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.
Posts Tagged ‘Sarasota home sales’
The Concession Golf Club
September 14, 2009The Concession Golf club was just ranked in the top 100 courses in Golf Magazine’s 2009 Course Rankings. Other accolades include ranking among Golf Digest’s 75 Best Practice Areas and ranking in the top 10 Residential Golf Courses in the U.S. by Golf Week.
Related Links.
www.theconcession.com
www.golfhomesofsarasota.com
Sarasota Property Taxes
June 30, 2009Sarasota county recently approved the first property tax rate increase in approximately ten years. The modest increase which was approved was only a 0.3 percent increase. This increase was approved in part due to the decreasing property values which have come down from their peak of $63 billion to the current valuation of $47 billion.
Tortuga Siesta Key
June 3, 2009Recently I had the pleasure of spending some time with past clients, Mr. & Mrs. Dabagian. They purchased their beautiful penthouse at Tortuga condominiums on Siesta Key about 11 years ago. They had much to say about their satisfaction with their island home and the Sarasota lifestyle.
Real Estate Markets Stabilize
May 26, 2009The National Association of Realtors indicated that nationwide the total number of homes sales was up by 5.1% in February. In March the homes sales figures were up by 3.2% on average nationwide. In southern states sales were up 8.5% and 4% in the West. Four factors are thought to have contributed to the upward trend in real estate sales.
- Low prices are once again atractive to investors.
- Banks are lending to qualified buyers.
- Consumer confidence has risen.
- Sellers have begun to realize that homes are only worth what buyers are wiling to pay.
If you are waiting for the market to hit bottom, you may have already missed it. Since it takes a couple of months for sales to close and for reporting of sales figures, current sales data is based on activity hat began months ago. Right now it is a buyer’s market but buyers will loose some of their new-found leverage as prognosticators reach consensus that the market is in recovery.
Sarasota Foreclosures
May 14, 2009After a brief moratorium on bank foreclosures we are seeing a spike in foreclosure activity. March foreclosure activity amounts to a 40 percent increase over previous months. Other market indices point to a market recovery so current foreclosures make for wonderful opportunities for smart investing. If you are interested in purchasing distressed or foreclosed properties give me a call at 941-650-4626.
Median Home Prices Down; Sales Up
March 26, 2009In February the median home price was $144,000. That price is down some 43 percent from year ago and is now the lowest price since 2001. Pending sales in February hit the highest levels since April of 2006. The interest rates are low, the credit markets are beginning to thaw, all of which is leading to increased sales activity. Sales of homes in Florida increased twenty percent and 5.1 percent in the nation.
Heritage Oaks Condo for Sale or Rent
March 20, 2009I have a very nice condominium available for sale or rent at Heritage Oaks Golf & Country Club. This two bedroom two bath condo is on the second floor and has vaulted ceilings, a garage and beautiful lake and golf course views. This property is currently listed for sale at $180,000 and is available for annual lease at $1,500 per month. Heritage Oaks Golf & Country Club is a private gated community in which all residents enjoy full golf membership privileges.
Laurel Lakes
February 26, 2009Laurel Lakes is a wonderful family community on the east side of Sarasota. It is convenient to I75, Fruitville and Bee Ridge Roads. There are 291 homes in all and currently there are only 15 homes for sale. The lowest priced homes is a 4 bedroom home of 2,300 square feet. The highest priced home is $598,000. Many of the homes have views of the five beautiful lakes. This gated community features tennis, community pool and clubhouse with fitness facilities. The schools districts which serve this community are Tatum Elementary, McIntosh Middle School and Sarasota High.
First Time Home Buyer Credit
February 19, 2009Under the recently passed $789 billion economic stimulus package first time home buyers may receive a tax credit equal to 10% of the homes value up to a total of $8,000. Buyers who have not owned a home during the past three years are also eligible for this tax credit. Unlike previous programs, this tax credit is not required to be repaid unless the home is resold in the first three years of ownership. To qualify for this tax credit home buyers must complete their purchase before December first of this year.
Now is a wonderful time to be a first time home buyer. Priced are down and great deals can be made among the many bank owned properties. With a mortgage deduction on mortgage interest paid coupled with this tax credit buying a home at today’s prices may be a great financial decision.
Lake Club Update
February 3, 2009The Naples Based homebuilder, London Bay Homes which is developing one of Lakewood Ranch’s most prestigious communities, the Lake Club recently received over $17 million in investment capital from an unnamed investor. This new investor has obtained a twenty percent interest in the company. The Lake Club in Eastern Lakewood Ranch is a gated community of estate homes with many luxury amenities. Currently there are 15 homes for sale ranging from $1,300,000 to $4,208,850. The five most recent homes sales at the Lake Club range from $950,000 to $3,298,000. The average selling price was $1,621,600.
Sarasota Real Estate Sales Surge
July 7, 2008The number of homes sold each month continue to surge. May’s total of 627 homes sold was the highest in 14 months. It was also just over 90% higher than January’s sales total. each month this year that sales totals have risen from 329 in January to 423 in February, 514 in March and 567 in April. Inventory levels have been on a steady decline and are now the lowest they have been since February 2006. Now is a great time to buy. Inventory levels are still high and buyers have an advantage. Soon the market will begin to recapture the losses of the past couple of years.
Admirals Walk Condominiums
August 16, 2007
I have recently listed three one bedroom units in Admirals Walk. Each of these condominiums is priced far bellow the other units in Admirals Walk. These units, two priced at $139,000 and another at $135,000 are excellent values. The owner is willing to accept any offer received pending bank approval. This could be a good opportunity for someone to pick up three beautiful units with excellent rental potential or for three individuals to get a nice value on a great property. I have also listed a two bedroom unit with a loft that could be used as third bedroom or a den. It is currently priced at $239,000. As with the other units this one could be purchased as a short sale upon bank approval. In addition to these four properties listed for sale, I have a very nice three bedroom unit with a loft or den available for rent at $1,100 per month. To make viewing these properties at Admirals Walk easier, I have created a new website called www.admiralswalkcondominiums.com
Admirals Walk Condominiums
July 14, 2007Currently there are 33 units for sale at Admirals Walk. The prices range from $125,000 to $330,000. There is one pending sale at Admirals Walk. It is a 848 sq foot one bedroom unit with a garage priced at $117,900. It was priced very well because it was a foreclosure sale. Since the beginning of this year there have been three sales. Two of the sales were of two bedroom units which sold for $184,500, $197,000 and a three bedroom which sold for $240,000. The average days on market is 170 days.
You can visit www.sarasotajustlisted.com to view all of the available units for sale at Admirals Walk.
Sarasota Experience 