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Sarasota Real Estate Reports

Sarasota Real Estate Market Reports - In an effort to keep both buyers and sellers informed about our local market, we publish this information as it is given to the public from our local Realtor Association of Sarasota and Manatee County.  Please find below the monthly reports complete with charts and statistics for the local Sarasota market.  Click onto the month in which you would like to see, the latest market report will always be the first report that you see below.

Found 102 blog entries about Sarasota Real Estate Reports.

Please find below the latest statistics and information for Real Estate in Sarasota from the Sarasota Association of Realtors published this past week December 15, 2011. To view the article you can access it by visiting  “Sarasota Association of Realtors November Sales”

The Sarasota Real Estate market continues to show improvements with a declining inventory and stabilizing prices.  We at Michael Saunders & Company at the Palmer Ranch Office are seeing a volume of sales that we haven’t seen since 2005.  I personally have seen the effects of a low inventory creating a higher demand for properties across all price ranges.  One of my listings came on the market and on the first day we had 6 cash offers.  I am also seeing short sales closing much quicker

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The Sarasota Real Estate market continues to climb with a lower inventory of homes for sale and an uptick in the median prices.  As the news of the housing industry nationally can be grime and depressing, the Sarasota Real Estate Market is seeing a declining of the number of homes and condos for sale.  Inventory levels have shown a steady decline in the past 6 months to below what is considered a normal market. 

A normal real estate market is considered when the number of homes for sale and the rate of homes being purchased is at a 6 month level.  This is also referred to as the absorption rate.  The current inventory for single family homes in the Sarasota Real Estate Market is at a 5.9 month absorption rate.  Typically when the demand for houses is…
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The following article was written by Michael Saunders this past week.  As we move forward the Sarasota Real Estate market has recovered and is moving in a positive direction.  I wanted you to read what Michael is saying about Sarasota.
Enjoy!

Sara
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A Window Of Opportunity | Michael Saunders Real Estate Blog

http://www.thesaundersblog.com/a-window-of-opportunity/ June 27, 2011

Posted by Michael Saunders on June 21, 2011

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Throughout one of the strongest buyers’ markets in Florida real estate history, sellers have had precious little to feel cheerful about as they watched home prices deflate by as much as half from their boom-time highs of 2005.   But the clouds

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Borrower -  Beware of possible recourse with that short sale or foreclosure.

short_sales_beware 

Ever since short sales and foreclosures began several years ago, there has been a growing consensus of opinion that at some time banks and lenders were not going to continue to let the borrower “off the hook” for the money owed. 

That time seems to have come according to this article written by Michael Pollick on Sunday June 19, 2011 in the Sarasota Herald Tribune.  Homeowner & Condo Associations along with Banks are becoming proactive in recovering deficiency judgments for the money owed on short sales, foreclosures and association fees.

Visit the link below to view the complete article and read how this may effect you if you are going to be a short sale or a

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Siesta Key Sunsets

Siesta Key Sunsets

Siesta Key Sunsets are spectacular.  We often enjoy going for long walks on the beach of Siesta Key and having Siesta Key on the west coast of Florida gives us breathtaking water sunsets over the Gulf of Mexico.  Every time we are walking on the beach of Siesta Key you see rows and rows of people taking sunset pictures with their iphones, droids, small cameras, and very expensive large cameras on tri-pods. Siesta Key beach at sunset has become a very popular site for taking family pictures and for sunset weddings. 

Enjoy some of the latest pictures that I have taken of sunsets on Siesta Key. 

siesta_key_sunsets

Siesta Key Sunsets by Sara Leicht 

Siesta Key Sunsets 

Siesta Key Wedding Pictures 

Siesta Key Beach Pictures 

If you are thinking that you may want to enjoy this style of living on Siesta Key perhaps you would be interested in

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 Sarasota Real Estate Market Update

   In January’s Market Update I shared that the Sarasota Real Estate Market has seen some very significant improvements.  Even though national and global economics can influence the market, the bottom line has always been that real estate is local in nature.   Let me explain.  The price of a house in Boston has nothing to do with what a person is willing to pay for a house in Detroit.  A boom for houses in Seattle doesn’t effect a bust for houses in Nevada. So what has happened to make Sarasota real estate such a hot topic around the country and how does that effect you and me?

Sarasota Real Estate is Local not Global

Sarasota prices have adjusted over the last several years to the level of pricing that we experienced in 2000-2001.  Why? Because Buyers were…
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This 2 Bedroom 2 Bathroom Condo located at 11 Sunset Towers Unit #207 Closed on Friday morning for the asking price of $250,000.  It is a second floor end unit with views of the Ringling Bridge and the Sarasota Bay.  Sunset Towers is located directly next to the Ritz Carlton just before you cross onto the Ringling Bridge going towards St. Armands Circle.


Sarasota Downtown Waterfront Condos

Enjoy downtown living at its best!  Walk to Marina Jacks, stroll thru the park or take a jog over the Ringling Bridge.  Watch sailboats sail by from your 2 balconies.  Relax by the heated pool overlooking the bay. Enjoy the convenience of the SCAT bus stop across the street.  Walk next door for a leisurely dinner at the Ritz Carlton.  No worries, let someone else maintain the building.  Parking

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          This is the Sarasota Real Estate Market update for closed business in December with some year end numbers for 2010.

   The year of 2010 has proven to be a very busy and productive year for real estate, myself and my fellow agents at Michael Saunders & Company.  The Sarasota real estate market of 2010 saw an increase in unit sales over 2009 from 6,739 to 7,603, and in dollar volume a marginal increase of .5%.  

            I personally ended the year in the top 4% at the Sarasota Association of Realtors, finishing the year as the 116th realtor out of 3,400 realtors. 
Thank you for trusting and referring me!

            However, in one of the most challenging years ever Michael Saunders and Company agents closed company wide sales of $1.432 billion
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Why Using a Sarasota Real Estate Agent is Important.

This article from Harold Bubil, of the Sarasota Herald Tribune appeared in our local paper.  I think Harold does a great job in summing up the reasons for using a real estate professional in this market.  I recently received a call from a potential customer who was trying to navigate the waters of a purchase without using the proper professional to help him get the job done.  Don’t get caught in stormy waters.  Call a professional and then buy or sell your home and get the job done.


"Even with Web, help from a pro is needed"

By Harold Bubil

Published: Sunday, December 26, 2010 at 1:00 a.m.

The vast majority - 90 percent -- of home shoppers use the Internet to search for a new home,

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Sarasota Real Estate Market Update for December 2010

sarasota_real_estate_market_update_400

The following information has been taken from a report by the Sarasota Association of Realtors, dated Dec. 13, 2010

Local market enjoys sales as prices rise in November 2010

November 2010 saw a resurgence in the Sarasota Real Estate Market, with more sales and higher median sale prices indicating a healthy seasonal boost.

Sales in Sarasota:
There were 534 total sales reported last month, compared to 487 in October 2010 and 553 in November 2009.  The median sale price for single family homes rose to $160,100, from last month’s figure of $158,525.  The stability in the median sale prices shows signs of improvement.

November 2010    534       Median Price $160,100
October 2010       487       Median

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