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SRQ DAILY May 27, 2024

Monday Business Edition

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Monday Business Edition

"I feel like Sarasota has become a huge melting pot, which I love. "

- Tyni Lazzaro, Co-owner, Brooklyn Boutique.
 

[Real Estate]  Inventory Spikes as Realtors Predict Pricing Competition
Jacob Ogles, jacob.ogles@srqme.com

As inventory goes up for home listings in Sarasota and Manatee counties, real estate agents report increasing competition on prices.

The number of single-family homes in Sarasota and Manatee counties surged in April, according to the Realtor Association of Sarasota and Manatee. Data released last week showed the inventory for the counties combined climbed to 5,755 homes and 3636 condos. In terms of raw listings, that reflects more than a 71% spike in active home listings compared to April 23, and more than a 92% jump in condo listings.

That means the Sarasota-Bradenton-North Port metropolitan area as of last month had a 6.3-month supply of condos and a 4.5-month supply of homes.

Realtors generally consider a six-month supply to be a balanced market.

“The significant rise in inventory across both counties is a clear indication of a shifting market dynamic,” said Tony Barrett, president of RASM and owner of Barrett Realty. “Buyers now have more options to choose from, which is reflected in the extended time properties are

staying on the market.”

The median time to a contract in the two-county market has now climbed to 41 days for homes and 46 days for condos, up from 23 days last April for either category of unit.

Meanwhile, the average sales price in Sarasota County has surged since last year.  The average price for a home in Sarasota County in April reached more than $781,000, nearly $130,000 higher than it was a year prior. A condo in Sarasota cot almost $700,000 on average, up from less than $562,000 last year.

The story played out differently in Manatee County. The average price for a home in Manatee went down roughly $17,000 from last year, but remained at early $719,000. But the average condo price continued to climb, reaching almost $597,000, down about $80,000 from the past year.

In total, the counties combined saw 1,496 home and 707 condo sales closed in April, an increase from last year in both categories.

“It’s encouraging to see closed sales increase, even with the higher inventory levels. This indicates that buyers are still actively engaging with the market, taking advantage of the increased options available to them,” Barrett said. 

Graphic courtesy Realtor Associationltor Association of Sarasota and Manatee.

[New Store]  A Cultivation of Culture at Brooklyn Boutique
Eliana Burns, Eliana@srqme.com

Attention all fashion fanatics! Brooklyn Boutique, on South Pineapple Avenue, has recently opened. True to their New York roots, owners Tyni and Paul Lazzaro have cultivated a melting pot of garments, brilliantly blending the edge of New York with the coastal cool of Sarasota.

“I’m originally from Brooklyn, and I grew up all over New York. I wanted to bring the vintage feel and experience of Soho and Brooklyn here.” Says Tyni, “Growing up, my favorite spots were in Brooklyn, Soho, Wooster Street, and West 4th. Looking back reminded me that we don’t have shops like that in South Florida.”

Growing up in New Jersey and Brooklyn respectively, Paul and Tyni have been falling in love with Sarasota for over a decade. After their family moved to Sarasota seventeen years ago, the couple visited the city countless times, studying the culture and enjoying the sun. “It’s gorgeous.” Tyni explains, “Especially with the local art around Pineapple Avenue, once the opportunity came to open something that we wanted to open, it definitely had to be here.”

Tyni continues, “I feel like Sarasota has become a huge melting pot, which I love. That’s what New York is known for. And I also noticed that people do miss their homes, whether they’re snowbirds or if they’ve been here for 20 years. People are coming in just because they see the sign–they’re still curious because home is home.”

Tyni’s experience working for high-end brands like Barneys and Wolford makes her no stranger to fashion and trend cycles. “I did that for years,” Tyni explains, “I can see what people want.” When she needs a second opinion, she turns to family, “My son, he’s helped us a lot to pick stuff, especially for the younger spectrum.” 

Reflecting on the boutique’s divergence from traditional coastal merchandise, Tyni continues, “Many boutiques here are coastal. I know that people wanted something a little different, more wearable stuff. We have to cater to that.” 

Carrying a variation of garments, Brooklyn Boutique serves an array of styles. Calling back to her experience in retail, Tyni implements the variation found at larger stores at her boutique. From trending tank tops to evening attire, Brooklyn Boutique aims to meet every need–even men’s wear. “We’re getting a lot of men that are interested.” Paul says, “There’s just not a lot for men at your usual boutique.” 

In the future, the Lazzaros hope to increase Brooklyn Boutique’s selection of merchandise that reflects their cultural background. “I’m from Ecuador and he’s Italian,” Tyni says. For me it’s important to bring little spurts of my culture.” Currently, they have Tagua bracelets, amazingly made from palm tree nuts native to the tropical rainforests of Ecuador.

Brooklyn Boutique is an appreciated addition to Sarasota’s blooming fashion scene. From adorable glass mugs to stylish, practical clothing, Brooklyn Boutique just might have what you need.

Brooklyn Boutique, 407 South Pineapple Ave., 941-444-7265. 

Pictured: Tyni and Paul Lazzaro bring New York style to Sarasota with Brooklyn Boutique. Photo by Eliana Burns.

For more information click here

[Celebration]  Michael Saunders and Company Celebrates 48 Years

Local independent brokerage Michael Saunders & Company held its annual sales meeting at the Hyatt Regency Sarasota on May 16th. The theme of the event was “Culture, Commitment, and Collaboration.” Celebrating its 48th year as the leading luxury brokerage on the Suncoast, Founder and CEO Michael Saunders emphasized the company’s supportive culture, unique collaborative spirit, and strong community ties that have made Michael Saunders & Company a leader in the local real estate market. Addressing the recent chatter in the real estate industry about the proposed changes from the National Association of Realtors (NAR) settlement, Saunders reassured the 420+ agents in attendance. She reflected on the numerous challenges they have overcome in over 48 years, including “technological advancements, globalization, the internet revolution, shifts in demographics and consumer preferences, a major recession, and a global pandemic. As a company, we met each challenge head-on, adapted to the changes, and, as a result, Michael Saunders & Company became stronger.” She continued, “Nothing has happened that will change the essence of who we are as a company or the value we provide. We are a full-service company that provides exceptional services. This has been who we are, and that will not change as we go forward.” Members of the leadership team, Chantè Blough, Chief Marketing Officer, and Chip Murphy, Vice President of Business Development, then took the stage to discuss the game-changing applications of artificial intelligence (AI). They demonstrated several ways AI can assist real estate agents by enhancing efficiency and accuracy while emphasizing the irreplaceable human element fundamental in real estate. "Our industry thrives on personal connections, a deep understanding of client needs, and the nuanced art of negotiation—qualities that are inherently human," Chantè stated. President Drayton Saunders commented on the substantial growth in the market, highlighting expanding communities in Parrish, Ellenton, Lakewood Ranch, and Wellen Park. He also announced the exciting news that a new branch office will open in Wellen Park next year. Keynote speaker Matthew Ferrara, writer, philosopher, photographer, and renowned speaker in the real estate industry, delivered an inspiring talk on setting clear goals, unleashing the power of your mindset, and utilizing your skill set and sphere of influence to grow your business and achieve success. He also pointed out that consumers are using realtors more than ever, citing 93% of consumers used a realtor in 2023 compared to 77% in 1997. Final guest speaker Marci Rossell, former CNBC Chief Economist and current Chief Economist for Leading Real Estate Companies of the World, provided keen insights into the year’s economic outlook. She posited that the Federal Reserve will likely lower rates this year, but probably not until September. Rossell also clarified that, based on history, elections do not significantly affect the economy. She concluded her talk by stating that the future is optimistic and that “the implementation of artificial intelligence is lifting productivity, which will ultimately lift the standard of living.” 



[SOON]  BUSINESS: How animated videos can be a game changer for your social media efforts , May 31, 12pm
Dylan Healy will give an industry perspective on the animation industry, and its benefits to potential clients, and showcase their work and who they are at Animation Explainers. Free, online webinar. score.org/manasota.
[SOON]  BUSINESS: Sarasota County Connect Business Networking and Panel Discussion , May 9 – July 11, 5:30-8pm

Offered in conjunction with 26 West, the State College of Florida Center for Advanced Technology and Innovation, the monthly Sarasota County Connect Business Networking and Panel Discussion series held through July is for those interested in entrepreneurialism. The program taps into the fast-growing small business climate. Upcoming sessions include: the May 9 workshop with Zeev Wexler, a digital industry leader, marketing automation disrupter and the CEO of a growing marketing firm, who will present on brand-boosting with AI, the June 13 session which features Problem-Solving for Entrepreneurs by Stephen Diasio, a podcaster and professor of entrepreneurship and innovation at the University of South Florida, and July 11 Business IDEA Lab, community forum moderated by Chris Williams, managing director of a Sarasota digital marketing firm, offers an opportunity for participants to share business ideas and gain expert feedback. Sarasota County Connect events run from 5:30 to 8 p.m. and are free with advanced registration required at 26west.scf.edu/sarasotaconnect.

[SOON]  BUSINESS: Collaborative Coworking Meetup at UTC , September 1 – December 27, 11am-4pm

Attention all business professionals, join us for a productive and inspiring coworking event at Panera Bread at the UTC Mall every Friday. Take advantage of this opportunity to network and collaborate with fellow professionals in a relaxed and comfortable environment. Limited spots available, so register now on Eventbrite. Panera Bread, 215 N. Cattlemen Road, Sarasota.

[SOON]  BUSINESS: Business Networking and Cowork Session , August 22 – June 25, 11 a.m. to 4 p.m.

Attention all business professionals. Join us for a productive and inspiring coworking event every Tuesday at Out and About Coffee in downtown Sarasota. Take advantage of this opportunity to network and collaborate with fellow professionals in a relaxed and comfortable environment. Limited spots available, so register now on Eventbrite. O and A Coffee Supply, 1316 Main St., Sarasota.

[SOON]  BUSINESS: Lets Connect at Oscura in Old Manatee , August 31 – December 26, 8:30-10am

Connect with local business owners at every Thursday at Oscura. Lets Connect is a community of collaborative business professionals from the Manatee and Sarasota County areas. RSVP on Eventbrite to attend, admission is free.

[SOON]  MUSIC: Jazz Thursdays , January 11 – June 13, 5:30 pm-8 pm

Join us for live jazz at Sarasota Art Museum, hosted by the Jazz Club of Sarasota, featuring Hot Club of SRQ, and extended hours in the galleries, Bistro, and SHOP. Sip on refreshing cocktails and enjoy small bites in the Bistro. Each second Thursday of the month features a different style of jazz, from straight-ahead to free jazz, bebop to swing-programmed in partnership with Jazz Club of Sarasota. Galleries are open until 7 pm on Jazz Thursdays. Learn more and purchase tickets at sarasotaartmuseum.org.

[SOON]  GALLERY: Byzantine Style Icons , April 7 – June 28, Gallery hours: Mon-Thurs. 9-1, and Sundays 11:30-12:30. June will have no Sunday hours.

All Angels Church is delighted to offer an exhibition of Byzantine-style icons by noted iconographer Christine Simoneau Hales. Since the beginning of Christianity, icons have been revered as aids to prayer and contemplation. They are visual reminders of the Saints and Gospel stories that have inspired all Christians throughout the ages. Ms. Hales has studied for many years and now teaches and produces icons for churches and private collectors. She is sought after for her modern, yet traditional icons for churches all over the world. She has won several grants and awards for her painting and is now a local Sarasota iconographer. She will share the icons she has crafted in the ancient Byzantine Tradition using egg tempera paints and gold leaf gilding on wood panels. There will be over twenty original icons on display, and all icons will be available for purchase by contacting the artist/iconographer. To learn more, visit allangelslbk.org/.

[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]  FOOD: Farmers Market at Lakewood Ranch , September 3 – September 30, 10am-2pm

Experience some of the best food and flavors of the region with more than 100, and still growing, curated vendors. The Farmers Market at Lakewood Ranch has fast become a favorite weekly tradition for people from all over the region seeking farm-fresh produce, delicious prepared foods, and specialty items and gifts. Aside from all the goodies you can shop at the Farmers Market, find your flow in a free yoga class or have the kiddos get creative during weekly-hosted workshops. 1561 Lakefront Dr., Lakewood Ranch.

[SOON]  SEMINAR: Divorce Support Group , May 1 – January 6, Every Wednesday from 5-6:30pm

The Womens Resource Center presents a Divorce Support Group facilitated by Paula Falk, BS. This in-person, free program happens every Wednesday, 5-6:30 p.m., starting May 1, at the Womens Resource Center Sarasota, 340 S Tuttle Ave., Sarasota. Participants can attend one or all of the sessions. To register, visit www.mywrc.org/divorcesupportgroup. For more information, call 941-366-1700.

[SOON]  FOOD: Siesta Key Rum Distillery Tours , September 2 – September 30, Various times

Siesta Key Rum runs free year-round tours for guests to learn the story of the craft distillery, the awards they have won and the secret to how they make their rums taste so good. During our 30-45 minute tour we will discuss the following topics: history of Siesta Key Rum, an overview of the awards our small company has won, what makes our rums taste so good, the rum-making process from mashing and fermentation to distillation, barrel aging and bottling of our rums. After the tour, we welcome you to sample a freshly made Siesta Key Rum cocktail, stock up on your favorite rums and browse our gift shop. 2212 Industrial Blvd., Sarasota.

[SOON]  GALLERY: Clyde Butcher: Nature Through the Lens , November 11 – August 31, N/a

Clyde Butcher: Nature Through the Lens will be on view through August 31, 2024 at the Historic Spanish Point campus. Selby Gardens is excited to present the extraordinary imagery of photographer and conservationist Clyde Butcher throughout the grounds of the Historic Spanish Point campus. Large-scale prints on aluminum of Butcher’s beautiful photographs of plants, animals, and habitats of Florida will be exhibited amid the natural landscape of the 30-acre waterfront preserve, enabling the public to engage with the artist’s work like never before. In the tradition of earlier landscape photographers like Ansel Adams, Butcher captures the beauty and majesty of America’s natural treasures in dramatic black and white. The unique environments of Florida have been subjects of particular interest to Butcher since the 1980s, when he was first introduced to the magic and mystery of sites such as Big Cypress National Preserve and Everglades National Park. Nature Through the Lens will include Butcher’s photographs of regional locales such as Myakka River State Park and Casey Key. This exhibition is presented in partnership with the Clyde Butcher Gallery & Studio in Venice, Florida. For more information, visit selby.org.

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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