MANASOTA KEY NEWSLETTER FALL 2015

As promised, there are fewer properties on the market even during our slowest time of the year!  In May there were 32 active residences;  in our last report, there were 25; and today the count is down to 22.  We have 4 pending with one to close in a week. There have been 21 closings in 180 days!! That is pretty amazing for our stretch of Manasota Key in Sarasota County!! There are now 11 lots active and one pending. One has sold since last report.  There have also been homes that have sold above $3M.  This is bringing our values up but without a rapid inflation rate.

Inventory is scarce, and the agents who work on Manasota Key are as delighted as you are!  I have reached out to agents on our sister keys letting them know we have few waterfront homes left.  In our sharing, we have all seen an unprecedented demand with diminishing inventories that we have not seen in years.

Sarasota and Manatee areas were ranked second in the nation for their large percentage of residential cash buyers; and this, of course, has helped make our real estate transactions a bit easier than some other areas.  There has been a recent change with a handful of buyers enjoying the use of mortgage money included in their transactions.

There continues to be a substantial amount of building new and remodeling of homes all along the Key.  Some are “in waiting” for their permits.
We truly believe we will be in the “cat-bird seat” this season with surrounding Keys running low in their marketable homes and our homes always being priced at a more favorable point.  The small amount of bank owned properties are off the market and being restored for resale or owner occupation.
Please, everyone knock on nearby wood, as we are almost through the 2015  Hurricane Season and  have been fortunate so far!

Click here to read the full newsletter from the Manasota Key Association  I hope everyone is enjoying a beautiful autumn and know that many of you are getting ready to return to the Key for the season.  You will find information on the possible acquisition of land by Sarasota County, 8215 mangrove update, security, a schedule of events for next season, and other information we hope you will find useful and interesting.

Contact

Debi Healy

Deborah Funari Healy, PLLC.
Licensed Real Estate Brokerage.
Coastal Properties.

“I promise you an intense dedication while working with you toward reaching your real estate goals.”

941-468-5872
debi@debihealy.com

Contact

Naomi Wise

Naomi Wise
Estate Agent.
Coastal Properties.

“My goals are working to provide top-notch service and building lasting relationships with my clients.”

941-483-6711
naomisellrealestate@gmail.com