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Market Memo View from SRQ

Buying a Second Home in Florida

It’s no secret that buying a second home in Florida is a popular option for a lot of people. So just what are the benefits of buying a second home in the Sunshine State? One of the biggest benefits, of course, is that Florida has no state income tax. That’s a major plus for anyone considering …

Market Memo

Sarasota Housing Market – First Quarter Update

Want to know how the housing market is in Sarasota, Florida? The first quarter of 2021 has been CRAZY. Low inventory and high demand are making a hot sellers market. If you are thinking of selling OR buying, my advice is to do it now. Average sales price has increased nearly 29 percent. Properties are …

Market Memo View from SRQ

Cost of Living in Sarasota vs. Chicago

The cost of living in Sarasota is very affordable, especially compared to large cities like Chicago. Sarasota offers an affordability advantage in sundries, like groceries and gas, but the biggest difference is in taxes, long-term financial advantages, and, of course, how much house you can buy. When you compare what you can get in terms …

Market Memo

Sales Trends on Longboat Key

Longboat Key’s luxury sales trends are getting even stronger with the addition of premium new construction like Sage LBK. More than half of these to-be-built luxury units are already spoken for even though the project just broke ground. It’s a similar story with the nearby St. Regis development. The demand for ultra-luxury is particularly high, …

Featured Properties Market Memo

Under Contract in Under 24 Hours

I’ve written about how hot sales throughout Sarasota are right now and one of my recent listings illustrates the trend perfectly. A great townhome in the Valencia stretch of Rosemary Park, a specific development in the Rosemary District, flew off the market as soon as it was made live. The address on Boulevard of the …

Market Memo

January Sales Report: Five Things to Know

Want to know what’s happening right now in Sarasota’s real estate market? Here are the five essential trends emerging from the SRQ housing data. With high demand and tight inventory, this is a hot seller’s market. Historically low interest rates are creating opportunity for buyers too. Understanding market trends is key to creating advantage when …

Market Memo

A Deep Dive Into the Neighborhood Trend Report

Sarasota’s neighborhoods have distinct personalities and distinct performance metrics. Understanding both the current inventory and the sales history in each neighborhood is critical for pricing strategy if you intend to list, and it’s just as important for buyers. I enjoy keeping my clients up to date on the trends that impact their home’s value… even …