Real Estate News 
Updates about the real estate industry or national real estate news
There are currently 30 blog entries related to this category.
Florida Spring Break Destinations
Tuesday, March 2nd, 2010 at 3:19pm. 142 Views, 0 Comments.
When people think of a premier spring break location their mind often ventures to the beaches of Florida, and with good reason. The climate provides a perfect break from colder conditions experienced throughout the United States. The getaway provides a much-needed break from college studies or a family work schedule.
Daytona Beach
This destination is not just for NASCAR fans. Twenty-three miles of beach provide the neutral zone between the ocean and the city. This zone is perfect for guests to meet others while enjoying hotel pricing designed to accommodate the college student’s budget.
Dancing, swimming, sun bathing and nightlife draw the crowds and develop the memories at Daytona Beach.
Orlando
Premier attractions await guests in Orlando. From Universal…
CNBC names Sarasota, Florida one of the top places to retire
Wednesday, February 10th, 2010 at 6:56pm. 418 Views, 0 Comments.
Check out this list of top places to retire by CNBC. Sarasota, Florida was named as one of the best places. I quoted them below:
Sarasota, Florida
Sarasota is perhaps one of the most popular retirement destinations in the most popular US state for retirees. Located on the Gulf Coast, Sarasota has 35 miles of beaches and offers residents opportunities from golfing to boating and gourmet dining. The town also offers a range of activities, including an opera, symphony, film society and a range of art galleries.One caveat about this destination is that because of its climate and natural surroundings, it attracts plenty of vacationers in the winter months. The area also finds median home values at $185,200, which…
CNN Money - Sarasota, Florida is 28% Undervalued
Wednesday, January 27th, 2010 at 6:41pm. 1583 Views, 4 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.…
Sarasota Bucks National Trend With Best Sales Report in 33 Months
Wednesday, January 13th, 2010 at 1:32pm. 319 Views, 1 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…
Home Buyers Misconception's
Thursday, January 7th, 2010 at 1:26pm. 326 Views, 0 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…
Huge Increase in Condos Sales in November
Wednesday, December 23rd, 2009 at 1:41pm. 291 Views, 0 Comments.
There was an article in today's newspaper about the huge increase in condo sales in Sarasota, Florida. You can read it here. Highights of the article:
* In the Sarasota-Bradenton market, 239 condos changed hands, a 130 percent increase from the 104 sales that took place during the same month a year earlier.
* Realtors and analysts attribute the uptick to both the first-time buyer tax incentive, which was recently extended, and to the return of investors to the market.
*In Sarasota-Bradenton, the median condo price was down 20 percent to $141,100 in November from the same month a year ago.
Above is a chart of condo sales in Sarasota county for the last 3 years. The light green bars represent the inventory of condos on the market. The dark green bars…
Sarasota Foreclosures Update
Tuesday, November 17th, 2009 at 10:34am. 418 Views, 1 Comments.
Sarasota Foreclosures
Below are some foreclosure sales statistics for Sarasota and Manatee counties.
* 2,578 foreclosures sold in both counties since January 1, 2009
* Highest sales price - $2,025,000
* Lowest sales price - $3,695
* Average sales price - $126,684
* Median sales price - $90,000
* Average days on market - 98 days
* Median days on market - 60 days
* Currently there are 175 bank owned properties for sale in Sarasota county.
* Currently there are 140 bank owned properties for sale in Manatee county.
Visit my Sarasota foreclosures page to view properties for sale. It is updated daily!
Siesta Key Foreclosures
I receive a lot of emails and calls from people looking for Siesta Key foreclosures. There really aren't that many of…
Sarasota Real Estate Market Update - Inventories Are Up!
Wednesday, November 11th, 2009 at 5:50am. 394 Views, 0 Comments.
I rotated the chart to make it easier to read. These are Sarasota county inventory, sales and pending sales figures for the last 3 years. As you can see the inventory of homes have been dropping nicely for the last few years. The dark green lines at the bottom represent closed sales. Notice the increase in home sales in 2009. The red line on the chart represents pending sales.
The number of homes for sale actually increased last month. However, it was only a modest .3% from September 2009. The sales increased 2% and pending sales increased nearly 18%. Compared to a year ago inventories are down 29%. I think the increase in inventory from September to October is probably due to those people who want to have their home listed during the busy winter…
Frequently asked questions about Sarasota real estate market
Monday, November 9th, 2009 at 6:26pm. 356 Views, 0 Comments.
Check out my new page of frequently asked questions about the Sarasota real estate market. I answered the frequently asked questions. Perhaps this is a good place for you to get some of your questions answered. For example:
________________________________________________________________
I'm looking for a condo on the beach with a break even or positive cash flow.
You can find that if you pay cash for the property. If you plan on getting a mortgage you won't break even. Income on beach front condos that allow short term rentals won't exceed mortgage payment, property taxes, condo association fees, insurance and rental management fees.
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How much is a house on the beach in…
Why Southwest Florida?
Wednesday, November 4th, 2009 at 10:38am. 253 Views, 1 Comments.
Considering a purchase of a 2nd home or relocation to Sarasota, Florida? Here is Michael Saunders, broker of one of the most successful real estate brokerages in Southest Florida, speaking about why Southwest Florida is a fabulous place to live, vacation and spend winters.
Why the West Coast of Florida? from Michael Saunders and Company on Vimeo.
