Featured Real Estate Article

February 2013 Sarasota Real Estate Sales Up 24% Over Last Year

By | March 19, 2013

Red Upward Graph

Red Upward GraphThe Sarasota real estate market saw sales leap by 24 percent in February 2013, compared to February 2012. This follows January’s 22 percent increase, and if the rest of the year continues to reflect 20 percent monthly sales increases, 2013 could be one for the record books.

Members of the Sarasota Association of Realtors ® sold 733 properties in February, compared to only 591 sales last February, and 626 closings last month. The breakdown was 504 single family homes and 229 condominiums. That compared to 414 single family homes and 177 condos sold in February 2012. In 2012, sales increased markedly in February, March and April, climbing to 886 closed transactions in April before moderating in the summer months.

Pending sales, which predict future closings, were at 1,138 in February, up from January’s total of 1,047. The figure was the highest since March 2011, almost two years ago. The statistic represents properties that went under contract during the month, and indicates sales in March and beyond could also be at high levels.

The available inventory remained near the lowest level in a decade, declining to 3,790 from the January 2013 total of 3,846 properties on the market. The figure is 17.4 percent lower than in February 2012.

“These statistics continue to demonstrate a healthy, energized real estate market,” said SAR President Roger Piro. “We had the fourth highest sales year in history in 2012, and sales for the first two months of 2013 are already topping last year’s monthly levels by 23 percent. The pending sales figure also indicates strong sales continuing in the near term, so we could see yet another historic sales year.”

To view the full press release along with statistical charts click here.

Courtesy of Sarasota Association of Realtors

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January 2013 Real Estate Sales Up 22 Percent Over Last January

By | February 23, 2013

business graph in blueThe Sarasota real estate market saw sales leap by 22 percent in January 2013, compared to January 2012 – a great start for the new year, and evidence that the 2012 real estate market boom is continuing unabated.

Members of the Sarasota Association of Realtors® sold 626 properties in January – 466 single family homes and 160 condominiums. That compared to 365 single family homes and 148 condos sold in January 2012. The January sales represented a drop off from the December 2012 total of 828 sales. A similar decrease was seen last year from December to January. In 2012, sales increased markedly in February, March and April, climbing to 886 closed transactions in April before dropping off slightly in the summer months.

Pending sales, which predict future closings, were at 1,047 in January – the highest level in nine months, and well above the pending sales reported in January 2012 (963). This statistic, which represents properties that went under contract during the month, indicates the February sales could also be at a healthy level.

The available inventory remained near the lowest level in a decade, but rose somewhat in January 2013 to 3,846 from the December 2012 total of 3,657. The figure was still 1,000 fewer properties than in January 2012.

“We are seeing some sellers returning to the market to take advantage of the spring buying season, so our inventory level has increased slightly,” said SAR President Roger Piro. “The biggest current trend remains the high level of market activity – foot traffic at open houses, competitive bidding for available homes, and tremendous volume of sales.”

To view the full press release with statistics click here.

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Walk To Siesta Key Village From Whispering Sands

By | January 21, 2013

CMS_12512_20003Located just steps away from the Broken Egg, Siesta Key Oyster Bar, and the world-famous #1 Siesta Key Beach, Whispering Sands is a well-kept treasure for seasonal and year-round owners alike.

Whispering Sands is a sprawling complex with attached villas, townhomes, and two highrise condo buildings that directly overlook the azure waters of the Gulf of Mexico.  It backs up to Siesta Key Village and there’s a hidden, residents-only gate for quick access to the local shoppes.

Unique to the community is an 800′ private beach, so competing with the locals for a spot on the sand isn’t a problem.  There are also two community pools, a tiki bar picnic area with grills, two clubhouses, and a shuffleboard court.

Whispering Sands is a 55+ community but owners don’t have to be 55+ if they don’t live in the community full time.  Rentals are possible and in demand; leases must be for a minimum 2-month period.

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Sarasota Market Nearing 4th Best Year Ever

By | December 18, 2012

a-housing-graph

a-housing-graphThe Sarasota Association of Realtors just released the sales figures for the month of November. We are on pace to see the fourth highest number of annual sales in SAR’s 90-year history in 2012, after members sold 764 properties in November 2012, a robust 29 percent increase over last November’s figure of 602 total sales. The sales total was also 8 percent higher than in October, when 719 properties changed hands.

The category totals were 556 single family homes and 208 condos sold, compared to last November when only 435 single family and 167 condos were sold. This summer and fall, the market has remained extremely active, with open houses experiencing heavy foot traffic and multiple offers reported on many available properties. The available inventory remains near the lowest level in a decade, and the improving economy and employment picture have also helped fuel the real estate market recovery.

Click here

<a href=”http://www.sarasotarealtors.com/files/monthlystatistics/Dec2012Stats121214123214.pdf“>here</a>

to view the full press release.

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Sarasota Real Estate Sales Statistics for October

By | November 20, 2012

October 2012 sales jump 24 percent over last year!

The Sarasota Association of Realtors just released the statistics for the month of October which show that members of the Sarasota Association of Realtors® sold 719 properties in October 2012, a robust 24 percent increase over last October’s figure of 577 total sales. The sales total was also 10.9 percent higher than in September, when 648 properties changed hands.

The category totals were 516 single family homes and 193 condos sold, compared to last October when only 412 single family and 165 condos were sold. Over the last several years, the local real estate market has witnessed sales lulls in September and October. But this year, the market has remained busy and healthy in the early fall, following a very active summer. Foot traffic at open houses has remained strong and multiple offers on available properties have become routine. The inventory – at the lowest levels in a decade – is partially responsible for this trend, along with the improving economy.

For the full report and statistical charts click HERE.

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Sarasota Real Estate Market Update

By | October 23, 2012

The Sarasota Association of Realtors just released the sales statistics for the month of September showing that members sold 648 properties in September 2012, up almost 14 percent from last September, when only 570 transactions were closed. The figure was down almost 21 percent from the 819 sales in
August 2012, continuing the historic trends that normally show a sales lull in the early autumn.

The category totals were 500 single family homes and 148 condos sold, compared to last September when only 430 single family and 140 condos were sold. This summer was an exceptional one for local Realtors® who normally have a respite after the spring season. This year, traffic at open houses has been heavy and multiple offers on available properties have become the norm. Part of the reason for this has been the continuing decline in the inventory of available properties on the market.

Click Here to view the full report.

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Why Get a Home Inspection?

By | September 18, 2012

A Home Inspection is a visual examination of the physical structure and systems of the home, from top to bottom and inside out. It is a process of discovery.   The professional home inspectors have a unique skill. They have developed an instinct for discerning problems or deficiencies through intense training and lots of experience performing inspections.After the discovery of the home is complete, the information is transferred to a computer generated report with digital photos added, as needed. The report will include deficiencies, recommendations, and cost to repair when appropriate. The report can be delivered  by email, downloaded from our web page, faxed, or mailed.

The purchase of a new home is one of the single most costly investments that a family will make. Along with the extra stresses this will add, there is also the fear factor of, “Will This Home Stand The Test of Time?” It is also important to know what YOU, as the primary investor, are getting for your money.A home inspection is an excellent tool for you, the home buyer, to help determine not only the condition of the home, but to also help foresee any immediate unnecessary additional cost that may go unnoticed without the help of a home inspection. Home inspections are not a prediction of future performance, but can pinpoint existing problem areas.

 

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Sarasota County Schools Back in Session

By | August 27, 2012

While much of the country is still enjoying  the lazy days of Summer until after Labor Day Sarasota’s 40,000 students  headed back to school on August 24 to start the 2012-2013 school year.  Sarasota is fortunate to have an outstanding public school system that as a community we are proud of!  Our residents understand the importance of excellent schools and continue to support extra funding through tax initiatives. 

Thank you to our teachers, staff, and administrators for all you do to make our children successful!

Please click on this link for the Sarasota County Public School Website.

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Most Affordable Places to Live

By | August 24, 2012

CNN Money Magazine just released their list of most affordable places to live and our own North Port in the southern part of Sarasota County came in at #2. With affordable housing, lower property taxes and what we feel is the best lifestyle we’re not surprised at the ranking. The top 10 communities are:
1. Spring, Texas
2. North Port, Florida
3. Missouri City, Texas
4. Cedar Rapids, Iowa
5. Bellevue, Nebraska
6. Rochester, Minnessota
7. Warner Robbins, Georgia
8. Enid, Oklahoma
9. Casas Adobes, Arizona
10. Sioux Falls, South Dakota

Click here to see their full story.

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