Maureen Horn
941-539-3384
MaureenHorn@MichaelSaunders.com
www.SearchhomesSarasota.com
www.MaureenHornRealtor.com
Greetings from Sarasota Florida, Longboat Key and Beyond
Finally Spring is here. Temperatures in the high 70 s to 80 degrees arriving. We have had an unusual cold winter but the Real Estate Market has been hot here in the Sarasota area.
Sarasota continues to buck the National Trend with strong numbers. (See Sales Report below). Even though inventory numbers remain on the high side about 10 months for single family homes (this time last year it was 24 months) and around 15 months for Condos (24 months this time last year) a good portion of these properties have been passed over/picked through by Buyers. Once the market reaches the 6 month level it is considered to be in equilibrium between buyers and sellers.
We are seeing the bar rise on good properties with at times multiple offers on the best priced properties that are not short sales or Bank owned as Buyers are not willing to wait months just to see if there offer is accepted on a short sale and the uncertainty of Bank Owned properties and miss opportunities with good value priced properties.
Interest in Luxury properties over a million dollars continues to skyrocket (see Steve s snapshot numbers below)
MAUREEN S TOP PICKS
University Park is Hot Hot Hot!!!! One of the top golfing communities in Florida. 42 pendings and sales since October.
This University Park home has it all. The premier lot is so private and quiet. . The details and condition of this home are wonderful. It is priced to attract Buyers and when I took clients in we were passing Agents going in and out. If you are ready and are waiting for just the right house, Don t miss this University Park dream home. PRICED TO ATTRACT ATTENTION $699,000
02-Res Customer Synopsis click link to preview
Another University Park home is absolutely perfect for this price. I couldn t believe all the upgrades, Pool, spa, outside kitchen, plantation shutters, Architectural details, Private. 2bedroom/den Maintenance free area. Why hasn t it sold? The Seller started pricing at 899,000 2 years ago and couldn t believe she shouldn t get what the neighbors were paid. The new Husband finally convinced her to reduce the price and it dropped to 374,000 this week. Really, was purchased for $538,000 and all the upgrades were added. Call me if you are ready. NOW 374,000 02-Res Customer Synopsis click link to preview
Golden Gate Point, Unbelievable view, rentable, 2bed, new windows, overlooking Ringling Bridge and Sarasota Bay. Most updated 2 bedroom on golden Gate point now available. DROPPED TO $425,000
02-Res Customer Synopsis click link to preview
Lido Shores-Premier neighborhood near St. Armands Circle- if you love authentic mid-century and renovated with a walk to the beach in the 10 million dollar neighborhood then this is it. Just hit the market. $1,395,000
02-Res Customer Synopsis click link to preview
Speaking of mid-Century 2bedroom plus den walk out with patio and renovated condo on the grounds of the Longboat Key Club boat dock available. 639,000. I ll explain how it works. Be on vacation all the time.
02-Res Customer Synopsis click link to preview
PALMER RANCH REAL ESTATE OPPORTUNITY-New New New!!!
I have just been informed of this new Launch by DiVosta/Pulte, which has not been announced to the Press as of yet. This new product will be released on Tuesday March 30th and ready for sale. Pulte/DiVosta has taken over a complex of 100 built condos started by Centex and will be completing the community with 130 more units.
10 minutes to Siesta Key Beach...
Condominium-Fees 235.00 including pool, cable, insurance, exterior and roof.
Five floors plans from 1000 sq ft to 1993 sq feet.
One Car Garage
16 tile, granite
Covered lanai
All concrete block with concrete flooring between 1st and second floor
Five Floor plans from 99,000 (Jade floor plan was sold for 200,000 now 99,000) to 178,000. Some premiums for site location
If you are interested, please contact me directly for floor plans
DID YOU KNOW
Sarasota has a Film Festival!!
April 9th is kick off for a very exciting event that is in its 12th year getting bigger and better every year. Opening Night Premiere is The Extra Man with Kevin Kline and director John Landis both will be here along with other stars such as Stanley Tucci, Patricia Clarkson, Vincent D Onofrio, Ben Foster, Steve Buscemi and. more. Click the link to see all the events and parties, come on down and enjoy the fun.
http://www.sarasotafilmfestival.com/2010
CALL ME!!!!!!!!!! I LL SHOW YOU THE WAY...
Knowledge, Honesty, Transparency and Experience in your real estate transaction
Visit our website www.SearchHomesSarasota.com . The Easiest Real Estate Search Site.
March 15, 2010
Sales Report February 2010
Sarasota Association of Realtors
Property sales up 49 percent in February 2010; pending sales spike
Overall property sales reached 528 in the Sarasota market in February 2010, up nearly 49 percent over February 2009, and pending sales were also strong at 967 - the second highest total in the past four years. The statistics continue to reflect a recovering Sarasota market, as median sale prices also rebounded for condos in February and remained stable for single family homes.
February sales of 379 single family homes and 149 condominiums was a major improvement over February 2009, which saw only 354 overall sales (260 homes and 94 condos). Pending sales, at 967, were about 19 percent higher than last month's 815, and more than 23 percent higher than the 782 reported in February 2009. The statistic is a strong indicator for the next two or three months of sales, as pending sales are an indicator of current buyer activity.
"Despite the national economic doldrums, lingering high unemployment, and other negative factors, our local real estate market remains strong compared to recent down years," said 2010 SAR President Erick Shumway. "There are now several months of positive numbers which indicate we are emerging with strength from the recent downturn. While distressed property sales remain a drag on the overall market health, all the other statistics are tracking in a very positive manner. Our local and even our international buyers are proving the old adage that you can't keep a good market down for long. And with pending sales at nearly 1,000 last month, the near term future looks very promising."
The property inventory level fell slightly in February 2010 to 6,329 from the January total of 6,342, which remains at near the lowest level since late summer of 2005.
Click HERE for a PDF of the complete press release and two pages of statistical charts!
SARASOTA SNAPSHOT SALES OVER MEDIAN PRICE
Sarasota closed sales in the last 30 days from $400,000.00 to 1 million were 88 almost 20% over last month. Pending sales in that range area a very strong 291, 17% increase over last month.
Closed sales over 1 million were 32 including 100% increase from the previous month WOW with 3 over 2 million and 1 over 4 million.
Pending sales over a million are a whopping 80 which tops last months incredible number of 74 with 18 over 2 million and 3 over 4 million. Again these numbers are showing us very robust activity well above the median price range especially in the luxury market.
LONGBOAT KEY SALES AND PENDING SNAPSHOT
Closed Sales on Longboat Key for the last 30 days over 1 million were 6. Closed sales for the same period $400,000. to 1 million were 17.
Pending sales $400,000. to 1 million are a whopping 44. Pending sales over 1 million are an amazing 21.
The Sarasota Visitors Bureau Video Click Link
