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SRQ DAILY Aug 1, 2022

Monday Business Edition

Monday Business Edition

"While we're continuing to see month-over-month and year-over-year increases in pricing, the number of closed sales has dropped down to a level that was more typical for a pre-pandemic June."

- Tony Veldkamp, Realtor Association President and Senior Advisor at SVN Commercial Advisory Group.
 

[Real Estate]  Sales Slow as Fed Raise Rates, But Prices Still Climb
Jacob Ogles, jacob.ogles@srqme.com

Interest rates are pushing inventory numbers higher in Sarasota and Manatee counties. But prices continue to rise in the region, according to the Realtor Association of Sarasota and Manatee. That is taking place ever as the Federal Reserve takes steps to cool the market and calm inflation.

There were considerably fewer closed sales in the two-county market in June. The Association reported 2,088 sales for the month in the North Port-Sarasota-Bradenton metropolitan area compared to 2,849 in June of 2021. That’s a 26.7% decline.

“While we're continuing to see month-over-month and year-over-year increases in pricing, the number of closed sales has dropped down to a level that was more typical for a pre-pandemic June,” said Tony Veldkamp, Realtor Association president and a senior advisor at SVN Commercial Advisory Group.

A slow in sales has meant an increase in stock. A year ago, there was barely half a month of residential properties available in the market. But there’s still a short supply on a grander scale, Veldkamp said.

“Meanwhile, the amount of active inventory continues to grow by more than double the number of listings from where we were this time last year. At less than a two-month supply of single-family homes, we are still far from having the six-month inventory required for market equilibrium. The market is shifting as we're seeing changes in the buying process, but today we're still in a seller's market.”

June sales wrapped well before the Federal Reserve decision last week to raise its benchmark interest rates by 0.75% at a July meeting. The Fed in June also voted mid-week to raise rates. That means in the last two months, the benchmark rate jumped from 1% to about 2.5%, part of an effort to rapidly cool inflation.

For the moment, the boost in inventory and climbing rates have not stopped a continuing increase in the median price of homes in Sarasota and Manatee counties. For the first time ever, the median price for single-family homes in Sarasota rose to $500,000. That’s a 25% year-over-year increase. It boosted ever higher in Manatee County to $550,000, a 35.7% hike from last June.

Similarly, condominium unit prices swelled. Manatee County now reports a median price for condo and townhome sales of $356,500, and in Sarasota, the median price sits at $416,250.

While sales have slowed and inventory has started to climb, homes still aren’t sitting on the market for long. The media time reported for condos to go under contract in the market is about seven days. The same goes for houses in Sarasota County, and in Manatee, single-family homes are selling even faster with a median time on market of six days. 

[Staff Announcement]  ArtisTree Landscape Expands Design Team

Elisabeth Owen has joined ArtisTree Landscape Maintenance & Design as its newest designer to serve the company’s growing client roster. A Florida Certified Horticulture Professional, Owen will create plans for new builds and renovations. Her 20-plus years in the green industry includes design, managerial and sales experience for residential and commercial clients. Owen graduated cum laude from the University of Florida with a Master of Science degree in environmental horticulture. “Elisabeth’s design creativity, local plant knowledge and outstanding customer service skills are already proving to be an asset to our company,” said Joe Mantkowski, vice president of ArtisTree’s Design Division. “We’re looking forward to doing some great things together.” 

[Advisory]  Sarasota County Area “No Swim” Advisories Lifted

The “No Swim” advisories that have been in place at Siesta Key Beach, Service Club Beach, Casperson Beach and Manasota Key since Thursday, July 28 have been lifted. Florida Department of Health in Sarasota County officials received testing results today that were at a satisfactory level for enterococcus bacteria meeting both the U.S. Environmental Protection Agency (EPA) and state recreational water standards. Residents and visitors may return to swimming and other water sports at these beach sites. Brohard Beach, Venice Fishing Pier, and Ringling Causeway/ Bird Key Park remain under the advisory. The next samples will be taken Monday. The Florida Department of Health in Sarasota County monitors water quality weekly at 16 sites along Sarasota’s 34 miles of beaches. The intent of this program is to provide county residents and visitors with accurate, up-to-date information on the water quality at our beaches. 

Click for reports.

[Agreement]  Indigo Sports LLC Selected to Manage Bobby Jones Golf Course

The City Commission has made an exciting and important decision about the future of Bobby Jones Golf Club and how it will operate once its renovation is complete. The commission has approved an agreement with Indigo Sports LLC to manage our historic golf course. Indigo is a reputable company with expertise in managing more than 140 municipal courses like ours across the United States. Indigo’s responsibilities will include overseeing the installation and maintenance of new grass and the reconstruction and restoration of the historic 18-hole, Donald Ross-designed course. Once the course opens, they will manage all golf operations at Bobby Jones, including hiring employees, marketing the course, providing food and beverage service and more. This is a fiscally responsible decision by the commission, which will still retain oversight of the Bobby Jones budget each year. Indigo will be paid with revenues collected from users of the course. We expect the new and improved course to be a popular destination for residents and visitors alike, and we anticipate that Indigo will be able to deliver excellent customer service and a great golf experience for our patrons. In the meantime, as seen in the image below, significant work is underway and the restoration project at Bobby Jones is expected to be completed in spring 2023. 

Click for progress updates.

[Giving Back]  Kiwanis Club of Sarasota Celebrates 100th Anniversary Granting $100k to Local Nonprofits

In honor of its 100th anniversary, the Sarasota Kiwanis Club and its Foundation gave $100,000 in grants to 28 local nonprofit organizations for 2022. These gifts and the receiving nonprofits were celebrated at the Club’s meeting on Friday, July 22. “Our Club is dedicated every year to giving needed funds through our grants process, as it is part of our mission to support nonprofits in our local community,” said Marla Doss, president of the Sarasota Kiwanis Club Foundation. “This year, as it is our 100th year as a Club, we committed to giving a total of $100,000 in grants. We are blessed to be able to support so many deserving organizations.” A total of 28 nonprofit organizations were gifted checks this year, and at the event, each agency’s representative spoke about the difference the funding will make to their mission. Here is a list of the charitable organizations supported: All Friends Network, Big Brothers/Big Sisters, Boys & Girls Clubs, Child Protection Center, Children First, Children’s Cancer Center, Early Learning Coalition, Easterseals Southwest Florida, Embracing Our Differences, Foundation for Dreams, Girls, Inc., Heart Gallery of Sarasota, Manasota BUDs, Manasota Solve Maternity Homes, The Mark Wandall Foundation, Mayors’ Feed the Hungry, Meals on Wheels Sarasota, Operation Eco Vets, Pines of Sarasota, The Players Centre for Performing Arts, Pregnancy Solutions, Safe Children Coalition, Sarasota School of Innovative Studies, Selah Freedom, Senior Friendship Centers, Sertoma Kids, SPARCC, and SRQ Medical Pregnancy Center. 

Click for more.

[Upcoming Event]  Sarasota Youth Opera Hosts Family Day at the Opera

On Saturday, August 20, from 12 to 2 pm, bring the whole family and come see what Sarasota Youth Opera is all about! The whole Opera House will be abuzz with activities. Hear the Youth Opera sing, attend a “Find Your Own Opera Voice” singing session, join in fun acting games, and take a tour of the opera house. You can even get creative and make some props, have fun at the makeup table, explore the beautiful costumes, and more. This event is free to all. For over 35 years, Sarasota Youth Opera has given youth ages 8 to 18 an opportunity to experience opera firsthand through our performance-based program. This fall, our youth performers will present Dean Burry's The Secret World of OG, complete with professional sets, costumes and orchestra on the Sarasota Opera House stage. The opera tells the charming story of the OGs, green, elfin creatures who live under the children’s playhouse. The OGs have a habit of stealing any toys they want, but when they steal the children’s little brother and their dog, the children must go down into the OG’s subterranean world to bring them back! The fall program starts up on August 16th, and auditions for the lead roles will be held on August 23 and 24. No prior experience is necessary, all skill levels are welcome, and all those who enroll this fall will take part in The Secret World of OG!

Sarasota Opera House: 61 N. Pineapple Avenue, Sarasota. 

To learn more, visit



[SOON]  PERFORMANCE: Florida Studio Theatre Improv: Thank You For Being A Friend , September 10, 7:30pm

FST Improv Presents: Thank You For Being A Friend on Saturday, September 10 at 7:30pm. Thank You For Being A Friend is a unique blend of stories and games in which actors improvise two half-hour episodes of an original sitcom which the audience will help create! Complete with improvised commercials and theme song, Thank You For Being A Friend captures the essence of television’s most beloved genre. As television plummets down to the extent where most is reality TV and less that a third of all new Sitcoms make it to its tenth episode, FST Improv promises to take you back to a time and place where "Everyone knows your name". That's what we're talking about Willis!

Florida Studio Theatre's Bowne's Lab

[SOON]  GALLERY: Atelier de SoSi Art Show , August 12 – September 22, 7pm-10pm

Atelier de SoSi announces the opening of their newest art show “An Artful Home at Atelier.” Exhibition Dates: August 12th - Sep 22nd; Opening night: August 12th 7-10pm; Gallery hours Tues - Wed - Thur 1 - 5pm. “An Artful Home at Atelier” - focus is to showcase that art can be both functional and beautiful. Atelier de SoSi’s gallery space will be transformed to represent a living space. Displaying functional art such as: handmade table settings, glassware, lighting, textiles, furniture, etc. The space will also be featuring one of a kind paintings, sculptures and an array of other unique pieces. We want to show the viewer that artwork comes in all shapes, sizes and functionalities. Yes, your coffee table can be a piece of artwork along with your favorite reading chair, lamp, and coffee mug. Art can touch every area of our lives, come see examples of this and find one of a kind pieces for your own living space.

[SOON]  GRAB BAG: Artful Philanthropy at The Ringling , August 10, 10:30 am

The John and Mable Ringling Museum of Art is pleased to offer community members interested in philanthropy, estate planning, and making an impact on arts and culture a variety of resources, including seminars, curator talks, and panel presentations. In collaboration with the national organization Black Philanthropy Month (BPM) which engages 19 million people across 60 countries celebrating Black philanthropy, The Ringling is proud to host this dynamic panel discussion on the deep history and culture of giving by black women, and the importance of family philanthropy in Black communities. Join us for Black Women in Philanthropy: A Lesson in Altruism + Engaging the Next Generation, taking place on Wednesday, August 10, at 10:30 AM in The Ringing's Chao Lecture Hall. The session is FREE to attend, and will feature Dr. Caryl Sheffield, President of the Masala Giving Circle; Dr. Lisa Merritt, Executive Director for the Multicultural Health Institute and Member of The Ringling Board of Directors; and Ranata Reeder, Vice President, Knowledge and Equity at the Community Foundation of Sarasota County. The Ringling's Associate Director of Development, Michelle Young, will moderate the discussion. Morning refreshments will be provided.

[SOON]  PERFORMANCE: Circus Arts Conservatory & The Ringling: Summer Circus Spectacular , June 10 – August 13, Varies.

Circus fans of all ages, from near and far, can beat the heat at reasonable prices while experiencing the best of the circus arts. Some of the circus world’s most exciting acts have signed on for the annual show - a longtime partnership of the Circus Arts Academy and The Ringling - with performances presented over nine weeks this summer. The lineup for the Summer Circus Spectacular includes a wide range of acts, including duo lyra, adagio, hand balancing/contortion, rolla bolla, and more. Show times are 11 a.m. and 2 p.m. Tuesdays through Fridays, and 2 p.m. and 5 p.m. on Saturdays. Tickets are $18/adults, $12/children 12 and under. To complete their circus experience, Summer Circus Spectacular patrons can enjoy access to the Circus Museum on the day they attend a show for just an additional $5 – an incredible value for a full day’s entertainment. Go to Ringling.org or call the Box Office at 941-360-7399.

Historic Asolo Theater at The Ringling, 5401 Bay Shore Rd, Sarasota

[SOON]  PERFORMANCE: Van Wezel: Friday Fest 2022 , June 17 – September 16, 5pm

The Van Wezel Performing Arts Hall Friday Fest events are our outdoor concert series that provide the community with 4 entertaining and FREE events from June to September, showcasing the best of local bands from Sarasota and Bradenton. Friday Fest brings together a wide variety of talented artists along with food trucks and drink stations on the Van Wezel lawn along the beautiful Sarasota Bayfront. Our Friday Fest lineup includes: Yesterdayze - June 17, Kettle of Fish - July 15, Big Night Out - August 12, and Jah Movement - September 16 at 5pm. 

Van Wezel

[SOON]  HEALTH: Zumba at The Bay , July 9 – September 24, 10am-11am

Join Ya’el Campbell for a special monthly Zumba from 10:00 am – 11:00 am. This is a high energy outdoor Zumba class! Come dance with a fantastic group of Zumba Rockstars who will make you move, smile, jump, shake and sing… (it happens sometimes). Grab a friend, bring your kids, and meet new Zumba friends. Program Dates: July 9 (Bayfront Community Center); August 20 (Bayfront Community Center); September 24; The Bay Park, 655 N. Tamiami Trail.

[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]  PERFORMANCE: Florida Studio Theatre Improv: The More You Know , August 6, 7:30pm

FST Improv Presents: The More You Know Saturday, August 6 at 7:30pm. It’s time to go back to school! Uproarious characters and memorable plot twists will arise as the audience provides suggestions that the FST Improv cast will improvise into a John Hughes Back to School-style epic. Whether you are a parent, a teacher, a teen, or a younger brother or sister, everyone can identify with the timeless characters that cross paths in our school’s hallways. Come relive your school days with FST Improv’s The More You Know!

Florida Studio Theatre's Bowne's Lab

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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