Blog

Aug
21
Aug
09
Which Two Florida Cities are 2 of the Fastest Growing Suburbs in the U.S.?

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Manifest Destiny...westward expansion. The sound of it just takes me back to those good 'ol days of my 7th-grade history class! You don't remember? In short, the "new" Americans were pulling their roots out of the more populated cities and towns of the east and moving west. Moving west in search of economic opportunity, land ownership...and freedom. It started small, but by 1840, nearly half (40%) of our nation's population lived in the trans-Appalachian west. The suburbs were getting busy! Fast forward to modern day America and it would appear as though we may have another expansion occurring. Only this time, Americans are heading south.


You don't have to live in Florida to know that Flori...


Aug
08
The Best U.S. Markets to Invest in Rental Properties in 2018

Ever get tired of hearing people go on and on about “Location, location, location!”, whenever real estate comes up in any given conversation? Yet most real estate investors never look much further beyond their own backyard, when deciding where to invest. Millions of Americans invest in rental real estate, and they all have the same goal in common: to make money. Location is the only factor that you cannot change once you buy a rental property. While you can do repairs to improve the quality and look of your rental property, there is nothing you can do about the location of your investment. "Your real estate property is where it is, and you can’t take it and move it somewher...


Jul
02
Florida- Top 5 Beach Towns

There’s very little in this world that is more appealing than the quaint and relaxing feel of a beach town. Nothing can quite compare to the salty charms of coastal living. With wind in your hair, the warmth of the sun on your skin, and the crashing of blue waves onto sandy shores, what more could anyone possibly want? With warm weather year-round and a booming housing market, Florida coastal cities have become one of the most coveted and popular moving destinations. But between all the bountiful beach towns in the United States, which ones take the coastal crown?

A 2018 WalletHub study of 58 metrics ranging from housing costs to the share of waterfront homes and water quality has com...


Jun
25
Baby Boomers VS. Millennials

Whether or not you see millennials as relentless selfie takers with their noses in their phones or the next trailblazing generation of the modern age, there is no denying the economic importance and power millennials have over our planet. And that doesn’t just apply to the latest clothing trends and iPhones; they are becoming a serious market in both the real estate and business worlds.



Everyone from condo developers and landlords to media outlets and magazines have been racing for years now to obtain the attention and approval of the millennial generation. Millennials, those born between the early 1980s and the late 1990s, aren’t the teen to young adult demographic you may be ima...


Jun
21
"Year-to-Date Home Sales are Strong in Sarasota and Manatee"

Sarasota and Manatee County has closed more home sales so far in 2018 than sales in January through May of 2017. Inventory is still tight and median prices continue to rise year-over-year. Overall, this month reports more closed sales and pending sales across the two counties. The two-county area reported 2,191 total closed sales, a one percent increase from May 2017. In the condo market, Sarasota sales increased by 6.4 percent to 452, while Manatee condo sales increased by 16.8 percent to 278. As for single-family homes, Manatee sales increased by 2.6 percent to 641, while Sarasota County decreased by 0.2 percent to 820.



The condo market in both counties has had an upward trend in pricing an...


May
30
Even after tax reform, homeownership still beats renting

The spring home-buying season is underway, but there have been a plethora of changes within this last year. "Congress has curtailed tax incentives to purchase a home, and mortgage rates and home prices are up. Yet for most folks with a stable job, buying a home is still better than renting." The new tax law has doubled the standard deduction to $24,000 for couples and caps their deductions for state and local taxes at $10,000. Those combine to greatly reduce the tax incentive to own a home – the share of homeowners who will itemize deductions and list mortgage interest and property taxes is estimated to fall from 44 percent to 14 percent.



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Most homebuyers have more disposable income to ...


May
02
Closed and Pending Sales Increase in Residential Market

With consideration that it is only May of 2018, this two-county area has already closed on 5,015 properties which is a substantial increase from this time last year! While the inventory levels dropped during the month of March, the median prices only continue to rise. This past month has also shown pending sales increasing greatly with indicating more closed sales on the horizon. Altogether, the closed sales for single-family homes and condos have raised 2.3% with comparison to this time last year! The condominium market has had an improvement with sales with a 9.9% increase in Sarasota County and a 9.7% increase in Manatee County. On the other hand, single-family home sales have lowered abo...


Mar
21
Sarasota-Manatee Home Sales Increase in February

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SARASOTA, Fla. (March 21, 2018) – Home sales in Sarasota and Manatee County increased for the second consecutive month in 2018. The two-county area reports another month of tight inventory, pressuring median prices to rise again.



Combined closed sales in the two-county area increased by 8.8 percent from February 2017. Manatee County single-family home sales increased by 8.6 percent to 441. Sarasota County showed a 9.8 percent increase to 569 closed sales. Sarasota condo sales jumped by 14.1 percent to 315, while Manatee increased by 5.2 percent to 202.



Overall, median sales prices are up. Manatee condos increased by 22.2 percent to $213,250, breaking $200,000 for the first time since 2...


Mar
12
Home Upgrades & Your Taxes: What you need to Know

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Now that the New Year has arrived, we're all looking for ways to make improvements in our lives, from getting fit to reexamining our finances to remodeling that horrid 1970s-style bathroom. If you're planning to make any improvements to your home this year, here are some things you need to know about home upgrades and their tax implications.*



Repair vs. Improvement: What's the Difference?

n order to take advantage of tax breaks associated with home renovations, it's important to know the difference between a repair and an improvement. The IRS defines a repair as anything that's necessary to keep your home in good condition but doesn't necessarily add to its value. An improvement is anything...


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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Coffey & Divald Property Management 

 206 Harbor Drive S,                                    1491 2nd St Suite B, Sarasota FL 34236

Venice, Florida 

34285

United States