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March 2019
Happy St. Patrick's Day!
After a less than vibrant December and January, the sales reports for February have clearly shown an uptick in sales for our area. But it is important to note that new home construction inventory, when located near resales have definitely had an impact on pricing.

From a Florida Realtors report:

  • If you're hunting for a house this spring, say goodbye to frenzied bidding wars. And if you're selling, get ready for good, old-fashioned negotiations.
  • While real estate brokers aren't declaring a buyer's market just yet, demand has definitely cooled since last summer and the upper hand sellers once enjoyed largely has disappeared.
  • Escalating prices and higher interest rates convinced buyers to step to the sidelines in the fall, slowing the once-runaway market.
  • As 2019's buying season gets underway, several factors are now in the buyer's corner: moderating mortgage rates compared with just months ago and more homes for sale, easing competition.

Here's how I can help: If you have looked up your home's "Zestimate" and been less than delighted, there are two things that can be done to bring your home up to current market value. You can claim your home on Zillow and add any improvements with $$ spent or you can send me a list of those improvements with an approximate cost and I will add to the Realtors Property Resource. Once entered, this information will stay with your property and will provide the most accurate valuation outside of a licensed appraiser.

Any questions, please call me at 941-350-2833.

P.S., Congratulations to Pat Leblanc and Renee and Scott Lewis! Welcome to Sarasota!

News & Updates
Here are a few recent real estate articles that I found interesting and informative that I wanted to share with you:

My Listings
Please see my featured listings:

  • Coming soon: 7839 Ontario St. Circle, Sarasota
Upcoming Events
Sarasota & Manatee Counties
21st Annual Sarasota Film Festival
April 5-14

Howard's 'Did You Know'
In southern California there is a shallow saline lake on the San Andreas fault known as the Salton Sea.
Once one of the world's largest inland seas and lowest spots on earth at 227 feet below sea level, Salton Sea was created in 1905 when high spring flooding from the Colorado river crashed the canal gates leading into the developing Imperial Valley. For the next 18 months, the entire volume of the Colorado River rushed downward into the Salton trough. By the time engineers were able to stop the breaching water in 1907, the Salton Sea had been formed at 45 miles long and 20 miles wide. 
Once known as a great recreational area, the Salton Sea is dying. Water flow to the Salton Sea has decreased in large part due to the water being diverted for agriculture and drinking water for large cities in California. The salinity has increased to the point that all the fish are dying and the birds that would stop during their migration south are gone.
P.S. At one time the surface area of the Salton Sea used to cover 343 square miles; sadly the Salton Sea is no longer a recreational destination.