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SRQ DAILY Jul 9, 2022

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"If the time is right for someone to purchase a home, they should not let interest rates deter them if they can afford the increase in payments. "

- Tony Veldkamp, SVN Commercial Advisory Group
 

[Under The Hood]  What's It Mean To Make The Grade?
Jacob Ogles, jacob.ogles@srqme.com

The fact Sarasota County maintained an A grade in state assessments this year could deliver substantial impact on rhetoric around the 2022 School Board races.

The Department of Education lists the state as the fifth best in Florida, not its highest position ever but the district will in fact keep a streak of As dating back to the launch of district grades. This comes as a time when a particularly angry slice of the public routinely levels criticisms at School Board meetings, and as Gov. Ron DeSantis aims to make school reform a major issue on the trail. He has openly called for voters to throw out School Board members who disagree with his policies, and the local district went through quite a tussle with the Governor over masks last year. One wonders how much this all plays in elections this August.

Issues like charter schools, support of vouchers, parent involvement and teachers’ union priorities will continue to pepper debates and media coverage, as has happened in the past.

I maintain there’s a single factor that more often than not determines the outcome of School Board races. That’s whether parents are happy or not with the education students receive at schools. A listen to board meetings might suggest there’s great discontent over everything from what libraries carry on shelves to what bathroom students use. But the school grades, produced by DeSantis’ administration, show students continue to perform well compared to peers in the state.

How will this translate politically? Locally there’s a curious dynamic. The only incumbent School Board member on the ballot, Bridget Ziegler, remains a close ally of the Governor and recently secured his endorsement for her re-election. A leading conservative figure, she’s effectively run as a ticket with two other School Board members — Tim Enos and Robyn Marinelli. But both of those candidates are facing non-incumbents for open seats.

As increasingly has become the norm, there are effectively Democratic and GOP slates running for all the seats on the board this year. Dawnyelle Singleton has challenged Ziegler for the District 1 seat, Lauren Kurnov faces Marinelli for District 4 and Nora Cietek battled Enos for the District 5 spot.

My hypothesis has always been if parents are content with school performance — and an A grade suggests they should be —  they will retain incumbents. I thought that was well demonstrated four years ago when Ziegler was retained but so were board nemeses Shirley Brown and Jane Goodwin. Eric Robinson’s ouster seemed to defy the rule, a break I attribute to bitterness between the incumbent and then-superintendent Todd Bowden that ultimatlely left both unemployed.

This year? Despite DeSantis’ unhappiness with Sarasota school and the fact Ziegler often casts dissenting votes on the Democrat-majority board, she may benefit yet, having the support both of angry conservatives and of parents who only cared that the district kept its A.

What of the other races? I’m curious. I don’t know that those apolitical parents will care so much about who DeSantis or Ziegler supports for the other seats. Democrats have no incumbent who can lay claim to the district’s successes either, though Brown and Goodwin surely want the Democrat candidates as their successors.

Of note, all three races will be determined in August. DeSantis faces only token opposition in a GOP primary, and will be most focused on marshalling voters for his re-election in November. This means a true test comes Aug. 23 on who cares who runs the Sarasota schools— and whether the board will be selected by angry activists or satisfied parents.

Jacob Ogles is contributing senior editor for SRQ MEDIA. 

[On Real Estate]  Inventory Up Alongside Record-Breaking Prices
Realtor Association of Sarasota and Manatee

For the second month in a row, the inventory of active listings in the two-county area increased year-over-year in May 2022. According to data from Florida Realtors and compiled by the Realtor Association of Sarasota and Manatee, the residential market also reports the highest-recorded prices for all property types in both counties, along with fewer closed sales and an increase in new listings.
The combined sales across the two counties and for both property types decreased year-over-year by 4.6% to 2,466 sales in May but increased by 7.9% from the previous month.

Single-family sales decreased from last year in Manatee County by 7.3% to 685 sales, while Sarasota single-family sales decreased by 7.6% to 910 sales. In the condo market, closed sales are increased by 6.3% to 339 sales in Manatee and are down by 1.7% to 532 sales in Sarasota.

“With everyone talking about rising interest rates and inflationary pressures, the number of sales begins to decrease and the number of properties actively on the market starts to increase. Some of this is cyclical based on the time of year since we are in our summer slowdown, but certainly higher interest rates and inflation are beginning to impact our market,” said 2022 RASM President Tony Veldkamp, a Senior Advisor at SVN Commercial Advisory Group. “Prices, both average and median, remain very strong and are still increasing, while we continue to see the time from listing to contract measured in days, not weeks. Our active inventory of single-family homes has finally exceeded one month of supply in both counties, but we deem a healthy balanced market as a six-month supply.”

At the end of the month, there were 2,556 active listings combined in both counties for both markets, a 58.5% increase from May of last year. Compared to last month, active inventory increased by 29.8% with 587 more listings reported at the end of May than at the end of April.

Prices continue to rise in May, with the highest median prices reported for both property types in both counties. Single-family home prices in Sarasota increased by 21.6% to $495,000, while the median price in Manatee increased year-over-year by 37.5% to $550,000. For condos, the median price in Sarasota increased by 29% from last year to $403,000, and Manatee prices increased by 51.9% to $369,900.

“If the time is right for someone to purchase a home, they should not let interest rates deter them if they can afford the increase in payments. Homes can be permanent, whereas interest rates are temporary. You may live in the home for the next 20 to 30 years or more, but you can refinance that loan in two years, five years, or ten years; whenever interest rates become more favorable,” added Veldkamp.

Unsold inventory for single-family homes is now at a 1.2-month supply, a 100% increase in Manatee County and a 71.4% increase in Sarasota County. As for the condo market, the months supply of inventory is at one month, a 66.7% increase for Manatee County and a 42.9% increase for Sarasota County.

The number of properties added to the market last month increased year-over-year by 17.2% for single-family homes and increased by 12% for condos. New listings also increased from last month with a combined month-over-month increase of 3.7% in the North Port-Sarasota-Bradenton MSA.

The median time it took for properties to go under contract was 6 days in May in the North Port-Sarasota-Bradenton MSA, which showed no change for single-family homes and a decrease of 33.3% for condos.

Monthly reports are provided by Florida Realtors with data compiled from Stellar MLS. Visit www.MyRASM.com/statistics. 



[SOON]  PERFORMANCE: Urbanite Theatre: Athena , June 10 – July 10, Varies.

Athena by Gracie Gardner Directed by Summer Wallace will run from June 10 to July 10, 2022. Mary Wallace and Athena are brave young fencers training for the Junior Olympics. They practice together, they compete against each other, they spend their lives together. They just wish they were friends.

[SOON]  GRAB BAG: Shop Holidays in July and Support Compeer Sarasota , July 10, 11am-3pm

Join Compeer Sarasota at The Artful Giraffe Gallery-Gifts-Studio for Sunday Fundays on Sunday, July 10, 2022, from 11:00 am - 3:00 pm. What a fantastic opportunity to Holiday shop in July for unique, one-of-a-kind gifts at the Artful Giraffe, and support Compeer Sarasota in the process!! Tess and Timothy of The Artful Giraffe are donating a portion of their sales on July 10th to Compeer Sarasota.Free admission, Free parking, Live music, Food trucks, activities, and fun for all ages! Compeer Sarasota provides a 1:1, non-clinical, mentor/friendship program to individuals from ages 5-85+ who have a mental illness. Come learn how to become a volunteer mentor with Compeer Sarasota, a fifty-year-old organization that has been in Sarasota for ten years. If you know how to be a good friend, and you enjoy the gift of friendship, come speak with our representatives for additional information. The Artful Giraffe is located at: 1861 Fruitville Road (parking is in the back of the building). 941-388-3700.

The Artful Giraffe

[SOON]  GRAB BAG: Charity Poker Tournament at One-Eyed Jacks Poker Room , July 14, 6pm

The Charity Poker Tournament will take place on Thursday, July 14 at One-Eyed Jacks Poker Room, 4404 Bee Ridge Road. There will be a welcome reception at 6pm with complimentary appetizers, tournament welcome gift, and full cash bar. The tournament will begin at 6:30pm. The entry fee is $115 and all participants must pre-register. $500 will go to each top 5 winner.

[SOON]  PERFORMANCE: Florida Studio Theatre: The Jersey Tenors: Part II , July 19 – September 11, Varies.

Back with a new show, this opera/rock mash-up sensation blends iconic opera classics with Rock & Roll hits from artists like Queen, Journey, and Elton John, along with the songs from Jersey’s finest—Frankie Valli and The Four Seasons and Bon Jovi. From Frank Sinatra to Figaro, hear The Tenors’ original arrangements of songs celebrating artists from the stage to the screen, including “Walk Like A Man,” “Your Song,” “That’s Life,” “Eye of the Tiger,” “Bohemian Rhapsody,” and many more. The Jersey Tenors: Part II, created and conceived by Brian Noonan, will play beginning July 19, 2022 in FST's Goldstein Cabaret. Run Time is 70 minutes with a 15-minute intermission.

Florida Studio Theatre's Goldstein Cabaret

[SOON]  GALLERY: As long as there is sun, as long as there is light: Selections from the Bring Gift and The Ringling Collection of Modern and Contemporary Art , November 21 – August 13, Museum hours.

The John and Mable Ringling Museum of Art is pleased to announce the opening of As long as there is sun, as long as there is light. Selections from the Bring Gift and The Ringling Collection of Modern and Contemporary Art. The exhibition will run Nov. 21, 2021 – Aug. 13, 2023, in the museum’s Searing Wing. In 2020, The Ringling received a significant gift of art from Murray Bring and Kay Delaney Bring, in support of the modern and contemporary collection. Highlights from the gift include an important minimalist work by Anne Truitt and a monumental work on canvas by Gene Davis, both artists affiliated with the Washington Color School, an art movement during the 1950s to 1970s in Washington D.C., made up of abstract expressionist artists Additional works in the gift represent a generation of prominent artists who work, or have worked, in abstraction, including Clement Meadmore, Jules Olitski, Beverly Pepper, Rebecca Salter, Kenneth Snelson, and Yuriko Yamaguchi, among others. Also on view are sculptures and paintings by distinguished African American and Latin American artists from The Ringling collection, including William Edmondson, Eduardo Mac Entyre, Omar Rayo, Baruj Salinas, and Joyce de Guatemala.  

[SOON]  GRAB BAG: Farmers' Market at Lakewood Ranch , January 2 – December 25, 10am-2pm

The Farmers’ Market at Lakewood Ranch is home to more than 90 curated vendors of the region’s best food and flavors, located at Waterside Place in Lakewood Ranch. It takes place every Sunday from 10am to 2pm at Waterside Place. It’s your weekend destination for organic produce, meat, poultry, seafood, bread, pasta, juices and prepared foods. Stay up to date on vendors and events by visiting TheMarketLWR.com.

[SOON]  GALLERY: The Ringling: Metadata: Rethinking Photography from the 21st Century , March 6 – August 28, Museum hours.

The exhibition features work from the past decade by an international selection of artists and visual activists that are working to make palpable the unseen information, or metadata, that undergirds the image regime. This includes not just the tags or descriptors attached to image files, but the power relationships, biases, and economic interests that are not always visible in the image itself. The exhibition emphasizes an expanded concept of photographic practice that includes research-based projects, installation, conceptual work, and activism as well as analog and digital photographs. Artists featured are Mohsen Azar, Viktoria Binschtok, Mladen Bizumic, Joy Buolamwini, Jason Lazarus, Rafael Lozano-Hemmer, Lilly Lulay, Trevor Paglen, and Penelope Umbrico. Metadata: Rethinking Photography in the 21st Century will be held at The John and Mable Museum of Art, Sarasota, Florida from March 6 through August 28th, 2022. The exhibition is curated by Christopher Jones, Stanton B. and Nancy W. Kaplan Curator of Photography and Media Art.

[SOON]  FILM: Summer Movies at Sarasota Opera House , May 22 – September 23, Varies.

Sarasota Opera is pleased to announce the lineup for the 2022 summer movie series: HD at the Opera House and Classic Movies at the Opera House. HD at the Opera House featuring filmed performances of opera and ballet from around the world will open on Sunday, May 22nd at 1:30 p.m. with Giuseppe Verdi’s Rigoletto from the Royal Opera House, Covent Garden in London, with tickets at $22, and $20 for Sarasota Opera subscribers. The Classic Movies at the Opera House series will open with In the Heat of the Night on Friday, July 8th at 7:30 p.m. with tickets at $12. (Tickets will go on sale starting Monday, May 2nd.)

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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