JULY 2022 MARKET REPORT
The hike in interest rates is causing some buyers to hold off on purchasing a new home. However, it’s important to remember that a home is usually a long-term purchase and that interest rates are by nature temporary and fluctuating. Buying today will enable you to get started on your investment and at some point you will likely be able to refinance at more favorable rates, capitalizing on increased equity over time. The good news is that the feeding frenzy of recent months has subsided to more manageable levels and there are more properties on the market to choose from. One other concern that some buyers express is that they will be buying at the height of the market and that their asset will be worth less in 6-12 months. None of us has a crystal ball, however, there is very little to indicate that the local real estate market is going to take a dive any time soon. Our beautiful city is now firmly on the map, and there is still so much pent-up demand and many different reasons why people will continue to move here from all over the United States. Home values for Sarasota and the surrounding areas are also now more in line with other popular markets such as Naples and the east coast of Florida. The market appears to have peaked, but it is still very much a seller’s market.
*Infographics show data for Sarasota County. Percentage change year over year. · Source - REALTOR® Association of Sarasota and Manatee (RASM)
SRQ MARKET BLOG
WHERE ARE WE HEADED?
Wondering where the Sarasota real estate market is headed? The majority of national experts agree we are not in a housing bubble, because home price growth is backed by strong housing market fundamentals and lending standards. If you have questions, let’s connect to discuss today’s market! READ MY BLOG
SRQ JUST LISTED
301 RAVENNA ST. N. I NOKOMIS
Enjoy gorgeous sunsets and the serenity of real Florida from this beautifully remodelled 2 bed home on a 1 acre parcel with 148’ open water views. Home comes with plans for a 2 bedroom guesthouse or office with 3 car garage. Close to Sarasota Memorial’s Venice campus, this gem is 6 minutes drive to Venice, 5 minutes to the beach and 20 minutes by boat to the Gulf. Won't last! FIND OUT MORE
Featured NEW DEVELOPMENT
ROSEWOOD RESIDENCES I LIDO KEY
Developed by Ronto Group, the Rosewood Residences offer 65 residences resting on 3.5 acres along Lido Key's expansive sugar-sand beach, on Florida's Gulf coast. Walking distance from shopping and dining at St Armands Circle, Rosewood combines the pinnacle of luxury living with an exceptionally modern design. Every residence will boast a wide range of leading-edge features and the community will offer a host of concierge services to those fortunate enough to call Rosewood home. Pre-construction pricing from $5M to $14M. FIND OUT MORE
ABOUT BEV MURRAY
Bev Murray has worked as a highly successful realtor in Sarasota since 1999. Specializing in residential, vacant land purchasing and development sales, she was ranked for 2021 in the top ½ of 1 percent of over 50,000 Berkshire Hathaway HomeServices agents nationwide. Contact Bev today to assist with your next home sale or purchase. 941 724 4995 or bev@murraygroupusa.com
“I believe that success in real estate is not simply a case of matching people to houses. To get the best possible outcome for buyers and sellers, the process must be clearly defined and executed from the outset. This means listening to and identifying every client's motivations and needs, working closely to achieve their goals, implementing a cohesive marketing plan, and negotiating sales contracts successfully.”
KUDOS
“Bev Murray is truly a professional in every sense of the word. She is knowledgeable, conscientious, very experienced, and a pleasure to work with. As out of town buyers she made the whole process very easy for us.”
- Doctor Mike and Lynne Lipson