Hello Friends,

It’s the beginning of February and here in Sarasota there’s nothing but blue skies, warm temperatures, and it’s our happy season! This year started off just as hot as the previous two years with the lowest inventory numbers on record, and home value continues to increase. Our housing market has been on a meteoric rise in value and potential profitability – similar to the overall projectory of Sarasota. We are having our moment.

This season is shaping up to be one for the record book, and as inflation begins to drop, consumers can expect mortgage rates to soon follow. I don’t have a crystal ball but although there may be a slow down or two in our overall activity, long term the quality of life in Sarasota only gets better and better.

If you, or someone you know, are considering the purchase or sale of Sarasota real estate, please contact me, and thank you for your referrals.

Debbie McHardy

PRESIDENT ELECT – 2023

JUST LISTED

GREENBROOK VILLAGE – LAKEWOOD RANCH

13927 Wood Duck Circle * Lakewood Ranch, FL 34202

3BR/3BA | 2,410SF | $740,000

Welcome to this beautiful home in the highly sought-after Greenbrook Village in Lakewood Ranch. The home has a great split floor plan with views of the lake from both the Master bedroom and the Den/4th bedroom. It is a light & bright home with vaulted ceilings and wooden floors, the square pillars add a really nice feature, along with decorative niches & built-ins. Upgraded kitchen cabinetry & brand new dishwasher and microwave enhance the open plan kitchen. There is plenty of outdoor space with an enclosed lanai and pool, which includes a waterfall. The 3 car garage provides ample parking and storage. The low HOA’s, walking trails and Adventure park, plus A -rated schools within close proximity, make this a very attractive home. New roof in 2017 and new A/C in 2018. Contact me for a private tour – (941) 960-6099.

CLICK HERE FOR FULL DETAILS

LISTED BY DEBBIE

11518 Golden Bay Place | Bradenton FL

PENDING SALE $824,500

 NEW CONSTRUCTION

83 Grand Oaks | Parrish, FL

SOLD BY DEBBIE

MARKET REPORT

In December of 2022, the combined closed sales of all property types in Sarasota and Manatee counties decreased year-over-year by 34%. December did, however, report a year-over-year rise in prices with single-family homes reaching a median price of $505,500 in Sarasota and $507,000 in Manatee County, an increase of 16 percent and 10.2 percent respectively. Condo prices increased by 8.3% t to $390,000 in Sarasota County and increased by 13.7% to $344,475 in Manatee County. The month’s supply of inventory in December was 3 months for single-family homes in Manatee County, a 400% increase and the largest year-over-year increase this year. In Sarasota County, there was a 2.5-month supply for single-family homes, a 316.7% increase. Condos in Sarasota increased by 266.7% to 2.2 months.

REMINDER! FILE FOR YOUR FLORIDA HOMESTEAD EXEMPTION

In the state of Florida, a $25,000 exemption is applied to the first $50,000 of your property’s assessed value if your property is your permanent residence and you owned the property on January 1 of the tax year. This exemption applies to all taxes, including school district taxes. The timely filing period for Homestead Exemption for 2023 is March 1, 2023.

Click here for Sarasota County Exemption E-File

Click here for Manatee County Exemption E-File