Editor's Note: Sarasota, FL real estate expert Joel Schemmel updates Haute Residence on everything real estate in the West coast of the Sunshine State in this Q&A.
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
