T ext 'Oliver Giesser' to 35620 for more information about available properties.

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Featured Properties

OPEN HOUSE SUNDAYS
1:00 TO 4:00 P.M.
TANGERINE BAY CLUB
LONGBOAT KEY
370 B Gulf of Mexico Dr. #424
 Bay views from this luxurious 3BR+Den/2.5BA corner residence at the south end of Longboat Key.
Contact me for all the details!
Offered for $849,000

 


MARKET INSIDER
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 Privateer
Longboat Key, FL
Gulf views from this updated 2BR/2BA, furnished residence.
 Offered for $599,000
Email me for more information.



 
Atrium - Fairway Bay
Longboat Key, FL
Panoramic views of Sarasota Bay from this 2BR+Den/2BA completely updated condominium.
Offered for  $849,000
Email me for more information.

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LEARN MORE ABOUT
COLDWELL BANKER

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COLDWELL BANKER
RESIDENTIAL REAL ESTATE
201 Gulf of Mexico Drive
Suite 1
Longboat Key, FL 34228










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 Sarasota weather




















October, 2016

  One look at the downtown Sarasota skyline and it's clear that all sorts of changes are on the horizon.   
  According to a monthly report from the City of Sarasota, The Greater Sarasota Chamber of Commerce, and the Downtown Improvement District, the following numbers represent projects in the pipeline expected to take place in downtown Sarasota and the Rosemary District in the next several years:

Downtown Real Estate Development in Progress:
    Retail / Restaurant:         346,975+ SF
    Commercial Office:         142,376+ SF
    Rental Apartments:         1,715 units
    Hotel Rooms:                     972 units
    Condos/Townhomes:      1,458 units
    Source: City of Sarasota, May 2016

  This area has earned national attention for the beautiful beaches, easy access to arts and culture, not to mention the weather, culinary scene.... I could go on!  Tourism generates many of the home purchases when visitors fall in love and can't imagine leaving.    The number of tourists visiting Sarasota County increased 3.4 percent between July 2015 and July 2016, according to new statistics released by  Visit Sarasota County, and 97% of those visitors also plan to return.
   With season just around the corner, buyers are looking NOW to purchase.  History has proven this is the absolute BEST time to list your property for sale. Want to know what your home is worth?  Call me!
     

Latest Real Estate Report
   The latest Realtor Association of Sarasota and Manatee reports sales of distressed properties in the two-county area continued to decline in August, down 53.9 percent from the same month last year. Distressed sales in August comprised only 5.8 percent of total sales compared to 12.8 percent last August.
   Closed sales of single family homes and condos combined are up only slightly, 1.8 percent ahead of last August. But a closer look at traditional sales (non-distressed properties) reveals a 9.9 percent increase over the same month last year.
   This is an important fact to note. The sharp decrease in distressed sales has resulted in fewer sales, it is overall a much healthier market than last year because there are fewer distressed properties.
  Pending sales in Manatee and Sarasota showed an improvement from last month. Pending sales are a good indicator of potential future closed sales, and while 2016 doesn't compare with the record breaking year in 2015, the increase, if continued through the end of this year, should bring more closed sales to both counties.
   Median prices continue to rise from 2015 to 2016. The median price of single family homes in Sarasota County shows a 7 percent increase. Manatee had a 1.89 percent increase. However, the median prices for Sarasota County condos decreased 1 percent. Manatee condo median price rose 6.5 percent.
   Read the complete real estate report  here, and  contact me if you have further questions.        


Forbes Magazine Highlights Sarasota as a 'Hidden Travel Gem'
    Sarasota may soon get a wave of new visitors. Forbes Magazine  just released, Monday, an article highlighting Sarasota as a"hidden travel gem". 
   The article explains in detail why Sarasota should be your next travel destination and the editors describe Sarasota as "an underrated town where everyone seems to have a backstory." 
   Of course it boasts the inviting beaches, 40 miles of shoreline and fresh gulf coast cuisine. It also highlights the Ringling campus, Marie Selby Botanical Gardens, St. Armands Circle and various restaurants. 
  Check out the  full article in the 2016 Forbes Travel Guide.


Likelihood of Florida home price declines dropping
  The likelihood of home price declines across the United States over the next two years remains very low - only 4 percent, according to the  Fall 2016 Housing and Mortgage Market Review published by Arch Mortgage Insurance Company.
   While the overall risk is only 4 percent, it's also on the decline. One year ago, the risk was 6 percent; two years ago, it was 13 percent. In Florida, the two-year risk of a housing price decline is only 2 percent.
   Despite the low overall risk of home price declines, however, some areas of the U.S. have decelerating home price growth and remain at heightened risk for home price declines. Those areas are generally the energy-extraction (coal, oil or natural gas) states.
   "Apart from some underlying issues that continue to hold back the housing sector, ranging from weak wage growth to skyrocketing student debt, strong dynamics are now in place that will continue pushing up home prices faster than inflation for the foreseeable future," says Dr. Ralph G. DeFranco, global chief economist, mortgage services at Arch.
   "Positive fundamentals in today's housing market include affordability, job growth, a shortage of housing, rising rents and underpriced or fairly valued housing in most areas of the country. Given these positives for home prices, it isn't surprising that there is a low probability home prices will decrease in two years."
   The report presents the state- and metro-level Arch MI Risk Index. The company bases its risk assessment on recent economic and housing market data.
 
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