The SarasotaOne Real Estate Blog
Sarasota Real Estate Market Continues Up
The Sarasota Real Estate Market is peaking at higher levels both in units sold and price as we predicted at the end of last year. This is good news for sellers in this market. For buyers who believe history repeats itself, there may be opportunities to buy at relatively attractive levels over the summer.
Sales May be at a Seasonal Peak
Sales appear to be peaking at the same time as the previous two years during early summer but at an almost 10% higher level than last year in terms of units sold. After making two attempts
When is the Best time to Buy in Sarasota?
Real Estate is one of the biggest investments we will ever make. Like any other investment, timing can be a key component of an overall purchase strategy. For those who have been following our market updates, we called the bottom in April of 2011. We not only track the number of sales but also average price and price per square foot for Sarasota County.
Patterns Emerge Since 2010
What we saw in the 2012 Sarasota Market Report were consecutive years of higher
Just Listed - Covered Wet Slip
Rare Covered Slip Accomodates 50 foot Boat
It is a rare occasion to find covered boat slip in the Sarasota and here is the real deal! Situated just of the intra-coastal waterway in Osprey Harbor Village at the Wet Slips at Bellagio Harbor, your yacht, up to 50+ feet stays out of the Florida sun in the protected harbor. Located at 480 Blackburn Point Road in Osprey, It’s just a quick trip south by water to
Sarasota Luxury Home Sells for $7,000,000
Sarasota Real Estate Group announces their most recent luxury home sale at 1452 Hillview Drive for $7,000,000 in the highly sought after "West of Trail" neighborhood of Harbor Acres. John Woodward worked with the buyers of this magnificent bay front home built in 1997. Situated on two lots covering nearly 1.5 acres, this is a setting and the perfect home that dreams are made of. Sold on the heels of the recent Siesta Key home sale for $10 million, this sale further demonstrates the strength of the local housing market and the confidence buyers are showing towards Sarasota.
Built by WG Mills and designed by the Skirball Group Architects, this five-bedroom, five-full and three-half bath home has been
Just Sold on Longboat Key
Sarasota Real Estate Group announces their latest Longboat Key sale at 909 Spanish Main Drive. John Woodward worked with the buyers of this wonderful turn-key standalone bayside villa.
Spanish Main offers a carefree maintenance free community centered on a community deep water
Sarasota Real Estate Sales Up for 2012
Seven Years of Volume Increases - Three Years of Price Increases
Total sales for the 2012 Sarasota Real Estate Market came within ½% of 2005 sales levels. There has been a nice upward trend which started in 2007. The difference this year was an overall reduction in inventory by nearly one-third over prior years. Simple supply and demand rules means one thing, the bottom is behind us as we predicated almost a year ago and prices are starting to rise while inventory shrinks.
Sales for Sarasota County came in at 10,511 total units up
When purchasing real estate, everyone wants the best value which is not always the best price but rather, the best price for the dollar. This unit has it all. The lowest price in the building, a spectacular top floor location, and
Sarasota Real Estate Market Update for
Earlier this year we called the bottom of the Sarasota Real Estate market. Buyers who bought are enjoying the beginning of market appreciation. What we missed in our April call was the national media attention pointing out the real estate market is booming. This news caused the annual updraft in homes sold to occur in September of this year vs. February as the past two years have shown.
Number of Sales Up
Sales bottomed in October this season with 687 total units which was ahead of the past two years lows of 673 and 596. Consistent with the average and average price per square foot, the seasonal surge came
2712 Nassau St, Sarasota FL - Just Listed
Located in the highly desirable 34231 zip code of Sarasota
This property is no longer avaiable.
Oftentimes future home buyers are first drawn to foreclosures because of the perception they are the best deals. In our experience we have found foreclosures are not always the best value. These homes are usually sold “as is” and will generally require at least a modest amount of work. There are the obvious things you’ll find like the condition of the roof may not be so good, missing or worn out appliances, flooring that will need replacement and will need to be installed, a pool that might have issues, and questionable electrical or plumbing. What is not always known are the hidden concerns including all of the “stuff” behind the walls. The added cost and time of repairs can quickly turn a cheap purchase in to a money pit!
Better than a Foreclosure, this home is ready for new owners now!
You should not always look just at the lowest price but focus on
Siesta Key Real Estate
Another Canal Front Home Sold by John Woodward
John Woodward recently sold 940 Siesta Key Place located in Siesta Key. John was working with the buyers on this successful sale. This home is situated on a quiet cul-de-sac with the canal to Roberts Bay on two sides. It is the ideal boating water with deep water access to the inter-coastal waterway without any bridges to contend with.
This 3,451 square foot home sold for $965,000 back in December of 2002. Knowing this helped us to benchmark where today’s pricing should be. The home, being a foreclosure, suffered from having all the appliances taken out, much of the pool equipment was removed, and there was the expected general lack of maintenance. There were also some issues of minor water intrusion. The home has great bones and we based our valuation accordingly.
Fifth Third placed the home