Archive for the ‘Real Estate Statistics’ Category

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Sarasota Home Prices Up 5%

November 12, 2009

I have always said that when there is a recession Sarasota is among the last to experience it and among the first to recover.  The National Association of Realtors indicated that homes prices have fallen in 8 of 10 cities in the US in the third quarter.  At $185,200, the median home price in the Sarasota-Bradenton area is up 5.3% from the second quarter of this year.  Total home sales in Sarasota-Bradenton for the third quarter of this year  topped 2,314 which was about the same as in Q2 but up 32 percent from last year.    The Today Show named Sarasota the number one place to buy and it looks like now is the time to buy.  Visit www.todayshowsarasota.com for more information.

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Siesta Key Condos

October 30, 2009

Currently on Siesta Key there are 374 condominiums for sale at an average price of $650,498. The highest price is a 4 bedroom 4 bath condo/townhouse unit at Waters Edge that is listed for $2,799,000. The lowest price condo is an efficiency unit at the Hyatt Siesta Beach, a fractional ownership resort which is listed for only $135,700.

So far this year 157 condominiums have been sold at the average price of $529,462. The highest priced sale closed at the selling price of $3,150,000. It was a 4 bedroom condo at Seagrove that was listed for $4,250,000. The lowest priced sale was $140,553 for a foreclosure unit at Bay Oaks.

At this time on Siesta Key there are 42 pending condominium transactions.  The average priced listing under contract on Siesta Key is $439,952.  Condominium sales on average are closing at 88.5% of their listed price.  There are some nice deals on Siesta Key right now so give us a call at 941-650-4626 or visit www.siestakeycondominiums.com for details about each condominium property.

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Florida Home Sales

October 27, 2009

Homes sales in Florida increased by as much as 34 percent in October marking the 13th consecutive month with increased sales as measure in year-to-year comparison.  There were 14,419 homes sold in September this year compared to 10,778 for the same period last year.  The increase in condominium sales was even more dramatic.  Statewide the sales of condominiums increased by 77 percent over September 2008 and nearly 9 percent over August of this year.  Over 5,000 condo were sold in September compared to 2,870 in September of 2008.  With so many good deals among foreclosures and short sales it is no surprise that sales are up.  If you would like to register to receive daily updates about foreclosures in our area visit www.bankownedpropertydeals.com .

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Florida Median Home Price

October 26, 2009

The median home price is Florida is currently $142,000.  This time last year it was 19 percent higher at $174,900.

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Sarasota Bank Owned Real Estate

October 9, 2009

With prices in Sarasota on the rise again, time is running out to get the best deals on bank owned properties and foreclosures. If you are interested in getting a list of foreclosure property deals in Sarasota, Bradenton, or the Keys or Lakewood Ranch, visit www.bankownedpropertydeals.com and register.  We are seeing an increase in interest among buyer and investors looking for properties since the The Today Show named Sarasota as the number one place in the country to buy real estate.  Don’t miss out, there are still some great deals.

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Today Show, Sarasota is Best Place to Buy Real Estate

October 6, 2009

The Today Show just aired a segment on Real Estate naming Sarasota as the number one place in the country to buy real estate.  Our beautiful beaches were mentioned and  Sarasota was described as “a sophisticated city, an urban city with all the things that sophisticated people like to find.”  They also stated that the median home price in Sarasota is $175,800 which is own 34% from last year and that there has been a 13% increase in property values since last quarter indicating that the market has bottomed and is increasing again.  If you are a sophisticated person, Sarasota is the place for you and now is the time to buy!  The market has turned around.  Visit www.todayshowsarasota.com to see the video.

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Sales Are Up

September 2, 2009

Sales volume has been trending up for each of the past six months, signaling the end of the  rapid price declines.  High volumes of foreclosures are expected to continue for the near future but will have a lesser effect on the market than they have in the past few years because there are now large numbers of buyers returning to the market to take advantage of lower prices and investment opportunities.