AUGUST 2024 MARKET REPORT

Summer sun and summer storms are in full force here and at this time of year it feels like the real estate market is on summer break too. Now that the pandemic is behind us, we have returned to our typical seasonality - quieter summers and busy winters. The remainder of the country is now following Florida's lead as we continue the transition from a sellers to a buyers market.

This means higher inventory, greater choice for buyers, and increased competition for sellers. This is not a reason to panic. It is the readjustment of a market that has been overheated for a while now. Most economists agree that we will start to see more movement in the market in the last part of the year and interest rates are expected to come down, which will help affordability for buyers. As always, the key to success if you are buying or selling is working with a seasoned real estate professional to help navigate the process. If you have questions, get in touch!

In this edition of Get Real, I talk about the most significant changes and influences that she has seen in the Sarasota real estate market for 2024 vs 2023. CLICK HERE TO WATCH VIDEO

LUXURY LISTING FEATURED IN PRESTIGE MAGAZINE

My Manatee River estate listing is featured on the front cover of the summer edition of Berkshire Hathaway HomeServices Prestige Magazine.

Curated for a global audience, Prestige Magazine is a premier guide to luxury lifestyle pursuits, trending topics, and spectacular properties from across the globe and is distributed throughout 11 countries and can be found in luxury hotels, airport lounges, private jets, etc.

FOR SALE - $3,995,000 1523 BAYSHORE ROAD, NOKOMIS FL 5 BED | 4BATH | 4,616 SQFT | MLS# A4597840

This custom-built home is located on a wide, one-acre parcel, offering privacy, space, and over 130 linear feet of private water frontage on a wide stretch of the intracoastal waterway. The home has wonderful curb appeal and is set back from the street with a circular driveway and a brick pathway flanked by a well-stocked koi pond. MORE DETAILS

FOR SALE - $335,000 7860 PALM AIRE LN, UNIT #106, SARASOTA FL 3 BED | 2 BATH | 1,444 SQFT | MLS# A4611221

Sought-after 3-bedroom first floor end unit overlooking with west-facing water and golf course views! Nicely laid out floor plan with third bedroom/den option. Open plan living/dining area with sliders to a screened lanai from which to enjoy sunset skies and expansive views across the golf course. MORE DETAILS

FOR SALE - $579,000 24A SANDY COVE RD, UNIT# 6D, SARASOTA FL 1 BED | 1 BATH | 561 SQFT | MLS #A4608466

This freshly updated turnkey furnished 1 bed + loft pet-friendly condo is ready for its new owner! The unit has a loft with a queen-sized bed, a wood-burning fireplace, a main bedroom with a separate mini split ac unit, and ensuite bathroom with shower. Plenty of natural light and a large balcony overlooking the spring-fed lake. MORE DETAILS

FOR SALE - $549,000 1223 MILL CREEK RD, BRADENTON FL 3 BED | 1 BATH | 960 SQFT | MLS# A4610296

A rare opportunity to live on a beautiful 2.1 acre parcel of land tucked away from it all in a quiet area of Mill Creek. Located on a quiet dead-end street within 10 minutes of everyday amenities, you have plenty of options to live as-is, or build from scratch. This elevated home has an open plan living area which opens up onto a large wooden wraparound balcony.MORE DETAILS

FOR SALE - $685,000 44XXS SHADE AVENUE, SARASOTA FL 0.4 ACRES | MLS# A4556619

Build your dream home on Phillippi Creek! Stunning 0.4 acre of secluded prime "Old Florida" property on the coveted west bank of Phillippi Creek, close to town. This 17,400 sq ft lot boasts just over 100’ of waterfront on a wide section of the waterway. Bring your builder and your dreams, there is plenty of room on this beautiful parcel! MORE DETAILS

SOLD - $2,300,000 5151 SUN CIRCLE, SARASOTA FL 4 BED| 6.5 BATH | 3,376 SQFT| MLS #A4601101

Nestled in the prestigious West of the Trail area, this waterfront estate home offers a prime location on Ringling Cove, with protected water and stunning views of Sarasota Bay. This grand three-story home boasts four bedrooms and five and a half bathrooms, with each bedroom featuring an en suite bathroom and a private balcony overlooking the water.

SOLD - $1,400,000 1055 GULF OF MEXICO DR #301, LONGBOATKEY FL 2 BED | 2 BATH | 1,172 SQFT | MLS# A4603345

Turnkey furnished and expertly renovated premium 3rd floor, 2 bed, 2 full bath corner unit located directly on Longboat Key Beach. Offering world-class spectacular and unobstructed Gulf and beach views from its desirable southwest corner vantage point, this sought after unit has undergone a full scale renovation in 2023.

SOLD - $899,000 2134 BROOKHAVEN DR, SARASOTA FL 3 BED | 2 BATH | 1,621 SQFT | MLS #A4610155

Exquisitely reimagined and renovated over the last 2 years with best of class finishes, this 3 bedroom/2 bath pool home is available in the coveted, ultra-convenient Forest Lakes Country Club Estates neighborhood. Situated on a large corner lot, this home is close to all that Sarasota offers - beaches, downtown, restaurants, schools, shopping, and museums.

WHY GETTING YOUR ASKING PRICE RIGHTIS CRITICAL IN SARASOTA’S CURRENT MARKET

MURRAYS’ DAYOUTIN LONDON

BERKSHIRE HATHAWAYHOME SERVICES

Berkshire Hathaway HomeServices is the only global real estate brokerage franchise focused on building a personally connected future through relationship-driven business, best-in-class leadership, mentorships, and business tools. We have a worldwide network of approximately 50,000 real estate professionals, and more than 1,500 offices across 4 continents and 13 countries including the U.S., Canada, Mexico, Europe, and the Middle East.