News

Found 30 blog entries about News.

 

In Sarasota and the USA in general, we see that houses are selling faster. This lively pace feels especially welcome locally. After all, we expect the summer slowdown and, by August, businesses await the return of our Snowbirds.

Contrariwise, this summer the housing market is roaring back in Sarasota & Her Islands well before High Season.

New data from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released on August 23, 2013 showed strong results for non-distressed properties in July. This property category registers as the biggest and fastest growing segment of the 2013 housing market.

Let’s look at three key barometers that show a healthy housing market:

  • Time on Market fell to a three-and-a-half year low of 8.6
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The Ringling offers an opportunity to hear and see Tim Seibert recount his memories of life in the creative world of the Sarasota School of Architects. Maureen Zaremba, curator of educational programs, will interview Seibert on stage at the Historic Asolo Theater at 10:30am Tuesday, August 27, 2013. Museum Members and Sarasota Architectural Foundation (SAF) members admitted Free, General Public/Free with Museum admission, all others $5. Since The Ringling event is ticketed, I recommend calling 941.360.7399 for reservations. Afterward attend a book-signing reception. There are a few places available for the SAF-sponsored luncheon with Seibert at Treviso Restaurant (Advance online payment only: $25 per person).

Born in Seattle, Edward J. “Tim” Seibert

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Three companies — two in Sarasota, and one in Bradenton —made the 2013 Inc. 500 list. This prestigious annual ranking by Inc. Magazine publicizes the fastest-growing U.S. companies based on revenue growth for the past three years, from 2009 to 2012.

At No. 19, Integrity Funding, a Sarasota company, topped the list showing 10,462% growth and $11.1 million in 2012 revenues.

Celebrity Auto Group, Sarasota, came in at No. 66 with 4,745% growth and $16.2 million in 2012 revenues and It Works! Global, Bradenton, ranked No. 436 with 1,047% growth to $200 million in 2012 revenues.

Five additional Sarasota-based companies achieved the Inc. 5000 list: Roofing by Curry; Grand Incentives; Mister Sparky; Koala Tee; and PPI Technologies Global.

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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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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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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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Thursday, April 21, 2011 at 7:15 by Harold Bubil  

An 11,000-square-foot mansion in Regent Court sold late this afternoon for $12.5 million. 

This represents a record for a home on a single residential parcel in Longboat Key history, according to Coldwell Banker Residential Real Estate, and it is among the top three sales in county history, according to a Herald-Tribune search of the county property appraiser’s website.

Coldwell Banker’s Louis Wery brought in the buyer, who is from Europe and whose name was not revealed. Eva and Siegfried Schulte were the sellers, who had the house listed at $17.5 million through Developers Realty’s Reid Murphy. 

Built in 2002, the house has four bedrooms and six full baths and two half baths in

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