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SRQ DAILY Jun 24, 2023

Saturday Perspectives Edition

Saturday Perspectives Edition

"I expect the summer months will continue to see strong buyer interest, making now an excellent time to consider bringing a property to market."

- Michael Moulton, Michal Saunders & Company
 

[Under The Hood]  Scott Won't Run for President. But What If He Did?
Jacob Ogles, jacob.ogles@srqme.com

U.S. Sen. Rick Scott, R-Florida, isn’t running for president. He said so repeatedly. Sorry people, it’s not happening.

Yet, I promise as the senator gives a keynote speech at the Florida Young Republicans conference in town this weekend, the topic will come up. He will hear the questions from those whose interests piqued after a New York Times article asserted Scott could jump in the race if Gov. Ron DeSantis’ campaign continues to falter. 

Indeed, I predict Scott will hear from some ambitious politicos who very much want to know if he will forgo a re-election campaign for Senate. U.S. Rep. Greg Steube, R-Sarasota, will also be a featured speaker at the YR event, and Steube has long held an interest in running for U.S. Senate. A vacancy, I’m quite certain, will earn his attention. Heck, Scott ally Jimmy Patronis suggested the Senator’s phone has “blown up” with calls from Florida Congressmen just curious what his next steps will be.

Steube’s not even the only local who might run. Sources close to U.S. Rep. Vern Buchanan, R-Longboat Key, and state Sen. Joe Gruters, a former Republican Party of Florida chairman, agree there’s a “non-zero chance” either could jump into an open Senate race. There’s even some self-funders like developer Carlos Beruff, who already ran for U.S. Senate once. Anything could happen.

Except this totally isn’t happening. Scott already said he’s running for re-election. His travel schedule involves trips to Florida Lincoln dinners, not Iowa fairs and New Hampshire hobnobs. Plus, his campaign issued several communications pouring cold water on fresh speculation he’s running for president. Though that begs the question what prompted the Times article in the first place. 

Sure, many expected his ambitious step leading the National Republican Senatorial Committee in 2022 would be a preamble to a national run. Scott was so constant a face for the NRSC many joked that acronym really stood for the National Rick Scott Committee.

But Senate Republicans had a crummy midterm. The GOP caucus scored saw a net loss in seats. Then, Scott made a failed challenge to Minority Leader Mitch McConnell, and seems persona non grata with Senate leadership. 

Of course, one might ask why he would want to stay in the Senate in that environment. 

Also, money’s never been a problem for the richest member of Congress. He largely self-funded two successful runs for governor and his U.S. Senate campaign in 2018. Plus, Florida seems more Republican-friendly than ever. He might see his first landslide victory in 2024.

Except he’s not running. He’s just not.

Never mind Scott’s icy relationship with DeSantis or the fact the Senator (secretly) rubs his hands in glee at every poll showing his gubernatorial successor losing to Donald Trump.

Also, Scott and Trump have been friends for years. The senator’s loyalty to the ex-president will surely make him wait at least until Trump leaves the stage.

Of course, that could happen sooner than later. Twice indicted with other legal troubles on the horizon, Trump can call witch hunt all he wants, but most tied to stakes in Salem burned to death. A guilty verdict, or a plea that included a promise not to run, could still push Trump out regardless of his public resolve now.

If Trump drops out, and DeSantis can't consolidate GOP voters, none of the reasons Scott stayed out of the race will really apply. Plus, he clearly enjoyed being an elected executive more than a lawmaker (and was much better at it).

But this is silly. Scott won’t run for president this year. And that’s how everything will stay. Unless everything changes.

Jacob Ogles is contributing senior editor to SRQ MEDIA.

  

Photo courtesy Wikimedia Commons.

[Real Estate]  Luxury Inventory and Prices Moderate
Michael Moulton

The Sarasota Real Estate Market has certainly shifted in the last six months. The attached charts show 10 years of activity in April in the over $1 Million price tier. Available inventory is returning to a more normalized level, at the same time sales have relaxed from their peak in 2021.

While sales slowed starting in the second half of 2022, there has been considerable activity in the luxury market since the first of the year bringing closings in line with historical averages in a healthy market. Pending sales in April fell by double-digits across Florida and the U.S., but in Sarasota the year-over-year decrease was just 6%. With busy spring showings traffic, I am optimistic we will see sales remain steady in the next few months.

New construction continues to fill a void left by fewer existing homes and condos entering the for-sale inventory, and home builders’ confidence that demand will remain strong is at its strongest in six months. However, they are still facing supply and labor challenges, along with newly tightened conditions and increases in costs of construction and development loans.

Would-be sellers of existing homes have been slow to list for several reasons, including wanting to hang onto their low-rate mortgages, fear of not finding a suitable place to move, their speculation prices will start to fall, and more. Experts believe if rates fall to near 5%, those sitting on low interest rate mortgages will begin to list their homes. And while prices are appreciating more slowly than they have over the last two years, they will continue to rise due to the still limited inventory to meet demand.

New luxury listings year-to-date are up 18.8% compared to the same period last year. Even with more inventory, our listings in the upper price points are selling at near list price, multiple offers are not unusual, and properties in good condition and well-located are moving quickly.

I expect the summer months will continue to see strong buyer interest, making now an excellent time to consider bringing a property to market. However, I am seeing a shift away from buyers accepting of some defects because of the urgency needed to “win” a home during the pandemic period. Buyers now are a bit more thorough in their inspections and insistent on repairs or credits for repairs, so sellers will need more time to prepare their properties for sale than in the last few years.

As the Sarasota Real Estate Market continues to show positive signs, conditions are unpredictable due to ever-changing financial, political and global influences. Partnering with an agent who understands the fluid market, what that means for you and how it impacts your goals is critical. It is more important than ever to work with a highly experienced, locally as well as globally connected agent/broker, skilled negotiator and advocate.

Michael Moulton is a Realtor with Michael Saunders and Company. 

Sarasota's Finest Properties



[SOON]  GRAB BAG: Family Art Day at Creative Liberties , June 24, 9 am to 12 pm

Bring the whole family for Family Art Day. These free monthly events feature interactive art-creating sessions led by professional artists. Artist Lina Rincon of Lina Rincon Art Gallery and Studio will lead families in a creative project that is suitable for all ages and skill levels. No RSVP is required. This is a free program, made possible by generous funding from the Floyd C Johnson and Flo Singer Johnson Foundation. Creative Liberties, Creative Academy classroom, 927 N. Lime Ave., Sarasota, creativeliberties.net.

[SOON]  GRAB BAG: Bradenton Public Market , June 24 – August 26, 9 am to 2 pm

Realize Bradenton is pleased to announce the continuation of the Bradenton Public Market through the summer months. The summer Markets are scheduled once a month on the last Saturdays of each month, on June 24th, July 29th and August 26th on Old Main Street and 3rd Ave West in Bradenton. Our Market family is excited to see their customers throughout the summer while still enjoying some well-earned time off. The Market was founded in April of 1979 in a Downtown Bradenton parking lot. Over the past 44 years, the Market has grown and evolved to fill Old Main Street with produce, local artisans, and prepared foods. realizebradenton.com/market.

[SOON]  GRAB BAG: Fresh Harvest Farmers Market at Wellen Park , June 25 – December 29, 9 am to 1 pm

Visit Fresh Harvest, the newly launched weekly farmers market in Downtown Wellen. Fresh Harvest offers a selection of local goods from nearly 40 local vendors. Fresh Harvest takes place every Sunday in Downtown Wellen from 9 a.m. to 1 p.m. Attendees can peruse different vendor booths and stock up on a variety of goods. Vendors will offer a wide variety of locally grown and produced food, including herbs, spices, cut flowers, teas, canned and preserved fruits and vegetables, syrups, baked goods, pickled foods, fresh seafood, meats, poultry, eggs, milk and prepared food and beverages. A limited selection of craft vendors also participate in the farmers market. For a listing of participating vendors and more information on Fresh Harvest Farmers Market, visit wellenpark.com/events/fresh-harvest-farmers-market. Downtown Wellen, 19745 Wellen Park Blvd., Venice.

[SOON]  GRAB BAG: Marie Selby Botanical Gardens 2023 Jean & Alfred Goldstein Exhibition Tiffany: The Pursuit of Beauty in Nature , February 12 – June 26, During garden hours

Marie Selby Botanical Gardens’ 2023 Jean and Alfred Goldstein Exhibition Tiffany: The Pursuit of Beauty in Nature showcases the creativity and innovation of American artist and designer Louis Comfort Tiffany (1848-1933). The first exhibition of its type to be presented in a botanical garden, the exhibition highlights the inspiring connection between Tiffany Studios and the natural world through unique horticultural displays in the Tropical Conservatory and the Gardens, accompanied by seminal examples of Tiffany’s work on view in the Museum of Botany and the Arts. To learn more, visit selby.org. Selby Gardens Downtown Sarasota campus, 1534 Mound St., Sarasota.

[SOON]  GRAB BAG: Laser Light Nights at The Bishop Museum of Science and Nature , May 25 – September 2, 7pm and 9pm

Break out the big hair and acid-washed denim because Laser Light Nights are back at The Bishop Museum of Science and Nature. Every Thursday, Friday, and Saturday night from May 25 through September 2, we are rocking out to some of your favorite artists in the Planetarium! A variety of food options and drinks are available for purchase onsite with cash or card. Tickets are $15. The Bishop Museum of Science and Nature, 201 10th St W., Bradenton, bishopscience.org.

[SOON]  GALLERY: 55 Frida Project , June 18 – August 18, Various times

Maverick, Mexican painter Frida Kahlo painted 55 self-portraits in her short and tragic life. View the commemorative exhibit by artist Beck Lane of her work at UUCS Lexow Wing Gallery, her artwork merges extraordinary creative vision and innovative technique and has been collected and shown in pop-up galleries, solo shows, galleries, and private collections in Boston, California, New York City, North Carolina, Pittsburgh, Miami, Brussels, Switzerland, South America, and Israel. On her YouTube Channel, Catalyst and Co., Beck records herself painting live, while offering encouragement to fellow artists, and sharing her experiences as an artist and her painting process and techniques. These mixed medium works pulsate with powerful, vibrant energy, fluid color and rare style. On Sunday, July 16, Lane will be painting live from 12-2 pm at the Lexow Gallery. UUCS Lexow Wing Gallery, 3975 Fruitville Rd., www.uucsarasota.com, www.becklaneartist.com.

SRQ Media Group

SRQ DAILY is produced by SRQ | The Magazine. Note: The views and opinions expressed in the Saturday Perspectives Edition and in the Letters department of SRQ DAILY are those of the author(s) and do not imply endorsement by SRQ Media. Senior Editor Jacob Ogles edits the Saturday Perspective Edition, Letters and Guest Contributor columns.In the CocoTele department, SRQ DAILY is providing excerpts from news releases as a public service. Reference to any specific product or entity does not constitute an endorsement or recommendation by SRQ DAILY. The views expressed by individuals are their own and their appearance in this section does not imply an endorsement of them or any entity they represent. For rates on SRQ DAILY banner advertising and sponsored content opportunities, please contact Ashley Ryan Cannon at 941-365-7702 x211 or via email

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