change Jan. 19 Jan. 18 Change Nov. 18 to Jan. 19 Nov. 17 to Jan. 18 Change 3/1/2019 - 3/4/2019 2/1/2019 - 2/4/2019 Change For Sale 8263 7439 11.1  8263 7308 13.1  8263 7308 13.1  8367 8247 1.5  Sold 1128 1462 -22.8  1128 1383 -18.4  4204 4506 -6.7  133 130 2.3  Pended 1997 1195 67.1  1997 2045 -2.3  4561 4962 -8.1  267 287 -7    Sarasota & Manatee County Real Estate Statistics - $1,000,000 - $1,999,999   Homes and condos for sale in both counties priced from $1,000,000 - $1,999,999  - The number of for sale listings was up 10 from one year earlier and up 9.6 from the previous month. The number of sold listings decreased 25.9 when comparing January 2018 to January 2019 and decreased 2.4 month over month. The number of under contract listings was up 41 compared to previous month and down 38.9 compared to previous year. The months of inventory based on closed sales is 16.6, up 48.4 from the previous year. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS   Jan. 19 Dec. 18 Change Jan. 19 Jan. 18 Change Nov. 18 to Jan. 19 Nov. 17 to Jan. 18 Change 3/1/2019 - 3/4/2019 2/1/2019 - 2/4/2019 Change For Sale 663 605 9.6  663 603 10  663 603 10  670 662 1.2  Sold 40 41 -2.4  40 54 -25.9  115 203 -43.3  5 4 25  Pended 55 39 41  55 90 -38.9  143 247 -42.1  3 7 -57.1    Sarasota & Manatee County Real Estate Statistics - $2,000,000+ Homes and condos for sale in both counties priced from $2,000,000+ - The number of for sale listings was up 23.2 from one year earlier and up 10.2 from the previous month. The number of sold listings decreased 45.5 when comparing January 2018 to January 2019 and decreased 25 month over month. The number of under contract listings was up 100 compared to previous month and up 18.2 compared to previous year. The months of inventory based on closed sales is 28.8, up 126.5 from the previous year. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS   Jan. 19 Dec. 18 Change Jan. 19 Jan. 18 Change Nov. 18 to Jan. 19 Nov. 17 to Jan. 18 Change 3/1/2019 - 3/4/2019 2/1/2019 - 2/4/2019 Change For Sale 345 313 10.2  345 280 23.2  345 280 23.2  367 340 7.9  Sold 12 16 -25  12 22 -45.5  44 70 -37.1  1 4 -75  Pended 26 13 100  26 22 18.2  51 54 -5.6  3 4 -25     Summary   Months of For Sale For Sale   Sold Sold   Pended Pended     Inventory Jan 2019 Jan 2018 Change Jan 2019 Jan 2018 Change Jan 2019 Jan 2018 Change  All Prices 7.9 9,271 8,191 13.2  1,180 1,459 -19.1  2,078 2,157 -3.7   $0 - $999,999 7.3  8,263 7,308  13.1  1,128 1,383  -18.4  1,997 2,045 -2.3   $1m - $1.999m 16.6 663 603 10  40 54 -25.9  55 90 -38.9   $2m+ 28.8 345 280 23.2  12 22 -45.5  26 22 18.2                        As you can see by the data above, inventories of homes and condos are up in all price ranges. The number of sold properties declined as well as those that went under contract (pended).  What does all of this mean? It simply means that buyers have more properties to choose from and sellers have more competition. For the time being, the pendulum has moved so that the buyers have more leverage. However, this can change back quickly. A slow down in the real estate market isn't necessarily something to get depressed about. Home prices can't increase at record levels forever. In my opinion, a breather every now then helps prevent a market crash.    
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It's a secret we've been holding in for the last month, but now that the Sarasota Herald Tribune has published the winners in this past Sunday's paper, we are ecstatic to announce our 5th consecutive win for Best Real Estate Office. On February 20th, we joined all the Readers' Choice Award winners and finalists at The Grove in Lakewood Ranch to accept our award and meet all our fellow winners in different categories. We want to thank our amazing clients, friends and the Sarasota community for coming together and helping us win this amazing award year after year since 2015. This award is only that much sweeter knowing your voice and vote made it possible. Each and every day we strive to showcase the very best of what a Realtor should be; expertise in the process, strong market knowledge, plus superb customer service from first contact to the closing table and beyond.  We would also like to thank the incredible DWELL team for being a core reason why we have been voted Best Real Estate office all these years. Your tenacity and hardworking nature coupled with your passion and professionalism continuously proves to this community why it pays to be represented by this office. You make this office what it is and we thank you for being the best reflection of what this brokerage was built to be.  And last, but never least, to our Broker/Owner, Marc Rasmussen, we are grateful to be apart of such a phenomenal office. Eight years in the making and your vision for this brokerage has blossomed into a true success story. Thank you for bringing us all together and making this one of the best brokerages to be apart of.     
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Here is an interesting article from the Bradenton Herald. Real estate prices heavily depend on supply and demand. A 50 increase in population should dramatically increase demand for local homes and condos. Contact us if you want to purchase long term real estate investments.    If you think we are crowded now, wait 25 years. New report predicts a population boom MANATEE - A new study from the University of Florida Bureau of Economic and Business Research estimates a population explosion of 50 percent by 2045 across the Manatee-Sarasota area. If the new study is accurate, the Manatee-Sarasota, as well as Charlotte County, would gain more than half a million people in the next 25 years. Manatee County is predicted to see the most growth, with about 200,000 new residents, bringing the county’s population to about 550,800. That projection would see Manatee County surpass Sarasota County’s population by 2045, but not by much with Sarasota County expecting to grow as well. “Fifty percent increase is very significant,” said David Hutchinson, Manatee/Sarasota Metropolitan Planning Organization executive director. “A little downturn in the economy could slow things down but on average for the next 25 years, that is a significant amount of growth.” Trends are holding steady, showing Manatee County as one of the few counties in the region to be getting younger, so the area is not necessarily a retirement haven as other parts of the state, which also is expected to see tremendous growth. “There are studies that look at Florida’s mega-regions, but all of Florida is estimated to be a mega-region by 2050,” Hutchinson said. “That’s based on the population growth and past trends that occur mainly on the coasts and in the Orlando corridor. Florida, as a whole, is growing equally as much as the city of Orlando every year.” But inland counties are seeing significant growth as well. More than 2.5 million people made Florida their home during the same time period and several inland counties saw a growth of more than 40,000 new residents each. Florida Senate President Bill Galvano, R-Bradenton, announced on Wednesday his priority to push legislation to extend the Suncoast Parkway — a lightly traveled toll road — to Georgia in an effort to improve access to rural communities. The toll road’s expected revenue was far less than originally estimated. It cost $507 million to build with expectations of generating $150 million by 2014, but only made $22 million, according to the Tampa Bay Times. “I believe it’s a good idea,” Galvano told reporters Wednesday at a press conference. “We need access to our rural communities. We need to improve access so prosperity can return there.” Galvano said it’s only been the coastal communities that have benefited economically from growth. The Suncoast Parkway extension is not a new idea and one that has historically been resisted by inland agricultural communities who don’t like the idea of a toll road coming through farmland communities. Galvano also is suggesting a new highway connecting Polk County to Collier County, and to extend the Florida Turnpike from I-75 in Wildwood to the Suncoast Parkway. Hutchinson said, if Galvano is successful, it’s not a bad idea. “Those improvements he mentioned would also benefit the existing network by providing alternative routes,” he said. ARE WE READY FOR THAT KIND OF GROWTH? “We are preparing for that kind of growth,” Hutchinson said. “We are not going to be able to afford to get around the way we do now, but things like the acceptance of more electric vehicles and the future of automated vehicles will have some effect on capacity. Certainly the expansion of public transportation and rail is necessary and maybe some future technology will make a difference.” Technology is certainly on a fast pace so Hutchinson said there may be some unanticipated solutions in the near future, “So it’s kind of an exciting thing to look forward to as far as the rate of change.” But reality is reality for now. The UF report, citing the U.S. Census Bureau, shows almost 80 percent of Manatee drivers commute alone in their vehicles. Only 8.7 percent of drivers carpool and less than 1 percent use public transportation. Almost 2 percent walk or ride bikes. Those are key numbers that need to be on the rise, Hutchinson said. While business trends show more atypical working environments such as home businesses, currently only 7.5 percent of Manatee County’s workforce works at home, keeping them off the road during peak hours. “We’re not going to eliminate congestion, that’s almost a no-brainer,” Hutchinson said. “But we look at the transportation analysis zones and where zone growth is projected and we can solve and deal with it in specific areas by looking at alternatives to the way we’ve been doing some things and will find relief in some areas.” The county is already showing signs of strain. At a Council of Governments meeting last month, County Commissioner Betsy Benac said, “The reality is this is a very popular place to come. When talking about that kind of population growth, the biggest issue and the No. 1 priority is public safety. The sheriff’s office is having a hard time keeping up with growth and we also know EMS is challenged. And the fire departments.” But that’s not all. “One of our biggest challengers will be the availability of affordable housing and the ongoing challenge of sea level rise,” Hutchinson said. Manatee County was recently cited as the No. 1 most vulnerable county in the country when it comes to sea level rise. An effort is underway to get the region behind a unified effort to battle that dilemma and it will take a regional and state effort to plan ahead for population increases, Hutchinson said. And it’s not just new residents. According to the Florida Department of Transportation’s Commercial Service forecast, visitors to the region are expected to double by 2035 to more than 2.1 million annually.
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