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Don’t Miss Siesta Fiesta This Weekend!

By | April 12, 2012


Join The Fun At The Siesta Fiesta – April 14th & 15th 2012
Bold and vibrant paintings, contemporary and whimsical art, life-size sculptures, photography and jewelry are among the original works of art that will transform this popular destination into an outdoor gallery style art show. In addition a full spectrum of quality craft mediums will be on display and for sale. A portion of the proceeds will benefit the Siesta Key Association. Admission is free and open to the public.

The artists will line Ocean Boulevard with their professional display booths while the crafters will display their unique and affordable crafts throughout Siesta Key Village for a sidewalk craft fair. All artists and crafters will be present for the duration of the show, available to discuss their work and inspiration. Ocean Boulevard will be closed to vehicular traffic starting at Ocean and Canal and running through to Beach Road.

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Sales Climb in February 2012

By | April 12, 2012

The Sarasota Association of Realtors released the sales statistics for the month of February recently. Here is what they reported:

Pending sales in the Sarasota real estate market hit an 11-month high in February 2012, demonstrating once more the health of the local industry as the buying season heats up. Median sale prices were also up substantially for single family homes and condos in February 2012 compared to this time last year – another positive sign for a successful home buying season.

“I have heard nothing but positive reports from our members about the seasonal surge in our real estate market,” said SAR President Laura Benson. “Sales are up, prices are stable and much higher than last year at this time, and we are seeing multiple offers on many transactions. Pending sales are off the charts – we hit a 11-month high of 1,130 in February. This is all very encouraging news.”
The January 2012 holiday sales lull didn’t last long. The 177 condo sales in February represented the highest level in the last eight months. If pending sales, which represent properties going under contract, produce the expected level of closed sales, we could see a major selling month in March 2012. That could repeat what we saw in March 2011, when sales hit the highest total since 2005.

Overall, February 2012 saw a 15 percent increase in property sales over January 2012, and a 17 percent increase in pending sales from the previous month, both reaffirming numerous verbal reports of a very busy spring selling season in Sarasota. Closed sales stood at 414 for single family homes and 177 for condos, lower than in February 2011, but higher than last month. In February 2011, 471 single family homes and 201 condos were sold.

The single family home median price climbed to $167,500 in February 2012 from last month’s figure of $162,000. For condos, the figure fell to $150,000 from the January level of $180,000. Last February, both single family homes and condos were selling at the median price of $137,500, so both of the current numbers reflect a stronger market than a year ago. Single family home prices were a whopping 21.8 percent higher than in February 2011. Condo prices were 9 percent higher than last February.

The inventory for February stood at 4,588, down almost 5 percent from January’s 4,711, and 20 percent lower than last February’s total of 5,864. With fewer available properties, the law of supply and demand indicates asking prices could be climbing higher in the coming months.

The inventory hit a 10-year low of 4,408 in August 2011, and has remained at or close to this low level since then. As the inventory has slid, the months of inventory has also dropped. The figure now stands at 7.2 months for single family homes, compared to 8.3 last month and 8.0 months in February 2011. The figure was 9.1 months for condos, compared to 11.3 months in January and 10.4 months last February. A figure of 6 months is considered equilibrium between a buyer’s and a seller’s market.

Distressed property sales continued to represent a higher percentage than normal in the local market in February 2012, with 37.4 percent of all sales from bank-owned foreclosures and short sales. But the figure was a drop from the 40 percent total in January 2012, and far below the record high of over 50 percent in the second quarter of 2010.

Currently, only 740 properties for sale in the MLS are distressed listings (short sales and foreclosures), or roughly 15 percent of the market. Last month at this time, the number was 812 out of 4,711 homes and condos on the market, or about 17 percent. If this percentage continues to trend lower, we could begin to see median sales price increases going forward.

“The lower number of distressed property sales, and the decreased number of foreclosures and short sales available will likely mean greater competition and higher asking prices,” noted Benson. “We are all hoping for a return to historic levels of distressed properties, which would be less than 5 percent of the market. But until that day, our members will continue to educate themselves on the existing market and help customers make sensible decisions.”

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Sarasota History Alive 25th Edition

By | April 11, 2012

 

Sarasota, in the 1920’s, was a city caught up in the great Florida Land Boom. Every time you opened the paper real estate prices were creeping up, and fortunes seemed ready to be made. You had just one small problem. In order to get the well-to-do to invest, you needed to turn this city into a resort vacation destination. However, it had no premier hotel to bring these potential buyers to. Oh sure, you had the Belle Haven Inn and a few other older, smaller hotels, but nothing that would rate four stars in Fodors. So what do you do?

Well, if you’re Ralph Caples and W.C. Towles you talk to your good friend and Scottish Industrialist, Andrew McAnsh. After all, McAnsh had already wintered here for a few years, and he didn’t need convincing Sarasota could do with better digs. Towles, knowing well McAnsh’s Scottish pride, easily pitched the idea to him by saying, “You Scotsmen put Sarasota on the map; now it is time for you to give it a first class hotel!”

Courtesy of Sarasota History Alive!

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Sarasota History Alive 24th Edition

By | April 4, 2012

Today, many people look at the Marina Jack restaurant and boat docks and think they have always been here. Not so…They are just beyond where the Scots landed and built our first pier.

 

Courtesy of Sarasota History Alive!

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Sarasota History Alive 23rd Edition

By | March 28, 2012

Today, many people look at the Marina Jack restaurant and boat docks and think they have always been here. Not so…They are just beyond where the Scots landed and built our first pier. It wasn’t much at first, and it has evolved over the years to become the park and marina we have today.

Courtesy of Sarasota History Alive!

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April Events in Sarasota

By | March 28, 2012


The winter season is winding down now so it’s a great time to enjoy one or more of the many events and adventures in and around Sarasota! Check out just a few of the activities happening during the month of April:

 

Date

Event or Activity

Location

Click Link for

More Information

April 1st Sarasota Nautical Flea Market and Seafood Festival Sarasota Florida Nautical Flea Market
April 1st DeSoto Heritage Seafood Fest Bradenton Hernando DeSoto Historical Society
April 1-15th Ring of Fire – The Johnny Cash Musical Show Bradenton Manatee Players Theatre
April 3rd Baltimore Orioles vs State College of Florida Exhibition Game Sarasota State College of Florida Sports
April 4th Courthouse Square Concert Bradenton Realize Bradenton
April 5th Sailor Circus Spring Show Sarasota Sailor Circus
April 6th Music on Main Lakewood Ranch Lakewood Ranch Main Street
April 7th 12th Annual Easter Egg Hunt & Games Siesta Key Siesta Key Village Association
April 13th The Meadows Chorus Annual Spring Concert Sarasota Meadows Chorus
April 13-22nd Sarasota Film Festival Sarasota Sarasota Film Festival
April 14-22nd Sarasota Open Tennis Tournament Longboat Key Sarasota Open
April 14th Old Time Music Jam Bradenton Folk Jam
April 14-15th 34th Annual Siesta Fiesta Siesta Key Art Festival
April 14th Florida Intercollegiate Rowing Championships Sarasota Florida International Rowing Association
April 14th DeSoto Bottle Boat Regatta Bradenton DeSoto Heritage Society
April 13-15th Sharks Tooth Festival Venice Sharks Tooth Festval
April 18th Munchtime Musicales Free Concert Sarasota Sarasota Concert Association
April 19th Get Down Downtown Bradenton City of Bradenton
April 21st Suncoast Barbecue Bash Venice Suncoast BBQ Bash
April 21st 2012 YouthArts Fest Sarasota Sarasota Arts
April 22nd Oscar Scherer State Park 23rd Annual Earth Day Festival Osprey Oscar Scherer State Park
April 25th An Evening with Yanni Sarasota Van Wezel Performing Arts Hall
April 27th Live from Downtown It’s Friday Night Sarasota Downtown Sarasota Alliance
April 28th Gulf Coast Cheese Fest at G Wiz Sarasota Gulf Coast Cheese Fest
April 29th Sarasota Ski-A-Rees Waterski Show Sarasota Ski-A-Rees
April 30th Meet the Sky, Observational Astronomy Siesta Key Siesta Key

Call us when you are ready to make your move! To search for homes in the area go to Search for Sarasota Homes. We’re here to help you every step of the way…call us today!

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Sarasota History Alive 22nd Edition

By | March 21, 2012


The historic American National Bank Building, later known as the Orange Blossom Hotel, is located at 1330 Main Street in downtown Sarasota, Florida. The building is a significant historical and architectural landmark in the city. Neo-Classical in style, it is one of the three earliest skyscrapers in Sarasota.

It is the only existing one to retain its historic detail and appearance. Associated with the economic and tourism history of Sarasota, the bank and office building was completed in 1926. The financial decline of the Florida economic boom resulted in the failure of the American National Bank in 1928. Although briefly occupied by another banking organization, the building was converted to a tourist hotel in 1934.

Courtesy of Sarasota History Alive!

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Inventory Down 5% From Last Month, 20% From Last Year; Hits 10-Year Low

By | March 16, 2012


Pending sales in the Sarasota real estate market hit an 11-month high in February 2012, demonstrating once more the health of the local industry as the buying season heats up. Median sale prices were also up substantially for single family homes and condos in February 2012 compared to this time last year – another positive sign for a successful home buying season.

“I have heard nothing but positive reports from our members about the seasonal surge in our real estate market,” said SAR President Laura Benson. “Sales are up, prices are stable and much higher than last year at this time, and we are seeing multiple offers on many transactions. Pending sales are off the charts – we hit a 11-month high of 1,130 in February. This is all very encouraging news.”

The January 2012 holiday sales lull didn’t last long. The 177 condo sales in February represented the highest level in the last eight months. If pending sales, which represent properties going under contract, produce the expected level of closed sales, we could see a major selling month in March 2012. That could repeat what we saw in March 2011, when sales hit the highest total since 2005.

Overall, February 2012 saw a 15 percent increase in property sales over January 2012, and a 17 percent increase in pending sales from the previous month, both reaffirming numerous verbal reports of a very busy spring selling season in Sarasota. Closed sales stood at 414 for single family homes and 177 for condos, lower than in February 2011, but higher than last month. In February 2011, 471 single family homes and 201 condos were sold.

The single family home median price climbed to $167,500 in February 2012 from last month’s figure of $162,000. For condos, the figure fell to $150,000 from the January level of $180,000. Last February, both single family homes and condos were selling at the median price of $137,500, so both of the current numbers reflect a stronger market than a year ago. Single family home prices were a whopping 21.8 percent higher than in February 2011. Condo prices were 9 percent higher than last February.

The inventory for February stood at 4,588, down almost 5 percent from January’s 4,711, and 20 percent lower than last February’s total of 5,864. With fewer available properties, the law of supply and demand indicates asking prices could be climbing higher in the coming months.

The inventory hit a 10-year low of 4,408 in August 2011, and has remained at or close to this low level since then. As the inventory has slid, the months of inventory has also dropped. The figure now stands at 7.2 months for single family homes, compared to 8.3 last month and 8.0 months in February 2011. The figure was 9.1 months for condos, compared to 11.3 months in January and 10.4 months last February. A figure of 6 months is considered equilibrium between a buyer’s and a seller’s market.

Distressed property sales continued to represent a higher percentage than normal in the local market in February 2012, with 37.4 percent of all sales from bank-owned foreclosures and short sales. But the figure was a drop from the 40 percent total in January 2012, and far below the record high of over 50 percent in the second quarter of 2010.

Currently, only 740 properties for sale in the MLS are distressed listings (short sales and foreclosures), or roughly 15 percent of the market. Last month at this time, the number was 812 out of 4,711 homes and condos on the market, or about 17 percent. If this percentage continues to trend lower, we could begin to see median sales price increases going forward.

“The lower number of distressed property sales, and the decreased number of foreclosures and short sales available will likely mean greater competition and higher asking prices,” noted Benson. “We are all hoping for a return to historic levels of distressed properties, which would be less than 5 percent of the market. But until that day, our members will continue to educate themselves on the existing market and help customers make sensible decisions.”

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Sarasota History Alive 21st Edition

By | March 10, 2012


Harry Ben Rigby platted out his La Plaza Subdivision in 1925, and completed his unique enclave of Spanish Eclectic structures in 1926. They were perfect for him to house his family, and his Sarasota Real Estate Exchange office in their home, on the corner of Alta Vista and Osprey Avenue.

The other structures were meant to be affordable seasonal rentals and places for investors to stay while planning their dream homes. This was all great until the real estate market bottomed out, not long after their completion. Harry was forced to sell in 1930, and hunt and fish for food to feed his family. These structures stand as a reminder of what affordable houses could look like, even today.

Courtesy of Sarasota History Alive!

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New Pass Grill & Bait Shop

By | March 1, 2012

New Pass Grill & Bait Shop

Do you want the best cheeseburger in probably the whole state of Florida? We found it! It is even served in one of those old-fashioned wax paper wraps that gets good and greasy! This old-Florida (circa 1929) outdoor restaurant is window service only. The restaurant is open as early as 7AM to feed the fishermen breakfast as they head out to the Gulf through New Pass. They also serve beer and wine and doggy-dining is allowed. Their award-winning cheeseburger with a side of fries is only 7.99 and the view of the pass and New Pass bridge is second to none. They also serve hot dogs, delicious fish sandwiches, subs and more. Right next door is a full bait shop so come by car or by boat and enjoy this local eatery (and let’s try and keep it that way…) Come and relax here for breakfast or lunch on your way out to Mote Marine. You won’t be sorry! Address: 1505 Ken Thompson Parkway, Sarasota. New Pass Grill Website

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