January 2010 
There are 8 blog entries for January 2010.
CNN Money - Sarasota, Florida is 28% Undervalued
Wednesday, January 27th, 2010 at 7:41pm. 2937 Views, 6 Comments.
CNNMoney.com had an interesting article today about the most over valued and under valued real estate markets in the United States. You can read the article here or check to see the most over valued and under valued cities list.
Sarasota, Florida was the 18th most undervalued city in the U.S. They figure that we are 28% undervalued. In 2006 CNNMoney.com had a similar article stating that Sarasota was 56% overvalued.
10 most under valued cities
1) Las Vegas, Nev.
2) Vero Beach, Fla.
3) Merced, Calif.
4) Cape Coral, Fla.
5) Houma, La.
6) Port St. Lucie, Fla.
7) Warren, Mich.
8) Vallejo, Calif.
9) Stockton, Calif.
10) Modesto, Calif.
18) Sarasota, Fla.
10 most over valued cities
1) Atlantic City, N.J.
2) Wenatchee, Wash.…
5 Recently Sold Sarasota Foreclosures and Short Sales
Wednesday, January 20th, 2010 at 8:03pm. 1683 Views, 0 Comments.
Here are 10 recently sold bank owned or short sale properties in the Sarasota, Florida area.
Unit #404 in La Bellasara on Golden Gate Point sold for $1,826,000. The list price was $1,795,000. This was a 4 bedroom, 4.5 bathroom condo with 3,290 square feet. This downtown Sarasota condo was a short sale, sold for 102% of list price and was on the market 376 days.
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This home located at 1662 Anchorage Street sold for $1,400,000. The list price was $1,649,000. This is a 5 bedroom, 4 bathroom, 3,826 square feet waterfront home. This was a short sale and was on the market 460 days.
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This short sale home in Casey Key…
Just Sold - Lakewood Ranch Home
Friday, January 15th, 2010 at 7:46am. 1108 Views, 0 Comments.
My client (asked permission to make this blog post) closed on a home this week in the Greenbrook Village section of Lakewood Ranch.
6453 Indigo Bunting Place
This stunning pool home was built in 2004 and has 5 bedrooms, 4 bathrooms and 3,076 square feet. The home backs up to a private preserve, is in fantastic condition and the neighborhood is filled with kids. It is a great place for a young family to call home.
The home was not listed on the MLS. It closed for $422,500.
My clients were awesome. She called me a few weeks before her arrival and explained to me exactly the type of home and neighborhood that she was looking for. Before their arrival they did a lot of research on the market and neighborhoods that I suggested and were well…
Sarasota Bucks National Trend With Best Sales Report in 33 Months
Wednesday, January 13th, 2010 at 2:32pm. 1037 Views, 0 Comments.
The following was released by the Sarasota Association of Realtor:
With 648 total property sales reported in December 2009, the Sarasota real estate market saw the most closed transactions since March 2007, a 33 month span. Overall sales in December 2009 were also 52 percent higher than December 2008, when only 406 properties changed hands, and 70 sales higher than the 578 sales reported in November 2009. Median sale prices were also up last month for both single family homes and condos.
For the full year 2009, the trend lines have been dramatic. Monthly home sales have climbed to the high 500s and low-to-mid 600s, compared to 2008 when sales often dipped to the low 400s and even into the 300s. The overall number of closed sales in 2009 stood…
Foreclosure in 1350 Main Condos
Saturday, January 9th, 2010 at 10:19am. 2683 Views, 0 Comments.
Check out this foreclosure in 1350 Main Steet condos. This is a 2 bedroom, 2 bathroom, 2,232 square foot penthouse in the heart of downtown Sarasota. A similar sized unit sold in a lower floor recently for $800,000. At $725,000 this represents a good value. I don't imagine that it will be on the market a long time.
Give me a call at 941.812.6272 if you are looking to buy soon and want to see this unit. Visit my 1350 Main condos page to view everything for sale in the building. View other Sarasota foreclosures.
Home Buyers Misconception's
Thursday, January 7th, 2010 at 2:26pm. 870 Views, 1 Comments.
I talk to home buyers on a daily basis and it seems that all of them are under the impression that you can get 25%-50% off of the list price of a home. Single family homes in the Sarasota area are selling on average for 94% of list price. Condos, on average, are selling for 92% of list price.
Here are 10 random sales that occured within the last 2 weeks:
| Asking Price | Sales Price | Sales Price/Asking Price |
| $1,975,000 | $1,800,000 | 91% |
| $1,899,000 | $1,750,000 | 92% |
| $799,000 | $710,000 | 89% |
| $499,000 | $475,000 | 95% |
| $449,000 | $396,000 | 88% |
| $399,900 | $360,000 | 91% |
| $295,000 | $265,000 | 90% |
| $260,000 | $240,000 | 92% |
| $215,000 | $199,000 | 93% |
| $159,000 | $150,000 | 94% |
8 out of the 10…
Sarasota, Florida Foreclosure Update
Wednesday, January 6th, 2010 at 1:01pm. 1096 Views, 0 Comments.
Looking for a Sarasota foreclosure or short sale? Here is this week's update:
New Bank Owned and Short Sales listed within the last 7 days
Sarasota county - 91 new properties
Manatee county - 75 new properties
Siesta Key - 1 new property
Longboat Key - 1 new property
Bird Key/Lido Key/Downtown - 1 new property
Lakewood Ranch - 10 new properties
Casey Key - None
Bank Owned Properties & Short Sales
Sarasota county - 1,120 properties
Manatee county - 920 properties
Siesta Key - 40 properties
Longboat Key - 28 properties
Bird Key, Lido Key and Downtown Sarasota - 51 properties
Lakewood Ranch - 115 properties
Casey Key - 3 properties
View all Sarasota foreclosures. Call us at 941.812.6272 to help you buy or sell in the Sarasota…
New Listing in Hamptons on Palmer Ranch
Wednesday, January 6th, 2010 at 10:05am. 875 Views, 0 Comments.
Take a look at this new listing I took in the Hamptons on Palmer Ranch. This is a 3 bedroom plus den, 2 bathrooms, 2,206 square feet built in 2001. The asking price is $334,900.
Click on the link above to view photos and a virtual movie of this home at 7349 Stanhope Court, Sarasota. Call me at 941.812.6272 if you would like to view this or any other Sarasota home.
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