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June 29, 2018

What Is Happening in Sarasota and Manatee Counties?

It is time for another market update for Sarasota and Manatee counties.

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It is time for your June market update for Sarasota and Manatee Counties. This will give you the information you need to know when it comes to your real estate buying and selling.

 

There is a 3.2% increase in the number of new homes coming onto the market. This is great news since we usually see a decrease in inventory during the summer months.

 

Pending homes, or the number of homes that have entered escrow, have risen 8.9%, and the median price has risen 4.7%. If you are currently renting, you should know that if you had bought a $300,000 home last year instead of rented, you would have gained $14,000 in equity by now.

 

Next, I want to look at the number of homes that are for sale and how long it takes for those homes to go into escrow. The number of homes for sale is down 3.1% while the average escrow time is up 9% to 50 days on market. When there are fewer homes for sale it usually encourages less time on the market because there is more competition, however this is not what we are seeing.

 

  If you are currently renting, you should know that if you had bought a $300,000 home last year instead of rented, you would have gained $14,000 in equity by now.

 

 

In our case, though, we see a gap in the price points which is affecting this. For homes less than $300,000, there are about 2 to 2.5 months of inventory, which is very low. At over $600,000, however, there is much more inventory. There is also new construction and resales hitting the market so the days on market are increasing because of those categories.

 

Currently, the best opportunity is for those people who are looking to move out of a smaller home or condo and into a bigger home. Since there is less inventory in the lower price points, there will be a lot of buyers bidding for your home. There are also new construction and resale homes hitting the market, so the days on market are increasing because of those categories.

 

If you have any questions or are interested in buying or selling, please feel free to contact me by phone or email. I would be happy to help you navigate our current market.

Posted in Real Estate
June 25, 2018

How to Get the Most Money for Your Home: Episode 1

Today I am starting a new series about how to make the most money for your home. Up first, I will discuss the importance of lighting.

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Today I’m excited to begin my new series on how to get the most money for your home in today's market. For this installment, I’ll discuss making your home feel bigger and brighter.

 

To bring in the most light possible, the first thing you should do is to have sparkling-clean windows. If buyers see fingerprints or smudges on the doors and windows during showings, this will make a poor first impression. Dirty doors and windows don’t allow for optimal lighting and can ruin an otherwise perfect view.

 

When you are cleaning your windows, take the time to pop out the screens and rinse them off in your driveway. They can catch a lot of dust, which can cause your home to look dimmer.

 

The next thing I recommend is to replace all your light bulbs so that they are consistent throughout the house. When I come into a home, I want to see the same lighting throughout the entire home.

 

  If potential buyers see dead light bulbs, they may think there could be other issues neglected that are more serious.

 

 

You should select light bulbs that match the light tone to your home. Here in Florida, our lighting tends to appear tan and yellow in tone, so you can compliment your home's color with soft white light bulbs. If you have a modern home with grays, whites, and solid-color countertops, look for daylight bulbs. The blue and white will make your home's gray pop.

 

Regardless of which type of light bulbs you need, make sure that you change all of the fixtures to have new bulbs. There is nothing worse than coming into a home to find multiple lights with dead bulbs. It looks sloppy and buyers will come in and judge the home differently. They will think that there could be other issues neglected by not fixing such a simple maintenance issue.

 

When a home feels big and bright, potential buyers will make big, bright offers on your home and you will get top dollar.

 

If you have any questions or are interested in buying or selling, please feel free to contact me. I look forward to speaking with you soon.

Posted in Sellers
May 15, 2018

7875 237th St., Myakka City, FL 34251

 

BEAUTIFUL 10 ACRE SLICE OF PARADISE!

Enter the gates & follow a lovely tree-lined drive to the entrance of this beautiful home on 10 acres of A-1 land. Luxurious & spacious living areas welcome you into this tastefully updated home filled with light and beauty. Wrap around porch gives you a 360-degree view of your stunning property! Have Horses? It includes a beautiful airy and cool 10 stall center-aisle barn with a tack room. Above barn includes a great space with power and water ready to transform this into a charming living space. The 10 spacious paddocks are perimeter each one already plumbed and ready to go. Love to travel? This home is RV friendly with separate septic hookup for your home away from home.

 

 

May 11, 2018

Let Us Help You Buy and Sell a Home Simultaneously

There are two common concerns that people have when they find themselves needing to buy and sell a home at the same time. Today we’d like to put those to rest.

 

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How do you buy and sell a home at the same time? We’ve heard this question a lot, usually with two chief concerns attached.

 

The first concern is about ending up without a home at all because you can’t find one that you love. When we hear that, we usually ask, “What would happen if you found the home that you loved and you couldn’t put an offer on it?” Our job is to put you in the best position to buy that home, and in order to do that, we need to have your home on the market.

 

In the eyes of the seller, you’re coming from a strong point of negotiation where you can put an offer in on that home and then take it all the way to closing. Just remember—our team will constantly prospect for homes while we’re marketing your current home for sale.

 

  Our team will constantly prospect for homes while we’re marketing their current home for sale.

 

The next concern is being stuck with two homes. This concern is valid; being stuck with two mortgage payments is not a position anyone wants to be in. We can prevent that by pricing your home ahead of the market. We’ll bring in multiple offers over time to get you under contract as quickly as possible.

 

When you’re trying to buy and sell a home at the same time, it really can be a simple process. Just let us take care of it; we’ll make it a smooth transition for you using our team of experts.

 

If you have any questions or need any assistance with your dual transaction, please reach out to us. We’re here to guide you through the process.

Posted in Buyers, Sellers
Feb. 11, 2018

JUST LISTED in Esplanade! 13124 Palermo Dr, Lakewood Ranch, FL 34211

13124 Palermo Dr, Lakewood Ranch, FL 34211 in beautiful Esplanade Golf and Country Club

GET ALL THE PHOTOS AND UPDATE PRICING HERE

 

This picture-perfect Tuscan-inspired home epitomizes the charm and elegance of Esplanade. The Francesco model, impeccably designed by Taylor Morrison, features a stunning living room with elaborate tray ceilings overlooking a beautiful lake. Leading into your spacious dining room, you will pass your butler's pantry, perfect for entertaining guests. As you make your way through the open floor plan, immerse yourself in the gourmet kitchen with recessed lighting, gorgeous granite, massive island, and high-end stainless steel appliances. The master suite boasts a luxurious bathroom with granite, his and hers vanity areas, and a large frameless shower with corner seat. The garage has a four-foot extension which is perfect for storage. This home is golf included, and while you are here you must stop and see all of the resort-style amenities. Don't miss all of the beautiful detail and quality in this Francesco model, one of the most desired models in Esplanade.

Jan. 17, 2018

17022 Blue Ridge Place, Lakewood Ranch FL 34202- New Listing Polo Run!

INCREDIBLE NEW HOME FOR SALE IN POLO RUN! Check out the listing photos and price here!

 

 

 

 

Incredible Lake Views! This brand new Trevi model is waiting for you to call it home. Walk in and feel amazed at how large this home feels. Unwind in the spacious master suite, which includes a large bedroom, over-sized walk-in closet, and dual-sink bath with linen cabinet, large enclosed shower, and water closet. The gourmet kitchen features a center island and opens to a dining nook and the family room. Once your done cooking for everyone take it outside and enjoy your spacious enclosed Lanai. Polo Run is a brand new SOLAR powered community in Lakewood Ranch, the first of its kind here. This gated maintenance free community offers easy access to all that Lakewood Ranch has to offer! Come see this incredible pool home today.

Aug. 31, 2016

Top 10 Golf Courses in Sarasota & Manatee Counties

Between Manatee and Sarasota Counties, there are literally dozens of courses for the golf connoisseur to choose from. Here, we have compiled a list of the top 10, and a little bit of information on each.

#10 Boca Royale Golf & Country Club, Englewood- This 18-hole course was designed by Steven R. Smyers, Carter Morrish, and T.A. Anderson and features Champion Ultradwarf greens. Included in this golf club are driving nets, putting green, and even a pro shop. It is comprised of almost 150 acres of gold course greenery, lakes, and nature/wildlife woodlands with hardly any sight of the homes in the community. Private lessons are available, and members enjoy unlimited annual golf, Member leagues, events and tournaments, as well as personal golf cart usage. For more information call 941-474-7475.

 

#9 River Wilderness Golf & Country Club, Parrish- Offering both men and women golf programs in all levels, this course is comprised of 18 holes and par 72 championship layout designed by Ted McAnlis, a well-known architect. It includes an outstanding practice facility with driving nets, practice green for sand shots and chipping green. There are weekly mixed events for members to enjoy as well. For more information e-mail Membership@riverwildernesscc.com

 

#8 Rosedale Golf & Tennis Club, Bradenton- Another championship course designed by Ted McAnlis, Rosedale Golf is comprised of 18 holes as well as a practice facility and men and women locker rooms. There is a variety of membership types available, and Rosedale offers so much more than golf alone. For more information call 941-753-6200.

 

#7 The Club Renaissance, Sun City Center- Designed by Chip Powell, this exquisite course has two distinctive nines with a par-72. The course has beautiful water at almost every hole, and meanders through old oaks and a preserve landscape stretching 6.701 yards. For more information call 813-633-1015.

 

#6 Esplanade Golf & Country Club, Lakewood Ranch- With some of the most breathtaking views, Esplanade's championship 18-hole golf course was designed by award-winning C.W.Golf Architecture and also offers a pro shop as well as outdoor venues. To schedule a tee time call 941-306-3500.

 

#5 Sarasota National Golf Club, Venice- This course was designed by architect Gordon B. Lewis, renown for designing over 20 courses. This 18-hole championship course was designed to challenge golfers at any skill level. For more information or to schedule a tee -time call 941-371-2431.

 

#4 University Park Country Club, University Park- Conveniently located right in between Sarasota and Bradenton, University Park Country Club has been named "Best of the Best" by Sarasota Magazine. This course offers 27 holes and has both memberships and daily fees available. For more information please call 941-359-9999.

 

#3 River Strand Golf and Country Club, Bradenton- The 27-hole championship course was designed by Arthur Hills and has no short of amaze. The generous fairways paired with the precision approach shots creates the ultimate golf experience. The Manatee River is incorporated into several of the holes along with old oaks and palm trees. For more information please call 941-708-3617

 

#2 Waterlefe Golf & River Club, Bradenton- Designed by Ted McAnlis, this 18-hole championship course also runs along the Manatee River which also creates the ultimate scenic experience. The course accommodates players of all skill levels, and also offers a pro shop, beverage cart service, and grille room. For more information please  call 941-744-0393.

 

#1 Venetian Golf & River Club, Nokomis- This captivating course designed by Chip Powell was created to give any golfer at any level the best golf experience. It is an 18-hole, par-72 championship course with generous fairways and integrates a dynamic golf experience. For more information please call 941-483-4811. 

 

Aug. 31, 2016

Arbor Grande- New Community in Lakewood Ranch

Arbor Grande- Lakewood Ranch's newest community

Arbor Grande- Lakewood Ranch Florida 34211

Arbor Grande is the newest entry into the Master Planned Community of Lakewood Ranch. Located of White Eagle Boulevard Arbor Grande is being built by CalAtlantic Homes, which is a company formed when builders Ryland and Standard Pacific joined forces to compete with some of the nations other large builders. 

Arbor Grande is being designed as a private gated community with resort style amenities. Built on over 113 acres of land just south of Neal Communities Eagle Trace community. Arbor Grande will be a community of single family homes with a starting price in the mid $300's. 

Arbor Grande- Lakewood Ranch FL 34211 Interior

The design and feel of Arbor Grande will be incorporating three different architectural styles Spanish, Italianate, and European. The community is designed for all ages and stages of life. We are excited to see the homes that CalAtlantic will be bringing to Lakewood Ranch. 

We will constantly update our site with the newest information on Arbor Grande. If you would like to sign up for our VIP list just let your agent know or email mattbohanon@kw.com

Aug. 11, 2016

Luxury Home Sales and the Impact of the Stock Market in Sarasota and Lakewood Ranch

Sarasota Yacht

In a recent post, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million+ sales price). The report revealed:

 “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of homes that sold for $1 million or more.

Historically, sales of homes priced $1 million or more averaged 1.2 percent of all home sales. The spread between high-end sales and equities widened during the housing bubble but then moved more closely in unison. By the time the equity markets had peaked in May 2015, the $1 million or more share of the market had nearly doubled, averaging 2.2 percent for the remainder of the year.”

This makes sense. As people see their wealth increasing, they feel more confident in their purchasing power. And, of course, that would also impact their decisions regarding real estate. The stock market dipped earlier this year and there was quite a bit of anecdotal evidence that the upper-end market was beginning to soften. We saw a glut of listings in Lakewood Ranch Country Club sitting for extended periods with no action. 

As we can see in the chart below, the market is again flourishing. That may rejuvenate the luxury market as we move through the rest of the year. We should see sales in the 900k+ range bounce back in Lakewood Ranch and Sarasota and inventory levels start to reduce. 

S&P 500

As we proceed through 2016 and enter 2017, the strength of the stock market will be a key factor in the strength of the luxury market. If the stock market falters, look for high-end sales to slow. If the market advances, as it has shown signs of doing most recently, the high-end market will advance. We will keep you updated on the trends in these luxury markets in Sarasota and Lakewood Ranch. 

Posted in Buyers, Real Estate, Sellers
Aug. 7, 2016

Summer Home Design Trends 2016

Summer Design Trends

With the changing of seasons comes the fun opportunity to create a refreshing and fun transition in your home. This year, the summer design trends are sure to add some flavor to your home to give it the pick-me-up it craves!

1. White! Having bright white walls in the summertime decreases the appearances of any clutter, and gives your space a clean crisp appearance. Whether it is white tile in the kitchen or bathrooms, or simple white paint, it is sure to open and brighten your home. 

2. A Dash of Color! Complimenting your white walls with a pop of something bright such as a fiery red or a lemon yellow creates a happy space. With this you want to make sure you don't overdo it! It only needs to be a small taste such as a vase, a single chair, or a piece of artwork.

3. Organics! Summer is a time to bring the outdoors in by adding some organic material as accents. Whether it is recycled fabric on accent pillows, a raw-edged wood end table, or even a small plant or terrarium, these little contributions just make you feel good inside!

4. Texture vs. Pattern! Although there are endless amounts of fun patterns in rugs, draperies, pillows, etc., this summer designers are moving away from patterns and into solid colors with an interesting texture. The reason for this is because summer is known to be a more relaxed and laid-back time of the year, so keeping it simple with color makes sense, while the textures retains some stimulation.  

5. Mixing up Cabinets! While having all matching cabinets is beautiful and uniform, designers are now turning it up a notch and not only pairing different cabinet colors together, but even pairing different cabinet styles together as well! This creates a very unique, custom look that can really "wow" your kitchen.

6. Black Stainless Steel Appliances- You have probably already noticed these beauties if you have been to Lowe's or Home Depot lately, but sleek look of the new black stainless steel appliances are really intriguing buyers, not to mention all of the new technology that you can have with it!

7. Bathroom Mirrors! And not just any bathroom mirrors, but statement mirrors! Whether it has a fun frame or a unique shape, the realization that mirrors are accents make the room so much more lively.

8. Unplug it! In a society taken over by technology, many families are now creating family rooms WITHOUT any technology in it! It is a warm and functional space where families can congregate without the distraction of televisions, computers etc. and actually have real conversations!

9. Really relax in your bathroom! Bathrooms are notorious for becoming messy and cluttered, but it is time to reorganize and add a touch of living space into your bathroom such as a comfy chair and fresh flowers. Not only does this help with relaxation, but it also creates a more luxurious feeling in this space.

10. Matte Metal! Metal finishes have comeback into action, but now designers are noticing a trend of matte metal finishes on light fixtures, accents, furniture etc. and moving away from the shiny golds and brasses.