July 2021 | Sarasota Luxury Real Estate News

LUXURY REAL ESTATE NEWS
July 2021

2021 Q2 Market Report
"Are We in a Bubble? "

In March of last year, Real Estate began a downward spiral that lasted two months. Then, began a robust upward path for the next 13 months. Ongoing demand has been remarkably tenacious, prices have increased faster than at any time since the mid-1920s, and supply has not been able to keep up with demand.

While nobody knows if this market will burst suddenly or ease back into a more normal state of balance, it is unlikely that the current pace can continue much longer. The Q2 Market Report shows that the downward trend of low inventory is leveling out compared to last quarter. For the first time in over a year, supply is fulfilling demand -- an early indicator of a possible turning point.

Although the current peak demand may ease off over the coming weeks and months, we do not expect a sudden burst. Demand is real, not highly speculative. The "2021 Quarter 2 Sarasota-Manatee Market Update" takes a look at our recent past to help understand the realities as opposed to the perception. We hope you find it informative and beneficial.

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Lido Beach Recognized
as Best Restored Beach in the U.S.

The recently completed Lido Beach renourishment project has earned national recognition, landing on the American Shore and Beach Preservation Association's annual list of the country's best restored beaches. The Lido Beach renourishment, a partnership between the City and the U.S. Army Corps of Engineers, added nearly 700,000 cubic yards of recycled sand to a 1.56-mile stretch of Lido Key, protecting critical infrastructure, properties and wildlife habitats. Two rock groins were also constructed along South Lido, helping to trap the flow of sand and reduce erosion.

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Market Activity Reports

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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 "♥".

SOLD
Myakka Valley Ranches
$2,750,000
highest price ever
in Myakka Valley Ranches

SOLD
Burns Court Villas
$1,225,000
102% higher than list price

SOLD
Granada Park
$1,017,500
100% of list price

SOLD
Rosemary District
$632,000
106% higher than list price

VIEW ALL OUTSTANDING RESULTS

Buyers Who Bought & Won

In the last month, we also helped buyer purchase
the home of their dreams.

SOLD
Ritz Carlton Residences
$1,675,000

SOLD
Bayso Sarasota
$1,184,820

SOLD
Citrus Residences
$1,059,400

SOLD
Gulf Gate Woods
$450,000

VIEW ALL OUTSTANDING RESULTS

COMING SOON

Here's a preview of our upcoming listings.
Call me if you have interest in any of these properties.

Casa de la Playa
4BR/4.5BA/7,131SF | 4-Car Garage | $6,500,000
Sweeping, breathtaking Gulf views from every room. 109-ft. beach frontage. Lush Floridian landscape. Sprawling balconies and oversize windows. Concrete block construction, distinctive marbles, custom woodwork and imported fixtures throughout. Ground-floor lagoon-style pool with grotto waterfall. A peaceful oasis and entertainer's dream.

Epoch 10N
4BR/4.5BA/4,333SF | $6,250,000
Absolute Sarasota Bayfront with sweeping, unobstucted 180-degree views -- the panorama of Sarasota is yours. The privacy and intimacy of the highest half-floor residence at newly-completed Epoch Sarasota. Best location on Gulfstream Avenue across from Bayfront Park, city marina and steps to Downtown Sarasota amenities. Detailed with the finest appointments for a world-class lifestyle. Walls of glass for forever views of Sarasota Bay. Maximum efficiencies for indoor comfort. Multiple terraces and summer kitchen for outdoor pleasure.

South Siesta Key
4BR/3.5BA/4,253SF | $4,225,000
Follow your heart to this Siesta Key bayfront home ready to welcome you to years of memorable moments. 2021 improvements include impact windows, wood floors, new kitchen and new baths. Masterfully designed to take advantage of its island location, the home's positive energy is naturally enhanced with wide-plank wood floor, tongue-and-groove cathedral ceiling and extensive use of water-facing windows.

Regency House #708
2BR/2BA/1,705SF | $595,000
7th floor downtown Sarasota condo across from Bayfront Park with peek-a-boo water views from the bedrooms. Million-dollar location on Gulfstream Avenue perfect for your downtown lifestyle.

We are pleased to announce that Granada Park is now sold out. We enjoyed a sucessful partnership with Grant Castilow of Vertical Design + Build marketing his best-in-class, green-certified residences in this West of Trail neighborhood. Congratulations to all who purchased their new homes here -- we wish you years of carefree living in your beautiful, coastal-inspired homes.

Peter G. Laughlin Group

PGL GROUP
BROCHURE

OUTSTANDING
RESULTS

CUSTOMER
REVIEWS

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