All posts by sarasotarealestate

Correctly Pricing Your Sarasota Real Estate Listing

If you are thinking of listing your home or condo, it is critical that you price it correctly.  More than ever, correct pricing is the most important factor for getting your home or condo sold.  A current appraisal, a comparative market analysis (CMA), and an experienced agent are three tools that will help determine the appropriate listing price for your home or condo.  Very often, short sales and foreclosures are your competition.  No matter what you think your house is worth, it is only worth what a Buyer will pay for it.  Don’t be emotionally attached to your home and get an expert to do the pricing if you really want to sell.  You need to know your competition, not just what has sold in the last three months.

Sellers who price their homes realistically by competing with foreclosure and short sales will sell their homes in a reasonable amount of time.  Some Sarasota real estate listings that are priced agressively, receive multiple offers and sell for more than their asking price.  Investors know the market and they are looking for foreclosures and deals to fix up and sell again.  These same buyers are Internet savvy and keep up to date on properties the minute they hit the market.

You can sell your home too!  As long as there are buyers visiting properties, making offers and successfully negotiating prices, homes will sell.  Talk with an experienced Sarasota real estate agent to help you successfully sell your home.

Some waterfront properties and exclusive neighborhoods are doing extremely well.  Homes are selling above their asking price as buyers who keep a close eye on the market step in to negotiate a price with sellers.  The John Allen Team can help you close your deals.

We have buyers looking for properties daily. Buyers want a deal, and deals are being made.  Give John Allen a call today at 941-544-6467 to help you with your purchase or sale of real estate.  Our Team can help you with all of your real estate needs.

Homes for Sale on Longboat Key Florida

Located just off the shores of Sarasota, Longboat Key, FL is home to some of the most exclusive and impressive homes on the Gulf Coast of Florida. There are currently 153 homes for sale on the island going all the way up to $13,000,000.

Longboat Key Single Family Home Inventory

  • Total Listings: 153
  • Highest Priced Listing: $13,000,000 (5965 Gulf of Mexico Drive)
  • Median Price: $1,325,000
  • Average Price: $1,932,079

To most residents of Longboat Key, the island lifestyle is all about enjoying the water – beach, bay or canal. Beachcombers enjoy 11 miles of gorgeous sand, while boaters enjoy homes on the Bay or canals with quick access to the Gulf of Mexico. Country Club Shores neighborhood is very popular with boaters.

Many of the homes on Longboat Key are 2nd or 3rd homes for their privileged owners. People from all over the world fall in love with this tropical island paradise. With so much to offer, it is no wonder why Longboat Key homes are so desirable.

The Longboat Key Florida real estate market has been brisk with activity. There are currently 24 homes under contract and 43 condos and townhouses under contract. Give us a call or contact us at BuySarasota.com if you are considering a permanent move, vacation home or investment on Longboat Key. We’ve helped many buyers from around the find and acquire Longboat Key properties for their lifestyle and budget. If you prefer maintenance-free living, we can help you explore the many fabulous condo options including L’Ambiance and many others.

Kanaya Condo – Feng Shui in Downtown Sarasota

Kanaya in Sarasota FL
Kanaya in Sarasota FL

Balanced, healthy living is the central theme to Kanaya’s thirty-five Feng Shui inspired residences.  Located on South Orange Avenue, Kanaya is in a quiet downtown neighborhood steps from Burns Court, downtown’s theater district, and Sarasota’s finest shopping and dining.

Offering two floor plans, the Laurel units are 2,655 square feet with 3BR/2.5B, and the 24 Bamboo units are 3,026 square feet with 3BR/3.5B plus study.  Prices start at $699,000 and go up to over $2 million. Residences include spectacular views of the bay, gulf, and city, outdoor parks with contemplation paths, a rooftop garden and pavilion for 360 degree water and city views, and a spectacular entrance to the amenities level with a Japanese garden and saltwater aquarium.

Amenities include a 60 foot solar heated chlorine-free swimming pool, a spacious pool deck with a hot tub, labyrinth, and grill, infrared sauna, two separate gym areas: one with equipment dedicated to Pilates and yoga and the other with traditional cardiovascular exercise equipment, and a social room with an entertaining kitchen that flows out to the pool area.

If healthy living is your focus, Kanaya was meant for you!  All residences were built with formaldehyde-free insulation, granite countertops and cabinets shielded from formaldehyde release, reverse osmosis, charcoal filtered drinking water system, air conditioning with advanced filtration filtration systems, mildew resistant, no V.O.C. paints used throughout the interior, reduced electro-magnetic fields, and humidistats and positive ventilation to prevent mold and fungus in individual residences.  Even if healthy and green, the residences still feature life’s finer luxuries with elegant master baths, garden tub, spacious walk-in closets, and terrace access from the master bedroom.  The gourmet kitchen highlights several amenities including granite counters, European cabinetry with raised panel doors and under cabinet lighting.

Kanaya’s unique residences and theme are unrivaled. Contact us for a viewing of this unique, health-inspired, exclusive residential complex. We will also be happy to show you other downtown Sarasota condos that may interest you.

November Real Estate News

Below are some of the top national real estate news stories for the week ending November 13, 2009.

Mortgage rates remain below 5% Nationally according to Freddie Mac. The average rate for a 30 year home loan fell to 4.91%, down from 4.98% the previous week.

The National Association of Realtors announced that the recent homebuyer tax credit extension will have an additional benefit to US Armed Forces. U.S. Military, foreign personnel and intelligence service members who were out of the United States for 90 days during any part of 2009 will get an additional year to buy their homes with the tax credit.

National Foreclosure rates dipped 3% on October from September according to RealtyTrac.com. It was the third straight monthly decline. RealtyTrac attributed the decline to improved foreclosure prevention programs.

Investors are moving back into the market to take advantage of greatly reduced prices, according to Move.com.

The Federal Housing Administration announced that it is relaxing its condominium underwriting guidelines as a way of helping the struggling sector ride out the downturn. The move could help boost condo sales by making more FHA mortgages available to buyers.

Fannie Mae announced this week that it is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. This new “Deed for Lease” program will allow owners to transfer title to Fannie Mae in exchange for a one year lease.

Sarasota Florida Real Estate Sales Are Up

Home and condominium sales jumped 35% last month, compared to the same month in 2008 according to MLS numbers released by the Sarasota Association of Realtors. Sales were fuled by the $8,000 first time home buyer credit (this was just extended until the end of June 2010), and investors/buyers taking advantage of greatly reduced prices. Total unit sales for the month were 554 versus 409 for the same period last year. 399 single family homes and 155 condos were sold. Approximately half of the homes and a third of the condo sales were short sales or foreclosures. The SAR reports that most of the statistics point to a market that is in the recovery mode. Inventory levels have been steadily declining and are now at the lowest point since the real estate boom ended.

As we pointed our in a previous post, Barbara Corcoran believes that Sarasota, FL is the best real estate market in the United States to by a home right now. According to the interview, prices have stabilized and will be headed back up. She also points out that Sarasota is a sophisticated town with big city amenities and fabulous beaches.

Sarasota is Number 1 Market to Buy a Home in U.S.

Last month, Barbara Corcoran announced on the Today Show that Sarasota, Florida is the number one spot in the United States to buy a home. According to Corcoran, Sarasota prices have stabilized and will be headed back up. She also spoke about Sarasota’s world famous beaches (Siesta Key Beach is #2 beach in U.S. according to Dr Beach), fabulous weather and extensive cultural offerings.

Watch the Today Show interview below.

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