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SRQ Daily Nov 27, 2017

Monday Business Edition

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Monday Business Edition

"The only segment of product where supply is low is high-end condominium."

- Michael Mouton, Michael Saunders & Company
 

[Real Estate]  Realtors Report Post-Irma Recovery
Jacob Ogles, jacob.ogles@srqme.com

Strong sales in the Sarasota and Manatee real estate markets during the month of October eased concerns about a slump amid Hurricane Irma. Statistics released by the Realtor Association of Sarasota and Manatee for October show a 2.7 increase in single-family home sales in the region over 2016, though condominium and townhouse unit sales decreased by 10.4 percent. “It’s likely that some, if not most, of October’s sales are from September’s delayed sales,” acknowledges Xena Vallon, president of the local Realtor association. “But, this month’s increase in pending sales indicates that we’re back in business.”

That’s consistent with what individual agents report as well. Angeles Bradford, an agent with RE/MAX Alliance Group, says that while activity was low around the time Hurricane Irma hit Florida—and of course extremely low the days of the storm—it’s since gotten much better in the market. “We are working a little harder,” she says, “but the market is going to be great.”

Michael Moulton, a Realtor with Michael Saunders and Company specializing in luxury sales, says the impact of the storm was a “momentary blip. “September is the slowest time of the year anyway,” he notes. Moulton had clients who had planned trips to look at homes and units in the market, but those few trips simply got rescheduled. If the type of market disruption occurred in a peak sales time like February, the impact would be more significant, but it’s been relatively easy for the market to recover from the storm.

As for a decline in condo sales, he says that relates to a different issue in the market altogether. “There is not much of an inventory of higher end condos,” he says. “A lot of the new projects are all sold. The only segment of product where supply is low is high-end condominium.”

The new October numbers come after a hard September. Irma made landfall in the Florida Keys and again on Marco Island on Sept. 10, then cut a course up the state, significantly impacting large portions of South Florida. At one point,t he entire state was under threat of the storm, and large portions of Sarasota and Manatee suffered through power outages, in some cases for weeks. The Realtor chapter reported that combined sales for the area declined a whopping 16.8 percent, and the number of pending sales was down 29.8 percent in Sarasota County and 26.2 percent in Manatee. Of course, pending sales tend to impact the following month’s closed sales, so the fact October still proved a stronger month than October 2016 shows demand in the region remains high.

“Compared to Irma’s impact in September, we saw a combined 75 percent increase in new listings from last month to this month,” Vallone says. “Sellers are playing catch-up and listing their properties for the upcoming season.”  

Graphic by Jacob Ogles. Data courtesy Realtor Association of Sarasota and Manatee.

[Exec Moves]  FST Appoints Williams and Barthold to Board

Florida Studio Theatre has announced the appointment of Judge Charles E. Williams and Mrs. Gaele Barthold to its Board of Trustees. Judge Williams currently serves as the Chief Judge of the 12th Judicial Circuit, which includes Sarasota, Manatee and Desoto Florida counties. His recent awards and honors include the Manatee County NAACP Public Service Award, the Sarasota County NAACP 2014 Public Service Award and the Sarasota County Branch NAACP’s 2014 Lifetime Achievement Award. In 2017, he joined the board of Embracing Our Differences. Barthold, retired attorney, served as the Philadelphia Deputy District Attorney for Law, a Philadelphia Assistant District Attorney and a member of Cozen O’Connor, argued and litigated many cases before the United States Supreme Court and the Pennsylvania Supreme Court. She is an Underwriter of this season’s Mainstage and Stage III series and serves as the chair of FST’s Advocacy Leadership Committee.  

Florida Studio Theatre

[Education]  School District, Teacher's Union Reach Tentative Agreement

All teachers and returning paraprofessionals will receive a salary enhancement and neither group will see an increase in health insurance premiums as part of a tentative agreement reached between the Manatee Education Association and the School District of Manatee County. The tentative agreement must be ratified before being presented to the School Board of Manatee County for approval. Under the agreement, the salary for a beginning teacher with a bachelor’s degree will move from $38,285 to $39,094  and existing teachers will receive an increase between $1,100 and $1,400 depending upon whether they are on the Grandfather Salary Schedule or the Pay-for-Performance Schedule. 

School Board of Manatee County



[Best Of SRQ Local]  Cast Your Vote For Best Local Flower Shop!

“Any time I have ordered from Beneva Flowers, I have never been disappointed,” — Jimmye Reeves. Buying flowers can add that pop of color to your home, serve as decor for an event or simply make your day a little brighter. Though Beneva Flowers took the top spot, Victoria Blooms, Flowers by Fudgie and many more were close behind. Who will be the Best Flower Shop in Sarasota this year? Share your favorite below in SRQ Magazine's 2018 Best of SRQ Local Readers Competition. 

Vote Here!

[TODAY]  MUSEUM: Aftermath: The Fallout of War - America and the Middle East , October 8 – January 21

Active in the US and Middle East, the artists in the exhibition depict the conditions and people caught in the crossfire of wars in Iraq, Afghanistan, Syria, Lebanon, Libya, Palestine, and Israel from a variety of perspectives. The artists included are Lynsey Addario, Jananne Al-Ani, Jennifer Karady, Gloriann Liu, Rania Matar, Eman Mohammed, Farah Nosh, Suzanne Opton, Michal Rovner, Stephen Dupont, Ben Lowy and Simon Norfolk.

John and Mable Ringling Museum of Art, 5401 Bay Shore Rd., Sarasota

[SOON]  THEATER: A Motown Christmas , November 29 – December 23, 6pm

In celebration of the holiday season, the Westcoast Black Theatre Troupe will be putting on their signature musical performance. The event is marked by traditional Christmas carols paired with soulful sounds from Motown legends like Marvin Gaye, Stevie Wonder and The Jackson 5.

Westcoast Black Theatre Troupe, 1646 10th Way, Sarasota

[SOON]  MUSIC: Blue Suede Shoes , November 29 – April 1, Varies by day

In the 1950s, Rock 'N' Roll took America by storm. With roots in rhythm and blues, country western, swing and do-wop, this new sound would forever change the world of music. From the father of Rock 'N' Roll, Chuck Berry, to The King himself, Elvis Presley, this revue celebrates the birth of rock and roll.

Florida Studio Theatre, 1241 N. Palm Ave., Sarasota

[SOON]  DANCE: Voices of SCD , November 30 – December 3

Their annual spectacle is a hallmark of the company’s approach to dance: full of physicality, thought, and delight. Original and adventurous, the works presented are choreographed by company members and emerging choreographers from around the country.

Jane B Cook Theatre, FSU Center for the Performing Arts, 5555 N. Tamiami Trl., Sarasota

[SOON]  BUSINESS: SB2 Luncheon: Philanthropic Agenda , November 30, 11:00am-1:00pm

Join SRQ Magazine for the launch of 2017-2018 SB2: Luncheon Symposium season on Thursday, November 30, 2017 from 11:00am-1:00pm at The Francis, Downtown Sarasota. The Philanthropic Agenda luncheon and panel discussion will explore the dynamic and ever changing world of non-profits. What’s trending, who’s innovating, why are donor-advised funds growing so rapidly and what exactly are donors looking for? The luncheon will culminate with presentation of the SRQ Gives Good Innovation in Philanthropy Award honoring community leaders in the nonprofit sector who are contributing to our region’s philanthropic strength with their forward-thinking initiatives and perspectives. Special guest panelists include: John Annis of The Community Foundation of Sarasota County, Carol Butera from the William G. and Marie Selby Foundation, Mark Prichett of the Gulf Coast Community Foundation and Martha Wells of the Southwest Florida Planned Giving Council. Moderated by SRQ MEDIA Executive Publisher Wes Roberts. Tickets are $45/per person and includes a delicious lunch provided by The Francis. Reserve your spot online at SRQSB2.COM.

The Francis , 1289 N Palm Ave, Sarasota, FL 34236

[SOON]  THEATER: Annie , November 30 – December 17, 2pm, 7:30pm, or 8pm

Rewatch the classic American musical where a little orphan girl takes the stage by storm. See the child heroine work her magic onstage and enjoy the performance live. Tickets are $27, $30 or $37, depending on seating.

Manatee Performing Arts Center, 502 Third Avenue W., Bradenton

[SOON]  THEATER: Flowers for Algernon , November 30 – December 17, 2pm, 7:30pm or 8pm depending on day

When a laboratory experiment successfully increases the intelligence of a mouse, Charlie Gordon, a spirited autistic man, volunteers as the first subject for human trials. The play grapples with society’s less-than-ideal treatment of mental illness, the ethics of human experimentation and the difficulty faced in accepting and loving ourselves.

Manatee Performing Arts Center, 502 3rd Ave. W., Bradenton

[SOON]  FESTIVAL: Bradenton Bluesfest Weekend , December 1 – December 3

The Bradenton Blues Festival Weekend kicks off on Friday, Dec. 1, 2017, with a free “Blues Appetizer” Concert, brought to you by Mojoe Productions, Inc. The Bradenton Blues Festival, presented by BMO Harris Bank, is on Saturday, Dec. 2, 2017, with an outstanding lineup of talented blues musicians on the big stage. In addition to amazing music, our award-winning annual festival features local craft beer, delicious specialty food vendors, and more. The festivities continue with blues after-parties all evening long. The weekend wraps up with a tasty and soulful Bradenton Blues Brunch prepared by award-winning Chef Paul Mattison on Sunday, Dec. 3, 2017. The Blues Brunch is presented by Urology Partners. Come and experience the blues in Bradenton!

Riverwalk Amphitheater, 452 3rd Ave. W., Bradenton

[SOON]  PERFORMANCE: Metropolitan , December 1 – December 2, 2pm and 7:30pm

This three-part production includes a performance of company favorite Sir Frederick Ashton’s enigmatic ballet Illuminations—one of only two ballets Ashton choreographed for the New York City Ballet—as well as the world premiere of new choreography from American Ballet Theatre’s Marcelo Gomes, in his first collaboration with Sarasota Ballet. 

Sarasota Ballet, 5555 North Tamiami Trl., Sarasota

SRQ Media Group

SRQ DAILY is produced by SRQ | The Magazine and edited by Senior Editor Jacob Ogles. 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. For rates on SRQ DAILY banner advertising, please contact Ashley Ryan at 941-365-7702 x211 or at her contact page. To unsubscribe, please click here.

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