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Sarasota Magazine

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real estate report

From Surge to Slowdown, Sarasota-Manatee Housing Market Faces Shifting Tides

Closed sales drop, inventory rises and time-to-sale stretches as the real estate market responds to economic pressures and storm recovery.

11/22/2024 By Kim Doleatto

Q & A

Three Local Realtors Share Their Thoughts on Sarasota's Post-Hurricane Residential Real Estate Market

Debi Reynolds, Terrence Cook and Tony Barrett discuss the effects of an unprecedented hurricane season on the local market, which was already experiencing a shift.

11/19/2024 By Kim Doleatto

Sneak Peek

Inside Aster & Links, Downtown Sarasota's Newest Luxury Rental Development

Two 10-story buildings bring 420 units to the market, plus 50,000 square feet of retail space. Let's take a look inside.

11/15/2024 By Kim Doleatto

Engle-Would

New Residential Construction Is Breaking Ground in Englewood

PulteGroup is launching The Shores at Stillwater, a 256-unit residential development with prices starting in the mid-$300,000s. In this post-hurricane world, there could be increased demand for new construction.

11/08/2024 By Kim Doleatto

Big Deal

Sarasota County's Purchase of Albritton Fruit Farms Is Final

The property will provide soil for covering waste at the county landfill located just south of the farm and "will not be used as a landfill," according to a county spokesperson.

10/29/2024 By Kim Doleatto

Market Report

New Real Estate Data Shows More Inventory, Longer Time to Sale

It’s still too early to see the effects Hurricanes Helene and Milton had on our real estate market—but no matter what, there's a trend toward a cooldown from the past few frenzied years.

10/25/2024 By Kim Doleatto

The Latest

The Local Real Estate Market Is Seeing a Summer Slowdown

It's common to see declines in the summer as snowbirds leave and local tourism slows, but there are bigger forces at work, too.

09/20/2024 By Kim Doleatto

Wellen up

A New Community Is Headed to Wellen Park in South Sarasota County

Esplanade at Wellen Park is set to bring 877 new units to the market starting in early 2026.

09/19/2024 By Kim Doleatto

Second Gen School

A Thoughtfully Updated Oyster Bay Home Built in the Spirit of the Sarasota School Hits the Market

The Quail Drive home has a unique blend of history and modernity. It's on the market for $2,295,000.

09/09/2024 By Kim Doleatto

Green Light

Investors Have Purchased the Lime Arts Building. Good News: Nothing Is Changing.

A respectful restoration by developer Howard Davis made this iconic teal-colored building a beloved destination for creatives. Its new owners agree.

08/28/2024 By Kim Doleatto

Market Report

The Local Real Estate Market Is Seeing Pre-Pandemic Inventory Supply and Softening Prices

The latest data shows the area’s highest inventory levels since 2019.

08/23/2024 By Kim Doleatto

Net Win

The New Bath + Racquet Is Partnering With Tennis Pro Tommy Haas

Haas is a former world No. 2 player and the owner of 15 ATP titles. He's bringing his expertise to the new Bath + Racquet Residences & Club, set to be completed in 2026.

08/19/2024 By Kim Doleatto

Affordable Housing

In the Wake of Florida's Arts Funding Cuts, Florida Studio Theatre Receives Workforce Housing Grant for Its New Arts Plaza

Ron DeSantis cut $32 million in funding from Florida's arts budget—but a $1 million grant for affordable housing made it through for Florida Studio Theatre. That means the organization is on track to break ground on a new $57 million project next year.

07/10/2024 By Kim Doleatto

Market Report

The Luxury Real Estate Market Is on Fire, but the Condo and Townhome Sector Is Soggy

Following record-breaking cash sales, the median single-family home sale price rose by 3.9 percent, to $530,000, in Sarasota County, but the condo market in both counties experienced declines.

06/24/2024 By Kim Doleatto

Condo Crown

This Sky-High Downtown Sarasota Condo Sold for a Record-Breaking $11.35 Million Cash

Sure, it's a buyer's market when it comes to condos—but not when they look like this.

06/17/2024 By Kim Doleatto

New Community

SeaFlower, a Massive Retail, Residential and Commercial Development, Is Headed to Bradenton

The mixed-use project will include 4,000 residential units, a hotel, a grocer, retail space and more on the site of a former gladioli farm.

06/07/2024 By Kim Doleatto

End of an Era

Albritton Fruit Farms Will Likely Be Sold to Sarasota County Later This Year

The county expects to purchase the 341-acre, sixth-generation family farm for $19 million. Sarah Albritton says she and her husband hope to restart their beloved you-pick operation elsewhere.

06/04/2024 By Kim Doleatto

Real Estate Report

There's More Inventory These Days, but Home Prices Are Still in the Mid-$500,000s

"It’s a great time for both sides because prices are still high, which is good for sellers, and buyers can be more selective because they have more options and time,” says Mara Daniel, a local realty broker.

05/23/2024 By Kim Doleatto

Workforce housing

A Prime Piece of Downtown Real Estate Has Been Earmarked for Workforce Housing

A partnership between Michael Saunders and Mark Vengroff will see 48 workforce housing units rise near Payne Park. Roughly 20 will be earmarked for law enforcement workers.

05/10/2024 By Kim Doleatto

Real Estate Report

The Local Condo Market Currently Favors Buyers

But single-family home prices are holding steady.

04/23/2024 By Kim Doleatto

At Sarasota Magazine, we celebrate Sarasota’s vibrant culture, rich history, and bright future with award-winning, high-quality content that captures the spirit of our community.

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