Sarasota
Real Estate News

U.S. Luxury Housing Market Enjoys Price Rebound, Despite Coronavirus

U.S. Luxury Housing Market Enjoys Price Rebound, Despite Coronavirus

According to a new report from Redfin, the median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31, 2020. Read More »


Luxury Listings Making Comeback After a Sharp Spring Collapse

Luxury Listings Making Comeback After a Sharp Spring Collapse

Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year. Read More »

Florida's Housing Market Still Feeling Impact of Coronavirus Outbreak in May

Florida's Housing Market Still Feeling Impact of Coronavirus Outbreak in May

Florida's Realtors are reporting that the state's housing market continued to reflect the economic impact of the coronavirus pandemic in May 2020. Read More »

Driven by Coronavirus, Memorial Weekend Kicks Off

Driven by Coronavirus, Memorial Weekend Kicks Off "Homecation" Season in U.S.

In a new COVID-19 world we now find ourselves all living in, this Memorial Day weekend has become the unofficial start of 2020's new "homecation" season. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated August 20, 2020 9:04 AM ET

Sarasota Property News

Based on a report by the University of Central Florida's Rosen College of Hospitality Management, the annual economic impact of Florida's vacation home rental industry now exceeds $27 billion.

According to the National Association of Realtors, existing-home sales rose in October 2019. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales.

According to new data from the Miami Association of Realtors, Palm Beach County total home sales, median prices, dollar volume and luxury transactions increased year-over-year in September 2019. Palm Beach County total home sales increased 3.1% year-over-year, from 2,261 to 2,332.

The average sale price for luxury homes in the U.S. rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. It marks the first time luxury prices did not drop after three straight quarters of decline.

Florida's housing market reported more closed sales, higher median prices and increased pending inventory compared to a year ago. Sales of single-family homes statewide totaled 23,510 last month, up 11.5% from September 2018.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

According to Florida Realtors, Florida's housing market reported more sales, higher median prices and increased inventory (active listings) in April 2019 compared to a year ago.

According to the latest housing data by Florida Realtors, Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019.

The Florida Realtor Association is reporting that Florida home sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.

According to the latest housing data from Florida Realtors, Florida's housing market reported higher median prices and increased inventory (active listings) in December 2018 compared to a year ago.

Orlando held steady in 2018 as the #2 destination of choice for Florida's international homebuyers. Nine percent of all of Florida's international homebuyers opted to purchase a property in Orlando.

Florida's housing market reported more closed sales, rising median prices and more new listings in October 2018 compared to a year ago. Sales of single-family homes statewide totaled 22,272 last month, up 8.5 percent compared to October 2017.

Florida's housing market had more sales, higher median prices, more pending sales and more new listings in 3Q 2018. Closed sales of single-family homes statewide totaled 72,843 in 3Q 2018.

Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.

According to the Florida Association of Realtors, Florida's housing market reported slightly more new listings and higher median prices during the first quarter of 2018.

According to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI) which was released this week show that U.S. builder confidence in the single-family 55+ housing market continued to be positive in the third quarter of 2017.

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.


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