Tag Archives: Sarasota Real Estate

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

Sarasota Real Estate Sales Stats for September 2010

The Sarasota Association of Realtors just released statistical data for the September 2010 Sarasota real estate market.  The data mirrored the numbers that we saw in August. Both prices and sales were almost identical to the numbers from the previous month. In addition, the report states that September 2010 figures are “virtually identical” to the median price and unit sales from a year earlier in September 2009.

Eric Shumway, SAR President, pointed out that “we’ve observed a very steady local real estate market for the past 12 months.” August and September are typically our slowest months for real estate activity.

For the full report: click here http://www.sarasotarealtors.com/Sept2010stats.pdf

The Obama Administration & Congress Need to Make a Decision on Income Taxes

We are seeing many buyers that appear to be waiting to see what the Obama Administration and Congress will be doing with regards to Taxes. There is so much uncertainty out there because of the Obama Administration’s failure to make a decision and take action on setting the Tax Rates for 2010. In order to get the economy and real estate market going, the emphasis needs to be on restoring confidence to consumers and small businesses. Business and consumers seem to be waiting on this administration to make a decision. We are working with many buyers right now that are putting off large decisions (like buying a home), because they do not know what the repercussions will be on Income Taxes and Obamacare.

Foreclosure Moratorium

In addition, the foreclosure moratorium would be disastrous for the real estate market. Banks certainly need to be following the law. But allowing hundreds of thousands of delinquent homeowners to remain in their homes because of technicalities will only add to the challenges of the real estate market. So far, President Obama has been reluctant to place a nationwide freeze on foreclosures. Democrats like Nancy Pelosi and Harry Reid have pushed for a nationwide freeze on foreclosures. Many are speculating that this is an effort to win votes in the mid-term elections, despite the harm that a move like this would do to the economy. So far, the President has resisted the pressure from the left wing. Let’s hope that he stands strong.

London Bay Homes Acquires Remaining Founders Club Sarasota Real Estate

Naples based builder, London Bay, purchased the remaining 86 building lots at the Founders Club.  The company will also take over the maintenance and marketing of the Founders Club real estate.

Located East of Interstate 75 at Fruitville Road, the Founders Club consists of 700 acres.  There are 286 home sites surrounding the golf course, lakes and tropical acreage.  Famed golf course designer, Robert Trent Jones, Jr. designed the golf course.  The Club House is one of the most charming in Sarasota bringing a low country design to the area and showcasing some of the area’s most precious golf history.

The Founders Club is sure to see some significant improvements since the members purchased the remaining golf course memberships and now Builder Magazine’s 2008 Builder of the Year will start new designs beginning with a remodeled sales center.  London Bay builds homes starting in the $800,000s.  Custom designed homes feature fabulous architectural detailing and quality designs sought in a builder of luxury homes.

Currently the Sarasota MLS reports 26 current listings for sale at the Founders Club.  Prices range from $674,000 for a 4 bedroom, 4 and ½ bath home to a 5 bedroom, 5 ½ bath home with over 6,000 sq.ft. priced at $3,999,950.  Pending sales at the Founders Club total 3 and 8 homes have sold in the last six months.

If you are interested in more information on the Founders Club or any other Sarasota real estate for sale, contact the John Allen Team at 941-544-6467.

Real Estate Sales in Sarasota Reach Higest Level for 2010

Sarasota Florida’s real estate sales for 2010 just keep getting better even with negative press about the oil crisis to our north, the end of the taxpayer credit and looming worries of a bad economy.

The Sarasota Board of Realtors released stats today for June 2010 and “once again property sales topped the 700 mark” hitting the highest level for this year.  Sales were higher than any date since December 2005.  The previous high for Sarasota real estate sales was in May of this year when sales topped 766.  June property sales totaled 776.  Sales were 27.2 percent higher than last year in June.

“In June, 576 single family homes were sold, 28.3 percent higher than June 2009, when only 449 single family homes sold.”  Homes values are trending higher also.

Condo sales totaled 200 in June showing a 24.2 percent increase over June 2009.  Median price of condos fell, primarily due to distressed property sales.

Once again, pending sales were strong although not as high as the period where homebuyers were eligible for tax credits.  Eric Shumway, 2010 SAR President pointed that Sarasota “anticipated a potential drop off in sales with the expiration of the $8,000 tax credit.”  Strong June figures show continued strength in the Sarasota real estate market.

Distressed property sales for foreclosures and short sales rose in June and property inventory dropped.  Inventory is at the lowest level since the late summer of 2005.

The return of a seller’s market is in sight for properties under $250,000.  To read the full Sarasota real estate report, click here.

Contact the John Allen Team for more information on Sarasota homes for sale at 941-544-6467.  Visit our newest comprehensive downtown Sarasota real estate site if you are searching for an urban lifestyle.

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.

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.