Strong Residential and Condominium Sales were reported in May, continuing the strong sales of the previous months in Sarasota. In May, Residential Properties sold were 298, while Condominium Properties sold were 215. These sales were across all price bands with the largest concentration in properties under $500,000. Higher end properties are also actively selling while [...]
Continue reading about Sarasota Florida Real Estate Continues Strong Sales In May!
There are some great deals in purchasing a property in Florida right now, but often these deals come with major issues.The Sarasota Herald Tribune reported this morning about one individual who purchased a Condo worth $100,000 for 2% of its value ($2,000). Only later did he find out that Wells Fargo Bank did not send a representative to the [...]
Continue reading about Florida Foreclosure Auction – Watch Out!
Lakewood Ranch located in Sarasota & Manatee Counties with a population of approximately 14,000 announced sales in the first two months of this year were record-breaking for the community. There were 77 new home sales and reservations in January and February, totaling more than $5.3 million in new lot sales. In the same period for 2010, [...]
Continue reading about Lakewood Ranch In Sarasota FL Reports Record Breaking Home Sales.
The Sarasota Florida Real Estate market in July 2009 was substantially healthier than last year at this time, with total unit sales up 29 percent to 595, and the months of home supply on the market once again dropping to levels not seen in three years. There were 450 single family and 145 condos sold [...]
Continue reading about Sarasota Florida Real Estate Sales Up 29 % In July 2009 Over July 2008.
There are some really Great Deals for single family homes and condos in Sarasota County Florida. Yesterday, we put an offer in on a Beautiful Single Family Home of 1,800 square feet with 3 Bedrooms, 2 Bathrooms, a Lanai and 2 Car Garage built 3 years ago that sold three years ago for $300,000. There [...]
Continue reading about Sarasota County Florida Real Estate Deals.
March 2009 Real Estate sales of residential and condo properties jumped to new levels offering the best report since 2006. Residential sales increased 80% in year to date sales and total listings dropping 2%. Condo sales increased 88% in year to date sales and total listings dropping 12%. With interest rates at record lows, great [...]
Continue reading about Sarasota Florida Real Estate Sales for March Up 80%.
In February, pending sales of homes and condos in Sarasota, FL rose to the highest level in three years, reaching 782. Clearly, single family homes led the way with 611 and condos reaching 171. This is a 19% increase over January.
As reported last week, two government agencies are proposing plans to attempt to drive the mortgage rates as low as 4.5%. Both the U.S. Treasury and the Federal Reserve have proposed similar plans to help the housing crisis. The idea is that the increased demand for mortgage backed securities would lower the mortgage rates.
October 2008 Real Estate Sales in Sarasota Florida increased 32% over September 2008 and a 12% increase over September 2007. The best news Sarasota has seen in 18 months.
Helen and I attended a seminar at the Sarasota Association of Realtors on Friday, October 10th where Vern Buchanan, Florida Representative to the U.S. House of Representatives, spoke. Vern told us about his frustration with the recent $700 Billion Bailout Bill. He received the first bill, some 300 pages on the Sunday night before the vote [...]
Continue reading about Vern Buchanan Offers Help With Freddie Mac and Fannie Mae Short Sales.
