August 2013

There are 18 blog entries for August 2013.

 

In addition to its daily nonstop flight to and from Sarasota-Bradenton International Airport (SRQ) and Chicago's O'Hare International Airport (ORD), United Airlines recently announced a second daily flight during the holiday season (December 19, 2013 through January 6, 2014).

United's current one-nonstop daily flight amounts to more than $62 million in annual economic impact, according to the Sarasota Herald-Tribune.

Here are the airlines offering year round daily nonstop service from SRQ:

  • Delta to Atlanta (ATL) and New York (LGA)
  • JetBlue to Boston (BOS), New York (JFK & LGA)
  • US Airways to Charlotte (CLT) and Washington, DC (DCA)

During Winter/Spring, Air Canada offers nonstop daily service to Toronto (YYZ) and Delta offers

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The Sarasota Association of Realtors® announced another installment in the selling streak that promises to make 2013 a record year in local real estate history. So far this year, Sarasota & Her Islands are seeing a strong recovery after languishing in the doldrums of the Great Recession. Members of the Association closed 911 sales during July 2013, which amounted a 30.3 percent increase as compared to July 2012. The July results were 3.2 percent better than for June 2013. Also, the median price for single family homes rose 7.2 percent from June 2013 to July 2013. Single family home prices have risen 16 percent over the past 12 months.

Inventory continues at very low levels with only 3.1 months of single family homes (SFH) and 4.6 months of condos

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Start looking for your property tax notice to show up in your mailbox any day now. Both Sarasota and Manatee counties have mailed the notice to comply with the state. Truth in Millage (TRIM), which requires disclosure of tax rates proposed by authorities.

Property values generally rose in both counties and government budgets apply the windfall to increase spending. Public hearing on the budget proposals begin in September.

Property values increased 4.8 percent in Sarasota this year, according to the Sarasota Herald-Tribune, and 4.2 percent in Sarasota County. The rates went up 9.3 percent in Anna Maria, 6.9 percent in Holmes Beach, 6.7 percent in North Port and 3.9 percent in Manatee County.

 

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For up-to-date Real Estate Market Statistics for Sarasota County click here.

These statistics offer a clear-eyed view of exactly what's happened in the Sarasota County real estate market during the past 12 months. Community stats appear on the page for each neighborhood.

Note that these four charts are updated frequently and automatically from Multiple Listing Service (MLS) feeds. For the date of the most recent update, please see the line below each chart.

  • The Market Activity chart tracks inventory trends;
  • The Pricing chart tracks median and average sale price changes;
  • The Days On Market chart tracks length of time between listing and sale;
  • The Sold Price to List Price Ratio chart compares aggregate original list price to sold
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In 2007, developers leveled Sarasota Quay (Photo below) to make way for condos, retail and hotel space on the 15-acre gateway property. Today the grassy waterfront parcel Photo at left) at the intersection of Tamiami Trail (US 41) and Fruitville Road (SR 780) fills the space between the Ritz-Carlton Sarasota and the Hyatt Regency Sarasota.

Now the Irish government has cleared the legal hurdles to repossess the vacant bayfront property and established its new ownership as National Asset Sarasota, LLC. The intial asking price will be $40 million, according to the Sarasota Herald-Tribune.

Given the post-recession resurgence in Southwest Florida, the time seems right for development of this desirable downtown location.

Please contact me for more

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Photo Credit: Kadri Tali

In a bid to engage young adults, six of Sarasota's cultural institutions created a way for 21-40 year olds to enjoy the local art scene at a big discount by joining the Sarasota Culture Collective.

The $99 annual membership includes two tickets* to Asolo Repertory Theatre, FSU/Asolo Conservatory, Sarasota Ballet, Sarasota Orchestra, Sarasota Opera, The Ringling*** and the Arts & Culture Alliance. Sarasota! Sarasota Culture Collective members receive:

• FREE admission to exclusive Culture Collective events
• FREE 1-year membership to the Arts and Cultural Alliance and 2 Tickets to the Annual Awards Ceremony at the Van Wezel Performing Arts Hall
• FREE admission to The Ringling Underground events
• FREE subscription…
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WWE Wedding on Siesta KeySiesta Key's best beach offered the perfect setting for the made-for-E! Total Divas wedding starring WWE performers Natalya and Tyson Kidd. Although rumor tells that the couple actually married a few months before their soon-to-be-broadcast Siesta Key nuptials, Sarasotans feel happy to go along with the attention that the celebrity couple brings to our shores.

The glam wedding in our neck of the beaches happened Wednesday, June 26, 2013, at a private Siesta Key beach home. A reception followed at Michael's On East, a favorite special events venue. Natalya purchased her Allure Bridals gown from Something Blue Bridal Boutique in nearby Bradenton. Watch Total Divas at 10pm Sunday, August 18, 2013 on E! for the first of multiple episodes featuring

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When the Sarasota Herald-Tribune, the newspaper of record for our community, reared its paywall on August 13, 2013, clients asked me for directions to local online news. Here are a couple of alternatives:

  • The Observer Newspaper Group offers hyper local news coverage and often scoops the Sarasota Herald-Tribune on real estate news. Go to YourObserver.com and let us know what you think by adding your comments. Readers love the "Cops Corner" feature! Black Tie doubles as a face book to help identify new acquaintances. Print copies are available on local news racks.
  • The Sarasota News Leader, available online only, shows rapid growth as the go-to source for in-depth reporting on local government action and the major issues affecting Sarasota County.
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