Sarasota On the Rise

 

Sarasota On the Rise

Posted by Marcia Salkin in Arts and Culture, Downtown, Lakewood Ranch, Longboat Key, Luxury Home, Sarasota Happenings, Sarasota Luxury Real Estate, St. Armand's Circle, Waterfront Homes 03 Nov 2021

If you haven’t noticed yet, our community is growing! Since COVID and the rise of remote work arrangements, Sarasota has become more popular than ever before, bringing new inhabitants from all areas of the globe. Moving giant, Mayflower found Florida to be the 5th most sought-after place to move in the country with Sarasota-Bradenton coming in at No. 1.


Our once-little airport is one of the fastest-growing in the country as well, with 52 non-stop destinations running right now.

New Real Estate Developments

Looking for a way to call this city home? Our new builds offer something for everyone. A few of the best upcoming options are listed below:

St. Regis Residences and Hotel
This project is nine years in the making, and its luxury, beachfront design really puts Sarasota on the map. It’s built on the beautiful, historical property of The Colony Beach and Tennis Resort, which was demolished in 2019.


Lakewood Ranch Waterside

It starts with twenty miles of shoreline and acres of nature preserves. It goes on to offer restaurants, concert venues, shopping centers, a weekly farmer’s market, water taxis, and more. This new development is meant to be fun, featuring 5000 homes and 12 different neighborhoods within its community.

The Bay Sarasota

The Bay is continuing to open in phases, with the Fountain Garden and the Mangrove Bayou Walkway finished. Yet to come are the Living Shoreline, Sunset Boardwalk, and Lawns for fitness, wellness, arts, cultural, recreational, and educational events.


The best way to stay up to date with The Bay’s new features is to follow their Facebook page, which you can find by clicking here.

Roads and Traffic

Traffic has always existed during “season”, but now it seems to be occurring year-round. And construction projects do not help. Even though our new roundabouts aren’t always our favorites, the studies are coming in to prove their worth. Crashes, fatalities, injuries, maintenance costs, and air and noise pollution have all decreased. Safe speed rates, vehicle flow, fuel efficiency, and evacuation routes have changed for the better as well.


diverging diamond interchange is coming to our area soon, specifically to the intersection of I-75 and Clark Road. Extra lanes, noise walls, bike lanes, and sidewalks will improve both safety and comfort, though the fall 2023 finish date may make this project an inconvenience for quite some time.

Housing Market Hits “The Calm Before the Storm”

Housing prices dropped slightly compared to September’s sales from last year, but we know this pause isn’t going to last for long. Our area is sought-after, and the lack of available homes will keep prices in the higher-than-average range. Homes are selling in an average time of one week, and cash offers have been the most effective way of winning a home bid. We see these trends continuing for the foreseeable future, showing strategy is still required in the hot housing market of 2021.

If you’re ready to buy or sell your home, I’d love to provide my experience and market insight throughout your journey. I’m confident in my ability to get you a top-dollar sale — or a winning bid on the new house of your dreams.

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