30 People Hunker Down For Hurricane Irma In A Newly Built Murray Home
As we roll into “Florida Autumn” and breathe a huge sigh of relief that Sarasota came out relatively unscathed by the recent storms, we can now get back to a robust real estate market, where inventory, particularly in the most popular areas of town, remains low. Last month’s real estate statistics show continued price gains and plenty of opportunities to sell as we move closer to our busy winter season. If you are thinking of selling, now is the time to assess how much your home is worth and what items need to be taken care of before it can be put on the market. The first step is to know what has been selling in your neighborhood. The team at Murray Realty is geared up to advise you on the best price point, presentation and market positioning for you home so why not give us a call?
30 People and 6 Mutts hunker down for Hurricane Irma in a newly built Murray Home
The Murray family moved to the aptly named Intrepid, built by our sister company Murray Homes, during IRMA. Here we are leaving our lovely, older Florida home at Indian Beach and settling in. We are happy to say that we have returned home with only debris to clear and no damage! See where we stayed during IRMA at our featured listing, Intrepid II, below.
Featured Listing - The Intrepid II
Just unveiled! Check out our newest offering, The Intrepid, by Murray Homes, the ultimate living experience for the discerning buyer at the in Lakewood Ranch!
For more details and to arrange a private viewing, contact Bev Murray.
Facts and Stats
Sarasota County Monthly
Market Summary - August 2017
The month of August showed strong sales numbers for Sarasota county compared to the same month last year - sales of single family homes increased 9.2 percent, and condos increased 4.4 percent. For the first 8 months of 2017, the number of closed transactions has tracked marginally higher than 2016. Inventory and median prices remain on trend with slow and steady increases. It is unclear at this point how Hurricane Irma affected pending sales, as some closings will have been delayed by re-inspections required by lenders and waiting for a lift of the disaster designation.
| Single Family Homes | Aug 2017 | Aug 2016 | Percentange Year Of Year |
|---|---|---|---|
| Closed Sales | 725 | 664 | 9.2% |
| Paid in cash | 263 | 256 | -2.7% |
| Median sales price | $258,000 | $254,250 | 1.5% |
| Average sale price | $363,729 | $361,550 | 0.6% |
| Dollar volume | $263.7 million | $240.1 million | 9.8% |
| Median % of original listing price received | 94.7% | 95.3% | -0.6% |
| Median time to contract | 50 days | 41 days | 22.0% |
| Median time to sale | 92 days | 96 days | -4% |
| New pending sales | 714 | 698 | 2.3% |
| New listings | 768 | 781 | -1.7% |
| Pending inventory | 951 | 1,012 | -6% |
| Inventory (active listings) | 2,515 | 2,447 | 2.8% |
| Months supply of inventory | 3.8 | 3.7 | 2.7% |
| Townhomes & Condos | Aug 2017 | Aug 2016 | Percentange Year Of Year |
|---|---|---|---|
| Closed Sales | 286 | 274 | 4.4% |
| Paid in cash | 157 | 170 | -7.6% |
| Median sales price | $213,500 | $217,750 | -2.0% |
| Average sale price | $308,389 | $330,379 | -6.7% |
| Dollar volume | 88.2 million | $90.5 million | -2.6% |
| Median % of original listing price received | 93.9 | 94.3 | -0.4% |
| Median time to contract | 77 days | 61 days | 26.2% |
| Median time to sale | 119 days | 111 days | 7.2% |
| New pending sales | 307 | 296 | 3.7% |
| New listings | 333 | 366 | -9.0% |
| Pending inventory | 487 | 474 | 2.7% |
| Inventory (active listings) | 1,356 | 1,401 | -3.2% |
| Months supply of inventory | 4.3 | 4.7 | -8.5% |
SOLD by Murray Realty
New Developments to Watch!
Hunters Pointe Resort & Marina
We are excitedly awaiting planning and launch news for this new project Hunter’s Pointe is conveniently located next to old Cortez Village and next to the bridge to Anna Maria, Holmes Beach and Bradenton Beach. Plans for this recreationally focused property show 148 uniquely designed cracker style cottages and 49 boat slips, in an environmentally friendly and energy efficient community. To keep up with the latest on Hunter’s Pointe, contact Bev Murray.
Sarasota Eagerly Awaits the World Rowing Championships this Weekend!
The World Rowing Championships are coming to Sarasota’s Nathan Benderson Park Sept. 23 through Oct. 1, with 40,000 attendees and 1,700 elite world-class athletes from more than 60 countries competing. Sarasota is home to the Sarasota County Rowing Club, the Sarasota Scullers, the oldest organized youth rowing club in town, and Sarasota Crew. This is a huge event for our home town, as we launch ourselves onto the international stage, adding to our ever-growing reputation as an amazing place to live, work and play!
For tickets and information, go to wrch2017.com/tickets
The best decision we made when deciding to sell our home was to appoint Bev as our Listing Agent. She explained the whole sales process to us 'rookies' with clarity and simplicity, she took away much of the stress of selling with her kind, patient, honest and understanding nature. She actually made it fun and enjoyable!
Bev also proved to be a consummate professional with a forensic attention to detail, coupled with superb communication skills and an insightful knowledge of the market. Hardly surprising then that Bev had us a signed contract only 37 days after listing!
Fantastic Bev, thank you, you're a star!"
Jim & Kate
The exclusive, boutique team at Murray Realty are the Sarasota waterfront specialists. We know our niche and we serve our clients incredibly well. Boutique means "Concierge" - we literally take care of everything for you, with the
minimum of fuss and hassle.