Sarasota Real Estate news, October 2021

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Real Estate

Debbie McHardy Realtor

Hello Friends,

Fueled by this demand for the Florida Lifestyle, there has been a surge of builders and developers bringing new homes and condominiums to the market. New construction is an attractive choice, designed for the modern lifestyle, featuring the latest innovations and gadgets. If you are interested in buying new construction, the builder’s agent will be ready to help you with the process. But make no mistake: the real estate representative in the builder’s sales office represents the builder’s best interest, not yours. That’s why it is essential to have an experienced Realtor on your side when considering any new build project. If you are considering exploring a new build project, please contact me to discuss all your current options.

Debbie McHardy

 
MARKET OPPORTUNITIES

Debbie McHardy Realtor

PRIME WATERFRONT LOCATION!

Sarasota Harbor East is a 55+ maintenance-free boating community. Historically considered by many to be the best location for bay front condominiums. This amazing 2 bedroom, 2 bath unit is on the 3rd floor and is an end unit.

Asking $499,000

 

Debbie McHardy Realtor

 TURNKEY FURNISHED and move-in ready 2BR/2BA end unit with an enclosed lanai.

Two assigned parking spaces, one covered. Centrally located and just minutes to Downtown Sarasota.

Asking $249,000

 

NEWS BRIEFS


Market Report

Debbie McHardy Realtor

 

The single-family home price in Sarasota was $400,000 in July, a 22.2% increase from last year. In the condo market, Sarasota condos reported a 31.3% increase. The incredible price increases we've seen are forecast to subside, but not recede, over the next year. Those who want to purchase in the next few years are wise to purchase now; there is no imminent correction coming. The inventory of all property types in the two counties decreased year-over-year by 65.7%. Interest rates are still playing a big role in the home-buying ‘frenzy’ here, as well as the desire to live and invest in Sarasota and Manatee counties.

 

New Lido Beach Development

Debbie McHardy Realtor

 

A new luxury condominium project is moving forward on Lido Beach, under development by a Naples-based company, and now, with the involvement of an international hotel chain as well. The Naples-based The Ronto Group and Wheellock Street

Capital have partnered with Rosewood Hotels & Resorts to build Rosewood Residences Lido Key at 930 and 1008 Benjamin Franklin Drive. In the announcement of The Rosewood Hotel Group’s involvement in the Lido Key condo, the developers said they plan to build 65 units in the project. The average unit for sale in the condominium will be

4,200 square feet and “showcase state of the art finishes and features.”

Pricing not yet available

 

Sarasota MOD Weekend

Debbie McHardy Realtor

 

Architecture Sarasota recently announced the schedule for Sarasota MOD Weekend, November 12-14, which will honor Philip Hanson Hiss, the primary catalyst of the modern architecture movement in Sarasota. The three-day event will celebrate Hiss’s forward-thinking ideas and how they gave rise to the origins of the Sarasota School of Architecture (SSA). Philip Hiss was the pioneering developer behind Lido Shores, where he used knowledge of life in the global tropics to lead a group of emerging architects to create innovative designs well suited to this environment. Ticket sales to the general public begin Monday, September 27, and advance tickets sales to Members begin Monday, September 20. For a detailed schedule and programming visit sarasotaMOD.org.

Snowbirds Are Heading to Florida

Debbie McHardy Realtor

 

The U.S./Canada border remains closed to non-essential travel, but Canadians are coming anyway. Many say they will fly down if they can't drive their car across the border, and several plans to have their cars shipped from Canada for the season. Wallace Weylie, legal counsel for the Canadian Snowbird Association said there seems to be a lot of pent-up demand from regular snowbirds to return to a warmer climate. "We did a survey in the summer before cases went up, and at that point, the expectation was over 90% of snowbirds would return," Fine said. "We don't think at this point we’re going to hit 90-plus, that would be almost pre-pandemic levels. So it'll probably be somewhere between last year and that — probably 50-60%."