Tuesday, November 26th, 2013 at 10:49am. 24 Views, 0 Comments.
October 2013 was a good month for the Sarasota market, as home sales and median prices continued to climb. Here are some highlights from the Sarasota Association of REALTORS® latest report:
- Median prices for a Sarasota single family home in October climbed 11.6 percent over the same time last year - $185,776 from $166,500 in 2012. There are fewer homes available below the $200,000 mark.
- Condo prices rose a startling 20.7 percent - $175,000 this year compared to only $145,000 last October.
- Pending sales up 9.33 percent from September - sitting at 820.
- Distressed sales were up slightly from September, but at 25.5 percent there were down drastically from October 2012 when sales stood at 31.7 percent of overall sales.
Single Family Homes…
Thursday, November 7th, 2013 at 11:33am. 72 Views, 0 Comments.
On Sale November 11, 2013
This is just a reminder that tickets for the much awaited "Forks & Corks" event go on sale November 11. The festival is held from January 24 - 27, 2014, but sells out quickly. For those of you who have never experienced this yearly celebration, imagine four days of culinary debauchery involving various Florida wine and beer maker events, and food and wine seminars throughout the city.
The big ticket is the Grand Tasting, held at the Ringling Museum, complete with champagne reception, guided tour of the art museum, incredible food and wine pairings and tickets to the kick-off party. Last year, tickets for the Grand Tasting sold out in 4 hours.
Schedule of events for this year's festival:
Various Winemaker Events -…
Wednesday, October 30th, 2013 at 10:19am. 49 Views, 0 Comments.
Whether you are making the conscious decision to go green for the good of mother Earth or to just keep a little extra green in your pocket, cutting down on the use of electricity in your household is always a progressive idea. Living in Florida,our biggest energy saver that we all notice and welcome with open windows, is the weather change. We aren't blessed with the ability to keep our windows open all year round and stay comfortable in our homes, but we are quickly approaching cooler weather that allows us to do so for a period of time. Living in Florida all my life, I know how wonderful it is to receive the first month's bill without running the air conditioning and seeing that it cuts your bill down by almost half! Of course we're not able to do this…
Thursday, October 24th, 2013 at 2:51pm. 47 Views, 0 Comments.
Sarasota Market Shows Signs of Economic Recovery
Looking at the Sarasota MLS stats for September 2013 and 2012, as posted by SARS, it's great to see the numbers still climbing.
Some of the highlights from the September report include:
Combined sales of single family homes and condos up 22.5% from September 2012
Pending sales for single family homes up 7% from 491 in 2012 to 525 in 2013
Median home prices in September 2013 increased 21.7%, going from $147,000 in 2012 to $179,000 in 2013. Condominiums also increased 8% - $147,000 in 2012 to $160,000 in 2013.
In September we sat with 4.4 months of available inventory with 831 new listings. Last year, inventory was slightly higher, at 4.8, and only 655 new listings, indicating the…
Monday, October 21st, 2013 at 11:46am. 67 Views, 0 Comments.
The other day I was reading a post in BuzzFeed where Sarasota was named #1 in the "10 Places In the U.S. You'll Want to Visit Right Now." They mentioned the diverse art scene and wide range of activities; and we beat out popular hot spots, such as San Diego, West Palm Beach, Austin, Anchorage and Martha's Vineyard, to name just a few.
For me, this was a no brainer - I love the weather, the beaches are gorgeous, and I can do outdoor activities everyday. Here is a photo recently posted to Facebook - it was taken on an evening kayak on the East Bayou. How many people can do this where they live!
Living in Sarasota gives me the opportunity to sell real estate where most people want to vacation. Most folks work their entire lives to save up for a…
Thursday, October 10th, 2013 at 10:35am. 68 Views, 0 Comments.
August Stats Falling In Line
Sarasota Association of Realtors has come to the decision with 5 other Realtor Associations in the area that the way they have previously recorded their monthly statistics was not an accurate representation of the areas sales. Now, statistics will be recorded on the area and county, instead of recording by members’ association representation. These statistics are going to be a slightly different representation of previous versions recorded and will no longer represent SAR-member sales exclusively. They will now accurately represent all sales activity and transactions taking place in Sarasota County.
Taking a look exclusively at Sarasota County sales transactions, area members fell short of the quadruple digit marker, but…
Monday, October 7th, 2013 at 8:37am. 66 Views, 0 Comments.
Nathan Benderson Park is located in Sarasota, Florida. It is slated to become North America’s premier 2,000-meter sprint course and regatta center by 2014. Over $40 million has been committed to the facility’s future development, including 2,200 meter racing lanes and straight shorelines by 2013, coaching lanes, wave attenuation, a multi-function boathouse and athlete training center, starting huts and finish towers, grand stands and a state-of-the-art boat maintenance and testing facility. Most of these facilities will be constructed on a first of its kind “regatta island” – an Olympic Village type setting which will provide competitors the support and focus which rowing demands, and spectators a viewing and entertainment platform unparalleled at sprint…
Friday, September 6th, 2013 at 9:28am. 208 Views, 0 Comments.
As we watch the real estate market and track the activity, we are finding that more people are taking advantage of the still low, but rising interest rates, and the still low but rising home prices. We have all heard the lines about purchasing your investments/assets properly - “buy low and sell high.” Following this trend, we are noticing that buyers are making faster decisions on their home purchase so they don't lose out on the deals currently available in the market. To those of you making that leap from renting to buying their first home, there are a few common mistakes you should be aware of, and areas that may require some research beforehand.
Here are 10 all-too-common mistakes first-timers make:
1. Not knowing how much house you can…
Monday, August 26th, 2013 at 10:08am. 131 Views, 0 Comments.
Sarasota Market Stats - July 2013
We continue to see a surge in the Sarasota market into the month of July. This means great news for people looking to sell their single family homes. The list prices continue to soar as well as the final selling price. Taking a look at the sales trend in 2013, we see that many of our months have continued to escalate into the four figure mark. Looking at the numbers, we see that July fell just shy of this marker, but we are still looking at a record breaking sales year. You can just ask anyone who has been following the Sarasota market or better yet participating in it and they will tell you that they have been busier than ever. Let’s take a look at what July has to offer our busy year for buyers, sellers, and real…
Monday, August 19th, 2013 at 2:51pm. 159 Views, 0 Comments.
Basically, there are two categories of mortgages: the fixed-rate and the adjustable-rate mortgage (ARM). Within these categories, there are some variations. However, in nearly all mortgages two factors are usually at odds: how predictable the payments are and how low, or affordable, they are, at least initially. In addition there is the reverse mortgage, a special loan product that enables homeowners over the age of 62 to convert a portion of their home equity into income. When choosing which mortgage will best suite your needs, it is best to educate yourself on what each of them mean. Below are the basic elements to each class of mortgage.
The 30-Year Fixed-Rate Mortgage
Not long ago, there was only one kind of mortgage: 30-year fixed rate where…