October 2012 Sales Jump 24 Percent over Last Year

The following is the Sarasota Real Estate Market Report for closed busines in October of 2012.  The following statistics and charts come from the Sarasota Association of Realtors report that was published for the public on November 16, 2012.

Members of the Sarasota Association of Realtors® sold 719 properties in October 2012, a robust 24 percent increase over last October’s figure of 577 total sales. The sales total was also 10.9 percent higher than in September, when 648 properties changed hands.

The category totals were 516 single family homes and 193 condos sold, compared to last October when only 412 single family and 165 condos were sold. Over the last several years, the local real estate…

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This past week the Sarasota Herald Tribune Reported that an investment firm from New York has begun purchasing single family - 3 bedroom-2 bath homes for rental properties in the Sarasota and Manatee Counties. The real estate market in southwest Florida has made some significant turns and investment groups like Blackstone and others are making significant investments in the area.  Please find the complete article below by John Hielschier and Michael Braga, staff writers for the Sarasota Herald Tribune.

Firm Scoops Up Area Properties

By John Hielscher and Michael Braga,
Staff Writers for The Sarasota Herald Tribune

Giant real estate investment firm Blackstone Group has launched an ambitious campaign to buy distressed properties in Southwest…

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Country Club of Sarasota Homes for SaleI just sold this home in The Country Club of Sarasota on Prairie Dunes Drive for $360,000. This is a faboulus home that features 3 bedrooms and 3 full baths with just over 2,060 square feet of living space with a 2 car garage and pool.  The home is positioned with a southerly exposure and direct views on the Prestancia Golf Course.  It has been tastefully decorated in soft neutral colors and had many upgrades including the long list of the following:

·         New Roof
·         New Hurricane Impact Windows
·         New A/C System
·         New Stainless Steel Refrigerator, Stove, Microwave, Dishwasher
·         New Washer and Dryer
·         New Granite Counter Tops
·         New Marble Back-Splash in the Kitchen
·         New Ceiling Fans
·         New…

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