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April 2020 Newsletter

Things Happening In April

Things can certainly change on a dime. Right now, there’s a sense of overall discomfort as we miss out on goals, milestones, and the day to day lives we enjoyed just a couple of short weeks ago. Nobody knows how this situation is going to impact the real estate market over the coming months. As of right now, the real estate market in Sarasota has remained largely active, at least from where we sit.

In Sarasota and Manatee counties, the February housing market reported more closed sales and an overall rise in dollar volume. Median prices increased while inventory declined in both counties. While pleased with the great sales numbers, there is an expectation that they will be tempered in March due to the disruptions and the shift of peoples focus. As of this mailing, real estate transactions are still happening – the Sarasota market is not closed. We live in a digital world and with the use of video walk-throughs or virtual showings, we can show anyone a home of interest without any social contact.

We that live in Sarasota are lucky. We have expansive open spaces with beautiful vistas to access every day. We have gorgeous weather and a large community of caring individuals. No one can sugar-coat what is happening, nor would we try. But, boy are we blessed to be living here at this point in time. There are countless ways to fill our dwindling calendar of events.

Hopefully, we will all be back to normal soon, but in the meantime, downtime does not have to be time not well spent. Our strategy continues to be stay positive, stay nimble and stay your trusted voices of the local Sarasota real estate market.

News In Sarasota – April 2020

The Sarasota County Commission has voted unanimously to allow the execution of a lease with Mote Marine Laboratory and Aquarium, advancing plans for the development of a new private aquarium on county-owned land in Nathan Benderson Park.

Sarasota Memorial was named one of the world’s best hospitals in a global ranking of hospitals compiled for the second time by Newsweek magazine. Sarasota Memorial Hospital was one of 10 Florida hospitals to make the list, which spotlights more than 1,500 hospitals across 21 countries. Hospitals were selected based on medical performance indicators that included low mortality, complication and readmission rates, as well as recommendations from medical professionals and patient survey results.

New federal guidance signal to state and local officials the need to allow construction and real estate activity to continue during coronavirus-related work stoppages. The guidance includes a 15-page list of essential services, and “residential and commercial real estate services, including settlement services,” are listed on page 13. It also includes real estate support services, such as government offices that conduct title searches and notary and recording services that support mortgage loans and the real estate industry. The advisory letter and list of essential industries was written by the Cybersecurity & Infrastructure Security Agency within the U.S. Department of Homeland Security. Homeland Security guidance makes it clear that infrastructure is important, and many groups quickly applauded the move.

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