Sarasota Real Estate Blog

Just Sold in the Country Club of Sarasota

July 22nd, 2008

My client found the perfect house in the Cc of Sarasota. Beautifully landscaped, a courtyard entry and a lake in the back this nearly 3k sq/ft home is perfect for a renovation. Purchased at $139 per/sq/ft this is truely a great buy. If you’d like to me to help you find other deals in the greater Sarasota area please contact me at, 941 320 6687

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Just Sold in Sanderling Club on Siesta Key

July 8th, 2008

THE PERFECT BEACH HOUSE just sold in The Sanderling Club on beautiful Siesta Key. The home was listed for $6,999m in June ‘07 and went under contract in May ‘08 for $5.6m . An acre of land with 150′ beach frontage on beautiful white sand beaches on the shore of the Gulf of Mexico. If this house was in Naples it would be worth $15m. I have similar listings available to me that are Gulf Front properties. Please contact me at, 941 320 6687 for more info.

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Historical Home Sales Time Line from May ‘04 to May ‘08

June 29th, 2008

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Sales of condominiums lagging in local markets

June 28th, 2008

Existing home sales got a nice boost in May: 11 percent in the Sarasota-Bradenton market and 24 percent in Charlotte County-North Port.

But how did condominiums do?

Not as well.

Sales in the Sarasota-Bradenton market were down 2 percent when compared with the same month a year ago, with 331 units changing hands versus 339.

Prices did not take the same kind of hit as homes did last month. The median price was almost flat: $246,400 for last month compared with $246,200 in May 2007.

Charlotte County-North Port saw no change in activity: 31 units sold last month and a year ago.

The market gave up 10 percent in median sales price, from $148,800 to $135,700.

Statewide, 4,018 condominium units changed hands in May, a decline of 10 percent, while the median sales price fell 16 percent, from $210,200 to $181,800.

There were markets in the state that saw positive activity, although some with numbers so small that little conclusion can be drawn from them.

Fort Myers-Cape Coral, which has been on a tear in terms of sales as banks are putting foreclosed properties on the market to clear their books, saw a 32 percent increase in May, from 194 to 247 units. That was the biggest jump statewide in terms of percentage. Prices dropped 9 percent to $205,900.

West Palm Beach-Boca Raton saw 655 units sold, an increase of 7 percent, while prices dropped 26 percent to $159,800.

Other markets in positive territory for sales last month were Tallahassee at 14 percent, Marco Island at 2 percent, Panama City at 2 percent and Fort Walton Beach at 1 percent.

The biggest drop in prices occurred in Lakeland-Winter Haven at 36 percent to $85,000. Fort Lauderdale dropped 31 percent to $138,900.

Positive markets in terms of price were Pensacola, with a gain of 47 percent to $220,800; Marco Island, with a gain of 25 percent to $501,700; Daytona Beach, up 16 percent to $241,700; Fort Walton Beach, up 9 percent to $376,500; and Miami, up 3 percent to $280,700.

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May’s Sales

June 2nd, 2008

Hang on to your hats ladies and gents… we might be bottoming out. If you go back a few postings you’ll see inventory numbers swelling to 8100 homes for both counties but, May’s inventory is now 7192. That number represents a 10% decrease from last month’s number (7526) and a total of 17% from March. Now folks that’s huge, considering the over all national real estate climate.

Sales for single family homes were up as well to 396. In Sarasota alone sales were up again slightly as well to 268 from 257 last month and up from May’s 220.

The Luxury market saw a total of 28 homes sold that were over $1m of those 7 were over $3m.

Condo inventory was down about 10% as well to about 4040 from 4436 from March. Sales were up to albeit slightly to 203 up from March’s 176.

It’s like i’ve been saying we you start seeing inventories decreasing over consecutively for at least 6 months you have a bottom. Looks like we are on our way.

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Posted in Monthly Statistics | Comments Off

Sarasota Real Estate Blog

Just Sold in the Country Club of Sarasota

Just Sold in Sanderling Club on Siesta Key

Historical Home Sales Time Line from May ‘04 to May ‘08

Sales of condominiums lagging in local markets

May’s Sales

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