Real Estate Market

Existing Home Sales Decline in March

Thu, 18 Apr 2024 13:09:02 -0400

After reaching the 12-month high last month, existing home sales retreated in March due to lingering high mortgage rates, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the ninth consecutive month of year-over-year median sales price increases. Eventually, mortgage rates...

Highest Paid Occupations in Construction in 2023

Thu, 18 Apr 2024 08:45:29 -0400

Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median wage is $48,060, while the top...

How Quickly Do Prices Respond to Monetary Policy?

Wed, 17 Apr 2024 14:55:50 -0400

As economist Milton Friedman once quipped, monetary policy has a history of operating with “long and variable lags.”[1] What Friedman was expressing is that it takes some time for the true effects of monetary policy, like the changing of the federal funds rate, to permeate completely through the larger economy. While some industries, like housing,...

Most Home Buyers Want One, Medium-Sized Home Office

Wed, 17 Apr 2024 10:00:05 -0400

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want...

Housing Starts Fall on Interest Rate, Financing Concerns

Tue, 16 Apr 2024 11:02:32 -0400

Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a...

Green Building: Top Practices

Tue, 16 Apr 2024 09:54:24 -0400

An earlier post based on the report The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief focused on the prevalence of green home building. This post will examine commonly used practices in green building. This is the second part of a four-part series that will be published about the report. Top Green...

Builder Sentiment Unchanged in April

Mon, 15 Apr 2024 10:01:32 -0400

Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024. Builder confidence in the market for newly built single-family homes was 51 in April, unchanged from March, according to the National Association of...

Single-Family Permits Performing Well in February 2024

Fri, 12 Apr 2024 09:30:43 -0400

Over the first two months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 155,236. On a year-over-year (YoY) basis, this is an increase of 38.4% over the February 2023 level of 112,131. Year-to-date ending in February, single-family permits were up in all four regions. The range of permit increase spanned...

Advice You'd Give to Your 20 Year Old Self

Wed, 20 Mar 2024 15:39:29 -0400

Reflecting on over 20 years in the Real Estate industry, if I could offer advice to my 20-year-old self, I'd approach it with the wisdom gained from my journey. Here's what I'd share: Hold onto Your Properties: If I could do it all over again, I'd hang onto every piece of real estate I ever owned. Buy, Buy, Buy: Buy real estate early and often. It's like planting seeds that grow into money trees. Of course, you've got to be smart about it – choose the right properties, do your homework, and don't rush into anything. Save for Down Payments: Money talks, especially in the world of real estate. So, instead of blowing all your hard-earned cash on things that don't make you money, start squirreling away those dollars for down payments on your next property. Trust me, a little bit of sacrifice now will pay off big time down the road. Tap into Home Equity: Don't let that home equity sit there gathering dust – put it to work for you! Whether you're looking to upgrade to a bigger place or snag another investment property, tapping into your home equity can be a game-changer. Just make sure you've got a solid plan in place before you dive in. Now, I know what you're thinking – "You're just saying this because you're in real estate" Hear me out. Look at the people who've followed this advice – they're doing very well financially. Real estate is a tried-and-true path to wealth. So, there you have it – the real estate wisdom I wish I'd known in my 20s. Buy smart, hold tight, and watch your wealth grow. It's as simple as that. Now, go forth and conquer the world of real estate – your future self will thank you for it.

January 2024 Sarasota/Manatee Real Estate Market Recap

Mon, 26 Feb 2024 13:44:47 -0500

Below you will find important real estate market statistics for the Sarasota and Bradenton , FL real estate market for January 2024. Statistics include changes in average and median sales prices, average days on market, number of properties sold, etc.

Why Isn't Your Home Selling?

Mon, 19 Feb 2024 11:56:06 -0500

Selling your home should be straightforward, right? Well, sometimes it's not that simple. In fact, there are a handful of reasons why your property might be stuck on the market longer than you'd like. Let's break it down:

Price, Condition, Location: These three factors are huge home selling. Price it too high, neglect the upkeep, or forget about the importance of location, and you're in trouble.

Marketing and Photography: First impressions matter, especially in real estate. If your listing lacks enticing photos or fails to grab attention in the marketing department, you could be missing out on potential buyers.

Market Conditions: Sometimes, it's just not your fault. A slow market or stiff competition can make selling your home tough, even if everything else is in order.

Your Realtor: Your choice of realtor can make or break the deal. A good realtor will go to bat for you, negotiate like a pro, and make sure your interests are front and center. But a not-so-great realtor? Well, that's a different story.

Let me share a real-life scenario that might shed some light on the realtor factor. We recently had a client interested in not one, but two properties listed by the same agent. Our offers were solid – close to asking price, with great terms. However, the listing agent wasn't budging, insisting on all-cash offers at full price. Fast forward a few weeks, and those properties are still sitting on the market.

In situations like these, it's hard not to point fingers. Was it the seller's decision, or did the listing agent drop the ball? From my professional opinion, it seems pretty clear: the listing agent got in the way.

Now, here's the cold, hard truth that sellers might not want to hear: it all comes down to price. Overprice your home, and you're in for a long wait.

So, there you have it – the not-so-secret formula for selling your home. Price it right, keep it looking sharp, mind the location, and choose your realtor wisely.

Sunchase in Parrish

Thu, 15 Feb 2024 12:54:22 -0500

A New Nearly 1,000-Home Residential Development Is Headed to Parrish Sunchase is new, 427-acre, 55-plus community with amenities including pickleball courts, dog parks and a community garden. Groundbreaking is expected within the next two months. Parrish made our list of “10 Neighborhoods Where Everything Is Changing” last year, and it’s still on a roll, with nearly 1,000 new homesites on the way. Built by Del Webb, which is under the umbrella of the national homebuilder PulteGroup, Sunchase will be a gated, 55-plus community sprawling over what was previously 427 acres of Crosswind Ranch agricultural land. It’s north of Wauchula Road (State Road 62) near Keen Road in Parrish, in north Manatee County. The assemblage of land was purchased last year for $19,026,000. Amenities at Sunchase will include a bar and grill, clubhouse, lap and resistance pools, poolside fire pit, a fitness center, pickleball and bocce courts, cabanas, an arts and crafts room, a dog park, walking trails and a community garden. But “the magic is in the natural spaces,” says Sean Strickler, West Florida division president of PulteGroup. Several areas will remain untouched and man-made lakes will offer water views. Sunchaser will also have a community garden, which offers residents an irrigated personal plot for a nominal annual fee where they can grow their own selection of produce and plants, since homesite yards don’t allow it. The 40-, 50- and 64-foot wide homesites will range from two to four bedrooms each, with two-car to three-car garages and mostly single-story layouts with large entertaining areas and kitchens. Groundbreaking is expected within the next 60 days. Although it’s still early in the project process, Strickler says pricing will range from the upper $300,000s up to the $700,000s for larger homesites. Homes are slated to enter the market in early 2025. Other Parrish and Manatee County communities for the builder include Oakfield Lakes, which is expected to bring in 4,000 single-family homes and 600 multi-family units; BayView, composed of 950 homes; Magnolia Ranch, with 72 homes; Catalina, with 1,300 single-family homes and attached villas; and Sapphire Point, with 451 homes. “Parrish is desirable because of its proximity to Lakewood Ranch, Sarasota, Tampa and St. Pete just across the Skyway. It’s also more affordable relative to Lakewood Ranch and Sarasota,” Strickler says. He adds that interest is coming from both nearby and out of state. “There’s tremendous demand from buyers from Tampa and Sarasota, and although we’ve seen migration [into Florida] chill out compared to recent years, it’s still elevated and I think it’ll stay that way,” he says. “The west coast has been discovered, and we’re still relatively affordable for people moving from New York and California, where median price points are so much higher.” Original Article by Kim Doleatto with Sarasota Magazine

What if you bought ten years ago?

Wed, 01 Nov 2023 17:56:33 -0400

There is an old saying - "Don't wait to buy real estate. Buy real estate and wait." How much equity would you have today if you bought in Sarasota roughly 10 years ago? Below are the average prices of homes & condos this year versus 10 years ago. Average Close Price 2013 Average Close Price 2023 Median Sales Price 2013 Median Sales Price 2023 Siesta Key $654,172 $1,370,494 $482,500 $965,900 Longboat Key $746,059 $1,673,081 $493,000 $1,100,000 Casey Key $1,721,283 $4,701,767 $1,325,000 $2,850,000 Bird Key $1,269,753 $3,546,560 $850,000 $3,000,000 Lakewood Ranch (34202) $374,863 $1,074,072 $310,000 $795,000 Palmer Ranch (34238) $293,420 $620,217 $293,420 $560,000 Lido Key $933,375 $2,393,072 $591,125 $1,575,000 Amazing increases in home prices and returns on investment (especially if debt was used). This is something to think about if you are looking for a vacation/winter home. There are no guarantees that you will see these kinds of returns in the next 10 years. But, if I were a betting man, I would bet that we will see positive returns. Not to mention all of the amazing life and family experiences that a vacation/winter home can provide. Please contact us at 941.822.0708 if we can assist you in finding a vacation/winter home in the Sarasota, Bradenton, Lakewood Ranch, St. Petersburg, Clearwater areas. Marc Rasmussen
Broker/Owner of Corcoran Dwellings

Judge Rules Against One Park Plan

Thu, 26 Oct 2023 14:17:43 -0400

by Andrew Warfield - Original article The controversial proposed One Park condominium development in The Quay has been dealt a second defeat in as many weeks as 12th Judicial Circuit Court Judge Hunter Carroll on Monday ruled that Quay Venture LLC cannot convey the air rights above Quay Commons to Property Markets Group, operating in The Quay as Quay Blocks 1 and 9. At its Oct. 12 meeting, the Sarasota Planning Board voted 3-1 to recommend the denial of PMG’s proposal to combine blocks 1 and 9 to build One Park on both blocks connected via a breezeway over Quay Commons. In his 30-page ruling, Carroll wrote that air rights over Quay Commons, the primary street serving the 15-acre master development must, per the general development agreement between the city of Sarasota and Quay Venture, be conveyed to the master association. “The Court’s rejection of Quay 1/9’s construction of the Master Declaration is based on a review of all provisions within that contract,” Carroll wrote. “There were no factual findings necessary for the Court to conclude that no provision within the master declaration suggests that Quay Venture at the time it recorded the master declaration had the intent not to commit the air rights more than 14 feet above the roadways to being common areas. The Court concludes that the master declaration plainly and unambiguously included the air rights above Quay Commons within the common areas.” Anticipating Carroll might rule against One Park as proposed, PMG has been working on an alternate plan for separate buildings on the two blocks. “Understanding the ruling from Judge Hunter Carroll could go in either direction, our development team has been working on designs for two buildings on blocks 1 and 9 at The Quay for months,” said PMG Founder and Managing partner Kevin Maloney. “When revealed, these iconic communities will underscore our commitment to redefining luxury living on the West Coast of Florida.” PMG closed on blocks 1 and 9 on Sept. 29, acquiring the property from Quay Venture for $37 million. In his five-point ruling, Carroll wrote: On Nov. 6, 2018, the Master Developer — Quay Venture, LLC — committed all property within The Quay to the provisions of the master declaration. In doing so, Quay Venture defined the common areas to include, among other things, the roadways. This commitment included all air rights above Quay Commons, not just the air rights to a limit of 14 feet above the road’s surface. The original Driveway A and Driveway B, now known as Quay Commons, was developed within the meaning of the master declaration by April 30, 2021. This vested in Block 6 Condominium Association Inc. and its unit owners various rights in the use of both Quay Commons and all its air rights. When Quay Venture and Quay 1 and 9 signed their original agreement on Sept. 13, 2021, for the purchase of Blocks 1 and 9 as well as the air rights above 14 feet over Quay Commons between Blocks 1 and 9, Quay Venture was already under a contractual obligation, as expressed in the master declaration, to convey Quay Commons, including all air rights — not just the air rights to a limit of 14 feet above the road’s surface — to the master association. Quay 1 and 9’s One Park development application improperly and impermissibly contemplates building units between Blocks 1 and 9 above Quay Commons. This cannot occur, as Quay Venture is obligated to convey both the road and all air rights above Quay Commons to the master association. Quay Venture’s efforts to redefine or withdraw the air rights exceeding 14 feet above Quay Common’s road surface is invalid and of no force and effect. "I could not be happier with the findings of the Court," said attorney Morgan Bentley, who represented owners of Ritz-Carlton residences in oppositon to One Park. "The judge obviously gave a great deal of time and thought to his conclusions. I would also like to commend the owners at the Ritz-Carlton. They had to put up with a lot of pressure from this developer to get to this point and should rightfully enjoy the win." Collectively known as Block 6, Ritz-Carlton residents challenged the efficacy of the plan, primarily over the air rights issue above 14 feet. At 123 luxury condominiums, approximately 80 of which were pre-sold, One Park had been designed to plan over Quay Commons at a height above 20 feet over an activated breezeway. Now it’s back to the beginning for a two-building plan on blocks 1 and 9. With all other blocks in The Quay planned, the remaining entitlements PMG may build by right on its two blocks are 150 units. The city will learn what PMG has in mind by the end of the year. “Updated building plans will be released in 2023 and our team is looking forward to presenting the project to the city of Sarasota for administrative approval early in 2024,” said Maloney. “We will offer current One Park buyers the first opportunity to be part of our two new, iconic communities before sales open to the public.”

Siesta Promenade, a New Development That’s Headed to South Sarasota

Thu, 07 Sep 2023 10:29:59 -0400

The project, which will be located at the corner of Stickney Point Road and South Tamiami Trail, will break ground early next year. Article courtesy of Sarasota Magazine Mega-developer Benderson Development is poised to break ground on Siesta Promenade, which will change the face of the gateway to Siesta Key in south Sarasota. And as the project at 6450 S. Tamiami Trail inches toward groundbreaking in 2024, Benderson Development gave us an exclusive look at what’s coming to the long-vacant site. The 24-acre Siesta Promenade project, near the “south bridge,” as locals call it, will start going up early next year. It’s headed to the northwest corner of South Tamiami Trail and Stickney Point Road—“what we believe to be one of the best available corners in the state,” Benderson’s vice-president of retail development Rex Burgher told us all the way back in 2005. The project will comprise a total of 10 retail and restaurant buildings, including a yet-to-be-named grocer. It will have 140,000 square feet of retail space, with a minimum of 7,000 square feet of office space, and an apartment building with 414 units, 25 of which will be affordable. The affordable units will target those earning 80 percent of the area’s annual median income, which amounts to $51,200 for one person, and $73,100 for a household of four. It’s Benderson’s first multifamily development in Sarasota County. Siesta Promenade will also include an 80-foot high, 130-room hotel, which will be larger than any single hotel on nearby Siesta Key, where space for such a dense hotel is limited. The building heights will transition across the property, with the hotel being the highest point. That said, some details as far as the number of levels of each building may shift ahead of groundbreaking, according to Benderson’s marketing director Julie Fanning. The hotel and grocer will be located on Stickney Point; the residences will be located to the north of the project, tucked away from heavier traffic; and some of the retail and restaurant spaces will face the bustling South Trail. Retail and residential will be built in unison and take about two years to complete, and the hotel will follow. “The intent is for the shops and restaurants to be open when residents move in, so they can immediately enjoy the on-site amenities and lifestyle experiences,” says Fanning. Benderson acquired the site in 2005 for $17.1 million. It formerly housed a Shell gas station and the Pine Shores Mobile Home Park, where there were roughly 140 mobile homes. Siesta Promenade was approved by Sarasota County in 2018. “The property was always intended to be a mixed-use development, but the design has evolved over the planning process from a town center to a neighborhood destination with a coastal village feel,” Fanning says. The collection of buildings will feature a variety of architectural styles, from Florida modern to coastal contemporary, “The village environment will be enhanced with landscaping and plenty of inviting outdoor spaces to relax and recharge,” Fanning adds. On Sept. 27, the Sarasota County Commission will vote on a decision on plans to add 39 parallel parking spaces along Glencoe and Crestwood avenues, which are residential roads. That’s a point of contention for nearby residents, but Fanning says that adding the spaces “is one of many traffic-calming measures being considered by Benderson to maintain the neighborhood feel and create a more pedestrian-friendly area.” Opponents, however, say the extra parking does not comply with the stipulations agreed to as part of the county commission’s initial approval of the development, which included a 20-foot landscaped buffer for the neighborhood, instead. Founded in 1949 in Buffalo, New York, Benderson Development’s portfolio includes more than 800 properties and more than 50 million square feet in 40 states, including grocery-anchored centers, warehouse-industrial properties, offices and hotels. In March, Benderson Development opened a Publix at The Landings on U.S. 41 south of Proctor Road, and is also working on Fruitville Farms, a Publix-anchored mixed-use development now underway at the intersection of Fruitville Road and Lakewood Ranch Boulevard. Benderson also recently closed on the former Café Baci restaurant on 4001 S. Tamiami Trail and purchased the Walgreens on the corner of Bee Ridge and Beneva roads. Last year, the company acquired the Sarasota County administration building and surrounding parking lots last year. It plans to redevelop the property by the end of 2025 and build a mixed-use development of residential, office and retail spaces. “Tamiami Trail and Stickney Point Road is the literal gateway to Siesta Key—a world-renowned tourist destination,” Fanning says. “The property had been severely neglected when we acquired it, presenting a tremendous opportunity. When complete, it will be a vibrant destination for both locals and visitors to enjoy.” Original article from Sarasota Magazine

Sarasota Named No. 5 Best Place to Live in U.S.

Thu, 18 May 2023 16:11:06 -0400

Once again, Sarasota has ranked as one of the best places to live in the United States. The U.S. News and World Report magazine analyzed the 150 most populous metro areas to find the best places to live. To make the top of the list, a place had to have good value, be a desirable place to live, have a strong job market and a high quality of life. Top 10 best places to live: Green Bay, WI Huntsville, AL Raleigh & Durham, NC Boulder, CO Sarasota, FL Naples, FL Portland, ME Charlotte, NC Colorado Springs, CO Fayetteville, AR

What Does $740,000 Buy You in Downtown Sarasota?

Thu, 16 Mar 2023 15:19:54 -0400

Curious was $740,000 gets you in Downtown Sarasota? Congratulations to our sellers and their agent Evie Nguyen for closing on a property in the Rivo on Ringling building in downtown Sarasota. This wonderful condo was located at 1771 Ringling Blvd., Unit #1003, Sarasota, FL 34236. The 2 bedroom, 2 bathroom, 1,440 square foot unit was built in 2007 and is located on the 10th floor looking to the north. Property Discription: Experience the height of luxury living at Rivo at Ringling in Sarasota! Rivo at Ringling is a luxury condo community located in downtown Sarasota, Florida. Embrace wonderful city views and breathtaking partial Sarasota Bay views from every angle in this stunning 10th-floor unit offering residents a resort-style living experience with its top-notch amenities and prime location. This furnished unit offers absolutely the best of downtown living with a coastal feel. Inside this 3 bedroom, (2 + den/office) 2 bathroom condominium you will find a natural, bright, and spacious floor plan, recently updated elegant wood flooring, a large open kitchen featuring granite countertops, new hardware on solid wood cabinetry, stainless steel appliances, breakfast bar, large laundry room with extra storage, and breathtaking cityscapes. Enjoy a cup of coffee or a glass of wine while relaxing on the terrace, or entertain guests in the open living and dining area. With its prime location, this living space offers endless opportunities for both relaxation and adventure. Additionally, Rivo at Ringling provides top-notch security features such as controlled access, gated garage parking, and 24-hour surveillance to ensure the safety and comfort of its residents. With its modern finishes and elegant touches, Rivo at Ringling provides the perfect blend of luxury and practicality. Photos of 1771 Ringling Blvd., Unit #1003

New Downtown Sarasota Condo

Mon, 06 Mar 2023 11:58:51 -0500

Mandich Property Group

Fri, 27 Jan 2023 03:07:23 -0500

via Mandich Property Group https://mandich-property-group.business.site/

Are Sarasota Home Prices Falling?

Fri, 20 Jan 2023 16:56:34 -0500

Florida Condo Law Bombshell Could Destroy Some Wallets

Tue, 17 Jan 2023 09:12:45 -0500

Best Places To Live In Florida In 2023

Mon, 16 Jan 2023 14:03:24 -0500

Florida has been a long-time favorite destination for retirees. But in the past few years, working households have been flocking to the state for promising career opportunities, a relatively low cost of living and no state income tax. Not to mention the mild winters and approximate 825 miles of beaches along the Atlantic Ocean and Gulf of Mexico that sprawl across the peninsula and panhandle. If you’re looking for the top places to live in Florida, our guide should make it easier to find your ideal community. We analyzed metro areas by pulling recent data on key lifestyle factors such as median home price, personal income per capita, and the unemployment and crime rates. Note, some government reports provide results by county while others look at the greater metro area, or a combination of counties or cities. We have defined the geographical boundaries for all reports that cover something other than a general metro area. 10. Pensacola Population 53,678 Median home price $401,749 Estimated monthly expenses (two adults, two children) $6,413 Median income $59,199 Unemployment rate 2.6% Community well-being score 55/100 Criminal offenses reported (Escambia County) 10,298 Pensacola is near the beach on the Gulf of Mexico with 50 miles of coastline. It’s also home to a naval air station and the U.S. Navy Blue Angels aerobatic flight demonstration team. Major employment opportunities include financial services, health care, manufacturing and tourism. While Pensacola is Florida’s westernmost city and hours from the state’s other major towns, you can reach Mobile, Alabama, within an hour and New Orleans in three hours. Additionally, Pensacola International Airport serves over 40 destinations. 9. Tallahassee Population 197,102 Median home price $312,500 Estimated monthly expenses $6,522 Median income (City of Tallahassee) $49,077 Unemployment rate 2.7% Community well-being score 54/100 Criminal offenses reported (Leon County) 9,163 Tallahassee is the state capital and home to Florida State University and Florida A&M University. This city can be an excellent option if you desire the college town experience, are a political junkie or want to live in a part of the Florida Panhandle that isn’t swarming with tourists, as the nearest beach is an hour away. Education, health care and state government are the primary employment fields in this midsize metro area. The region is also bringing many tech jobs through the Innovation Park of Tallahassee technology incubator, making it one of the best places in Florida for young adults. 8. Sarasota Population (City of Sarasota) 54,764 Median home price (North Port-Sarasota) $550,000 Estimated monthly expenses (North Port-Sarasota-Bradenton) $7,081 Median income (City of Sarasota) $62,615 Unemployment rate (North Port-Sarasota-Bradenton) 2.6% Community well-being score (North Port-Sarasota-Bradenton) 61/100 Criminal offenses reported (Sarasota County) 7,621 Consider living in Sarasota if you want to live in a central Florida beach town that’s family-friendly and has a sizable local working population. When you need to visit a big city, the bustling Tampa metro area is 60 miles to the north. As a quick comparison, the greater Sarasota metro area has about 750,000 residents while the greater Tampa consists of almost 3 million. Job opportunities in Sarasota include health care, manufacturing and insurance. Full-time residents typically enjoy Siesta Beach and Lido Key. Sarasota is also the center of Florida’s Cultural Coast with two art museums along with ballet and opera performances. 7. Melbourne Population (City of Melbourne) 85,064 Median home price (Palm Bay-Melbourne) $394,450 Estimated monthly expenses (Palm Bay-Melbourne-Titusville) $6,641 Median income (City of Melbourne) $51,934 Unemployment rate (Palm Bay-Melbourne-Titusville) 2.6% Community well-being score (Palm Bay-Melbourne-Titusville) 56/100 Criminal offenses reported (Brevard County) 12,950 Melbourne is part of the Florida “Space Coast” that many tourists visit for year-round rocket launches and beach vacations. Full-time residents can find employment opportunities in aerospace and manufacturing offering comfortable salaries. The Palm Bay-Melbourne metro area is conveniently located on the Atlantic seaboard with easy beach access. One cultural highlight is the Eau Gallie Arts District. Geographically, it’s the midpoint between Jacksonville and Miami, and Orlando is roughly one hour away. 6. Greater Miami Area Population (Miami-Dade County) 2,662,777 Median home price (Miami-Ft. Lauderdale) $617,000 Estimated monthly expenses (Miami-Dade County) $7,549 Median income (Miami-Dade County) $57,815 Unemployment rate (Miami-Ft. Lauderdale-West Palm Beach) 2.1% Community well-being score (Miami-Dade County) 64/100 Criminal offenses reported (Miami-Dade and Broward counties) 126,811 Miami is arguably the most vibrant Florida city with amazing beaches, colorful buildings, an electrifying nightlife along with a prominent presence of Caribbean and Latin American cultures. The city is also famous for its art and fashion exhibitions. Since Miami is Florida’s largest metro area with more than 6 million residents, there are many job opportunities. Aviation, finance, international trade, health care and tourism are the primary employment sectors. Not everyone will enjoy living in the Miami metro area as it’s expensive, has a relatively high crime rate and a tropical monsoon climate. But Florida first-time homebuyer programs in Broward and Miami-Dade counties can help newcomers handle the high cost of housing. 5. Orlando Population (City of Orlando) 309,154 Median home price (Orlando-Kissimmee-Sanford) $308,493 Estimated monthly expenses (Orlando-Kissimmee-Sanford) $7,077 Median income (City of Orlando) $58,968 Unemployment rate (Orlando-Kissimmee-Sanford) 2.7% Community well-being score (Orlando-Kissimmee-Sanford) 59/100 Criminal offenses reported (Orange County) 39,690 Orlando is the most prominent city in central Florida, largely due to its major tourist attractions like Disney and Universal Studios. But it’s more than just a destination for tourists and work conferences. Biotech, information technology and health care are other booming sectors in Orlando which help make it one of the best places in Florida for young adults. Locals can also enjoy many cultural and performing arts events. This metropolis is about an hour from the Atlantic beach cities of Cocoa Beach and Daytona Beach when you need a change of scenery. 4. Cape Coral Population 204,510 Median home price $479,000 Estimated monthly expenses $7,001 Median income $61,780 Unemployment rate 2.7% Community well-being score 56/100 Criminal offenses reported (Lee County) 10,218 Cape Coral—part of the Fort Myers metro area—is popular as it’s situated on the Gulf and has a low crime rate. Locals enjoy exploring the freshwater lakes and canals, and lounging on a sandy saltwater beach. Biotech, marine and medical are target industries for Cape Coral. Several corporations also operate call centers and back-office operations from the region. 3. Jacksonville Population 954,614 Median home price $429,000 Estimated monthly expenses $6,594 Median income $55,531 Unemployment rate 2.8% Community well-being score 59/100 Criminal offenses reported (Duval County) 34,452 While Jacksonville holds the honor of being Florida’s largest city by land mass, its combined metro area population is smaller than that of Miami or Tampa. You can enjoy big city conveniences and live on the Atlantic Ocean—yet the living costs are relatively affordable. Banking, health care and transportation are the seven-county metro area’s biggest employment opportunities. The city is also home to one of the nation’s three Mayo Clinics and offers access to many of Florida’s best banks. 2. Gainesville Population (City of Gainesville) 140,398 Median home price $359,500 Estimated monthly expenses $6,697 Median income (City of Gainesville) $40,937 Unemployment rate 2.6% Community well-being score 64/100 Criminal offenses reported (Alachua County) 8,714 Gainesville is an excellent place for families as the living costs are low and the population is relatively small with a low crime rate. The city is also home to the University of Florida, the Florida Museum of Natural History and Kika Silva Pla Planetarium. There are several state parks, hiking trails and bike paths to explore as well. For more adventure, Jacksonville and Orlando are each approximately 90 minutes away to enjoy beaches, theme parks and big-city amenities. 1. Tampa Population (City of Tampa) 387,050 Median home price (Tampa-St. Petersburg) $437,000 Estimated monthly expenses (Tampa-St. Petersburg-Clearwater) $6,941 Median income (City of Tampa) $59,893 Unemployment rate 2.6% Community well-being score (Tampa-St. Petersburg-Clearwater): 59/100 Criminal offenses reported (Hillsborough County) 20,705 Tampa-St.Petersburg-Clearwater has many positive aspects for young adults and families. First, there are several pristine beaches on the Gulf of Mexico. The area is also home to major sports teams, history museums, platforms promoting the arts and impressive public transportation options. Tampa has experienced an influx of employers across industries, from advanced manufacturing to financial services and life sciences. Tourism and MacDill Air Force Base also play pivotal roles. While Tampa offers everything you need for daily life, Orlando is also a two-hour drive and Miami is only four hours away.

Holiday Events in Sarasota, Florida

Mon, 09 Jan 2023 13:08:08 -0500

Sarasota Holiday Events We can hear the bells ringing! Sarasota Christmas Tree Lighting
The annual tree lighting event will take place Thursday, December 1st from 6 – 8 PM in Selby Five Points Park, located across the street from the Selby Public Library. Enjoy refreshments, music, and photos with Santa! The Christmas Tree will be lit at 7 PM where photos can be taken.
Learn More Deck the Halls
Location: Florida Studio Theatre. A brand-new rendition of everything that makes Christmas and Hanukkah in Sarasota special. With all-new songs and sketches, audiences should get ready to celebrate the holidays – Florida style – palm trees with decorations, swimming in the sea, sand snowmen, and more. An annual Sarasota holiday tradition, Deck the Halls invites families to get into the holiday spirit and join in on the fun at this interactive family show.
Learn More A Christmas Carol
Location: Van Wezel Performing Arts Center. This celebrated Charles Jones adaptation of Charles Dickens' A CHRISTMAS CAROL from Nebraska Theatre Caravan is rich with thrilling ensemble music, alive with color and movement and is created to tell this enduring tale in a manner that everyone will enjoy. Woven throughout this classic tale are beautiful arrangements of holiday songs. Featuring a cast of 23 performers, live musicians, and Broadway-style scenery and costumes, audiences will cherish this holiday classic.
Learn More Christmas on Main
Bring your family to Lakewood Ranch Main Street on December 23 from 4-8pm for the biggest Christmas party in town. Come celebrate the season with free games, rides, photo booths and attractions for the whole family and a special candlelight service. Santa himself will even be there!
Learn More Lights in Bloom: An Open-air Holiday Light Show
Lights in Bloom®: An Open-Air Holiday Light Show features more than two million lights illuminating the gardens and walkways. Don’t miss a holiday photo opportunity, children’s arts and crafts, activities, and entertainment.
Learn More Sarasota Christmas Glow Run 5K
Location: Nathan Benderson Park. This professionally chip timed night glow run will be a memorable experience like no other. Athletes run or walk the lakeside Christmas themed course with thousands of lights and lighted characters at night. Athletes add to the atmosphere with their complimentary glow products that are included with registration.
Learn More Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Group LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. If your property is currently listed with a Realtor or agent, please disregard this notice. It is not our intention to solicit the offerings of other Brokers. ©2022 The Corcoran Group. All Rights Reserved.

Marietta Property Group Posts New Blog that Gives Tips on Selling a Home Fast

Mon, 09 Jan 2023 07:37:53 -0500

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Mandich Property Group Explains What to Do When Selling a Home Without Realtor

Wed, 28 Dec 2022 12:12:38 -0500

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Georgia Mandich Property Group Article Discusses How AI Is Changing the Real Estate Industry

Tue, 20 Dec 2022 08:01:49 -0500

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Mandich Property Group Explains What Sellers Need to do to Sell a Home Quickly in Georgia

Fri, 09 Dec 2022 07:48:02 -0500

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Britney Spears Sells Penthouse Condo in Destin, Florida

Wed, 07 Dec 2022 14:51:10 -0500

Britney Spears sells her penthouse residence for $2,251,000. It was listed by Destin real estate experts - Corcoran Reverie. The pop queen sold the three-bedroom, three-bath property that she bought for $920,000 in 2001. In 2015 a fan asked Brittney's sister, Jamie Lynn what her favorite vacation spot was and she tweted "We have a condo in Destin, Florida, and it's the best getaway!" The unit was listed by Rob Augustine at Corcoran Reverie. Taking up over half of the tenth floor, this unit provides direct views of Emerald Coast. Upon entry, guests are greeted by 10-foot ceilings, white marble flooring, and four grand towering columns. The expansive main living and dining areas overlook an 180-degree view of beautiful turquoise waters. The living area features a wood burning fireplace and wet-bar along with stunning sunsets over the Emerald Coast each night. Click Here to View More Photos

Mandich Property Group Explains What Sellers Need To Know About Companies That Buy Houses

Fri, 02 Dec 2022 06:43:36 -0500

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Mandich Property Group Answers the Question If Homeowners Should Sell House As Is

Tue, 29 Nov 2022 07:07:12 -0500

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October Stats - Prices Up/Sales Drop

Mon, 28 Nov 2022 15:23:12 -0500

October 2022 real estate statistics arrived. Below are Sarasota and Manatee county data for homes and condos. Prices continue to remain high, while the number of sales have declined. Inventories have increased dramatically on a percentage basis, but we are still in a sellers market with around 2 months of inventory.

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Thu, 17 Nov 2022 15:40:48 -0500

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Mandich Property Groups Explains How We Buy Houses Works

Thu, 17 Nov 2022 07:07:17 -0500

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St. Petersburg, FL/Clearwater Median Incomes by Zip Code

Wed, 16 Nov 2022 14:33:01 -0500

Recently, I wrote an article about Sarasota/Bradenton median incomes by zip code. I thought it would be interesting to see Pinellas county (St. Petersburg, Clearwater, Dunedin, Tierra Verde, St. Pete Beach, Pass-a-Grille) median incomes by zip code. All figures were pulled from IncomeByZipCode.com. Zip Code 2020 Median Household Income 33701 $46,786 33702 $54,196 33703 $87,032 33704 $84,295 33705 $56,914 33706 $76,277 33707 $51,861 33708 $63,351 33709 $45,276 33710 $61,970 33711 $52,902 33712 $51,569 33713 $58,830 33714 $36,130 33715 $93,877 33716 $55,063 33755 $42,389 33756 $45,521 33759 $53,611 33760 $50,486 33761 $57,232 33762 $67,134 33764 $53,416 33765 $48,400 33767 $87,340 33770 $47,908 33771 $47,114 33772 $60,843 33773 $59,305 33774 $63,370 33776 $78,596 33777 $76,278 33778 $50,774 33781 $43,692 33782 $57,150 33785 $73,786 34677 $69,861 34683 $70,375 34684 $56,682 34685 $77,020 34688 $84,017 34689 $51,753 34695 $83,020 34698 $51,432 If you want to see what homes are available in these areas just use our zip code property search and then type in the zip code. Contact us if we can help you buy or sell in Sarasota, Bradenton, St. Petersburg or Tampa.

Sarasota/Bradenton Incomes by Zip Code

Wed, 16 Nov 2022 14:04:37 -0500

In 2020 I wrote a post detailing the median incomes and average home prices for each Sarasota/Bradenton zip code. You can read it here - Sarasota/Bradenton Incomes by Zip Code. My prior post contained data obtained in 2016. Below I updated the median household income using 2020 data. All figures were pulled from IncomeByZipCode.com. It interesting to see that the zip code with the highest median income is 34211. Zip Code 2020 Median Household Income 2016 Median Household Income % Change 34211 $127,000 $91,213 39% 34242 $111,653 $92,251 21% 34228 $108,015 $87,201 24% 34202 $103,226 $93,182 11% 34201 $96,824 $91,524 6% 34240 $94,046 $81,025 16% 34212 $92,847 $95,281 -3% 34219 $85,477 $77,375 10% 34241 $83,882 $69,324 21% 34236 $80,761 $53,420 51% 34238 $78,912 $62,025 27% 34232 $69,075 $57,451 20% 34233 $66,469 $56,387 18% 34243 $64,853 $59,677 9% 34209 $63,629 $54,197 17% 34217 $62,159 $52,334 19% 34239 $59,010 $52,442 13% 34235 $58,879 $53,333 10% 34231 $56,096 $49,242 14% 34203 $52,186 $48,709 7% 34237 $51,502 $42,402 21% 34210 $50,621 $44,409 14% 34208 $50,050 $41,977 19% 34205 $46,190 $34,974 32% 34234 $41,933 $33,354 26% 34207 $39,549 $36,528 8% 34215 $27,444 $74,228 -63% If you want to see what homes are available in these areas just use our zip code property search and then type in the zip code. Contact us if we can help you buy or sell in Sarasota, Bradenton, St. Petersburg or Tampa.

Mandich Property Group

Wed, 09 Nov 2022 12:45:42 -0500

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Mandich Property Group Is Guiding Georgia Homeowners on Selling a Home Without an Agent

Wed, 09 Nov 2022 05:37:28 -0500

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Mandich Property Group

Mon, 31 Oct 2022 13:30:56 -0400

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Mandich Property Group Offers Tips on Selling a House Fast for Cash in Dallas GA

Mon, 31 Oct 2022 08:07:40 -0400

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Corcoran Dwellings 1st Annual Howl-O-Ween Costume Pawty

Fri, 28 Oct 2022 14:42:46 -0400

Yesterday, we hosted our 1st annual Howl-O-Ween Costume Pawty. We had a great time with all of the puppies in our office. Happy Halloween!

Mandich Property Group

Tue, 25 Oct 2022 16:21:52 -0400

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Wall Street Journal/Realtor.com’s Rankings of Fall Emerging Housing Markets Index

Tue, 25 Oct 2022 14:48:23 -0400

Below is an article from the Wall Street Journal with their 2022 rankings of how metro areas across America stack up. You can read the original article here. It is refreshing to see our metro areas North Port-Sarasota-Bradenton rank #4 and Tampa-St. Petersburg-Clearwater rank #11. Home-buying demand remained robust in low-cost cities but rising mortgage rates have made most home purchases less affordable, pushing many buyers out of the market. Homes are sitting on the market longer, and more sellers are cutting prices. The WSJ/Realtor.com Emerging Housing Markets Index Fall 2022 Metro areas are ranked according to real-estate market data and economic health. Ranking is as of October 2022. RANK CHANGE AREA STATE 1 ▲ Johnson City TN 2 ▲ Visalia-Porterville CA 3 ▼ Elkhart-Goshen IN 4 ▲ North Port-Sarasota-Bradenton FL 5 ▼ Fort Wayne IN 6 ▲ Lafayette-West Lafayette IN 7 ▲ Columbia SC 8 ▲ Columbia MO 9 ▼ Raleigh NC 10 ▲ Yuma AZ 11 ▲ Tampa-St. Petersburg-Clearwater FL 12 ▲ Cape Coral-Fort Myers FL 13 ▲ Nashville-Davidson--Murfreesboro--Franklin TN 14 ▲ Colorado Springs CO 15 ▼ Burlington NC 16 ▲ Naples-Immokalee-Marco Island FL 17 ▲ Fayetteville-Springdale-Rogers AR-MO 18 ▲ Orlando-Kissimmee-Sanford FL 19 ▼ Topeka KS 20 ▲ Columbus OH 21 ▲ Savannah GA 22 ▲ Boston-Cambridge-Newton MA-NH 23 ▲ Coeur D'Alene ID 24 ▲ Hickory-Lenoir-Morganton NC 25 ▲ Knoxville TN 26 ▲ Port St. Lucie FL 27 ▼ Portland-South Portland ME 28 ▼ Huntsville AL 29 ▼ Manchester-Nashua NH 30 ▲ Fresno CA 31 ▼ Santa Maria-Santa Barbara CA 32 ▼ San Jose-Sunnyvale-Santa Clara CA 33 ▼ Boulder CO 34 ▲ Springfield MO 35 ▲ Bakersfield CA 36 ▼ Kingsport-Bristol-Bristol TN-VA 37 ▲ Amarillo TX 38 ▲ Denver-Aurora-Lakewood CO 39 ▼ Billings MT 40 ▼ Durham-Chapel Hill NC 41 ▼ Santa Cruz-Watsonville CA 42 ▲ Sacramento--Roseville--Arden-Arcade CA 43 ▲ Grand Junction CO 44 ▼ Jefferson City MO 45 ▼ Pensacola-Ferry Pass-Brent FL 46 ▼ Charlotte-Concord-Gastonia NC-SC 47 ▼ Fort Collins CO 48 ▼ San Luis Obispo-Paso Robles-Arroyo Grande CA 49 ▲ Wichita Falls TX 50 ▲ Las Vegas-Henderson-Paradise NV 51 ▼ Oxnard-Thousand Oaks-Ventura CA 52 ▲ Louisville/Jefferson County KY-IN 53 ▲ Sebastian-Vero Beach FL 54 ▲ Charleston-North Charleston SC 55 ▲ Chattanooga TN-GA 56 ▼ Worcester MA-CT 57 ▲ Joplin MO 58 ▼ Elizabethtown-Fort Knox KY 59 ▲ Providence-Warwick RI-MA 60 ▼ Vallejo-Fairfield CA 61 ▼ Yuba City CA 62 ▲ The Villages FL 63 ▼ Salinas CA 64 ▼ Wilmington NC 65 ▼ Punta Gorda FL 66 ▼ Rapid City SD 67 ▲ Myrtle Beach-Conway-North Myrtle Beach SC-NC 68 ▼ Concord NH 69 ▲ Springfield MA 70 ▼ Janesville-Beloit WI 71 ▼ Waco TX 72 ▲ Kahului-Wailuku-Lahaina HI 73 ▼ Spokane-Spokane Valley WA 74 ▼ Modesto CA 75 ▲ Sioux City IA-NE-SD 76 ▼ Stockton-Lodi CA 77 ▲ Deltona-Daytona Beach-Ormond Beach FL 78 ▼ Tyler TX 79 ▲ Dallas-Fort Worth-Arlington TX 80 ▼ Reno NV 81 ▲ South Bend-Mishawaka IN-MI 82 ▲ Lubbock TX 83 ▲ Phoenix-Mesa-Scottsdale AZ 84 ▲ College Station-Bryan TX 85 ▲ Yakima WA 86 ▼ La Crosse-Onalaska WI-MN 87 ▼ Lakeland-Winter Haven FL 88 ▼ Austin-Round Rock TX 89 ▲ Evansville IN-KY 90 ▲ Norwich-New London CT 91 ▲ San Diego-Carlsbad CA 92 ▼ Bellingham WA 93 ▼ Hilton Head Island-Bluffton-Beaufort SC 94 ▲ Asheville NC 95 ▼ Dayton OH 96 ▼ Eureka-Arcata-Fortuna CA 97 ▼ Appleton WI 98 ▼ Pueblo CO 99 ▲ Hartford-West Hartford-East Hartford CT 100 ▼ Longview TX 101 ▲ Jacksonville FL 102 ▲ San Francisco-Oakland-Hayward CA 103 ▼ Rochester NY 104 ▼ Ogden-Clearfield UT 105 ▼ Homosassa Springs FL 106 ▲ Memphis TN-MS-AR 107 ▲ Spartanburg SC 108 ▲ Boise City ID 109 ▼ Gainesville GA 110 ▼ Ocala FL 111 ▲ Seattle-Tacoma-Bellevue WA 112 ▲ Roanoke VA 113 ▲ Oshkosh-Neenah WI 114 ▲ Little Rock-North Little Rock-Conway AR 115 ▲ Clarksville TN-KY 116 ▲ Tucson AZ 117 ▲ Lancaster PA 118 ▼ Salt Lake City UT 119 ▲ Omaha-Council Bluffs NE-IA 120 ▲ Wichita KS 121 ▼ Burlington-South Burlington VT 122 ▼ Killeen-Temple TX 123 ▲ Lebanon PA 124 ▲ Allentown-Bethlehem-Easton PA-NJ 125 ▼ Greenville NC 126 ▲ Albuquerque NM 127 ▲ Los Angeles-Long Beach-Anaheim CA 128 ▼ New Haven-Milford CT 129 ▼ Kennewick-Richland WA 130 ▲ Grand Rapids-Wyoming MI 131 ▲ Rochester MN 132 ▲ Fayetteville NC 133 ▲ Milwaukee-Waukesha-West Allis WI 134 ▲ Panama City FL 135 ▲ Lynchburg VA 136 ▼ Palm Bay-Melbourne-Titusville FL 137 ▼ Athens-Clarke County GA 138 ▲ Indianapolis-Carmel-Anderson IN 139 ▼ Santa Fe NM 140 ▲ Redding CA 141 ▲ Fort Smith AR-OK 142 ▲ Green Bay WI 143 Greenville-Anderson-Mauldin SC 144 ▼ Prescott AZ 145 ▼ Wausau WI 146 ▼ Olympia-Tumwater WA 147 ▼ Jacksonville NC 148 ▲ Portland-Vancouver-Hillsboro OR-WA 149 ▼ Blacksburg-Christiansburg-Radford VA 150 ▼ Eugene OR 151 ▼ Santa Rosa CA 152 ▼ Decatur AL 153 ▲ Eau Claire WI 154 ▲ Cincinnati OH-KY-IN 155 ▲ Jackson MS 156 ▼ Provo-Orem UT 157 ▼ Winston-Salem NC 158 ▼ Bremerton-Silverdale WA 159 ▲ Tallahassee FL 160 ▼ Crestview-Fort Walton Beach-Destin FL 161 ▼ Madison WI 162 ▼ Racine WI 163 ▼ Canton-Massillon OH 164 ▲ Lake Havasu City-Kingman AZ 165 ▲ Mobile AL 166 ▼ Riverside-San Bernardino-Ontario CA 167 ▼ Chico CA 168 ▼ Greeley CO 169 ▼ Salem OR 170 ▲ Gainesville FL 171 ▲ Rockford IL 172 ▼ Greensboro-High Point NC 173 ▲ Springfield IL 174 ▼ Barnstable Town MA 175 ▲ Virginia Beach-Norfolk-Newport News VA-NC 176 ▲ Scranton--Wilkes-Barre--Hazleton PA 177 ▼ Akron OH 178 ▲ Bridgeport-Stamford-Norwalk CT 179 ▲ Huntington-Ashland WV-KY-OH 180 ▲ Columbus GA-AL 181 ▲ Laredo TX 182 ▲ Duluth MN-WI 183 ▲ Minneapolis-St. Paul-Bloomington MN-WI 184 ▲ Richmond VA 185 ▼ Merced CA 186 ▼ Claremont-Lebanon NH-VT 187 ▼ Anchorage AK 188 ▼ Kalamazoo-Portage MI 189 ▲ Cedar Rapids IA 190 ▼ Auburn-Opelika AL 191 ▼ Harrisburg-Carlisle PA 192 ▲ Washington-Arlington-Alexandria DC-VA-MD-WV 193 ▲ Birmingham-Hoover AL 194 ▲ Gulfport-Biloxi-Pascagoula MS 195 ▼ Bowling Green KY 196 ▼ Atlanta-Sandy Springs-Roswell GA 197 ▲ Detroit-Warren-Dearborn MI 198 ▲ Lansing-East Lansing MI 199 ▼ State College PA 200 ▼ Abilene TX 201 ▼ Sioux Falls SD 202 ▲ Texarkana TX-AR 203 ▼ Toledo OH 204 ▲ Miami-Fort Lauderdale-West Palm Beach FL 205 ▼ Springfield OH 206 ▼ Traverse City MI 207 ▲ El Paso TX 208 ▲ Tulsa OK 209 ▲ Hilo HI 210 ▼ Dothan AL 211 ▲ Oklahoma City OK 212 ▼ Bloomington IN 213 ▼ Monroe MI 214 ▼ Bend-Redmond OR 215 ▲ Salisbury MD-DE 216 ▲ Bismarck ND 217 ▲ San Antonio-New Braunfels TX 218 ▼ Hagerstown-Martinsburg MD-WV 219 ▲ York-Hanover PA 220 ▼ Rocky Mount NC 221 ▲ Waterloo-Cedar Falls IA 222 ▲ St. Louis MO-IL 223 ▼ Saginaw MI 224 ▼ St. Cloud MN 225 ▼ Warner Robins GA 226 ▼ Chambersburg-Waynesboro PA 227 ▲ Florence-Muscle Shoals AL 228 ▲ Monroe LA 229 ▲ Medford OR 230 ▲ Florence SC 231 ▲ Las Cruces NM 232 ▼ Ann Arbor MI 233 ▼ Erie PA 234 ▲ Macon GA 235 ▲ Brownsville-Harlingen TX 236 ▼ Terre Haute IN 237 ▼ Reading PA 238 ▲ Trenton NJ 239 ▼ Niles-Benton Harbor MI 240 ▼ Morgantown WV 241 ▼ Augusta-Richmond County GA-SC 242 ▲ Lexington-Fayette KY 243 ▲ Cleveland-Elyria OH 244 ▲ Kansas City MO-KS 245 ▼ Youngstown-Warren-Boardman OH-PA 246 ▼ Dover DE 247 ▼ Daphne-Fairhope-Foley AL 248 ▼ Hattiesburg MS 249 ▼ Montgomery AL 250 ▲ Houston-The Woodlands-Sugar Land TX 251 ▲ Charleston WV 252 ▲ Tupelo MS 253 ▼ Albany GA 254 ▲ Urban Honolulu HI 255 ▼ Muskegon MI 256 ▲ New Orleans-Metairie LA 257 ▲ Binghamton NY 258 ▼ Battle Creek MI 259 ▲ Des Moines-West Des Moines IA 260 ▼ Lincoln NE 261 ▼ Charlottesville VA 262 ▼ Bloomington IL 263 ▼ Bangor ME 264 ▼ Buffalo-Cheektowaga-Niagara Falls NY 265 ▲ Alexandria LA 266 ▼ East Stroudsburg PA 267 ▼ Wheeling WV-OH 268 ▼ Pottsville PA 269 ▼ Torrington CT 270 ▲ Midland TX 271 ▼ Peoria IL 272 ▼ Fargo ND-MN 273 ▲ Corpus Christi TX 274 Beaumont-Port Arthur TX 275 ▼ Baltimore-Columbia-Towson MD 276 ▲ Iowa City IA 277 ▲ Philadelphia-Camden-Wilmington PA-NJ-DE-MD 278 ▼ Johnstown PA 279 Chicago-Naperville-Elgin IL-IN-WI 280 ▲ Davenport-Moline-Rock Island IA-IL 281 ▲ Syracuse NY 282 ▼ Houma-Thibodaux LA 283 ▼ Baton Rouge LA 284 ▲ Pittsburgh PA 285 ▼ Atlantic City-Hammonton NJ 286 ▼ Lafayette LA 287 ▼ Flint MI 288 ▲ McAllen-Edinburg-Mission TX 289 ▲ Lake Charles LA 290 ▼ Tuscaloosa AL 291 ▼ Pittsfield MA 292 ▼ Ottawa-Peru IL 293 ▲ Albany-Schenectady-Troy NY 294 ▼ Champaign-Urbana IL 295 Kingston NY 296 ▲ Odessa TX 297 ▲ Shreveport-Bossier City LA 298 ▼ Utica-Rome NY 299 ▼ Jackson MI 300 New York-Newark-Jersey City NY-NJ-PA Methodology To identify the top emerging housing markets, the Journal and Realtor.com reviewed data for the 300 most populous core-based statistical areas, as measured by the U.S. Census Bureau. (Note: The Journal and Realtor.com are both owned by parent company News Corp.) The overall methodology explores two main areas: real-estate markets (50%) and economic health (50%). Those two areas comprise the following key indicators: Real-Estate Supply (16.6%) Measures the relative scarcity of real estate for sale in a market compared with others based on real-estate listings’ median number of days on the market. Markets with a high supply score have relatively few days on the market compared with other areas. That relatively limited supply is likely to lead to home-price growth. In contrast, markets with a low supply score have more days on the market compared with other areas, indicating that relatively abundant supply will help alleviate pressure on home prices. (Source: Realtor.com) Real-Estate Demand (16.6%) Measures the relative abundance of real-estate demand in a market compared with other markets based on the average number of unique viewers per real-estate listing. Markets with a high demand score have a relatively large number of unique viewers per home. That abundant buyer demand is likely to lead to home-price growth. In contrast, markets with a low demand score have a smaller number of unique viewers per real-estate listing, indicating that more-limited buyer demand will help curb upward pressure on home prices. (Source: Realtor.com) Median Home Listing Price Trend (16.6%) Measures recent home-price performance compared with other markets based on typical asking prices for real-estate listings that are active on Realtor.com. Unemployment (6.25%) Measures the relative health of the local job market. Data consists of the estimated percentage of the civilian noninstitutional population 16 years of age and older who weren’t employed during the reference period. The seasonally adjusted series is used in the index. (Source: U.S. Bureau of Labor Statistics) Wages (6.25%) Measures the relative quality of employment in the area in terms of total wages. Data consists of the median usual weekly earnings of full-time wage and salary workers, before taxes and other deductions, including any overtime pay, commissions or tips. Doesn’t include self-employed workers. (Source: U.S. Bureau of Labor Statistics) Regional Price Parities (6.25%) Measures how expensive it is to live and work in a metro area. RPP consists of differences in price levels across metropolitan areas for a given year, expressed as a percentage of the overall national price level. RPP covers all consumer goods and services, including housing rents. (Source: U.S. Bureau of Economic Analysis) Amenities (6.25%) Measures livability of an area in terms of available amenities, as represented by chain stores known for “everyday splurge” purchases, a signal of discretionary consumer income. Data consists of the number of Starbucks, Whole Foods and Trader Joe’s locations within the area, per capita. (Source: WSJ analysis of publicly available store locations) Commute (6.25%) Measures quality of life in terms of how long residents have to spend every day getting to and from work. Data consists of average one-way travel time among workers ages 16 years and older who didn’t work from home. (Source: U.S. Census Bureau) Foreign-Born Residents (6.25%) Measures the economic health and diversity of an area as represented by the portion of the populace that was born outside the U.S. Studies indicate a strong correlation between the economic vitality of a region and the number of foreign-born residents. (Source: U.S. Census Bureau) Small Businesses (6.25%) Measures the economic health and diversity of an area as represented by small-business activity. Data consists of the number of granted SBA 7(a) loans per capita. (Source: U.S. Small Business Administration) Property Taxes (6.25%) Measures real-estate taxes based on median home price. Areas with higher effective real-estate taxes are ranked lower while areas with lower effective real-estate taxes are ranked higher. (Source: U.S. Census Bureau) Final Score Each indicator is indexed to normalize the data, and a composite score is produced by adding those values for each geography. The sums are sorted to produce the final ranking. If two or more U.S. metropolitan areas tie in their final score, then the Real-Estate Demand indicator is used to break the tie. Write to Inti Pacheco at inti.pacheco@wsj.com

Mandich Property Group Explains How to Find a Reputable House Buying Company

Tue, 25 Oct 2022 08:27:59 -0400

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Mandich Property Group

Thu, 20 Oct 2022 20:15:49 -0400

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September 2022 Real Estate Market Update

Thu, 20 Oct 2022 16:23:17 -0400

September 2022 real estate statistics are in. Below you will find changes in median sales price, closed sales, months of supply and dollar volume from September 2021 to September 2022 for Sarasota, Manatee, Pinellas and Hillsborough counties.

Mandich Property Group Discusses the Many Pros and Cons of a Selling Home for Cash

Thu, 20 Oct 2022 08:21:16 -0400

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Mandich Property Group

Thu, 13 Oct 2022 08:26:35 -0400

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Mandich Property Group: Selling A Home By Owner Fast

Thu, 13 Oct 2022 08:23:43 -0400

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Georgia-based Cash Home Buyer Mandich Property Group Recommends Methods to Sell a Home Fast

Thu, 06 Oct 2022 07:28:17 -0400

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Mandich Property Group

Wed, 05 Oct 2022 21:06:21 -0400

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