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State of the Market: Brokers Prepare for 'Second Wave' — RISMedia

State of the Market: Brokers Prepare for 'Second Wave' — RISMedia
rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.

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Why luxury housing market in Sarasota-Manatee, around the US is booming

Experts say the market’s strength can be attributed to a series of factors, including an increase in cash sales and the use of escalation clauses in sales contracts as buyers seek to make sure they get their house. COVID-19 is also a factor, as well as a massive wave of baby boomers retiring at once.
And while the market is strong now, some experts say this might be just the beginning. As more people discover Sarasota and tell their friends about their new hometown, there could be more waves of new buyers in the near future.
So many multimillion-dollar homes are being sold that local real estate professionals have started to look at “luxury” as anything over $3 million, as opposed to the usual $1 million. ....

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Residents weigh in on future of Longboat Pass Bridge | Longboat Key

8 hours ago
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State transportation officials begin hearing from residents on an approach to take in replacing or fixing up the Longboat Pass bridge.
It will take years for the Florida Department of Transportation to replace the Longboat Pass Bridge, if ever. But those long-term possibilities, outlined recently at a public forum, haven’t stopped north-end Longboat Key residents from offering their perspectives on what they’d like to see.
Drayton Saunders owns the landmark property at 7300 Gulf of Mexico Drive, overlooking the drawbridge from the east.
“My primary concern is about [the] right-of-way, the impact to our property and any chance it downgrades the value and kind of condition of us being a homeowner next to that bridge,” he said. No further financing or planning is in place. ....

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A generational decision | Sarasota

3 weeks ago
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Where the Sarasota Orchestra lands will be a pivotal influence on the city of Sarasota’s cultural future.
Oh, what a dilemma: Finding a home for the Sarasota Orchestra and for Sarasota’s many other fine community music groups. A home that could be, should be, a premier music performing center.
When you put serious thought into this issue, it’s not just some simple site search. In the grander scheme, this issue should be regarded as one of the most important generational decisions facing the city of Sarasota at this particular moment.
It is not exaggerating to say where the orchestra lands will have a pivotal influence on the future of the city as the epicenter of the region’s philanthropy and the arts and its bragging rights as the cultural capital of Florida. ....

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BUSINESS BUZZ: Michael Saunders celebrates $3.49 billion in sales in 2020

Sarasota Herald-Tribune
The nearly 700 agents and 200 support staff of
Michael Saunders & Company gathered virtually on Feb. 4 for the annual company meeting, where they celebrated its 45th anniversary, a record-breaking annual sales volume and its largest
MSC Foundation grant distribution.
Following a strong start to 2020, the market came to an abrupt halt due to the COVID-19 pandemic, causing a shelter-in-place order, only to later experience a robust rebound, resulting in the company’s $3.49 billion in annual sales volume, a commanding market share of 24.1% in the luxury market, and 12.4% in the overall, all-price-point market.
Now entering a yearlong anniversary celebration, the company kicked off 2021 with a virtual event of keynote speakers, including Josh Linkner, a tech entrepreneur and bestselling author, Bonnie St. John, a Paralympian and “one of the most inspiring women in America,” according to NBC News, and upbeat Motown musical interlud ....

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