Sarasota Real Estate update, Jan 2021

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Real Estate

Hello friends,

   2020 was a year of surprises, notably with a robust housing market in the middle of a global pandemic.   What is 2021 shaping up to be?  I suspect it could be one of the best breakout years just based on the fact that pending contracts are already at such a high level. Realtor.com predicts a 10.3% growth in sales, and a 6.6% increase in prices this year.  The challenge going forward is we don't have enough supply. The move to boutique cities such as ours is not slowing down and is, in fact, morphing from 'work from home' to 'work from vacation home'.  With so much to do here outdoors, it's no surprise my outlook for the local real estate market is outstanding in all price ranges. 

     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

        December 2020 closed the year with an increase in closed sales and median prices along with lower inventory levels, causing properties to spend less time on the market.  According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), single-family home sales increased year-over-year by 40.2% across the two-county market. With so few homes on the market and a high demand from buyers, homes are flying off the market and the month's supply of inventory continues its downward trend in both counties.  

 

 MY RECENT SALES

 

8110 MIRAMAR WAY #2181 |  LAKEWOOD RANCH, FL 34202

3BR/2.5BA  |  2,187 SF  |  SOLD FOR $340,000

My listing situated on the Legacy Golf course sold in 29 days!

 

2355 ARLINGTON STREET  |  SARASOTA, FL 34239

2BR/2BA  |  948 SF  |  SOLD FOR $286,000

I brought the buyer to this charming home in Arlington Park!

 

 

331 MAGELLAN DRIVE | SARASOTA, FL 34243

3BR/3BA  |  2,441 SF  |  SOLD FOR $730,000

I brought the buyer to this waterfront pool home!

 
 N E W S B R I E F S

 

      Drinks have been poured and the sound of stomping hooves fills the air. A band of horses and their jockeys gallop down the field, as one competitor drives a ball toward the goal. If this scene sounds familiar, you've likely enjoyed an exciting match of polo. This fast-paced yet posh sport is played at the Sarasota Polo Club, located in Lakewood Ranch, at 1 p.m. every Sunday. Bring the family for a tailgate party before the game, and enjoy fun activities during halftime.                                           

      If spending your retirement in a warm and sunny locale sounds good to you-and if you're planning ahead for those days of leisure-you'll be interested to know that Sarasota was just named the best place to retire in America by U.S. News and World Report's 2020-2021 list of "Best Places to Retire in the U.S.".  Looking for your perfect place in the sun?  Call me and let's make your dreams come true.  

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.  I am proud to be a part of this awesome team.

Call me today for your property requirements on 941.960.6099