SARASOTA, FLORIDA, September 23rd, 2016 – South County is contributing a large share to the steady rise in inventory of Sarasota homes for sale that has been on an uptick since February of 2016 and highlighted by gains of between 15 and 21 percent from May to July this year.
West Villages accounts for much of the spike in South County’s home inventory and provides plenty of newly built choices in current listings of Sarasota homes for sale. Located in a 10,000-acre site between Venice and North Port, this master development is comprised of Island Walk, Gran Paradiso, Grand Palm, and Sarasota National.
Total home starts at West Villages, which is being developed jointly by Canada-based homebuilder Mattamy Homes and Vanguard Land Co., exceeded 750 residences during a one-year period ending in the 2016 second quarter. This estimate from the real estate research firm MetroStudy beats the 611 housing starts it recorded in Lakewood Ranch and the 262 in Palmer Ranch for the same period.
For the same time span, the research company put at 1,492 units the aggregate housing starts in the Sarasota and Bradenton area. MetroStudy attributed this impressive house building activity, which was not seen in the region since the 2006 third quarter, to a robust job growth, sustained rise in retiree demand, and low interest rates.
DiVosta Homes, a builder at West Villages, reported having sold 50 homes in July‒August at Island Walk. Several residences under construction in this neighborhood recently listed amongst Sarasota homes for sale are priced in the upper $200s, featuring floor plans of 1,433 square feet designed with two bedrooms and two baths.
The revitalized Sarasota National golf community is likewise apace with the vibrant market in West Villages. As per one realtor’s recent report, deals on 20 to 25 homes a month are being closed here, and construction is being started on just as many.
The residences being built in this community which are currently in listings of Sarasota homes for sale include choices on three-bedroom homes with floor plans of about 3,000 square feet and tag prices in the $500s and $600s. There are also options on newly completed two-bedroom carriage homes having floor areas of 2,152 square feet and tag prices in the $300s.
The upbeat market activity at West Villages is also evident in older communities adjacent to it. At Casa Di Amaci, one of the neighborhoods at the Venetia community developed in the early 2000s, several of its pre-owned townhouse condos built in 2005 were sold during the 2016 second quarter and a few more were sales-listed recently. These newly available, maintenance-included units are priced in the low $200s and feature three bedrooms and two baths within floor plans of 1,383 square feet.
A brisk market pace is likewise being experienced at Venice East where some 30 residences were sold since the start of 2016. Located off north of the Tamiami Trail just opposite Sarasota National, this community has several newly available resale houses priced in the high $100s up to the $200s. These new listings have floor areas ranging from 1,200 square feet up to about 1,800 square feet with two to three bedrooms, buying options contributing to South County’s rising stock of Sarasota homes for sale.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>