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LUXURY REAL ESTATE NEWS
August 2020 |
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| graphic by Studiogstock - Freepik.com |
THE REAL ESTATE MARKET
Is Now a Good Time to Sell?
As you know, many things are different this year. But one difference you may not be aware of is how remarkably strong interest in real estate has intensified over the last two months. Nationally, existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic. The month of June recorded a jump of 20.7% in existing home sales from May. The national median house price also increased in June, marking 100 straight months of year-over-year gains.
THE MOMENT IS NOW
The pace of home sales has now recovered with inventory moving faster than this time last year -- but supply remains the critical missing piece in the recovery. With the number of listings under contract up significantly and property showings surging over this time last year, buyer demand is now unparalleled and will continue in the coming months. The time is right to list your home with the team renowned for achieving outstanding results in Sarasota Luxury Real Estate.
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| Watch the July 2020 Real Estate Market Report video presented by Craig Cerreta, managing broker at Premier Sotheby's International Realty's Downtown Sarasota office. Craig explains why "real estate is on solid ground and there is no reason to believe it is going to change." |
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Listings are selling fast. Here's an exclusive preview
of new listings and listings going live in August. If you have interest, contact me right away. |
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GADDY UP RANCH
Country Perfect Gentleman's Ranch
82 Acres| $5,895,000
Premier Gentleman's Ranch in Sarasota, quietly removed from the ordinary, yet surprisingly close to in-town amenities. This premium property is located nearly adjacent to Myakka River State Park, just 12 miles to Lakewood Ranch, 13 miles to I-75, and 18 miles to Downtown Sarasota. For convenient travel, private aircraft can land on the site and SRQ International Airport is within 23 miles. Whether you're a gentleman rancher, an equestrian or just seeking an incredible retreat from the cares of everyday life, this property will definitely suit your needs and exceed your expectations. |
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WATERBURY TRACTS
4800 CR 675
485.5 Acres| $19,000,000
This substantial, contiguous tract of land is now being offered for the first time. Part of the Waterbury Tracts, the land is already platted into fifty 10-acre parcels with road right-of-ways that provide access to all parcels. Current land use allows for one dwelling per five acres, or two dwellings per net acre. This land is in an optimal location for creating country lifestyle estates for those who value privacy, the land, room to roam and farm/ranch/equestrian endeavors while being in close proximity to in-town amenities. It may also appeal to those looking to invest in land as an opportunity to diversify assets. If you're looking ahead, knowing what land values do over time, the opportunity is here for you right now. |
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 1766 Bahia Vista Street
4BR/4.5BA | 3,107 sq. ft.
$1,275,000 |
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VIEW DETAILS
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 755 S. Palm Avenue #102
2BR/2BA | 1,421 sq. ft.
$599,900 |
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VIEW DETAILS
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 101 Gulfstream Avenue 5H
2BR/2BA | 1,320 sq. ft.
$599,000 |
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VIEW DETAILS
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 Lido Regency 2F
1BR/1.5BA | 981 sq. ft.
$369,000 |
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VIEW DETAILS
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 COMING SOON
4205 Higel Avenue
4BR/4.5BA | 7,003 sq. ft.
$4,775,000 |
 COMING SOON
5146 Sandy Beach Drive
5BR/5BA | 2,973 sq. ft.
$1,185,000 |
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DOWNTOWN CONDOS
New ultra-luxury condominiums are filling the Downtown Sarasota skyline. The selection is varied starting at $337,397 for a 639 sq. ft. unit at Citrus Residences on North Orange Avenue, and topping out at $9,995,000 for a 5,655 sq. ft. penthouse at Epoch on Gulfstream Avenue. While the selection is varied, the number of premium units with water views is limited -- and they're selling quickly.
If your lifestyle dreams include owning one of these downtown condos, I can represent your best interests, and negotiate the best price and available upgrades/discounts on your behalf. You pay nothing extra by working with me, and I will be on your side every step of the way.
The link below shows current Downtown Condo listings. It does not show new developments that have not listed on MLS yet. I can let you know of upcoming projects and pre-construction pricing.
Contact me for more information and to arrange a personal presentation of your favorite new condos. |
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| Peter G. Laughlin Group Core Values |
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Inclusive. Dependable. Inspired. Accomplished. Intentional. Notable.
These guiding principles engender the highest standards in real estate, and form a firm foundation for creating the highest quality of service and results in real estate transactions.
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