Coronavirus/COVID-19 Furthers Retail Contraction. Almost 55% of the US’ retail floor space — 4.8 billion square feet — has closed, according to GlobalData. The effect of the pandemic has been uneven, with apparel retailers and restaurants bearing the brunt of the financial impact and some needs-based retailers adding staff. “It’s a tale of two markets right now,”
Tuesday, February 4, 2020
January 2020 Real Estate Snapshot In Sarasota Manatee Hot off the press. Snapshot of real estate sales activity for January 2020; single family, condo and townhomes in Sarasota Manatee. Download the guide HERE.
Monday, January 27, 2020
December 2019 Real Estate Activity In Sarasota Manatee Sarasota and Manatee single family home, condo and townhome sales – including distressed sales. December saw single-family home sales increase over 2018, pushing sales volume up almost 24% to $275 million in Sarasota, while Manatee County saw a 11% increase to $214 million. Single family inventory is slightly down in both counties, about 10%. Year over year condo sales were down 27%, totaling $90 million in Sarasota, while Manatee was down 19%, for total sales of $44 million. Condo inventory is down almost 25% in Sarasota while declining 15% in Manatee.
Tuesday, October 22, 2019
September 2019 Real Estate Activity In Sarasota Manatee Sarasota and Manatee single family home, condo and townhome sales – including distressed sales. September saw single-family home sales increase over 2018, pushing sales volume up to $262.2 million in Sarasota, while Manatee County saw an increase to $205.3 million. Single family inventory is slightly down in both counties. Condo sales are slightly up in the two county area while inventory holds steady in Sarasota and rose slightly in Manatee. Download the complete August Sarasota/Manatee real estate summary by clicking HERE.
Friday, August 17, 2018
The Emerging Trends In Retail And Commercial Real Estate By William Henry, PhD The keynote addresses delivered by retail and commercial real estate experts at the International Council of Shopping Centers (ICSC) annual RECON conference in Las Vegas last month can be boiled down into three major themes: 1) The oversupply of single purpose retail space is causing the repurposing of large underperforming retail properties to other uses The United States has the highest amount of single purpose retail space in the world. Per recent census numbers, for every man, woman, and child, the US has more than twice the […]
Monday, December 18, 2017
2017 World Tour – A Look at Some Global Trends By Patricia Tan This has been a busy travel year for me and my business partner, Carla Rayman, as we worked to further develop our overseas network of real estate partners, and bring Sarasota properties to international buyers. As the year end approaches, I thought it might be interesting for readers to see some of the trends in international real estate that we have observed while on our travels. Portugal Portugal can probably boast the fastest growing market for international buyers. Continued investment by Chinese and other foreigners looking to […]
Sunday, April 16, 2017
Taxing Matters For Non-Residents Who Own U.S. Real Estate By Patricia Tan What season Is it? Some might say “Spring” as temperatures are in the 70s, others may say “Tourist Season” as they sit patiently in heavy traffic, but as I write this article I am working on my annual accounts, so I would say “It’s Tax Season!” It is this time of year when I get questions from some of my overseas customers who are working on their tax returns too, and I thought it might be useful to spend a few minutes looking at how foreign real estate […]
Monday, November 14, 2016
What Does BREXIT Mean To Our Real Estate Market? By Patricia Tan I was born and raised in England and watched with interest as the United Kingdom decided its future – whether to remain in the European Union or leave and become autonomous again. While it was a very close vote, the majority of the British people did vote to exit the E.U. The exact details of BREXIT will be negotiated over the next two years, and its full impact will not be known for some time. Many readers know that I make several trips each year to the United […]
Tuesday, September 20, 2016
Confidence In Your Real Estate Professional Makes Decision Making Easier By Patricia Tan As we experience Florida’s hot and humid summer months, and the snow birds have long gone, we continue to welcome many international visitors to the area. Long summer vacation weeks in Europe make this the perfect time for Europeans to make the long journey here to enjoy sun and sand. Many of these visitors are so taken with what our wonderful area has to offer, they contemplate purchasing a home so they can stay for longer periods, and have a place to call their own. Many think […]
Wednesday, June 1, 2016
The Changing Face Of International Real Estate By Patricia Tan As we wave good bye to our winter visitors, we hope they enjoyed our balmy, sunny shores, and that they will be back again. While many of those visitors come here from the cold northern States, we still welcome a large number from other countries – Canada, United Kingdom, Germany and even as far away as Australia and South Africa, to name a few. In the past, many of these international visitors, just like their American counterparts, have fallen in love with our area and start to think about purchasing […]
Sunday, April 24, 2016
2015 Was A Record Breaker What Does 2016 Hold? By Patricia Tan Spring is definitely upon us, and those of us in the real estate industry will be taking a welcome respite from a very busy selling season which came hard on the heels of a record breaking year for real estate transactions in Sarasota and Manatee Counties. 2015 was certainly one for the record books. 20,691 homes were sold in our desirable spot on the Gulf Coast – 1,302 or more than in 2014, and an increase of more than 6%. As you would expect, our median sales prices […]
Wednesday, February 24, 2016
Why Buy A Home In Florida And Why Now? By Patricia Tan Here we are in the middle of winter and enjoying balmy weather with temperatures in the 70s. Need I say more? While our climate is a big attraction to those thinking about purchasing a home for retirement, or a vacation property, it may not be enough on its own to persuade home buyers to write a sizable check. Recent world events and volatility in the stock market have led many home buyers to pay more attention to the potential returns that their second home can provide. I thought […]
Wednesday, August 26, 2015
Who Is Buying A Home Here? By Patricia Tan We are all reading market reports about low inventory, rising prices and sometimes multiple offers on a particular property, but who are the buyers, and where are they coming from? What is driving them here? Why do people buy in Florida, and more specifically on the beautiful west coast of Florida? Retirement, I hear you say! Yes, Florida is known as a retirement destination, but here in the Sarasota area we enjoy much more diversity in our population. This became very apparent to me recently when I was doing some research […]
Friday, November 7, 2014
More International Buyers Coming To U.S.A. By Patricia Tan Recent Reports Show Significant Growth I spend most of my time in Sarasota, where our real estate team lists and sells homes in Sarasota and Manatee Counties. A key factor that has contributed to our success over the years has been our focus on international buyers. Today, more than 70% of our business comes from transactions that involve someone from another country. I also spend some of my time traveling around Florida, teaching other Realtors how to build their global business, and this means I have to understand the impact that […]
Thursday, July 10, 2014
International Real Estate – A Risky Business? By Patricia Tan I recently returned from a series of meetings in Washington D.C. While I was there, I was asked to present to a group of experienced international agents about ways in which they could manage risk in their business, and provide a better experience for their customers. Let’s consider those real estate transactions where an American buys or sells property in another country. Such transactions are most certainly prone to greater risks in a number of areas, and buyers, sellers and real estate agents should exercise caution.
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Monday, April 13, 2020
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