11125 Gulf Shore Drive, Naples, FL 34108, listed by Dante DiSabato

Photo Credit: Matt Steeves Photography

"I am very excited about the 2021 market in Naples. It looks to be off to a fast start just based on the activity in December. We have such a lack of inventory in Naples and we are just at the start of the season. I can only imagine what will come." - Dante DiSabato, Naples, FL.

Courtesy of Corcoran Reverie, Scenic 30A area, FL

Photo Credit: Jason Ellis

"In 2021 we will continue to see a record number of people move to our area as their primary residence as they are seeking out areas and climates that give them the ability to have a lifestyle, they want in the new Covid world we live in.  The ability for people to work from home has created a shift that will make our area one of the most desired due to climate, various outdoor activities, less populated, and of course, the unique and beautiful beaches that our area offers.

The second home market will continue to thrive as buyers are seeking an option for their family to come for school, Work, etc. now that the ability to do school and work is a virtual option.  Also, with the migration of buyers from cities like Chicago, St Louis, New York to Nashville, Atlanta, Dallas, we will see a new group of buyers seeking a beach home as they will now be within driving distance of their primary home.

The luxury investment product will continue to be in demand due to low-interest rates and what is considered a tangible asset." Hilary Farnum-Fasth, Broker & Owner, Corcoran Reverie, Scenic 30A area, FL.

Churchill Oaks Drive Lot 89, Santa Rosa Beach, FL 32459, Listed by Hunter Harman

Photo Credit: Beach Properties of Florida

"In 2021 we expect to see a continued rising demand here in South Walton, yet with reduced inventory. The 30A beach community that has long been focused on tourism and vacation rentals is now shifting towards an increase in permanent residences." - Hunter Harman,  South Walton, FL.

27280 Oak Knoll DR, Bonita Springs, FL 34134, listed by Angela Lutzi Dellatorè and Scott Dellatorè

Photo Credit: LaCasa Tours

"The market seems to keep getting better and better. People are leaving congested cities such as New York and Chicago for areas like SWFL where they will enjoy a resort-like living environment. Many companies have allowed their employees to work remotely, indefinitely. If you live in Bonita Springs, you can take your lunch hour on the beach every day. How can that be beat?" - Angela Lutzi Dellatorè, The Dellatorè Real Estate Group, Bonita Springs/Barefoot Beach/Bonita Beach, FL

3985 Roberts Point Road, Sarasota, FL 34242, listed by Joel Schemmel

Photo Credit: Coastal Home Photography

"The 2021 Sarasota real estate market will continue the trends from the latter half of 2020, demand outstripping the supply of available properties. Population growth driven by migration from high tax states, the new ability to work remotely, excellent schools, and fantastic weather are the underlying dynamics. Comparative value is also a factor. The Sarasota market is getting benchmarked against other Florida markets where prices are higher. The long and the short, the Sarasota market will continue to be strong only limited by the supply of properties." - Joel Schemmel, Sarasota, FL.

418 Blanca Avenue, Tampa, FL 33606, listed by Jennifer Zales

Photo Credit: Tony Sica

"Inventory for luxury listings is at an all-time low in the Tampa Bay area. Homes that are priced well are selling very quickly. If homes are overpriced, they will stay on the market for an extended period of time and often sell at a lower price than if they were priced correctly from the beginning. Since the onset of the pandemic, many buyers are trading up to larger hones and will continue to do so in the new year in order to accommodate working from home (and in some cases schooling from home). With the number of people leaving high tax states such as New York, New Jersey, and Connecticut, and most recently California, we will continue to see an influx of buyers coming to the Tampa Bay market well into next year." - Jennifer Zales, Tampa, FL

The post Florida West Coast Real Estate Expectations For 2021 appeared first on Haute Residence by Haute Living.

Are there areas in Sarasota where you have seen a lot of growth lately?

The market in Sarasota has been very dynamic since sales have regained momentum in May. Certain areas such as Siesta Key that were selling well before the shutdown in March have not only re-engaged but are up significantly from 2019. Other traditionally strong areas such as West of Trail and Bird Key have reinforced their positions as Sellers’ Markets. New home sales in new and existing subdivisions have also bounced back to a pre-COVID-19 pace.

Photo Credit: Coastal Home Photography

Photo Credit: Coastal Home Photography

What amenities are buyers requesting more this time of year in their new homes?

We have all learned what we really like or do not like in our homes during the quarantine.   Certainly, on the hot list going forward is the home office or even dual home offices.   We do not see that changing as the future of work at home will continue to evolve in our new reality.  Square footage in general is now more positive. We were trending away from size pre-COVID-19 and now having the extra square footage is a plus - particularly if we have it in the right places: home gym, study area, outdoor space, media room, etc.

Photo Credit: Coastal Home Photography

Photo Credit: Coastal Home Photography

What is the overall state of the West coast of Florida real estate market?

While we are not experts in markets outside the Greater Sarasota area, reports from colleagues in many Gulf Coast communities are incredibly positive. It seems the combination of fantastic weather, access to numerous outdoor amenities all year round, no income taxes, and the rise in work from home arrangements is giving the Gulf Coast a real shot in the arm.

Photo Credit: Coastal Home Photography

Photo Credit: Coastal Home Photography

What attractions in Sarasota with enough social distance are open to the public?

So, we are excited to see the number of positive COVID-19 tests on the decline in Florida and more specifically Sarasota. While we are all doing our part to social distance, it is great to report that most of our attractions are open – of course with limitations in place. Siesta Key Beach rated #1 in the country, along with all area public beaches are open.  Access to water and boating has never been more popular.  Most golf courses are open as well.  The reality is that pretty much all the amenities you are looking for in the Greater Sarasota area are available within a defined framework.

Photo Credit: Coastal Home Photography

The post Update On Sarasota Real Estate Market During 2020, With Joel Schemmel appeared first on Haute Residence by Haute Living.