COVID and Real Estate

I have had many people reach out to me the last few weeks with this question, and I am honored that many would value and trust my opinion on the matter. While there is no magic “crystal ball” to predict the future, we can look back on the past and find similarities and differences. These facts may help us predict what is to come in the future. I recently came across an article on “Keeping Current Matters” that has a great breakdown on the difference between the 2008 housing crash and our current 2020 pandemic.

See, in 2008 we faced a housing crisis. Today we face a pandemic. Yes, the pandemic will have an affect on the economy, but I do not believe we will see the same thing with the housing market that we did in 2008.

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Quarter 4 - 2020 

Let's take a look back to October, November, and December of 2020 as I review what the real estate market did in the last couple of months. 

Brief Market Summary For Q4 2020

Overall in the 4th quarter we’ve seen a lot of similarities that we saw in quarter 3 of 2020. Low inventory of homes on the market paired with homes selling quickly. The median days of getting a contract on a property was 28, compared to 39 days at this time of year in 2019. 

Single Family Homes: Single family sales were up 40%. Inventory was down 48%. Sale price increased from $324K to $393K which is a 21% increase. Average time on the market was 18 days. Compared to 36 days last year. This means that homes sold 50% quicker. 

Condominiums: Condo…

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Skye Ranch Sarasota

Skye Ranch is Sarasota’s newest up and coming lifestyle neighborhood with beautiful homes and amazing amenities. Located east of I-75 on Clark Rd/State Rd. 72. Skye Ranch will feature two neighborhoods within its larger community of “Skye Ranch.” These gated neighborhoods within Skye Ranch are called Cassia at Skye Ranch and Esplanade at Skye Ranch. Skye Ranch is officially opened for sale as of March 6, 2020. 

     

Cassia at Skye Ranch

Cassia at Skye Ranch is currently offering 17 different floor plans available for purchasing to build within the community. These floor plans range from 3 bedrooms all the way up to 5 bedrooms, 2-3 car garages, dens, game rooms, lofts, 1 and 2 stories, and more. See all floor plans…

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As most builders break ground on new communities, they offer both inventory homes and new construction builds. What is the difference between an inventory home and a build from the ground up? And, which one is the right choice for you?


New Construction Vs Inventory Home Checklist

Inventory Homes / Quick Move In Homes

An inventory home, also known as a quick move in home, is a brand-new home. However, the home has already been built, or is in the process of being built. This means that the details of the home have already been determined and selected. For example, the floor plan, interior selections, exterior architecture, and any upgrades into the home have already been determined by the designers and builders themselves. If you sign a contract on an inventory or quick move in home…

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Love to golf? Love Palmer Ranch? I’d like to share with you the three golf course communities currently located within Palmer Ranch. Every community has its pros and cons, but unfortunately many don’t’ truly learn about a community until they become residents within it. In today’s blog, I’ll give you the facts, but I’ll also share some insider information on each of these three communities.

Stoneybrook Golf and Country Club on Palmer Ranch

Stoneybrook Golf and Country Club on Palmer Ranch, located within Palmer Ranch (Central Sarasota Parkway and Mcintosh), is a golf community. Stoneybrook was built in the mid 1990’s and offers single family homes and condominiums. This gated and maintenance free community offers amenities to its residents.…

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Sarasota's Waterfront Dining

Sarasota, Florida is full of waterfront dining. The best part? Most of the dining is made up of local restaurants and owners; and as for the chains? Well, they’re delicious too. Many of these Sarasota waterfront restaurants feature fresh seafood, tropical vibes, sunset views, salty air seating, and offer one of a kind environments. Because, can anyone really compete with the Sarasota Bay? Enjoy a casual bite at Sharky’s on the Pier in Venice, dine upscale at Ophelia’s on the Bay on Siesta Key, or enjoy a date night at Dry Dock Waterfront Grill on Longboat Key.

You’ll find that my guide to Sarasota’s Best Waterfront Restaurants takes you beyond Sarasota and into the surrounding areas… because fresh seafood and salty…

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About The Strand

Have you head of ‘The Strand?’ This new construction waterfront condominium community is hot off the press here in Sarasota, Florida. The Strand is still under construction, but is pre selling. With prices starting in the 200’s, waterfront units, and great amenities; these condominiums are going to sell quick! The units are designed by architect Gary Hoy with a coastal contemporary style. In these units, you will find gorgeous open floor plans, modern style, gourmet kitchens, bay view balconies, and even boat slips! When completed, the Strand will have 152 luxurious units, with 5 floor plans to choose from... did I mention they are starting in the high $200s?

The Strand Units

Every unit in The Strand has a desirable view either…

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About the Worthington Community

Worthington is a brand-new, new construction Sarasota community, which broke ground in 2019. Worthington is located a few miles east of I-75 seated on the corner of Palmer Blvd. and Lorraine Rd. Worthington is an intimate neighborhood that will consist of 156 homes, when completed. Split between two builders; half of the community will be built by MI Homes and the other half, Cardel Homes. Worthington offers its residents a gated entrance to the community, a passive park, walking trail, lake, and lawn irrigation all bundled within its low HOA. The community features a sidewalk throughout, tropical landscaping, tile roofs, and driveways and patios lined with pavers to create a finer community appearance and quality.…

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Pet Friendly Condos on Siesta Key

Siesta Key offers a variety of condominiums, some allowing pets and others…not so much. Before getting your heart set on your dream space, get educated on which condominium works best for your pet friendly or not so friendly needs! Many condominiums that allow pets, do have restrictions on the size of the pet, so it’s best to start your pet friendly condominium home search right here. Click on each Siesta Key condominium name to see its available listings!  Find a piece of property you want to take a look at? Email Matt HERE or call/text 941-356-5377.

Siesta Key Beach

Siesta Key Condominiums: No Pets Allowed

Aloha Kai - No Pets

Anchorage - No Pets

Bay Oaks - No Pets

Beachaven - No Pets

Casa Blanca - No Pets

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What is Homestead? 

One of the greatest benefits to owning a permanent home in Florida is the ability to homestead your primary residence. I work with many Buyers who are purchasing a primary residence here in Florida and I consider educating them on homesteading their property an important part of my job. Unfortunately, I’ve seen many people miss the mark when it comes to doing this, simply because they lack the knowledge on what it can do for you or they just don’t know about it! This simple job can save you hundreds of dollars each year in taxes. Consider this your guide to homesteading your property; as I’ve personally experienced this on my own home, educated many clients along the way with their homes, and have seen the fantastic…

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