Wed, Jul 16, 2008

Sarasota Real Estate Stat... by sarasota

I just updated the statistics on my Sarasota real estate market statistics page. Here you can find inventory levels, solds and pending statistics for homes and condos in Sarasota, Longboat Key, Siesta Key, Bird Key, Casey Key, Lido Key and Lakewood Ranch.

There are some interesting things to point out. Look at how fewer homes there are from May 1st to July 16th. There are roughly 1,000 fewer single family homes for sale and 500 fewer condos for sale. Demand is staying pretty constant. Supplies dropping and demand staying even is a good sign. July seems to be a bit slow. I suspect the sales and pending figures will be lower a month from now.

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Sun, Jul 13, 2008

Casey Key Homes by sarasota

Want to see this sunset from your back patio? Consider the island of Casey Key if you are searching for a gulf front home. Located a few minutes south of Sarasota sits the gorgeous 8 mile long barrier island of Casey Key. Known around Sarasota as having some of the most beautiful waterfront homes in the area. You will often see people passing through the island to catch a glimpse of these large waterfront estate. Many of the properties extend from the gulf to the bay. This is one of the few places where homeowners can enjoy the beach and bay within a few steps of each other. If you go to my Casey Key homes page you can view everything for sale on this enchanted island. For a showing of any of the homes contact Marc Rasmussen.

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Tue, Jul 01, 2008

Just Sold in The Oaks by sarasota

Our clients recently purchased this home in The Oaks located on 653 Eagle Watch Lane. This lovely lakefront home was built in 1992 and boasts 3,795 square feet, 3 bedrooms, 3 bathrooms and 1 half bathroom. The lot size was 25,800 square feet. It sold for $809,000. Our clients came to us via our website. If we can help you buy or sell please contact us.

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Sun, Jun 29, 2008

Sarasota real estate mark... by sarasota

There was an interesting article in the Sarasota Herald Tribune today about whether the Sarasota real estate market has hit bottom or not. Take a look a the chart below. This was in the newspaper recently. It shows the fluctuation in the median home price of homes in Sarasota and Bradenton. Notice how it is trading in that band? It has been trading in that band for the last 10 months. It appears that the market is stabilizing. Depending on the price range you look at inventory levels are 12%-15% of the highs. In the luxury segment of the market inventories are 15% off the highs. There is no way to know today if we are at the bottom. We will only know after it is in our rear view mirror.

Strategies for buying a Sarasota home ...

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Thu, Jun 26, 2008

Existing home sales rise ... by sarasota

Realtors' group says the number of existing homes sold in May gained 2% to an annual rate of nearly 5 million. NEW YORK (CNNMoney.com) -- Sales of existing homes rose slightly more than expected in May as home buyers responded to plummeting home prices, according to an industry trade group. The National Association of Realtors (NAR) said Thursday that the number of existing homes sold during May rose 2% to a seasonally adjusted annual rate of 4.99 million units in May from a level of 4.89 million in April. But sales remain 16% below the 5.93 million-unit pace in May 2007, the report showed. And Thursday's report marks only the second time in 10 months that sales have increased. For the rest of the article go here. There is even...

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