Posts Tagged ‘Sarasota home sales’

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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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The Concession Golf Club

September 14, 2009

The 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

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Sarasota Property Taxes

June 30, 2009

Sarasota 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.

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Tortuga Siesta Key

June 3, 2009

Recently 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.

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Real Estate Markets Stabilize

May 26, 2009

The 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.

  1. Low prices are once again atractive to investors.
  2. Banks are lending to qualified buyers.
  3. Consumer confidence has risen.
  4. 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.

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Sarasota Foreclosures

May 14, 2009

After 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.

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Median Home Prices Down; Sales Up

March 26, 2009

In 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.