Sarasota Real Estate update - March 2022

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Real Estate

  Sarasota Homes for Sale by Debbie McHardy

Hello Friends,

Southwest Florida is no stranger to hot markets for property and the area regularly ranks at the top. 2022 promises more of the same, with Manatee and Sarasota Counties real estate coming to the forefront to dominate the hottest market listings. According to a recent report, this part of Southwest Florida takes the first six places in 2022. 

I’ve noticed a change in buyer profiles in the market over the last year. The area has traditionally been a favorite with retirees, but the demographic has become younger since the pandemic, and over 67% of searches were from a different metro area. It is notable that while all of us know many people that have relocated to the area, it is difficult to think of people who have left. Once people come, they stay.

My bet is home prices will continue on an upward trajectory, but not at the current pace. What we can bank on is that the fundamentals that create the foundation of attractiveness and desirability in the Manatee and Sarasota market will always remain strong. The natural beauty, the lifestyle, the beaches, the arts, restaurants and healthcare all add up to an intrinsic value that the rest of the world has noticed and is willing to pay a premium to make their home. Call me, your Lakewood Ranch neighbor, and let’s talk about your home’s true value in this busy market.

Regards

Debbie McHardy

BOARD MEMBER

MARKET ACTIVITY

Hammock Preserve Sarasota home sold by Debbie McHardy

Zahrada condo Sarasota sold by Debbie McHardy

NOW UNDER CONTRACT

NEW CONSTRUCTION « ZAHRADA 2

1558 4th Street, #402 | Sarasota, FL

SOLD BY DEBBIE! $669,000

Esplanade at Skye Ranch by Debbie McHardy Realtor

ESPLANADE AT SKYE RANCH

Clark Road | Sarasota, FL 34241

New Construction Single Family Homes

CONTACT ME FOR DETAILS!

The Sarasota and Manatee housing market starts off the year with the lowest level of inventory reported in January 2022. There were more new listings than closed sales in the region. While it’s too early to determine whether this is a trend that will continue through 2022, it is a figure that we will be watching closely. As sellers see a continued increase in home prices and interest rates, which eventually will lead toward more supply, they have to decide whether to take advantage of now being the ‘time to sell’ before the market levels off. For the third straight month, median prices have increased month-over-month in the two-county region. Properties continue to sell very quickly in this seller’s market, with the median time from listing date to contract date reported at 7 days for single-family homes and condos. In the two-county market, 100 percent of homes sold at or above the original list price in January. 

NEWS BRIEFS

Record number of visitors

Sarasota Homes for Sale by Debbie McHardy

 

Florida welcomed 30.9 million visitors between October and December 2021, marking the second consecutive quarter that overall visitation has surpassed 2019′s pre-pandemic levels. Overall in 2021, Florida had nearly 118 million domestic visitors, the highest number in state history. Of that 118 million, 1.5 million were overseas travelers—an increase of 43 percent compared to the third quarter of 2021. Colombia was the state’s No. 1 international origin market, with 79,000 visitors. Hotel revenues for the year reached $17.3 billion, the highest ever. 

Bobby Jones Golf Club reimagined

Sarasota Homes for Sale by Debbie McHardy

The Sarasota City Commission voted to permanently protect Bobby Jones Golf Club. A huge win for both people and nature, this monumental conservation victory was made possible because of the community’s continued support, dedication, and commitment to conservation. With an easement in place, this land will never be used for anything other than the enjoyment of golf, recreation, and as natural lands - an exceptional park for all ages to enjoy. Protecting Bobby Jones also ensures it will continue to serve as an environmental engine, holding storm water and cleaning it before it flows into Phillippi Creek, forever.

Sarasota secret gem

Sarasota Homes for Sale by Debbie McHardy

Every area of the country has its hidden gems, its secret treasures only accessible to those who live there. In Sarasota, the treasures are many but perhaps none as secretive as the different species of birds that populate the area. Specifically, the diverse array of native and migratory birds that can be found at the Celery Fields. A recent proposal calls for further creation of the woodland habitat with the goal of fostering biodiversity. Envisioned improvements include extensive plantings, meadows, woodlands, trails, high and low points of terrain along a stream, shaded picnic areas, ADA-compliant walkways, a bird blind/observation platform, facilities, a discovery area for kids.

Bay Runner Trolley begins beach service

Sarasota Bay Trolley, Debbie McHardy Realtor

The Bay Runner trolley offering complimentary service between downtown Sarasota, St. Armands Circle and Lido Beach begins Wednesday, March 2, at 8 am. The free open-air trolley service will operate between downtown and the barrier islands with 12 pre-determined stops approximately 2-3 blocks apart in pedestrian areas along Main Street, St. Armands Circle and Lido Pavilion. The trolley endpoints will be Main Street/School Avenue and Ted Sperling Park at South Lido Beach. The trolley route map is available here. An additional stop will be added near Golden Gate Point when the U.S 41-Gulfstream Avenue roundabout is completed. Hours of operation and headway times for the complimentary service will be: 8 am to midnight, seven days a week, including holidays, 20-minute headway time during peak hours and 30-minute during off-peak hours.  The Sarasota Bay Runner app will track real time information including approximate arrival times and will be available via the Apple App Store, Google Play and www.SarasotaBayRunner.com