Sarasota Real Estate Information - Sarasota Real Estate Reports

Sarasota Real Estate Market Report for December and the Year 2011

Please find below the market report from the Sarasota Association of Realtors for the closed December 2011 Business.  This is not only the numbers for December but they have also included the year end perspective.

Overall the year 2011 sales are up 8.2 percent achieving the highest sale level since 2005 and prices have stabilized over this past year.  This is good news for both the buyers and sellers.  Sellers are realizing that if they want to move, because of the low inventory, houses that are coming onto the market are being seen quickly.
 

At the end of December I brought a new listing onto the market and had 6 offers in the first few days.  With one of those offers being accepted as a cash closing in 2 weeks.  This is not an uncommon story.  The…

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Real Estate Sarasota - Market Update for November 2011 Closed Business

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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Sarasota Real Estate Inventory and Prices June 2011

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

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

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. 

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 Downtown Waterfront Condo Sells

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.

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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Why using a Sarasota Real Estate Agent is Important

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 Market Update for the Month of May 2010

Sarasota Market Update for the Month of May 2010

Sarasota Real Estate Market at the Highest Level since 2005: Prices Remain Stable

The following information has been taken from the market report given out from the Sarasota Association of Realtors.  These are the market report numbers that have been recorded for business in the month of May 2010. 

Property sales in May 2010 in the Sarasota market once again hit the highest total since 2005 and median sale prices continued the steady pace observed in recent months.  The 766 sales were the highest for the year, topping the April 2010 total of 757, and were the highest total since December 2005, and 51.3% higher than the May 2009 total of 506 sales.  Pending sales were once again strong, hitting 857, but were…

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Sarasota Market Report Update for the Month of March

Sarasota Market Report Update for the Month of March

The following report is taken from the Sarasota Association of Realtors, in Sarasota, Florida.  Just released information to the public today April 14, 2010.   This is a good news report.  I just met with a buyer who is moving from Tampa, he told me that he wants to move to Sarasota because you can get much more house for your money than you can in Tampa. 


“Sales skyrocket in March 2010; real estate market appears strong”
“Overall property sales reached 753 in the Sarasota market in March 2010, the highest total since December 2005 and more than 56 percent higher than March 2009. Pending sales were also robust, standing at 1,060 - the highest total in the past four years. But perhaps the most telling…

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