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Good Numbers for Sarasota-Manatee Economy
Wednesday, December 14th, 2011 at 12:54pm. 220 Views, 0 Comments.
A range of statistics on unemployment and business sales all point in the same good direction for the Sarasota-Manatee economy, but differ on how fast the economy is recovering.
Most notably, the local unemployment rate has fallen much more quickly than the national average. Unemployment in the two counties stood at 12.7% in September 2010, but had fallen to 10.3% by last month. The national rate fell much more slowly over that same period, from 9.6% to 9%.
Meanwhile, a look at the sales figures businesses report to the Florida Department of Revenue also show a recovery occurring in this region. Those numbers show a very slow recovery,
For the 12 months that ended in August -- the latest data available -- businesses in Sarasota County posted $11.1…
Florida Leads Top 10 Cities for Home List Price Increases
Wednesday, November 9th, 2011 at 10:17am. 84 Views, 0 Comments.
Florida communities, including the Sarasota real estate market and Charlotte County-North Port, dominated a list of the 10 cities that have seen the largest percentage increase in median list prices when comparing September with a year earlier.
The list from the National Association of Realtors speaks to the lack of available properties on the low end of the market; to the growing number of high-end owners getting off the fence and trying to sell; and perhaps to seller's confidence about what they can get for their homes.
The Sarasota real estate market was No. 4 on the ratings, culled from 4 million listings on more than 900 multiple listing services around the country. The median list price during September was $233,000, 16.5% higher than a year…
Venice Real Estate Market Gaining Stability.
Wednesday, October 26th, 2011 at 9:52am. 102 Views, 0 Comments.
The Venice, Fl. area's housing market seems to be reaching a level of stability in supplies and pricing, according to a recent analysis.
The number of homes for sale continues to drop and the number of new listings also is decreasing. As of the end of September, 966 homes were for sale, compared with 1,215 a year ago, a decline of 20.5%. There were 162 new listings last month, compared with 176 in August.
The supply of homes, based on the current pace of sales, represented 8.8 months during September, down from 11.6 months a year ago. A six-month supply is traditionally the standard by which a community is judged to be in equilibrium.
The average price was $165,000 last month and $164,000 in August. That compared with $160,000 a year ago and…
Supply of homes for sale decreasing in Southwest Florida
Wednesday, October 12th, 2011 at 10:55am. 97 Views, 0 Comments.
Housing inventories across Southwest Florida continued at levels that are considered a market in equilibrium.
The largest decline on a percentage basis was in Lakewood Ranch, which is proving to be one of the epicenters of the housing recovery in Southwest Florida. There were 321 homes for sale in the master-planned community last month, down 8 percent from August and nearly 34 percent from a year ago.
That inventory is a six-month supply at the current sales pace, a level that is considered indicative of a market in equilibrium.
The Sarasota real estate market had a six-month supply of homes during September. In the Sarasota real estate market, the 6,305 homes for sale compared with 8,800 a year ago.
Besides Lakewood Ranch, another large drop in…
Sales snapshot shows improvement in the Sarasota-Manatee Economy.
Wednesday, September 28th, 2011 at 9:57am. 128 Views, 0 Comments.
The Sarasota-Manatee economy has shrunk by $4 billion since its peak in 2006, but that is actually an improvement. While 50 industries -- from manufacturing to gas stations -- are still performing well below boomtime levels, a growing number in the two counties have recovered to 2006 sales levels.
For example, in the 12 months ending in June -- the latest data available -- apparel stores in the two counties sold $446 million in merchandise, 7% more than they did in 2006. In all, 18 industries are performing better now than they were in 2006. That is up from 10 in a similar analysis done this time last year.
That might not seem like much of an improvement, considering the local manufacturing industry, despite beginning to recover in early 2010 and…
Siesta Key in Sarasota reaps benefits of No. 1 beach ranking
Wednesday, June 29th, 2011 at 10:49am. 213 Views, 0 Comments.
In the weeks since Siesta Beach was ranked as America's top sand for 2011, visitor interest in Sarasota and area lodging bookings at many properties have skyrocketed, hoteliers and tourism officials say. Traffic was so high in late May on the Sarasota Convention & Visitors Bureau's website that it almost crashed and the organization had to get more digital capacity.
Although exact visitors' figures are not known, Stephen "Dr. Beach" Leatherman's May 27 ranking of Siesta as the nation's top shoreline appears to be playing a role in increased - or planned - traffic throughout the Key.
For lodging operators and tourist spots alike, the heightened attention Siesta Beach is receiving comes as welcome relief after years of struggling against a wobbling…
Sales in Sarasota Real Estate Market Reach the Highest Level in Six Years!
Wednesday, April 20th, 2011 at 11:33am. 288 Views, 0 Comments.
Total property sales in the Sarasota real estate market hit 800 for the month of March 2011, the highest level since September 2005 when sales started to decline. The other great news in March - prices rose in double digits for both single family homes and condos from the previous month, pending sales were the highest since the real estate boom ended in 2005, and the inventory dropped to 5,501 - less than a third of the available properties on the market during the boom.
What makes the statistics even more positive is the fact that there is no federal homebuyer tax credit initiative fueling this surge. The tax credit drove up springs sales last year, but this year's numbers are strong simply on the basis of the incredible quality and value evident in…
Makeover Planned for Siesta Key Beach!
Wednesday, April 6th, 2011 at 12:43pm. 268 Views, 0 Comments.
Sarasota County has proposed to make improvements to Siesta Public Beach including replacing the public safety building. The plan also calls for expanding the Siesta Public Beach parking lot.
Some of the new amenities will be a pedestrian esplanade, expanded and upgraded restrooms and multi-use shelters. Recent estimates for the makeover have been around $12,000,000.
There will be 2 new concession areas, a lawn for concerts and other activities, restoration of a historic pavilion, native plan landscaping and a bus stop.
This information is from the Sarasota Herald Tribune.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real…
Florida is Helping with Late Mortgages!
Wednesday, April 6th, 2011 at 12:42pm. 246 Views, 0 Comments.
Florida will finally launch a $1 billion effort to help homeowners struggling to pay the mortgage, more than a year after the federal government first announced the program.
The program's fate had been in doubt amid worries that Gov. Rick Scott's harsh criticism of federal spending could lead Florida to reject the money. Scott recently turned down $2.4 billion in money from the federal economic stimulus package that would have been used for high-speed rail. And on the campaign trail, he repeatedly said that he wouldn't have taken stimulus help to balance Florida's budget.
The Scott administration agreed to back the Florida Hardest-Hit Fund housing assistance program after those running it reduced the amount of money each homeowner could receive and cut…
Jackson Lab picks Sarasota County
Wednesday, March 16th, 2011 at 11:05am. 239 Views, 0 Comments.
Genetics researcher Jackson Laboratory formally committed to building its new personalized medicine institute in Sarasota County, ending an intense contest with Hillsborough County and beginning a collaboration with Sarasota Memorial Hospital, the Gulfcoast Community Foundation of Venice and the University of South Florida that many describe as a game-changer for the local economy.
"Together we're going to create a biomedical village," said Chuck Hewett, Jackson Laboratory's chief operating officer, to applause from a room jammed Wednesday with community and business leaders at the Ritz-Carlton Sarasota.
"Working together at our new facility here in Sarasota County and our labs in Tampa, we will build the research" "that will drive this revolution,"…
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