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Sarasota Real Estate Sales Are Up

The Sarasota real estate market is making a nice comeback. When the housing bubble burst several years ago, many buyers took a break from one of south Florida’s most popular areas. Now, with Siesta Key taking honors once again in Dr. Beach’s Top 10 Best Beaches list, and Sarasota named as the Best Place to Retire by Portfolio.com in 2010, along with the unbelievable winter of 2011, buyers are back in full force. Florida was the only place in the United States that had no snow last month! With Sarasota’s near-perfect climate, beautiful beaches and incredible 80 plus golf courses, once again the Sarasota real estate market is on the move.

365 Things to do in Sarasota Florida
365 Things to do in Sarasota Florida

Visit our 365 Things to Do in Sarasota Florida page on FaceBook.com and Click the “like” Button to Discover all of the wonderful things to do here.

Many Sarasota real estate buyers have been traveling to the area including the barrier islands of Casey Key, Siesta Key, Bird Key, Lido Key and Longboat Key for decades. They visited as children, then as adults and now as retirees or second homeowners. Many try to time the real estate market, and with lower prices, lower interest rates and a considerably good inventory of homes, condos, town houses and villas, now may be the right time to benefit from the opportunities in the Sarasota real estate market. Gulf front and bayside condominiums are at discount prices as well as golf and country club resorts which offer amenities galore: golf, tennis, swimming, fitness centers and an array of social activities. Country clubs communities like Lakewood Ranch, the Oaks, Prestancia and University Park appeal to families as well as retirees and baby boomers.

Known around the world for its cultural offerings, the area offers more than just a warm climate, beaches, and resorts.  Sarasota Florida is home to the Florida West Coast Symphony, John and Mable Ringling Museum of Art, Sarasota Opera House, the Sarasota Orchestra, Asolo Theater, Van Wezel Performing Arts Hall and much more. Sarasota’s cultural amenities are numerous and include 30 independent theaters.

You can shop till you drop in Sarasota. St. Armands Circle shopping showcases outstanding specialty shops, restaurants and fashion boutiques. Downtown Sarasota real estate focuses on the new urban lifestyle and residents enjoy antique stores, specialty shops and the art galleries of Palm Avenue as well as outstanding restaurants, cafes and bistros.

2010 Sarasota Real Estate Activity

The Sarasota MLS system currently reports that over 6,000 single family homes sold in 2010 in Sarasota County. In addition, another 2,700 condos, villas and townhouses changed owners. The MLS system currently shows inventory of 3,900 homes for sale and 2,600 condos, townhouses and villas.

BuySarasota.comIf you are interested in learning more about real estate on the southwest coast of Florida, visit www.BuySarasota.com. Our comprehensive website has detailed information on hundreds of neighborhoods and condominiums. We have a team experienced Sarasota Realtors ready to assist you with all of your real estate needs.

Phone: Contact the John Allen Team direct at 941-544-6467

Sarasota Real Estate Stats Continue to Improve

Showing excellent sales and pending sales numbers, the  Sarasota real estate market continues to improve.  The Sarasota Association of Realtors released April sales today and they were even better than March sales. With 757 sales, the market recorded the highest total in almost 5 years. In addition, pending sales were at their highest level in four years.

The expiration of the homebuyers tax credit surely fueled the real estate market in Sarasota as it “hit the highest total sales in almost five years.”    Sales were 50% higher than April 2009. Pending sales were strong and rose to the highest total in the past four years.

President of SAR, Eric Shumway said in the SAR press release that “there was clearly a sense of urgency in April, reflected in higher closed sales as well as contracts written, as buyers attempted to purchase properties before the expiration of the  homebuyer tax credits.”  “There is a lot of enthusiasm and optimism among local real estate agents that the trend will sustain in the months to come.”

For the entire press release article: link:  http://www.sarasotarealtors.com/April2010Stats.pdf Read here.

University Park Homes for Sale in Sarasota FL

University Park Homes for Sale
University Park Homes for Sale

Behind a guarded gate just off University Parkway in Sarasota, you find homes for sale in University Park Country Club. The dramatic entrance boulevard winds through the tropically landscaped grounds. University Park’s pristine vegetation takes your breath away.  Previously, “Best Community Design in America” was bestowed upon University Park by The National Association of Homeowners. University Park has also won numerous other awards since its development.

Master golf course architect Ron Garl designed the golf course which is 4anked as one of Florida’s top golf courses, University Park’s course offers a challenging 27 holes of championship golf.  Information on the Club and golf course are available if you are interested in purchasing a home for sale in University Park.

Within its gates, University Park consists of 31 communities. Residents enjoy a resort lifestyle in maintenance free villas or larger estate styled homes. The University Park Country Club’s has one of the best Club Houses in the area as well offering its members 11 Har-Tru tennis courts, fitness facility, and many fitness classes too. Several choices of dining venues such as the Lakeside Room, the Park Grille and Café are available too.  The Card Room is reserved for “Members only.”

Currently, the Sarasota MLS reports its inventory of homes for sale in University Park Sarasota at 53 listings.  There are an additional number of villas available. Pending sales indicated in the MLS total 9 and in the last six months, 33 homes have sold in University Park Country Club.

If you are planning to retire in Sarasota, FL and are searching for a country club lifestyle with an active golf course community, the selection of University Park homes for sale may office you the perfect choice for your Florida move. Contact John Allen at 941-544-6467 for a consultation and an appointment to view homes for sale in University Park.

Never picked up a golf club in your life, and you aren’t going to now — it’s the beach in your dreams and always will be.  Take a look at the Lido Key homes for sale close to St. Armands Circle. You can relax at the beach during the day, shop on the Circle, take a break at your new home and wander back to the Circle for dinner.  Just another Sarasota lifestyle option!

Longboat Key Towers Condominium on the Beach

Longboat Key Towers
Longboat Key Towers

Located behind the gates of the Longboat Key Club, the Longboat Key Towers is home to 88 units.  The two buildings were completed in 1970 but recently underwent a $12 million renovation.  Providing its owners excellent on-site management, amenities include:

  • His and Hers Locker Room
  • Sauna
  • Fitness/Exercise Room
  • Gulf-front Pool/Spa

The Sarasota MLS currently reports 3 condos for sale at Longboat Key Towers on Longboat Key.  Sales prices range from $995,000 to $1,699,000.  There are no sales pending and one condo has sold in the last six months.  The selling price was $651,000.

Longboat Key Towers could be your place in the sun.  For showing information, prices and stats, give us a call.  Our agents know Longboat Key condos and regular show on the Key.  Some of our favorites include: En Provence, Sanctuary and Islands West.

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 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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