Archives October, 2011

Saunders Luxury Sales Report for October 22, 2011

Michael Saunders & Company is proud to announce several closings made possible through the professional respresentation of our agents, who work each day to fulfill the unique needs of homebuyers and sellers.  For the week ending October 22, 2011, the properties below sold for over $1 million.

Beth Afflebach and Joan Dickinson of Michael Saunders & Company represented both the buyer and seller of a beautiful beach condominium at The Beach Residences.  The unit sold for $1,350,000 on October 14, 2011.

Sylvia Zimmerman and Marlene Liberman of Michael Saunders & Company represented the seller, and John August, also of Michael Saunders & Company, represented the buyer of a 6th floor residence in Grand Bay.  The selling price was $1,137,000 on October 13, 2011.

Maryanne Kurtz and Dan Olson of Michael Saunders & Company represented the buyer of a magnificent waterfront estate in Englewood.  The property sold for $4,800,000 on October 19, 2011.  Re/Max represented the seller.

Klaus Lang of Michael Saunders & Compnay represented the buyer of a lovely residence in the community of Lido Shores.  The residence sold for $1,200,000 on October 19, 2011.  Coldwell Banker represented the seller.

Kristen Srur and Stacy Hanan of Michael Saunders & Company represented the buyer of a magnificent home in Harbor Acres.  It sold for $2,700,000 on October 17, 2011.  Realtone Florida represented the seller.

Michael Moulton of Michael Saunders & Company represented the seller of a spectacular, gated Bay Isles residence on Longboat Key.  The home sold for $3,097,000 on October 17, 2011. Re/Max represented the buyer.

 

 

Residential Real Estate Market Trend Report For Southwest Florida

Sales Reporting Period:  September, 2011

After a strong August, the market for properties throughout Southwest Florida slowed in September; but its behavior is consistent with the expected slowdown that typically occurs each year as the summer tourism season winds down.  Following are the combined highlights for the three-county region based on the latest Trendgraphix report on MLS sales for Sarasota, Manatee and Charlotte Counties.

 

* To view the entire Market Trend Report click on the cover below to download the full PDF version*

The Neighborhood Report – Point Crisp

This incredible custom residence is set at the tip of Point Crisp. Pictured: 1456 Point Crisp Rd.

Named after a robber-baron and an exquisite and historic part of Siesta Key’s past, the peninsula of Point Crisp extends into the Intracoastal Waterway and Little Sarasota Bay on the east side of Siesta Key—just south of the Stickney Point Bridge. This exclusive enclave of 16 properties lines a lush, tropical, meandering road. Of these, nine properties are set on a point of land that juts out into Little Sarasota Bay, affording beautiful water views from both the front and rear of the homes. One special property even boasts its own private island. In addition to its proximity to one of the world’s most gorgeous beaches, this prized location offers exceptional boating water. Point Crisp is truly a unique tropical paradise and a pleasure to call home. (more…)

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VISIT-USA Explained

Newly-proposed legislation that would grant resident visas to international buyers who spend at least $500,000 in cash on residential properties in the U.S. is one of the most intriguing ideas we’ve heard to help shore-up the nation’s hardest hit housing markets. The concept is part of a broader immigration package aimed at boosting foreign travel and investment in the U.S.

The bill, entitled The Visa Improvements to Stimulate International Tourism to the United States of America Act (or VISIT-USA Act), shows early signs of bi-partisan support; with it’s co-sponsors, Senators Mike Lee (R-Utah) and Charles Schumer (D-N.Y.), representing each side of the political spectrum.

We know from experience that foreign buyers—particularly from Canada and Great Britain—have a strong propensity for purchasing vacation homes in Southwest Florida.  Basically, the only thing preventing more of them from cashing-in on today’s reduced home prices are the restriction that typically reduces their annual stay in the U.S to the equivalent of six months—usually in 90 day increments.  This bill bets that by removing this restriction baby boomers from around the world will join their U.S counterparts in retiring to Florida—with much of their accumulated wealth in tow. (more…)

Sarasota, Manatee & Charlotte Counties: September 2011 – Year Over Year Sales Comparison

TRENDGRAPHIX MARKET SNAPSHOT FOR SEPTEMBER 2011

In Sarasota County, September sales were marginally lower than last September; while pending sales rose by 11.8%. The inventory of available properties continued to decline substantially during the month—by 28.1% versus last September.

In Manatee County, year-over-year sales in September were also down—by 8.1%; but pendings rose by 8%. The year-over-year inventory of available properties declined by 27.9%.

In Charlotte County, year over year sales in September were down by 6.1%, but pendings were up dramatically, by 18.3%. The year-over-year inventory of available properties declined by 27.6%.

 

 

 

 

 

Whitfield Estates, FL – Neighborhood Video

When they say location, location, location, they’re talking about Whitfield Estates. Ideally situated between Sarasota and Bradenton, it enjoys the best of both worlds. Set just north of Sarasota, it’s easy to travel downtown to delightful restaurants and shopping, or to the Ringling Museum for a picnic on the expansive grounds, a stroll through the art galleries and a play at the Asolo Theater. Tucked in the southern border of Bradenton, Whitfield Estates is close to diverse dining and the beautiful Sarasota Bay. The international airport is nearby, providing easy access for vacation getaways.

This charming community was established in the 1920s. Numerous homes are listed on the National Register of Historic Places. Whether you’re a young professional, a growing family or an active retiree, you can find your perfect home here.

Michael Saunders & Company is pleased to welcome Chris Wetzig to the St. Armands II office.

Born and raised in Colorado Springs, Colorado, Chris relocated to the Sarasota area via Denver in 2009, where he currently resides on Lido Key. Chris played division I tennis for the University of California-Santa Barbara before transferring to the University of Denver, where he later earned a bachelor’s degree in business.

Before entering the real estate industry, Chris worked for a mutual fund company in Denver, where he enjoyed a role as a service specialist. After earning his real estate license in 2009, Chris quickly gained expertise as a waterfront and island communities specialist.

Chris is a member of the Sarasota Young Professionals group and the Communications Committee based out of Sarasota Association of Realtors. He also serves as a member of the Ringling Museum of Art and Mote Marine Aquarium.

The Neighborhood Report – Sorrento East

Pictured: 461 Duchamp Drive, represented by Laura Kovac.

What better place to live than adjacent to Oscar Scherer State Park? Sorrento East, one of the most popular mid-county neighborhoods, offers a variety of housing styles, with approximately 600 single-family homes, 150 freestanding maintenance-free villas, and 48 multi-story condominiums. Residents enjoy its five fishing lakes, nearby boat docking privileges, central utilities, reasonable deed restrictions, public roadways and easy access to I-75. Its spacious lots and proximity to world-renowned Pine View School, as well as Laurel-Nokomis elementary and middle Schools, have attracted many families with children to the neighborhood. Nokomis Public Beach, public boat ramps, and Historic Spanish Point are all less than a ten-minute drive away.

Residents are encouraged to join and participate in the voluntary homeowner association that has, since the beginning of the community, made the neighborhood one where people want to live. (more…)

Countdown to Success

With prices stabilizing in the segments of our market below $500,000, buyers have reduced the inventory of available homes in Sarasota County to levels not seen since the property shortage created by the real estate boom in 2005. Their demand for more and better listings makes now an excellent time to list your home for a potentially more satisfying result—provided it is well-priced and reasonably well-maintained.

If you are thinking of selling now to take advantage of our recovering market as it approaches the busiest sales season of every year, here are the…

Top Ten Reasons To List Your Home With An

Agent From Michael Saunders & Company

1- The newest TRENDGRAPHIX® report (issued earlier this month for Sarasota County) reveals that over the past year, agents from Michael Saunders & Company collectively accounted for nearly as much in closed dollar volume—across all price ranges—as our closest two competitors combined. (more…)

Michael Saunders & Company is pleased to welcome Stephen Harris to the St. Armands II office.

Steve relocated to the Sarasota area in 1983 from Colorado, where he attended the University of Northern Colorado and later owned a construction business focused on building passive solar homes.

As a Realtor, assisting homebuyers and sellers throughout Sarasota has been a perfect fit for Steve, who enjoys selling the lifestyle he has come to cherish here on the west coast of Florida. A proven expert in waterfront, barrier island and luxury properties, Steve developed his market skills with Prudential Cascade Realty, where he earned recognition as a top producer among the top 3% of nation-wide fine home specialists.

Steve has obtained the Accredited Buyers Representative (ABR), Graduate of the Realtor Institute (GRI) and Senior Real Estate Specialist (SRES) designations.

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