What happens with a significant build-up of cash accumulation, easy access to borrowing in a rock bottom interest rate environment, and pent-up local and international demand for real estate? Pair that with our attractive location, and a feeding frenzy for properties ensues. The balance of 2021 promises to be a wild ride for the real estate market in Sarasota. Newcomers have poured in from all over. According to 2020 change of address requests from the United States Postal Service, Sarasota, was the No. 2 place in the country that people moved to. Why? The taxes are as nice as the weather, many young workers are relocating now that they have the ability to work remotely, and Sarasota offers a superior quality of life. There is no better moment in time than now to list your property. If you would like to talk about this busy market, contact me anytime.
M A R K E T A C T I V I T Y
The Sarasota and Manatee housing market continues to surpass all pre-pandemic levels in March of 2021. Immense buyer demand continues to drive multiple offers; there simply aren't enough homes for sale to satiate our market. Half of all single-family homes are closing above list price, our sales volume is more than double what we've seen historically in March, and we have fewer than a quarter of the homes we would typically have available to sell. A balanced market reflects six months of available inventory. We currently have three weeks of available inventory - and that number is shrinking every day.
M A R K E T O P P O R T U N I T I E S
513 GIVENS ST, SARASOTA, FL 34242
3BR/2BA 2,600 SF | $1,500,000
Very comfortable Siesta-style living inside and out, by the pool and canal. House painted, new A/C, courtyard in front for entertaining/relaxed vibe. Walk to Siesta Key Village or ride bikes, prime location, canal is quiet with no traffic, boat lift, boat dock, amazing home!
Contact me for a personal tour!
5513 NEW COVINGTON DR, SARASOTA FL 34233
4BR/3BA | 2,596 SF | $650,000
Updated, stunning family home in sought after Ashton School District! This home with upstairs bonus room and private pool is perfect for families! Located on a quiet Cul-de-sac, featuring a brand new roof and hurricane impact windows on second floor and gorgeous, new hurricane front door! Covered, screened lanai with in-ground pool and spa.
Contact me for a personal tour!
6414 42ND ST E, FL 34243
3BR/2BA | 1,696 SF | NOW SOLD!! $350,000
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!
S E L L I N G S T R A T E G I E S
Have you ever seen a magazine spread of a residence and thought, is this place even real? That's what I want to achieve with every property residence photo shoot. Photos so good that when I list your residence the only thing buyers will be left asking is, "Where are my car keys?" This past year, 51% of buyers purchased a home they found online. According to one study done by VHT Studios, the nation's largest real estate photography network for homes and businesses, top-notch photos can make your residence sell 32% faster than a house with low quality or average pictures. Contact me when you are ready to list your property and reap the rewards of a solid and effective marketing plan.
N E W S B R I E F S
At a time when the travel industry is still recovering from costs of the COVID-19 pandemic, the Sarasota-Bradenton International Airport set a new passenger traffic record for the first time in more than 30 years. The airport at University Parkway and U.S. 41 straddling Sarasota and Manatee counties welcomed 277,590 passengers in March, breaking its previous single-month record of 255,247 passengers set in March 1990. With the recent addition of Southwest Airlines, and expanded service on our nine other carriers, travelers now have a multitude of choices when making their travel plans.
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.