Monday, October 20th, 2014 at 8:40am. 14 Views, 0 Comments.
Sarasota's Harbor Acres has always been one of our favorite neighborhoods but current market conditions make this the moment to buy. Here's why we think you should consider Harbor Acres real estate:
1. It's A Buyers Market
There are 9 properties on the market in this neighborhood at the moment which equates to more than 6 months of stock and this is a buyers’ market. So if you have been contemplating a move to Harbor Acres, now is the moment.
2. It's Waterfront
Imagine yourself relaxing in your backyard, looking down across the lawn to your boat, moored at your private dock and beyond that to a sparkling Gulf sunset. Set on two peninsulas that jut out into Sarasota Bay, there are many waterfront properties in Harbor Acres (7 for sale at…
Wednesday, October 8th, 2014 at 1:55pm. 168 Views, 0 Comments.
The Bayou Louise neighborhood, located in North Siesta Key has just so much to love, it’s definitely one of the best places to live in Siesta Key. The Bayou runs from Fishery Point on Sarasota Bay deep into the northern end of Siesta Key, forming a peninsula on the Big Pass side. Accessed only by a bridge on Siesta Drive, the homes here, on Bayou Louise Lane, are very private. At the southern end, the peninsula is very narrow and some homes enjoy access to both the Bay and to the Bayou.
A Home With Private Beachfront Property
This part of Siesta Key is just ten minutes from all the cultural offerings, entertainment and dining options of Downtown Sarasota, but feels a world away. The luxury priced homes here enjoy large lots and lush tropical…
Friday, October 3rd, 2014 at 8:38am. 170 Views, 0 Comments.
1. Boomers Love Florida
Florida has always been a mecca for those looking to retire to the sun and that shows no sign of slowing down. In a new study by RealtyTrac, four Florida counties (more than any other state) made the top 10 list for baby boomer population growth: Charlotte County, Citrus County, Lee County and Lake County. In all of these places, seniors already account for at least 27% of the population and have seen the influx of Boomers grow by at least 25% since 2007.
2. Boomers Will Be A Key Force In Florida's Real Estate Market
Baby Boomers have large homes and are looking to move to smaller ones and there are 78 million baby boomers in the country. Given that the vast majority are home owners (around 81%), that's a lot of real…
Wednesday, September 24th, 2014 at 4:04pm. 267 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…
Friday, September 19th, 2014 at 1:36pm. 190 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…
Tuesday, September 16th, 2014 at 9:43am. 222 Views, 0 Comments.
With 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…
Monday, August 25th, 2014 at 4:11pm. 352 Views, 0 Comments.
The 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…
Thursday, August 21st, 2014 at 4:33pm. 209 Views, 0 Comments.
A 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…
Tuesday, August 19th, 2014 at 1:14pm. 1,040 Views, 0 Comments.
Monaco, 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,…
Thursday, July 24th, 2014 at 12:00pm. 596 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…