SRQ DAILY Mar 25, 2024
Monday Business Edition
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A significant jump in active listings could signal a shift in real estate activity in Sarasota and Manatee counties, particularly when it comes to the condominium and townhome market.
The Realtor Association of Sarasota and Manatee released February sales data showing the inventory levels for condos and town homes in Manatee County climbed to 6.2 months, and in Sarasota rose to 6.7 months. In February of 2023, there was just a 3.4-month inventory of units in Manatee and only a 2.8-month inventory in Sarasota, the marks of a definite seller’s market. Realtors consider a 6-month inventory a balanced market, and the numbers from February show that as the current state.
The single-family home markets in both counties also saw a rise in active listings, though both still have less than six months of inventory on the books. In Manatee County, there’s a 4.2-month supply of homes, up from 3.1 months a year prior. In Sarasota, the home inventory climbed to 5.2 months, shy of a balanced market but much higher than the 2.9-month inventory in February last year. The last time the market saw that type of rise in inventory in home listings was in March 2019.
“With increasing inventory, the real estate market is becoming more balanced for buyers and sellers. Rising median home prices and extended days on the market signal a healthier, stabilizing market, offering buyers and sellers ample time to negotiate,” said Tony Barrett, owner of Barrett Realty and president of RASM this year.
The median price of homes continued an upward climb in February, though for condos, it decreased in both counties. In the combined North Port-Sarasota-Bradenton combined metropolitan market, the median price for single family homes sits now at $500,000 compared to $490,000 the same time last year. But for the condo market, the median price market-wide dropped $380,000 in February last year to $375,000 in last month.
Meanwhile, the total number of home sales in both counties increased for the month, while total sales for condos decreased in Sarasota but increased in Manatee. Marketwise, there were 1,124 total home sales, up almost 10% from last February’s 1,023. But the combined total of 466 condo sales was down more than 5% from the 492 sales the same month in 2023. 
Graphic courtesy Realtor Association of Sarasota and Manatee.
With spring break in the rearview mirror, Avelo Airlines has an antidote for families and students yearning for their next vacation. Avelo is offering very low travel-inspiring fares from Florida’s Gulf Coast airports to cure the post-spring break blues. Avelo flies nonstop from Tampa International Airport (TPA) to Wilmington, North Carolina, New Haven, Connecticut and Philadelphia region’s most convenient airport – Wilmington Airport (ILG) with fares starting at $69*. Travelers can book their flights at AveloAir.com. Avelo flies nonstop from Sarasota Bradenton International Airport (SRQ) to New Haven, Connecticut and the Philadelphia region’s most convenient airport – Wilmington Airport (ILG) with fares starting at $90*. Travelers can book their flights at AveloAir.com. Avelo Airlines Head of Commercial Trevor Yealy said, “Creating long-lasting memories with family and friends doesn’t need to end when spring break does. We’re making it easy and affordable for those afflicted with the spring break blues to squeeze in one more long-weekend getaway to their favorite destinations before summer.” FUN FACT: Hello, Avelo! It rhymes, UH-VELL-O, like yellow or jello.
Kristine Smale has joined Christopher Alan Homes as vice president of strategic planning. With experience in strategic market analysis, Smale will lead the company's expansion into new markets and strengthen its presence in Southwest Florida.Smale’s previous positions include senior vice president of advisory at Zonda and vice president at John Burns Real Estate Consulting. She holds a bachelor’s degree in business administration from the University of Iowa and also has a certificate in Urban Real Estate from the University of Illinois-Chicago. Smale is on the executive board for ULI Southwest Florida and will become chair in June 2024. She also serves as treasurer for the Real Estate Investment Society of Southwest Florida. Smale is also a board member for the West Coast Florida March of Dimes. Headquartered in Southwest Florida, Christopher Alan Homes is a preferred single-family builder in Babcock Ranch, America’s first solar-powered town; West Port; Burnt Store Village and Deep Creek. The builder-owned company also builds on individual homesites in Charlotte, Sarasota and Lee counties in Southwest Florida and Palm Bay on Florida’s East Central Space Coast. Christopher Alan Homes ranked is the only local homebuilder among Southwest Florida’s top five builders for single-family residential permitted units, a ranking it held for the third consecutive year in 2023. For more information about Christopher Alan Homes visit christopheralanhomes.com or call 855-44-MYCAH.
PulteGroup has closed on the first phase of what will total 430 acres of land in Pasco County and plans to develop a Del Webb active adult community with 696 homesites and an expansive amenity campus. Del Webb River Reserve will feature high-end amenities, including private clubhouse with bar and grille, resort-style lap and resistance pools, pool-side firepit, a fitness center, pickleball and bocce courts, yoga lawn, a dog park, gathering rooms and lounge, extensive walking trails, community garden and a food truck plaza. Land development permits are expected to be finalized this Spring 2024 with model homes slated to start by the end of 2024. Del Webb River Reserve will offer a mixture of 40’, 50’ and 65’ wide homesites and will highlight Del Webb’s Gen You floorplans which have been fine-tuned utilizing feedback from homeowners. Prospective homebuyers will be able to choose from several one-story homes offering open designs for entertainment, additional space for visiting grandchildren, energy efficient construction, ample storage and two and three car garages. This gated community is tucked in nature off Shady Hills Rd, just north of State Road 52 near the headwaters to the Cotee River with several homesites offering views of water, conservation areas and nature. For more information or to add your name to the VIP list, please visit www.delwebb.com/RiverReserve.
S-One Holdings Corporation is honored to be recognized as a USA Today Top Workplaces 2024. “We’re thrilled to receive this national honor by USA Today, and more importantly by our team members who have shared their positive feedback of enjoying their S-One experience,” stated Art Lambert, Co-Founder, S-One Holdings Corporation. “With an average of 9.5 years of service, we’re proud of our team member loyalty and the success they’ve brought to their careers, our company, and our customers—all while giving back to the communities we serve.” This list is based on employee feedback gathered by a third-party survey administered by employee engagement technology partner Energage, LLC. The confidential survey measures 15 culture drivers that are critical to the success of any organization including alignment, execution, connection, and more. All Top Workplaces awards are based solely on employee feedback. There are no subjective elements to the process, making Top Workplaces the most credible, authentic employer recognition program. Top Workplaces are determined on quantitative employee feedback, as well as the statements and demographic information that Energage collects within the Workplace Survey. “Earning a Top Workplaces award is a badge of honor for companies because it comes authentically from their employees, said Eric Rubino, Energage CEO. “That’s something to be proud of. In today’s market, leaders must ensure they’re allowing employees to have a voice and be heard.”
Manatee Memorial Hospital (MMH) is proud to announce that the Surgical Review Corporation (SRC) has reaccredited the robotic surgery program at Manatee Memorial. The SRC accreditation program recognizes Manatee Memorial Hospital demonstrates and unparalleled commitment and ability to consistently deliver safe, effective, evidence-based care. This accreditation helps patients identify providers that have met rigorous standards for delivering high-quality perioperative and long term, follow up care. SRC’s accreditation program requirements and evaluation process were developed in conjunction with industry leaders. A rigorous inspection, recently conducted by SRC, has concluded that Manatee Memorial has once again met or exceeded these comprehensive requirements and is truly committed to excellence. “This is a testament to all the team members who comprise the surgery department. From sterilization, anesthesia, pre-op and post-op nursing teams to the surgeons themselves, it takes a high functioning group of highly trained professionals to earn this designation. I am so proud of what these folks do every day.” Tom McDougal, CEO of Manatee Memorial Hospital.
Christopher Alan Homes was honored by Lee BIA Builders Care as its 2023 Contractor Partner of the Year in appreciation of Christopher Alan Homes’ contributions to building a new home for Fort Myers resident Nancy Jackson and her family. Since 2005, Lee Building Industry Association Builders Care has assisted individuals and families with repairs such as A/C repairs, wheelchair ramps, roof replacements, and remodeling projects. These projects enable deserving elderly and/or disabled homeowners to reside safely and comfortably in their homes. To learn more, visit leebuilderscare.org.
Sarasota Memorial Health Care System earned a 5-star rating on Newsweek’s 2024 list of “America’s Greatest Workplaces for Women.” It is the only hospital on the Suncoast to be recognized on the list. The health system has grown dramatically in the last few years and is now Sarasota County’s largest employer with more than 10,000 employees working across its two hospital campuses, freestanding ER, and network of outpatient care centers. Sarasota County Public Hospital Board Chair Sarah Lodge expressed gratitude to SMH leaders for creating a workplace that prioritizes work-life balance and equips employees with the support and resources to perform well each day. To determine the rankings, Newsweek surveyed more than 142,000 women, and received more than 848,000 company reviews in 2022 and 2023. They also collected data on women in the workplace, women in leadership positions, and metrics including compensation and work-life balance. This is the second time Newsweek has released this list. The full list is published online at: https://www.newsweek.com/rankings/americas-greatest-workplaces-women-2024.
A CLASS ACT | Students at Emma E Booker Elementary feel the love when they walk into Ronnique Major's fifth-grade classroom, April 2024.
UF/IFAS Extension South Florida Beef-Forage Program is hosting Ranching Foundations on Friday, April 26 from 9 A.M.-3 P.M. This program is perfect for beginners new to ranching as well as established professionals looking to stay up to date on the latest research. Located at the Range Cattle Research and Education Center in Ona, participants will rotate through cattle management classes covering topics such as calf care, heifer management, cow management, bull management, and the legality of selling meat from the ranch. Admission is $40 per person and includes lunch and educational materials. Register at ranchingfoundations.eventbrite.com.
For more than a decade, Theresa Caputo, known worldwide as the Long Island Medium, and star of the new Lifetime Series Raising Spirits, has touched the lives of millions of fans, comforting supporters when they need it most. Now Sarasota fans will get their chance at healing when the acclaimed medium and beloved personality appears live at the Van Wezel Performing Arts Hall on Thursday, April 11 at 7:30pm. Known for her unique ability to communicate with those who have passed on, Theresa Caputo Live: The Experience brings Theresa face-to-face with her fans as Spirit guides her through the audience. A full-stage video display ensures that everyone in the theater has an up-close experience regardless of seat location. Through personal life stories, candid humor, and intimate details about her gift to communicate with those who have passed, the beloved television personality and best-selling author delivers healing messages to her audience, reassuring them with the revelation that their deceased loved ones are still with them, just in a different way. Recognized as one of the most renowned mediums for over 20 years, Theresa Caputo Live: The Experience is an awe-inspiring event you will not want to miss. Learn more about Theresa at www.theresacaputo.com. Tickets start at $64.23 and can be purchased at www.VanWezel.org, by calling the box office at 941-263-6799 or by visiting the box office. Pre-show dining is available through Mattison’s at the Van Wezel which is located inside the theatre. Reservations can be made on VanWezel.org or through the box office.
This community-centric luncheon will showcase Conservation Foundations local impact and the urgency and importance of land conservation here in our region. In celebration of twenty years of protecting Southwest Floridas land and water, the not-for-profit land trust asked individuals from across their conservation community to share their thoughts in a new 20th Anniversary video series. Featuring interviews with prominent community members and leaders reflecting on twenty years of collaboration and conservation, this compelling retrospective will premiere at the April luncheon. Immediately following the video premiere, Christine P. Johnson, president of Conservation Foundation will moderate a panel of local experts sharing their unique insights into land conservation, the environment, and our community. This captivating program takes place at 11:30 am on Tuesday, April 9, at Michaels On East. Individual tickets are $50. Sponsorships start at $500. Tickets and sponsorships are available now at conservatonfoundation.com.
Join us for a day of fun and outdoor adventure at the Wild About Nature Festival on Saturday, April 6, 2024 from 11:00 am to 4:00 pm. Reconnect with the great outdoors and help foster a love of nature in the next generation as you spend a day in the sun on the beautiful shores of Little Sarasota Bay at Bay Preserve. Families of all ages are encouraged to take part in this fun-filled day of nature-based education and exploration. The wide variety of activities includes dip-netting, face painting, hula-hoop lessons, crafts, games, and more. There will be live music and food trucks making this a guaranteed good time. This is a FREE family festival open to all. Registration is not required. The event will take place at our Bay Preserve headquarters located at 400 Palmetto Ave. in Osprey. For more information, visit conservationfoundation.com.
A sales funnel is a marketing term describing where your customers are in their purchasing journey and what marketing tools you can use to guide potential customers from interest to purchase. In this webinar, you will learn how to use sales funnels to grow your business, automate your marketing tasks, create a complete customer journey map and determine your business KPIs so you can easily track what is working and what is not. Free, online webinar. score.org/manasota.
Norman Love Confections just relocated its Sarasota chocolate salon to a new address within The Shoppes at UTC at 8109 Cooper Creek Blvd., University Park. To celebrate, NLC will host a re-grand opening event on Monday, April 1 at 11:30 am. The grand re-opening event will feature a ribbon-cutting ceremony with the Greater Sarasota Chamber of Commerce, and remarks from Chef Norman Love and Norman Love Confections CEO Lisa Fisher. Live entertainment and complimentary refreshments will follow the ceremony. The first 25 people to arrive will receive complimentary swag bags. For more information, visit normanloveconfections.com.
For entrepreneurs, time is money. Don’t settle for low-paying clients when, with the same amount of effort, you could attract high-paying clients like major corporations and potentially double your sales income. In this valuable webinar, bestselling author and USA Today small business columnist Steve Strauss will show you how to find high-paying clients who will give you the highest return on your time and effort. In this webinar, you will learn how to pitch to high-paying clients, convince them to say yes and land a high-paying client that will lead to more high-paying clients. Free, online webinar. score.org/manasota.
The 2024 Stage III Series lineup at Florida Studio Theatre features three daring plays penned by award-winning playwrights. The third play in the series, White Chip, follows the character Steven. Steven is on top of the world: he is married, has good friends, and is steps away from his dream job running one of the hottest theatres in the country. He also happens to be an alcoholic spinning out of control. Follow his life from first sip to first love, critical hit to critical care, all the way to rock bottom, where he carves an unusual path to sobriety. Part of The Recovery Project, The White Chip is a wry and wild theatrical journey to recovery. Learn more and purchase tickets at FloridaStudioTheatre.org.
We are thrilled to announce the launch of our new line of live online courses featuring the expertise of Dr. David Miano. In this six-part series, we will study the emergence of the first complex societies in the ancient Near East, beginning with the earliest settlements in the Epipaleolithic period and finishing with the development of the first empire in the mid-third millennium BCE. We will pay special attention to how societies grew across the expanse of time, from small hunter-gatherer villages to large consolidated states, taking a close look at the invention of agriculture, the wheel, bronze metallurgy, writing, literature, and the development of religion and government. To do this, we will rely on material remains, primary source documents, and art, which illuminate the unique features of ancient Near Eastern societies. Enroll now to take advantage of this exclusive opportunity to learn from one of the best, live on Zoom. To enroll and learn more, visit mianoacademy.org.
Art Center Sarasota presents Through Sorrow into Light by Natasha Dikareva features a new body of freestanding and wall-hanging ceramic sculptures, expressing the perspective of the Ukrainian-born artist on the current sociopolitical climate. Artist Talk on Thursday, March 28, 5:30-7 p.m. To learn more, visit www.artsarasota.org or call 941-365-2032.
Enjoy a day of art and family fun at Sarasota Art Museum. On the second Sunday of each month, we offer free admission for visitors, special performances, and art-making activities for the whole family. To learn more, visit sarasotaartmuseum.org.
Do not miss the opportunity to witness the fascinating dynamic between Shakespeare and Marlowe as their secrets unravel on stage. Born with Teeth runs through March 29, 2024. Visit asolorep.org for a full performance schedule. Tickets start at $35 and are available now in person at the Asolo Rep Box Office at 5555 N. Tamiami Trail, by phone at 941-351-8000 or 800-361-8388, or online at asolorep.org.
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