Sarasota Real Estate Update for Siesta Key

For the second year in a row, Dr. Beach named Siesta Key Beach the No. 2 Beach in North America on its Top 10 Beaches list.  Siesta Key real estate along with Sarasota real estate realizes a boost each time they receive national attention.  The top beach report is timely this year with worries of the oil slick in Louisiana.  Sarasota beaches are just fine.

Sales on Siesta Key Florida have improved right along with the local Sarasota real estate market.  Buyer activity is robust with daily requests for information on this famous beach.  Condos are moving even with stricter lending requirements for significant deposits in buildings that allow liberal rentals.

Siesta Key Real Estate Activity Last 6 Months

  • Current Homes Listed: 174
  • Pending Home Sales:  43
  • Homes Sold:  82
  • Lowest Priced Home:  $269,000
  • Highest Priced Home:  $15,000,000

 Siesta Key Condos

  • Current Condos, Villa, Town Houses Listed:  410
  • Pending Condo Sales:  57
  • Condos Sold:  151
  • Lowest Priced Condo:  $150,000
  • Highest Priced Condo: $3,200,000

If you are planning to purchase Sarasota real estate, contact John Allen at 941-544-6467 with your parameters.  We can help you find a Sarasota home for sale or a condo on Longboat Key, Lido Key or downtown Sarasota!

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.

Sarasota Real Estate Marketing

The Sarasota real estate marketing team at BuySarasota.com has information on every barrier island published online as well as Sarasota downtown condos and the mainland.  In an effort to keep our customers updated on Sarasota real estate trends, we’ve also embraced Facebook, Twitter and many other social networking sites.  Our multiple websites, multiple blogs and Facebook pages give our customers the opportunity to mingle with other Sarasotans, our real estate agents as well as check out events, Sarasota lifestyles and things to do in on the Gulf Coast.

Websites:

Using top web designers and developers, we present the highest in tech searching for our buyers featuring luxury waterfront properties on the barrier islands of Siesta Key, Longboat Key, Casey Key, Bird Key, Lido Key and Longboat Key.  By following simple instructions, buy can add their own parameters to receive up to the minute results of Sarasota real estate entered into the MLS system.

Blogs:

Our blogs tell the story of the Sarasota real estate market, provide readers with new spots to dine, shop and wander.  Sarasota’s beautiful beaches, intimate downtown lifestyle and cultural treasures are all discussed to give our readers updates and information about our way of life at the Beach!

Social Media Networking:

Keeping up with the latest trends in marketing Sarasota real estate, the BuySarasota.com team has created multiple profile pages on sites such as Google, Facebook, Twitter as well as Active Rain, Digg and Linked IN.  With over 4,000 fans on our 365 Things to Do in Sarasota page on Facebook, we are well on our way to creating an interlinking source for all Sarasota real estate fans.

If you are dreaming of a little piece of Sarasota real estate in Paradise, start today by becoming our fan on Facebook.  Keep informed about the island Keys and its treasure Sarasota! As always, if you would like our help with your home or condo search, feel free to contact the John Allen Team direct at 941-544-6467. We have a team of experts ready to help you with all of your real estate needs.

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 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.