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LUXURY REAL ESTATE NEWS
February 2021 |
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| 2020 Sarasota Real Estate Market Report
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Despite the devastating effects of the coronavirus pandemic, Sarasota's real estate market saw one of its stongest years since 2008. Compared to a year earlier, sales were up 34%, average sale price went up 21%, average days on market went down 21%. Take a look at the December 2020 Real Estate Report to see current trends including new listings, sold listings, list price, sold price, days on market and listings supply.
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High Buyer Demand and Low Inventory
Create a True Sellers' Market
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| Is Now the Right Time to Sell My House?
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If one of the questions you're asking yourself is, "Should I sell my house now?," consumer sentiment and the state of the real estate market today should boost your confidence. According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents indicate now is a good time to buy a home, while 59% feel it's a good time to sell one. In addition, there simply are not enough homes available to meet today's buyer demand. Homes are selling just as quickly as they're coming to the market. With so few homes available, we're in a true sellers' market. However, this sweet spot for sellers won't last forever. As more homes are listed throughout the year, this advantage toward sellers may start to wane.
If you or someone you know is ready to talk about the many advantages of listing your home now, let's connect to determine the best next step when it comes to selling your home now. |
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| Sellers Who Sold & Won |
In the last month, the Peter G. Laughlin Group
helped sellers
create outstanding results with masterful marketing
that buyers love to "♥".
Let's strategize on how to maximize the value of your home. |
 UNDER CONTRACT
IN 7 Days
Siesta Key | $3,995,000
over list price + mulitple offers |
 UNDER CONTRACT
IN 1 Day
St. Armands | $1,850,000
100% of list price |
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 UNDER CONTRACT
IN 4 Days
West of Trail| $1,754,000
100% of list price |
 UNDER CONTRACT
IN 4 Days
Downtown | $1,259,000
99% of list price |
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Acting Sooner Rather Than Later
May Be the Actual Win if You're Ready to Buy
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| Is It a Good Time to Buy?
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The real estate market is expected to do very well in 2021, stimulated by mortgage rates that are hovering at historic lows. While only a slight increase in mortgage rates is projected for 2021, experts believe they will start to rise. As mortgage rates rise, the increase impacts the overall cost of purchasing a home. The higher the rate, the higher your monthly mortgage payment, especially as home prices rise, too. Although inventory of houses for sale is also at a historic low, making it more challenging than normal to find a home to buy, acting sooner rather than later may be the actual win if you're ready to buy a home. |
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We are pleased to introduce the Sotheby's International Realty
"2021 Luxury Outlook," an ambitious exploration of high-end residenctial markets across the globe, reflecting on an unprecedented year for real estate and global wealth. Look at what's in store for some of the world's primary and secondary markets and the wealth trends that will drive discretionary investment in the coming months. |
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| NEW LISTINGS |
Exclusive preview of new listings and listings going live in February.
Contact me if you have interest. |
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DOWNTOWN SARASOTA
1663 Alderman Street
3BR/2.5BA/2,005sf| $1,199,000
Brand new contemporary residence in fashionable, walkable Laurel Park. Just one block to the foot bridge and kayak launch at Hudson Bayou. Every day feels like a staycation -- walk to a variety of five-star restaurants, walak/jog/cycle over the iconic Ringling Bridge, get salty with membership in Freedom Boat Club, train in a boutique fitness studio, or simply enjoy the pleasure of living in Downtown Sarasota. Fresh and modern great room plan with gourmet kitchen, hardwood floors, high ceilings, elevator and Florida-friendly landscape.
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LIDO BEACH
1700 Benjamin Franklin Drive #6E
2BR/2BA/1,507sf| $615,000
Your best Florida lifestyle is right here along the cool white sand and clear blue sea that make living on Lido Beach a dream come true. One of only a handful of condominiums located right on Lido Beach, Lido Regency sits between the Gulf of Mexico and Sarasota Bay. Colorful sunrises and sunsets are a daily ritual from this rarely available corner unit. The beach is your back yard, the Ted Sperling Nature Park is out your front door, world-renowned St. Armands Circle is one mile down the road, and Sarasota’s nearby cultural amenities enhance your island lifestyle. Life is better on the beach! |
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| Peter G. Laughlin Group |
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| Premier Sotheby's International Realty is the Gulf Coast luxury leader, recognized as the real estate company of choice, committed to setting the ultimate standard within the luxury real estate market. We proudly celebrate ranking in the top three sales leaders in Sarasota and express gratitude to our extraordinary customers. |
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