Sarasota Real Estate market update, March 2021

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Real Estate

Debbie McHardy Realtor

Hello friends!

   And the beat goes on! The most recent Sarasota/Manatee county real estate statistics show more closed sales, more cash sales, higher median prices, and limited inventory when compared to a year ago. As long as there are more buyers than sellers in our market - and right now that imbalance is as high as it's ever been - it is clear that now is one of the best times in history in which to sell a home.
  From beachfront condominiums to historic bayfront estates to chic downtown apartments, I can introduce you to the finest in residential real estate investment, and unmatched lifestyle opportunities. Ethical, knowledgeable, connected and loyal, I have  cemented my reputation as a confidant to home sellers and seekers alike who demand uncompromising confidentiality and the highest level of service

     If you would like to talk about this busy market, contact me anytime.


Debbie McHardy
 

M A R K E T  A C T I V I T Y
    
     February's housing market in Sarasota and Manatee counties showed more closed sales, more cash sales, and limited inventory when compared to a year ago.  Single-family home sales increased by 34.5% in Sarasota County and by 12.8% in Manatee County. As long as there are more buyers than sellers in our market - and right now that imbalance is as high as it's ever been - prices will continue to rise. On the supply side, the combined inventory of both property types in the two counties decreased by 69.2% from this time last year. The single-family home supply fell below one month in February, now sitting at 0.9-months in both counties.

  


M A R K E T  O P P O R T U N I T I E S 

    

Bayso Sarasota
   

    The Kolter Group, flush from its success in delivering the mixed-use The Mark in downtown Sarasota,  now offer residences in a new condominium tower situated on the waterfront Sarasota Quay property. BAYSO contains 150 residences priced from the $800,000s, including eight penthouse units. Unit sizes will range from 1,600 sq. ft. to nearly 4,000 sq. ft.  and offer a resort-style pool and spa deck with cabanas, entertainment areas and an outdoor kitchen, as well as a state-of-the-art fitness center, residents' club room and a private dog park and wash. It also will contain amenities such as individual climate-controlled storage lockers and a dedicated lobby staff to service residents.  

Debbie McHardy Realtor

This is the newest opportunity to own a contemporary residence with enviable amenities - all just steps from Sarasota Bay and the vibrant shops and restaurants of thriving downtown.  

Contact me if you'd like to explore ownership, these residences are selling very fast.

 


LISTED BY DEBBIE!

sold by Debbie Mc Hardy Realtor

 

6414 42nd STREET E    |   SARASOTA, FL  34243
3BR/2BA  |  1,696 SF  |  PENDING IN 2 DAYS!  $349,000
The Cascades is a well-situated, premier gated community in Sarasota. This Aruba model has a beautiful open floor plan with vast high ceilings and sliders leading out to the screened lanai.   Contact me if you'd like to see similar properties!

 


SOLD BY DEBBIE!

Glen Oaks Sarasota

1500 GLEN OAKS DR. E #210 | SARASOTA, FL 34232
2BR/2BA  |  920 SF  |   NOW SOLD! $130,500
I just sold this nicely remodeled condo in a wonderful 55+ pet-friendly community.

Contact me if you're thinking of selling your home!

 


S E L L I N G  S T R A T E G I E S


    Invoking the 'escalation clause'
    When it's clear you are going into a multiple offer situation, adding the 'escalation clause' to your offer might be an option your Realtor will propose.  An escalation clause states that the Buyer is willing to outbid any competing offer on the real property by an incremental amount, up to the maximum purchase price offered. 

   Depending on the offer-review process that the subject property's owner and Realtor have put into place should ultimately determine if this tactic would be advantageous.     

    Some sellers might specify, for example, that the property is going on the market on Thursday, and that all offers will be reviewed the following Tuesday. The sellers and their Realtor will make a final decision that day. This situation can be ideal for the escalation clause, when a buyer knows it's an all-or-nothing offer. 

    It is imperative buyers fully understand the escalation clause and the offer process stated before submitting or accepting the clause.


 


N E W S B R I E F S

Belle Haven, Sarasota


     The Historic Belle Haven Building on the Sarasota bayfront is now for sale for $12.5 million and is the last of the historic buildings that were once on that site. Perched between the Hyatt Regency and the new Ritz-Carlton condo tower in downtown Sarasota, the property includes 475 feet of frontage along the lagoon next to Sarasota Bay. Zoned "downtown bayfront," Belle Haven could be permitted for anything from a restaurant to retail to a private residence. Interested?   Contact me for more information about this opportunity to own a piece of Sarasota history.

  boating in Sarasota

    Boating in Sarasota has never been more popular. Even if you are a committed land lover, it has been impossible to miss the huge number of watercraft crowding our bays, passes and inlets over the past year.  Read all about how fantastic boating on our beautiful west coast of Florida can be here.

 

  St Armand's, Sarasota

   Things are returning to 'more normal' here in Sarasota.  St. Armand's Circle will once again come alive with gallery-style booths filled with every medium of fine art during the 18th Annual St. Armand's Circle Art Festival, April 10-11th. The popular free, outdoor event takes place along South Boulevard of Presidents and inside St. Armand's Circle. Masks are mandatory inside the show and entrances and exits will be monitored for one-way traffic. 
                                          

 


Coldwell Banker Realty's Longboat Key office has achieved over $1 billion in closed real estate sales volume in 2020. In addition, seven of Coldwell Banker's agents and teams ranked within the top 20 sales agents for sales production in the local Multiple Listing Service. 

  

DEBBIE MC HARDY , REALTOR
941.960.6099  |  debbie.mchardy@cbrealty.com

www.debbiemchardy.com

Coldwell Banker Realty
423 St. Armands Circle
Sarasota, FL 34236