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Between the Trend Lines
Quality listings that are positioned properly are getting a lot of showings, and in some cases, multiple offers. |
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Here are key take-a-ways from "Between the Trend Lines with Budge Huskey," Premier Sotheby's International Realty's luxury real estate podcast released March 2.
- Closed sales dropped again in January for the 12th straight month -- 36% off the previous January.
- January's level of new business written, on a national level, represents the highest increase since June 2020 on a month over month basis, and the second month of gains.
Southern states saw the greatest bump.
- Closer to home, the market seemed to come alive earlier this month.
- Quality listings positioned properly are getting lots of showings, and in some cases, we are even seeing multiple offers being made.
- It's important to remember that our benchmark for 2023 isn't last year, but rather, the last normal year in real estate -- 2019.
- Across our company, pended sales in the first two months are well below last year, yet are 5% above 2019.
- Our inventory is up 50% over this time last year. In most markets, that still means three months or less of inventory.
- Regardless of the low levels by historical standards, pricing and condition are everything. Updating and staging are exceedingly important for sellers expecting to get anywhere near top dollar.
- It's no longer about testing the market. It's about what the value of the home is now versus what was paid for it.
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Global Networking Initiative
Promoting Sarasota and our clients' listings to the world |
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Andrew continues to broaden his network by travelling across the states and abroad to connect with top Sotheby's International Realty advisors around the world. Thanks to their mutual collaboration, Sotheby's International Realty's high-performing referral network exceeded $2.9B in 2022. |
| Introducing 4 New Construction Projects in Downtown Sarasota |
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From the Rosemary District to Golden Gate Point to Lido Beach, Sarasota's skyline continues to evolve offering new lifestyle opportunities near the heart of Sarasota's walkable waterfront. |
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| FEATURED LISTINGS |
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COMING SOON:
1414 POINT CRISP ROAD
PRIVATE PENINSULA ON SOUTH SIESTA KEY
7BR / 7.5BA / 7162SF | 1.2 Acres | $15,950,000
Siesta Key's "piece de resistance" with 360-degree waterfront views. 1.2 acres with 546-ft. on the bay. Oversize windows in every room, including the elevator, for wide open views throughout this impressive home. Very private location on south Siesta Key. Call me for more information.
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COMING SOON:
555 N. ORANGE AVENUE #308
3BR / 2BA / 2249SF | $1,375,000
Citrus Residences, the latest addition to the esteemed Citrus Square, takes city living to an entirely new level. The nationally-acclaimed and award-winning architecture creates an urban oasis in downtown Sarasota. Centrally-located in the vibrant Rosemary District, the upscale, boutique-style condominiums are set above ground-level shops, fine dining restaurants, breakfast, lunch and dinner eateries, tree-lined streetscapes, and a private courtyard.
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MAJOR PRICE IMPROVEMENT
ENGLEWOOD BAYFRONT ESTATE
5BR / 5.5BA / 8383SF | $3,995,000
The best bayfront value in Sarasota for those seeking privacy, nature and enduring elegance. Extreme privacy on 1.4 acres with 150-ft. waterfront and 8,383 sq. ft. luxurious residence. |
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| OUTSTANDING RESULTS |
In the last month, the Laughlin Tanner Group
helped these sellers create outstanding results with masterful
marketing and negotiating skills. |
 Burns Court Villa | $1,575,000
1 week @ full price |
 Lido Beach | $1,375,000
96% of list price |
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| NOTABLE LISTING |
Major Price Reduction Tomorrow
Call me if you have interest in this architecturally-significant home.
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SARASOTA SCHOOL OF ARCHITECTURE
ON SIESTA KEY WITH GULF VIEW
5BR / 4.5BA / 5739SF | 0.68 Acre | $8,500,000
The Revere Quality House, created by Mid-Century Modern architects Paul Rudolph and Ralph Twitchell, is considered a prime example of the Sarasota School of Architecture style. It now serves as the guest home of a newer home, inspired by the original, built by architect Guy Peterson. |
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| Sarasota Then and Now: 1950s |
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Downtown looking west toward Marina Jack's, Golden Gate Point, Ringling Causeway bridge, Bird Key and Lido Key.
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| [Agent - Email Signature]
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