{"id":3759429,"date":"2020-04-27T11:59:50","date_gmt":"2020-04-27T15:59:50","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3759429"},"modified":"2020-04-27T12:03:50","modified_gmt":"2020-04-27T16:03:50","slug":"joel-schemmel-talks-sarasota-real-estate-and-why-it-is-a-great-place-to-quarantine","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/joel-schemmel-talks-sarasota-real-estate-and-why-it-is-a-great-place-to-quarantine\/","title":{"rendered":"Joel Schemmel Talks Sarasota Real Estate And Why It Is A Great Place To Quarantine"},"content":{"rendered":"

\"Sarasota\"Photo Credit: Shutterstock<\/span><\/p>\n

Editor’s Note: Sarasota real estate expert Joel Schemmel gives his insight about the luxury real estate market and things to do in the area during Spring.<\/em><\/strong><\/p>\n

How do\u00a0new and older\u00a0constructions compare in price in Sarasota?<\/strong><\/p>\n

The age of construction does materially impact price in the Sarasota Market. This is especially true when you are looking at waterfront properties. First and foremost, new building codes require homes to be elevated above base flood elevation. Therefore, most new homes are elevated above ground vs. older homes, which may be built on grade. Second, newer homes are generally built with hurricane protection for doors and windows, while some older homes do not have these features. \u00a0Finally, the overall cost of construction has gone up significantly in recent years. Because of these factors, the cost of newer construction is materially higher than homes that were built more than 10-15 years ago. The upside is that because of the new building codes and materials used, newer homes cost much less to insure.<\/p>\n

How is the Spring real estate season in Sarasota like?<\/strong><\/p>\n

The Spring real estate season in Sarasota is generally one of the most active. Due to residents that spend only part of the year here and vacationers, in the first quarter, we see our population surge. Historically, this has led to a very active market in the Spring. Of course, with the current COVID-19 situation, the Spring numbers will be off significantly. This is following a very good first quarter for 2020.\u00a0 Certainly, our hope is that the market reengages as efficiently as it can in a safe way.<\/p>\n

\"SarasotaPhoto Credit: Shutterstock<\/span><\/p>\n

What questions do you get about life in western Florida around this time of the year?<\/strong><\/p>\n

Many of the questions about life in Florida have changed in 2020 due to the COVID-19 situation.\u00a0 Our public beaches are currently closed, however boating and, in some situations, golf courses remain open\u2014of course, if you have a home or condo on the beach, you can enjoy it.\u00a0 The questions about life have evolved but the key components remain\u2014we have amazing weather and can get outside to walk, run, exercise, meditate, play with the kids, sit by the pool or enjoy an amazing sunset. It is, perhaps, one of the best places in the world to be required to stay at home.<\/p>\n

How did the first quarter of 2020 real estate perform in Sarasota?<\/strong><\/p>\n

The Sarasota market had a very strong first quarter.\u00a0 Below is a summary of Unit Sales for the 1st<\/sup> quarter of 2020 vs. 2019.<\/p>\n

Condo Sales<\/strong><\/p>\n

Priced from $4 million and up\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Up 50%<\/p>\n

Priced from $2 million to $4 million\u00a0\u00a0\u00a0\u00a0\u00a0 Even from year to year<\/p>\n

Priced from $1 million to $2 million \u00a0\u00a0\u00a0\u00a0\u00a0 Up 73%<\/p>\n

Single Family Home Sales<\/strong><\/p>\n

Priced from $4 million and up\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Down by 3 Units<\/p>\n

Priced from $2 million to $4 million\u00a0\u00a0\u00a0\u00a0\u00a0 Up 41%<\/p>\n

Priced from $1 million to $2 million \u00a0\u00a0\u00a0\u00a0\u00a0 Up 6%<\/p>\n

How do you overcome objections that can come at the end of a sale?<\/strong><\/p>\n

Our objective is to not have an objection at the end of a sale. We have been successful in closing all our pending sales despite the current environment. We spend a great deal of time upfront once we have a contract to get through, the inspection period, and\/or any other contingencies that are part of the contract.\u00a0 Once we get through those contingencies, we pride ourselves in proactively communicating about the process until a successful closing.\u00a0 Occasionally at closing, we will have a discrepancy for a repair or inventory item that is manageable through a small credit, or something along those lines.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sarasota real estate expert Joel Schemmel gives his insight about the luxury real estate market and things to do in the area during Spring.<\/p>\n","protected":false},"author":120,"featured_media":3759431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,750],"tags":[],"class_list":["post-3759429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate-talk"],"acf":[],"yoast_head":"\nJoel Schemmel Talks Sarasota Real Estate And Why It Is A Great Place To Quarantine<\/title>\n<meta name=\"description\" content=\"Sarasota real estate expert Joel Schemmel gives his insight about the luxury real estate market and things to do in the area during Spring.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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