October 2023 Statistics from Stellar MLS September 2023 Home Sales Incre ase From L ast Year’s Hurricane SARASOTA, Fla. (October 19, 2023) – Amidst the lingering impacts of Hurricane Ian’s disruption to Florida’s housing market last September, the latest data from Florida REALTORS® paints a contrasting picture for September 2023. While closed sales registered an unusually high yearover-year growth, median prices stayed relatively stable. In stark contrast to an irregular report caused by disruption from Hurricane Ian in September 2022, this September marked a striking departure, with remarkably high year-over-year increases in closed sales. However, the number of closed sales this month hovers around the same level of sales as the two previous months. The total number of closed sales across the North Port-Sarasota-Bradenton MSA was 1,770 in September, a 40.1 percent increase from last year and a 0.7 percent decrease from last month. Median sale prices in September decreased slightly across all markets except for condos in Manatee County. For singlefamily homes, the median sale price in Sarasota decreased year-over-year by 0.7 percent to $494,000 and decreased by 2.6
percent to $503,495 in Manatee County. In the condo market, prices in Sarasota decreased by 1.1 percent to a median $395,750, while Manatee County condos increased by 3.9 percent to $350,000.
percent decrease compared to the previous month. In the condo market, 669 new listings in September showed no change from the previous month, indicating a somewhat static trend.
Combined for both property types in the MSA, there were 5,886 active listings at the end of September, a 35.4 percent increase from the same time last year and a 7 percent increase from the month prior. Across the two-county region, there were 3,920 active listings reported for singlefamily homes and 1,966 listings reported in the condo market.
The number of properties that went under contract this month increased from the previous year. In Sarasota, pending sales for single-family homes increased by 8.2 percent year-over-year, and increased by 8 percent in Manatee. For condos, pending sales increased year-over-year by 7.1 percent in Sarasota and by 11 percent in Manatee. When compared to last month, pending sales decreased by 7.3 percent for condos and by 12.3 percent for singlefamily homes.
Notably, Sarasota County reported the highest months’ supply of inventory in 2023, with a 3.5-month supply for singlefamily homes and a 3.8-month supply for condos. These figures reflect year-overyear increases of 66.7 percent and 137.5 percent, respectively. In Manatee County, single-family home supply increased by 7.4 percent to a 2.9-month supply, while condo supply increased by 73.7 percent to a 3.3month supply.
Le n o reTre i m a n
M BA , RE ALTO R ®
LenoreTreiman@michaelsaunders.com LenoreTreiman.com
LenoreTreiman.com
All things
REAL ESTATE
On a Personal Note Dear Friends and Clients, I consider myself an extremely positive person who focuses daily on the good things in our world and my personal life. This has been a difficult month filled with atrocities and horrific world events. I have really appreciated that many friends and clients have reached out to share their thoughts. One especially meaningful text said it so well: “I feel so horrible about the death, destruction and hostages. Hope this tragedy and chaos leads to long term peace and stability in the region. Feel so bad about the suffering for families and children.” On a very personal note, I support the fight against anti-semitism and stand with Israel.
Lenore LENORE TREIMAN MBA, REALTOR® 1605 Main Street | Sarasota, FL 34236 | 941.951.6660 | michaelsaunders.com
Contact /
LenoreTreiman @michaelsaunders.com
– REALTOR® Association of Sarasota and Manatee
At the end of September, there were 2,214 new listings combined for both singlefamily homes and condos in the MSA, a month-over-month decrease by 2 percent. There were 1,545 new listings for singlefamily homes, representing a slight 2.9
941.356.9642
o c to b er 2 02 3
1605 Main Street Sarasota, FL 34236 941.356.9642
condo on the bay
47 2 I S L A N D C I R C L E S I E S TA K E Y, F L 3 4242
9 8 8 B O U L E VA R D O F T H E A R T S # 1 1 1 7 S A R A S OTA , F L 3 42 3 6
under contract in less than 1 week
4 0 1 Q uay C o m m o n s # 1 4 0 5 S a r a s ota , F L 3 42 3 6
3BR/2.5BA | DOWNTOWN | CONDO | $2,695,000
3BR/3.5BA | DOWNTOWN | CONDO | $7,730,000
NEW PRICE! This coveted and rarely available 3 bedroom condo is perfectly sited on the Northwest corner and the 11th floor of 988 Blvd of the Arts, in the premier direct waterfront Condo on the Bay with sweeping and expansive protected views of Sarasota Bay and beyond! Location, location, in the heart of Sarasota and next to The Bay, an exciting new park that has transformed the area into a blue and green oasis with incredible amenities. The 17th stack is the one that is sought-after due to the best views from the wall-to-wall windows in the living room, dining room, kitchen and owner’s suite! This beautifully renovated unit boasts a sprawling split floor plan, ideal for both entertaining and everyday living, offering an open layout, 3 bedrooms, 2 and 1/2 bathrooms and 2 waterside terraces. Beautifully scaled rooms with sweeping Bay views abound, highlighted by high ceilings, crown molding, and light and bright surroundings. The renovated kitchen has been opened to capture glistening Bay views and features Campbell Cabinetry white shaker cabinets with soft close drawers and pull-out shelves, SubZero refrigerator with 2 convenient freezer drawers, Wolf induction cooktop, microwave and wall oven, and a water treatment system. Under cabinet, and tray ceiling lighting were added to complete the beautiful and efficient kitchen workspace.
UNDER CONTRACT! A luxurious waterfront lifestyle near downtown awaits in this contemporary, elegantly appointed 3,798 sf 14th-floor condominium in The Ritz-Carlton Residences, Sarasota Bay. Completed in 2021, this 3-bedroom, 3.5-bath residence offers a spacious open floor plan with countless custom updates, refined finishes, chic décor, and floor-to-ceiling windows and sliding glass doors showcasing sweeping vistas of the Bay, Ringling Bridge and Longboat Key. Accepting backup offers.
The Ritz-Carlton Residences, Sarasota Bay
palm island
4BR/3.5BA | SIESTA KEY | SINGLE FAMILY | $2,599,000
S elec t u n d er contr ac t
NEW PRICE! On beautiful Palm Island in the heart of Siesta Key and just 2 blocks from world famous Siesta Key Beach, you’ll find this fantastic one-of-a-kind modern island home with 4 bedrooms, 3.5 baths, designer finishes, incredible pool/lanai/ summer kitchen, and private elevator, located on a great canal front lot with dock and lift for your boat. Purchase for your own personal residence, or use it as an investment property with great rental income potential. This residence boasts 2 great rooms and multiple levels for easy living and entertaining. The first great room features an indoor/outdoor swimming pool and spa, screened-in lounge area and full outdoor kitchen with stainless appliances and gas range making it the perfect place to host a lively gathering.
1031 143RD STREET NE $1,750,000 | Winding River 2566 PARADISE PLUM DRIVE $1,160,668 | Windward 4706 OLD BLUSH STREET $339,665 | Avalon Woods
S elec t solds
north siesta key
4 5 2 0 H I G E L AV E N U E S I E S TA K E Y, F L 3 4242 3BR/3BA | SIESTA KEY | SINGLE FAMILY | $1,495,000 100K price reduction! NEW HEATED SALT POOL, 1600+ SF LANAI AND SCREEN ENCLOSURE 2022! Experience island living at its best in desirable North Siesta Key. Situated on a private waterfront lot on picture-perfect Lake Nancy, 1 mile to world renowned #1 rated Siesta Key Beach, this 2214 sf, 3-bedroom 3 full bath + office home boasts countless recent updates/upgrades. The open concept split floor plan features a newly updated kitchen, with all new stainless appliances including hood, range, refrigerator and dishwasher, large granite peninsula with seating for 4, Italian soft close cabinetry, designated breakfast area and custom designed and installed pantry by Closets By Design. The main living space and spacious dining room, all with water views, are light and bright and feature new all wood, professionally installed plantation shutters, new lighted designer ceiling fans and ceramic tile floors. The owner’s suite is a peaceful retreat with water views, French doors and private access to the outdoor space and boasts a recently renovated owners closet including a brand-new closet system and convenient laundry room with full size Samsung washer dryer and new organizational shelving. The spacious owner’s bath is spa-like with a large all glass and tile walk-in shower, soaking jetted tub, granite counters with dual sinks and features new custom lighting and mirrors and pool lanai access.
oc tob er Re a l E s tate & Life s t y le N e ws BUILDING BOOM Here’s a rundown of all the new projects going up in Sarasota https://www.sarasotamagazine.com/home-and-realestate/2023/10/real-estate-development-market-building DISCOVER NATURAL SARASOTA Urfer Family Park
2179 HARBOURSIDE DRIVE UNIT #501 $1,450,000 | Harbor Oaks
https://www.srqmagazine.com/srq-daily/2023-10-17/22506_ Discover-Natural-Sarasota---Urfer-Family-Park
4234 GULF OF MEXICO DRIVE UNIT #F1 $960,000 | Pelican Harbour & Beach Club
A LATKE OF LOVE IN THE ROSEMARY DISTRICT
Com ing Soon 1709 N TAMIAMI TRAIL UNIT 502 | CONDO 1 bedroom 2 bathroom at The Strand 2884 INDIANWOOD DRIVE | SINGLE FAMILY 3 bedroom 2 bathroom home in Ridgewood Estates
https://www.srqmagazine.com/srq-daily/2023-1017/22738_A-Latke-of-Love-in-The-Rosemary-District SCARY-SOTA October’s Biggest and Best Fall and Halloween Celebrations https://www.sarasotamagazine.com/arts-andentertainment/halloween-fall-events-october-2023
condo on the bay
47 2 I S L A N D C I R C L E S I E S TA K E Y, F L 3 4242
9 8 8 B O U L E VA R D O F T H E A R T S # 1 1 1 7 S A R A S OTA , F L 3 42 3 6
under contract in less than 1 week
4 0 1 Q uay C o m m o n s # 1 4 0 5 S a r a s ota , F L 3 42 3 6
3BR/2.5BA | DOWNTOWN | CONDO | $2,695,000
3BR/3.5BA | DOWNTOWN | CONDO | $7,730,000
NEW PRICE! This coveted and rarely available 3 bedroom condo is perfectly sited on the Northwest corner and the 11th floor of 988 Blvd of the Arts, in the premier direct waterfront Condo on the Bay with sweeping and expansive protected views of Sarasota Bay and beyond! Location, location, in the heart of Sarasota and next to The Bay, an exciting new park that has transformed the area into a blue and green oasis with incredible amenities. The 17th stack is the one that is sought-after due to the best views from the wall-to-wall windows in the living room, dining room, kitchen and owner’s suite! This beautifully renovated unit boasts a sprawling split floor plan, ideal for both entertaining and everyday living, offering an open layout, 3 bedrooms, 2 and 1/2 bathrooms and 2 waterside terraces. Beautifully scaled rooms with sweeping Bay views abound, highlighted by high ceilings, crown molding, and light and bright surroundings. The renovated kitchen has been opened to capture glistening Bay views and features Campbell Cabinetry white shaker cabinets with soft close drawers and pull-out shelves, SubZero refrigerator with 2 convenient freezer drawers, Wolf induction cooktop, microwave and wall oven, and a water treatment system. Under cabinet, and tray ceiling lighting were added to complete the beautiful and efficient kitchen workspace.
UNDER CONTRACT! A luxurious waterfront lifestyle near downtown awaits in this contemporary, elegantly appointed 3,798 sf 14th-floor condominium in The Ritz-Carlton Residences, Sarasota Bay. Completed in 2021, this 3-bedroom, 3.5-bath residence offers a spacious open floor plan with countless custom updates, refined finishes, chic décor, and floor-to-ceiling windows and sliding glass doors showcasing sweeping vistas of the Bay, Ringling Bridge and Longboat Key. Accepting backup offers.
The Ritz-Carlton Residences, Sarasota Bay
palm island
4BR/3.5BA | SIESTA KEY | SINGLE FAMILY | $2,599,000
S elec t u n d er contr ac t
NEW PRICE! On beautiful Palm Island in the heart of Siesta Key and just 2 blocks from world famous Siesta Key Beach, you’ll find this fantastic one-of-a-kind modern island home with 4 bedrooms, 3.5 baths, designer finishes, incredible pool/lanai/ summer kitchen, and private elevator, located on a great canal front lot with dock and lift for your boat. Purchase for your own personal residence, or use it as an investment property with great rental income potential. This residence boasts 2 great rooms and multiple levels for easy living and entertaining. The first great room features an indoor/outdoor swimming pool and spa, screened-in lounge area and full outdoor kitchen with stainless appliances and gas range making it the perfect place to host a lively gathering.
1031 143RD STREET NE $1,750,000 | Winding River 2566 PARADISE PLUM DRIVE $1,160,668 | Windward 4706 OLD BLUSH STREET $339,665 | Avalon Woods
S elec t solds
north siesta key
4 5 2 0 H I G E L AV E N U E S I E S TA K E Y, F L 3 4242 3BR/3BA | SIESTA KEY | SINGLE FAMILY | $1,495,000 100K price reduction! NEW HEATED SALT POOL, 1600+ SF LANAI AND SCREEN ENCLOSURE 2022! Experience island living at its best in desirable North Siesta Key. Situated on a private waterfront lot on picture-perfect Lake Nancy, 1 mile to world renowned #1 rated Siesta Key Beach, this 2214 sf, 3-bedroom 3 full bath + office home boasts countless recent updates/upgrades. The open concept split floor plan features a newly updated kitchen, with all new stainless appliances including hood, range, refrigerator and dishwasher, large granite peninsula with seating for 4, Italian soft close cabinetry, designated breakfast area and custom designed and installed pantry by Closets By Design. The main living space and spacious dining room, all with water views, are light and bright and feature new all wood, professionally installed plantation shutters, new lighted designer ceiling fans and ceramic tile floors. The owner’s suite is a peaceful retreat with water views, French doors and private access to the outdoor space and boasts a recently renovated owners closet including a brand-new closet system and convenient laundry room with full size Samsung washer dryer and new organizational shelving. The spacious owner’s bath is spa-like with a large all glass and tile walk-in shower, soaking jetted tub, granite counters with dual sinks and features new custom lighting and mirrors and pool lanai access.
oc tob er Re a l E s tate & Life s t y le N e ws BUILDING BOOM Here’s a rundown of all the new projects going up in Sarasota https://www.sarasotamagazine.com/home-and-realestate/2023/10/real-estate-development-market-building DISCOVER NATURAL SARASOTA Urfer Family Park
2179 HARBOURSIDE DRIVE UNIT #501 $1,450,000 | Harbor Oaks
https://www.srqmagazine.com/srq-daily/2023-10-17/22506_ Discover-Natural-Sarasota---Urfer-Family-Park
4234 GULF OF MEXICO DRIVE UNIT #F1 $960,000 | Pelican Harbour & Beach Club
A LATKE OF LOVE IN THE ROSEMARY DISTRICT
Com ing Soon 1709 N TAMIAMI TRAIL UNIT 502 | CONDO 1 bedroom 2 bathroom at The Strand 2884 INDIANWOOD DRIVE | SINGLE FAMILY 3 bedroom 2 bathroom home in Ridgewood Estates
https://www.srqmagazine.com/srq-daily/2023-1017/22738_A-Latke-of-Love-in-The-Rosemary-District SCARY-SOTA October’s Biggest and Best Fall and Halloween Celebrations https://www.sarasotamagazine.com/arts-andentertainment/halloween-fall-events-october-2023
October 2023 Statistics from Stellar MLS September 2023 Home Sales Incre ase From L ast Year’s Hurricane SARASOTA, Fla. (October 19, 2023) – Amidst the lingering impacts of Hurricane Ian’s disruption to Florida’s housing market last September, the latest data from Florida REALTORS® paints a contrasting picture for September 2023. While closed sales registered an unusually high yearover-year growth, median prices stayed relatively stable. In stark contrast to an irregular report caused by disruption from Hurricane Ian in September 2022, this September marked a striking departure, with remarkably high year-over-year increases in closed sales. However, the number of closed sales this month hovers around the same level of sales as the two previous months. The total number of closed sales across the North Port-Sarasota-Bradenton MSA was 1,770 in September, a 40.1 percent increase from last year and a 0.7 percent decrease from last month. Median sale prices in September decreased slightly across all markets except for condos in Manatee County. For singlefamily homes, the median sale price in Sarasota decreased year-over-year by 0.7 percent to $494,000 and decreased by 2.6
percent to $503,495 in Manatee County. In the condo market, prices in Sarasota decreased by 1.1 percent to a median $395,750, while Manatee County condos increased by 3.9 percent to $350,000.
percent decrease compared to the previous month. In the condo market, 669 new listings in September showed no change from the previous month, indicating a somewhat static trend.
Combined for both property types in the MSA, there were 5,886 active listings at the end of September, a 35.4 percent increase from the same time last year and a 7 percent increase from the month prior. Across the two-county region, there were 3,920 active listings reported for singlefamily homes and 1,966 listings reported in the condo market.
The number of properties that went under contract this month increased from the previous year. In Sarasota, pending sales for single-family homes increased by 8.2 percent year-over-year, and increased by 8 percent in Manatee. For condos, pending sales increased year-over-year by 7.1 percent in Sarasota and by 11 percent in Manatee. When compared to last month, pending sales decreased by 7.3 percent for condos and by 12.3 percent for singlefamily homes.
Notably, Sarasota County reported the highest months’ supply of inventory in 2023, with a 3.5-month supply for singlefamily homes and a 3.8-month supply for condos. These figures reflect year-overyear increases of 66.7 percent and 137.5 percent, respectively. In Manatee County, single-family home supply increased by 7.4 percent to a 2.9-month supply, while condo supply increased by 73.7 percent to a 3.3month supply.
Le n o reTre i m a n
M BA , RE ALTO R ®
LenoreTreiman@michaelsaunders.com LenoreTreiman.com
LenoreTreiman.com
All things
REAL ESTATE
On a Personal Note Dear Friends and Clients, I consider myself an extremely positive person who focuses daily on the good things in our world and my personal life. This has been a difficult month filled with atrocities and horrific world events. I have really appreciated that many friends and clients have reached out to share their thoughts. One especially meaningful text said it so well: “I feel so horrible about the death, destruction and hostages. Hope this tragedy and chaos leads to long term peace and stability in the region. Feel so bad about the suffering for families and children.” On a very personal note, I support the fight against anti-semitism and stand with Israel.
Lenore LENORE TREIMAN MBA, REALTOR® 1605 Main Street | Sarasota, FL 34236 | 941.951.6660 | michaelsaunders.com
Contact /
LenoreTreiman @michaelsaunders.com
– REALTOR® Association of Sarasota and Manatee
At the end of September, there were 2,214 new listings combined for both singlefamily homes and condos in the MSA, a month-over-month decrease by 2 percent. There were 1,545 new listings for singlefamily homes, representing a slight 2.9
941.356.9642
o c to b er 2 02 3
1605 Main Street Sarasota, FL 34236 941.356.9642