Sarasota Real Estate Broker – Brandy Coffey

Sarasota Real Estate Blog

Closed Sales On The Upswing Again In the Sarasota Real Estate Market

Wednesday, September 24th, 2014 at 4:04pm. 220 Views, 0 Comments.

While it's impossible to complain that the Sarasota real estate market has been slow in the past couple of months, closed sales had been on a slight downward trend since the near record breaking numbers reached in April. That month closed sales hit 1195. They had only previously gone above that figure back in April of 2004, when they reached 1223. It looks now, however, that the trend is beginning to reverse. 

Three Month High For Homes Sales In Sarasota

It's unsurprising, really that after April's high, the numbers cooled off, if only slightly and closed sales decreased in the months of May, June and July. August though, has seen a reversal and the market has taken a bit of an upswing as closed sales hit 975. That was a 5% increase over July's

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New Home Trends: Showers Vs. Bathtubs

Friday, September 19th, 2014 at 1:36pm. 163 Views, 0 Comments.

It's a sad day when we have all become to busy to enjoy a relaxing soak in the tub. But according to a new report from Houzz, forty percent of homeowners doing bathroom renovations are leaving out bathtubs entirely in their new bathroom designs. One contractor interviewed claims that this is because people want to "get in and get out...the home is a place where you sleep and then leave for work!"

Signs Of An Aging Population

So much for the idea of the home as a sanctuary. Of course, some of what the report says does make sense. Part of this is a preference for walk-in showers, motivated by an aging population who find the step up 20 inches to get into the bathtub to be a bit difficult. It used to be that removing the bathtub resulted in a lower

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Best Places To Live In Siesta Key...Robert's Point

Tuesday, September 16th, 2014 at 9:43am. 202 Views, 0 Comments.

roberts point real estateWith Coconut Bayou on one side and Roberts Bay on the other, Roberts Point is definitely one of the best places to live in Siesta Key. An established neighborhood, with lots of tall trees providing shade and privacy, this friendly neighborhood is perfect for boaters. Located on a peninsula and accessed from Higel Ave. in North Siesta Key, the community has a secluded and private feel. Most of the home of the homes here are luxury, waterfront properties with private boat docks. A few of the properties at the narrowest point of the peninsula are even lucky enough to have waterfront on two sides.

Siesta Key Redevelopment Opportunities

As one of the earlier parts of Siesta key to be developed, in recent years a number of the original, smaller homes have

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Vital Signs Good For The Sarasota Real Estate Market

Monday, August 25th, 2014 at 4:11pm. 337 Views, 0 Comments.

sarasota real estate marketThe Sarasota real estate market was quieter in July than in has been in recent months, but overall the figures show a very healthy situation in the county. Like last year, sales completed in July 2014 reached a low point for the year, with 928 closed transactions. That's 11% off June's figure, when 1,048 transactions were closed. The number is also slightly down from July of last year when 969 home sales were closed, a difference of 4%.

Condo Prices In Sarasota Up 29% Over last July 

Condominiums are still proving to be a hot commodity in Sarasota with 285 selling in the area, in July and the median price for a condo has now moved above that of the median price for a single-family home—$205,000 vs. $201,000. The price of condos in the county has

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City of Sarasota Offers Down Payment Help To Low Income Families

Thursday, August 21st, 2014 at 4:33pm. 180 Views, 0 Comments.

down payment assistanceA new program from the City of Sarasota will offer help to low-income Sarasota families who are looking to buy a home. Using $650,000 in funds from the State Housing Initiative Partnership, the city will offer families up to $30,000 in the form of a Shared Appreciation Mortgage loan. The money can be used towards the down payment and closing costs on a family home.

Program Applicants Must Already Have 3% Of Purchase Price

In order to qualify, the buyers must already be in a contract to buy a home. The bank or mortgage lender will then send the application to the City's Housing Office. This program is available for pre-existing homes or condos in Sarasota County that are valued less than $175,000. Other restrictions on qualifying for the program

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Sarasota's Luxury Real Estate: A Jewel Box Market

Tuesday, August 19th, 2014 at 1:14pm. 771 Views, 0 Comments.

Sarasota luxury real estate marketMonaco, Martha's Vineyard, Lugano. These names are synonymous with wealthy enclaves and now Sarasota has been added to the list. Christie's has termed these places jewel box markets—locations with a population under 150,000, where there is a large percentage of high-net-worth residents and quality lifestyle offerings. Their 2014 Luxury Defined report on the top end of the real estate market identifies 10 such markets worldwide, including Sarasota.

Celebrities And The Wealthy Flock To Sarasota

The list is a mix of U.S. and international destinations. The locations are primarily waterfront, with Jackson Hole, Wyoming and Bedford, New York being the exceptions. The other U.S. locations were La Jolla and Montecito, California and Martha's Vineyard,

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Strong Sarasota Real Estate Market In June

Thursday, July 24th, 2014 at 12:00pm. 585 Views, 0 Comments.

With the first six months of the year out of the way, the Sarasota real estate market is definitely on target in 2014, for a record year. The SAR has released its June stats and they reveal that sales for this year are ahead of 2013 figures, which itself was the second best year in SAR's 91 years. Closed sales in June were up 5% over last year, at 1048. This is the 4th month in a row that sales have been over 1000. June's figures were just slightly off the number achieved in May, when sales in 1100.

Distressed Sales Continue To Fall

The news on distressed and short sales continues to be good as well, numbers are far lower than they were four years ago, when the crisis was at its worst. This is a good sign for the health of the market. Foreclosures

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International Buyers Attracted To The Sarasota Real Estate Market

Monday, July 14th, 2014 at 9:32am. 496 Views, 0 Comments.

Total sales to international real estate buyers in the U.S. have increased substantially over last year say the National Association of Realtors® (NAR) and Florida is leading the way. According to the Association's statistics, from April 2013 to March 2014 international buyers spent $92.2 billion dollars on real estate in the U.S. That represents an increase of 35% over the previous year and Florida's share of that pie was 23% or $21 billion dollars.

Warm Weather And Proximity To Family Attract Buyers To The Florida Real Estate Market

The reasons for this substantial increase include affordable home prices, favorable exchange rates and rising affluence abroad. The factors that influence where people buy in the U.S. are varied and include the

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Best Places To Live In Siesta Key: Sarasota Beach

Wednesday, July 9th, 2014 at 10:43am. 367 Views, 0 Comments.

Sarasota is becoming an increasingly popular location with people moving to Florida, so to help make that crucial decision about where to buy, we've are going to be writing an ongoing blog series about the best places to live in the Sarasota area. We're starting with the Siesta Key neighborhood of Sarasota Beach.

sarasota beach real estateLocation! Location! Location! Sarasota Beach is an established neighborhood, right in the heart of things, which is why we think it's one of the best place to live in Siesta Key. Sarasota Beach homes are located on and around the distinctive, heart shaped Palm Island, in the central part of Siesta Key. It was one of the first areas developed in the 50's and 60's and as a result the homes here are situated on lots that are generally bigger than

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The Sarasota Real Estate Market Continues To Soar

Thursday, June 26th, 2014 at 11:36am. 374 Views, 0 Comments.

The news about Sarasota's real estate market continues to be outstanding. In fact, according to SAR President Peter Crowley, it's one of the best markets in the nation and all signs point to ongoing success. Median house prices in the area remain steady, which is a good marker of a stable market. The median price for single-family homes was up slightly over May of last year at $191,500 and down slightly over April's $196,250. For condos the story is similar, with a median price of $175,000 prices were down 4.6% over April of this year and up 6% over last May. When looking at the median house price over the 12 month period ending in May, the improvements in prices become more significant, with single family home prices up by 15% and the median price for

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