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LUXURY REAL ESTATE NEWS October 2021 |
| 2021 Q3 Market Report "The Perfect Storm" |
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(click image to view report) |
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| We are living the "perfect storm" for a booming real estate market: 1) Baby boomers are retiring at unprecedented rates and many want to live in sunshine states; 2) COVID is causing shifts in where people want to live and work; and 3) We are experiencing the greatest transfer of wealth in our history as baby boomers inherit wealth from their parents. The result is a massive demand for luxury homes in Sarasota, Florida. It is unlikely the current frenzy can continue much longer. Huge price appreciation over the past year has already resulted in pushback on properties that can't justify their high prices. We are seeing a growing gap between lovely homes that sell for top dollar and not-so-nice homes that are taking longer to sell. Although we already see subtle indicators of an easing market, there are no indicators of a sudden stop or crash. We believe 2022 is going to be less frenzied than 2021, but still a strong market with ongoing demand and insufficient inventory. Truly beautiful homes will still pull top dollar, but odds are good they will not appreciate further in the coming months. We encourage you to take a few minutes to review the Third Quarter Market Update Report to see data showing the current state of our local Real Estate market. |
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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 "♥". |
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| Buyers Who Bought & Won | ||
| In the last month, we also helped these clients buy the home of their dreams. Let's talk about how to get the house you want now. |
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Downtown Sarasota
South Gate
Center Gate 
Glen Oaks| NEW LISTINGS | ||
| Here's a preview of our new listings. Call me if you have interest in any of these properties. |
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 The Oaks Bayside2BR/2BA/3,339SF | $1,889,000 Newly remodeled lakefront home in the Oaks Bayside. Pristine 0.4-acre setting overlooking lakeside peninsula bordered by mature oaks trees. Designed by 20th century architect Bo MacEwen, the home's clean lines, symmetry and classical style accentuate the elegant Regency architecture. The interior has been remodeled by the owner, a connoisseur of architectural history, to complement the Regency style
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 Downtown Sarasota4BR/4.5BA/4,333SF | $6,250,000 Best-in-class new construction residence at EPOCH with over $350K in ultra-high-end upgrades, surpassing penthouse luxury. Commanding water views via vast walls of full-height wrap-around glass and three terraces with architecturally distinct glass railings – the vistas are unobstructed and forever. and timeless.
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 Lido Beach2BR/2BA/1,507SF | $975,000 The views are the main attraction in this 11th floor Lido Beach condo. Indulge in year-round sunrise and sunset views plus long-range vistas of the Gulf of Mexico, Sarasota Bay and Downtown Sarasota. This rarely available corner unit in Lido Regency has the most diverse views on the island with the added bonus of an indoor-outdoor balcony with windows that slide open for a fantastic feeling of floating above the coastal setting.
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 COMING SOONMyakka City 3BR/2.5BA/3,135SF | 42 Acres | $8,995,000 One-of-a-kind contemporary masterpiece on 42 acres of lifestyle ranch land. Designed by Sweet Sparkman and built by Josh Wynne Construction, this high-end homestead is the most energy-efficient home in Florida with a HERS index of minus 31 which means it produces 31% more power than it uses. The property includes the main residence, 3BR/2BA guest house, free-standing studio/efficiency, large workshop with walk-in cooler, 11-stall barn with A/C office, four pastures, cow corral, lake and fenced food garden. |
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The 2021 Siesta Key Crystal Classic International Sand Sculpting Festival will take place Friday, November 12 through November 15, 2021. Twenty four international artists come to Siesta Key to compete in this Master Sand Sculpting competition. The sculptors create a large community carve, 8 solo sculptures and 8 team sculptures. The timed competition is judged and the winners are revealed on Sunday afternoon. You can vote for your favorite team to help determine the Peoples' Choice award!
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| Peter G. Laughlin Group |
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