SRQ DAILY Dec 27, 2021
Monday Business Edition
"It's not surprising that our market is now priced higher than it's ever been before."
Prices skyrocketed in an already hot real estate market in the month of November.
The median price on single-family homes in Manatee County climbed to $450,411, a record high 28.5% higher than the same month in 2020, as reported by the Realtor Association of Sarasota and Manatee. In Sarasota County, that statistic climbed 19.9% year-over-year to $419,225. Meanwhile, the median price on condos leapt to $349,900 in Sarasota and $300,000 in Manatee, spikes of 28.6% and 26.4% respectively.
“It's not surprising that our market is now priced higher than it's ever been before,” said Alex Krumm, NextHome Excellence owner and RASM president. “New listings that come to market are being sold in a matter of hours and there are far more buyers than there are homes to sell them. I expect we'll continue to see higher prices next year.”
At the same time, the number of sales for the month declined in the region. There was a 2% drop in Sarasota in home sales and a 16.8% drop in condo sales, and Manatee saw condo closings dip 22.3% and home sales slip 2.5%.
But in total, $1.14 billion in total volume moved in the market in a single month on the virtue of the price of homes. And the money continues to move quick. The median time to contract is seven days in Sarasota; it’s just six days for homes in Manatee and all of nine days for condo units there.
Meanwhile, there’s just over 7 months of inventory in condos and over eight months worth of inventory for homes as supply continues to grow more scarce. The total active listings in the two counties dropped by 59.4%, to 1,654 as of the end of November.
All this means a market that should continue to see robust movement in the immediate future, Krumm said. “High season for home sales is upon us. Florida—and Sarasota and Manatee Counties in particular—continues to be the go-to destination for buyers from around the country. Expect a very busy winter and spring,” he said. 
Graphic courtesy RASM: Single-family home prices in Sarasota County climb to record highs as inventory grows scarce.
Hotel guests and restaurant patrons have been enjoying delectable dining at Currents Restaurant and Bar for years. The Currents team is known for their creative expertise in serving up delicious locally-sourced fare. This year, they’ve been adding brand-new menu items and making special events, like weddings, even more unforgettable with custom catering menus tailored to suit the needs and tastes of their clients. “The Boathouse is a very popular choice for events like weddings because it is one of the only places in Sarasota to hold events on the water,” says Carol Danisi. “We’ve done a complete refresh of our breakfast, lunch and dinner offerings, introducing trendier and healthier options.” Breakfast now features a quinoa chorizo power bowl, almond crusted french toast, eggwhite brie omelet and avocado toast. Lunch additions include the flat iron rice bowl, ale fish & chips and goat cheese salad. And some of the most popular new dinner items are the lobster tortellini, ale brined pork chop, kale caesar salad and pecan crusted salmon.
All of these wonderful new creations would not be possible without the culinary expertise of Executive Chef Ryan Ward. Chef Ryan has been with the Hyatt Regency Sarasota for the past four years. However, he has been working in the restaurant business since he was 14 years old. His Hyatt career goes way back to 2008 where he started as a chef at the Hyatt DFW in Dallas, Texas. After graduating from the New England Culinary Institute in Vermont in 2009, he became Sous Chef at the Hyatt in Reston Virginia, where he covered both the restaurant and banquets. In 2013, Chef Ryan won Manager of the Year award at the Hyatt Regency Cambridge, MA and in 2016, he moved to Washington DC where he assisted with preparations for the presidential inauguration. In 2017. Chef Ryan was named Executive Chef at the Hyatt Sarasota where he earned top spots in the Interstate food summit culinary competitions of 2017 and 2019. With all of this recognition, it is no wonder that guests and local residents return time and time again to experience the unique and tasty creations at Currents.
Pictured: Executive Chef, Ryan Ward
Rus Anderson has spent years perfecting the piano playing, vocals, and mannerisms of Elton John and has traveled the world over with thousands of performances to his credit. This insanely energetic performer is endorsed by the official Elton John Fan Club. Rocket Man will show from December 29 to 31 at the Venice Theatre.
Sailor Circus presents Let It Snow from Sunday, December 26 to Thursday, December 30, 2021 at Sailor Circus Arena, 2075 Bahia Vista St. Sunday at 1pm and 6pm and Monday through Thursday at 7pm. America’s longest running youth circus presents amazingly talented student performers in this highly anticipated annual holiday show. Thank you to our Presenting Sponsors: Shari and Stephen Ashman and Phyllis Siskel and Sweet Sparkman Architecture and Interiors.
During the holiday season, WBTT presents its Christmas card to the community, the world-premiere musical revue “Joyful! Joyful!” Enjoy high-spirited, uplifting songs of the season as only WBTT’s singers, dancers and musicians can perform them. A blend of new takes on traditional holiday tunes, gospel-infused classics and pop songs, the concert will include a twist on the carol “Joy to the World,” a version of “Carol of the Bells” that’s an homage to the O’Jays, and a lively gospel rendition of Handel’s “Hallelujah Chorus,” to name a few. Some talented Stage of Discovery students will be featured; Jacobs will direct. Show runs from December 1 to 30, 2021. Ticket sales are scheduled to begin in the late summer. Call the Box Office at 941-366-1505 or visit westcoastblacktheatre.org.
Les McCurdy and Ken Sons are.... The Bermuda Mavericks. With the perfect combination of stand up comedy and improvisation, they are a favorite of audiences all over the country. The Bermuda Mavericks will perform on December 30 at 7pm in The Green Room.
FST Improv celebrates the year’s end on December 30 and 31 in FST’s Bowne’s Lab with Resolution Rewind, two special New Year’s Eve performances providing a humorous look back at 2021. Audience members shape the show by voting for their favorite improv games from the past year online, determining which twelve will make the lineup for Resolution Rewind.
During December join us for a special holiday trolley or van tour complete with cocoa, carols & Christmas stories about Sarasota. Step onboard our Holly Jolly Trolley or Van with guide Jenny Jingle for our special daytime holiday tour with cocoa, carols & Christmas stories of Sarasota. Visit city spots with Christmas story connections, hear about our Sarasota traditions during the holidays & sing along to your favorite Christmas songs. Includes FREE cocoa at the Trolley Cottage before the tour. We award prizes for best Ugly Sweater on our Holly Jolly Trolley Tours during December so dress in your holiday best. Tour ticket includes FREE Parking.
Sarasota’s most sophisticated black tie New Year’s Eve experience includes private access to Lights in Bloom®: An Open-Air Holiday Light Show, an exquisite four-course dinner, view of the fireworks over the Bay, and entertainment by the Sarasota Ballet. New Year’s Eve at Selby Gardens will take place on December 31 2021 from 7pm to 1am at the Downtown Sarasota Campus.
Hands-on for the Holidays will take place the Week of December 26 – December 31 at Sarasota Art Museum from 1pm to 3pm. It is FREE for Members and Included with Museum Admission. This year, the Museum is introducing a new lineup of art-making activities for all ages. Whatever your holiday traditions, Sarasota Art Museum is here to help you make new memories and revisit cherished ones. Visit our studios and enjoy drop in hands on art-making activities with a professional artist-educator. From snow globes to imaginary animal portraits, you’re sure to find activities to spark creativity and fun. Sunday, Dec. 26 – Create your own Winter Scene Snow Globes. We’ll play in the studio with oil pastels, watercolors, and fine lines. Monday, Dec. 27 – Inspired by the beauty of birch and aspen trees, we’ll paint together in our Into The Woods workshop. Tuesday, Dec. 28 – Lions, and tigers, and bears, oh my. Drop into our studio and make your own glittering Imaginary Animals. Wednesday, Dec. 29 – Celebrate one of our favorite spirit animals in the Turtles and Tides workshop. We’ll explore these magical creatures and the patterns and textures that define them. Thursday, Dec. 30 – Capture the essence of this adorable primate in our Lemur Portraits studio. Friday, Dec. 31 – Boom, crack, pop! It’s time to ring in the new year. Let’s create a sky full of light and color in our Cityscape Fireworks workshop.
Ring in 2022 at the Downtown Sarasota Block Party and Pineapple Drop at Five Points Park, 100 Central Avenue, starting at 1pm on Friday, December 31, through 1:30am on Saturday, January 1. Admission to this family-friendly event is FREE. The festivities will include amusement rides and games; live music; food, drinks and full bar concessions; and a Pineapple Drop at midnight followed by a fantastic fireworks display on Sarasota Bay. Enjoy a great view…without leaving the party. Enjoy performances by Kettle of Fish, the Dr. Dave Band and Twinkle.
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