Archives November, 2011

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Residential Real Estate Market Trend Report – October 2011

The market for properties throughout Southwest Florida remained relatively soft in October; its behavior consistent with the expected slowdown that typically occurs each year as summer winds down. Still, sales generally showed strong improvement versus a year ago.

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.

Please click on the image below to download the Full Report:

Saunders Luxury Sales Report for November 26, 2011

Michael Saunders & Company is proud to announce several closings made possible through the professional representation of our agents, who work each day to fulfill the unique needs of homebuyers and sellers.  For the week ending November 26, 2011, the properties below sold for over $1 million.

Nancy Sarajew of Michael Saunders & Company represented the buyer of a beautiful residence on Bird Key.  The home sold for $1,600,000 on October 21, 2011.  Coldwell Banker represented the seller.

Deborah Beacham of Michael Saunders & Company represented the seller of a gulf-to-bay estate on Casey Key.  It sold for $3,650,000 on October 27, 2011.  Re/Max represented the buyer.

 

 

 

Sandy Strom of Michael Saunders & Company represented the buyer of a lovely beachfront condo on Longboat Key.  The unit sold for $2,025,000 on November 2, 2011.  White Sands Realty represented the seller.

Delieto & Associates of Michael Saunders & Company represented both the buyer and the seller of a waterside site of vacant land in downtown Sarasota.  The location sold for $1,050,000 on November 4, 2011.

Michael Moulton of Michael Saunders & Company represented the seller and Stephanie Church, also of Michael Saunders & Company, represented the buyer of a spectacular penthouse in Plaza at Five Points.  The condominium sold for $1,400,000 on November 15, 2011.

Ian Addy and Gail Wittig of Michael Saunders & Company represented the buyer and seller of a beachfront deluxe residence located at the Inn on the Beach on Longboat Key.  The unit sold for $1,012,500 on November 22, 2011.

 

 

Michael Moulton of Michael Saunders & Company represented the seller of a sophisticated condominium at the Vizcaya on Longboat Key.  It sold for $2,250,000 on November 18, 2011.  Coldwell Banker represented the buyer.

 

 

Michael Saunders & Company is pleased to welcome Bob DiPietro to the Englewood office.

Bob brings decades of real estate and complementary business experience to Michael Saunders & Company. Before buying a home here in southwest Florida in 2005, Bob spent most of his life in New England, where he was involved in mass media, marketing and advertising for more than 20 years. He also created a chain of theme-based retail stores and managed them for more than ten years.

Over the years, Bob has bought and sold a number of residential, commercial and vacation properties for his own investment, and has gained experience in transactions involving 1031 exchanges. He has also been involved in condominium and planned unit development projects.

Waterlefe, FL – Neighborhood Video

Waterlefe is an exquisitely unique residential community. Nestled against the Manatee River, these 616 residences contain the excellent Waterlefe Golf Club, a collection of signature holes designed in a competitive layout that meets the needs of golfers of all levels. Unlike any other course in Bradenton, this one enjoys an unrivaled natural setting and is linked perfectly into the residential community.

The homes themselves range in style and encompass everything from trim condominiums, maintenance free villas, elegant townhouses and posh estate homes, with 125 homes featuring their own docks.  In addition, the Manatee River offers ample docking space—14 congregate docks and 59 marina slips that can house your vessel. You’re always minutes away from spectacular boating and fishing opportunities. If you prefer to keep your feet on dry land, stroll the quaint wooden bridges and take in the lovely views of the surrounding wetland preserves.

Michael Saunders & Company is pleased to welcome Sharon Ingram to the Bradenton office.

Born in Ohio, Sharon has enjoyed living, working and raising a family in Bradenton for most of her life. Prior to entering the real estate industry in 2004, she held a 220 Property & Casualty insurance license with the State of Florida. She also worked as an underwriter for a workers compensation self-insurance fund, and as a human resources specialist with the employee leasing division of ADP.

Prior to joining Michael Saunders & Company, Sharon worked for RE/Max Alliance Group, where she received recognition as a Five-Star Real Estate Agent in 2008, 2010 and 2011. To further enhance her career, Sharon earned the Graduate of the Realtor Institute (GRI), Certified Distressed Property Expert (CDPE), Short Sales and Foreclosures Resource (SFR) and ePro designations.

Longboat Key Real Estate – Harbor Section of Bay Isles

Find the perfect waterfront lifestyle in Bay Isles Harbor on Longboat Key.

Located at the south end of Longboat Key, the Harbor Section of Bay Isles is a luxury waterfront community set within its own private gated enclave in exclusive Bay Isles. The Harbor Section of Bay Isles has 60 custom homes with boating access and deepwater dockage that leads directly into Sarasota Bay. Having long been considered by many to be among the most desirable communities on Longboat Key, Harbor Section offers its owners membership to the Bay Isles Beach Club, which is located right on the beautiful Longboat Key Beach with its 11 miles of white sandy beach.

Market Activity – Harbor Section of Bay Isles

Real estate activity on Longboat Key has been brisk. There are currently five homes for sale in the Harbor Section ranging in price from $1,295,000—for a home built in 1986 with over 3,800 square feet—to $2,495,000—for a home built in 2002 with over 4,500 square feet.

The most recent sale in the Harbor Section was listed by Michael Moulton of Michael Saunders & Company’s Longboat Key office. This was the highest sale in the Harbor Section this year. This breathtaking property was newly built in 2011 and designed by architect Cliff Scholz, builder Steve Carr, and landscaping designer Michael Gilkey. This home boasts over 5,000 square feet and sold for $3,097,000. (more…)

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The Buck Stops Here

This past week, Southwest Florida received yet another acknowledgement (the second in as many weeks) that our market—along with other once-battered Florida real estate markets—is spearheading the nation’s real estate recovery.

24/7Wall Street, a web site for global investors, awarded Sarasota-Bradenton-North Port the top spot on its top-ten ranking of “The Cities Where People Really Want To Buy Homes.”  The week before, Realtor.com—the web site of the National Association of REALTORS—ranked our market fifth on its list of the nation’s “Top Ten Turnaround Markets.”

At about the same time we learned that life is surging back into Florida’s all-important tourism sector.  Tourism in the state rose 5.1% in the third quarter—compared with a year earlier—and Sarasota reportedly had its best summer season ever.  Florida also saw a boost in tourism-related jobs, with an increase of 5.4%, or 51,400 new jobs, according to the Sarasota Herald-Tribune. (more…)

Michael Saunders & Company is pleased to welcome Mary Fiorini to the Lakewood Ranch office.

Originally from West Springfield, Massachusetts, Mary relocated to the Bradenton area in 2005. Having owned and operated a successful hair and nail salon for over 20 years, she brings a wealth of experience in working closely with clients to ensure satisfaction.

In 2006, Mary transitioned to the real estate industry as a property appraiser, where she developed her proficiency in preparing comparative market analysis reports. Before joining Michael Saunders & Company, Mary worked with Coldwell Banker as a residential property specialist.

The Neighborhood Report – Golden Gate Point

Enjoy waterfront living just moments from the excitement of downtown Sarasota.

Just minutes from downtown Sarasota, Golden Gate Point is a 22-acre peninsula with envious water views and some of the most luxurious condominiums in Sarasota. Originally owned by circus magnate John Ringling, the property—known then as Cedar Point—has gone through several evolutions to reach its current state as a luxury residential community.

Market Activity – Golden Gate Point

To date, there are 23 active listings. These range from interior units beginning at $139K to a lavish, 6,000-square-foot bayfront front home with unprecedented views of the Marina Jack harbor and downtown available for $6 million. In between are two- and three-bedroom units with great views of Ringling Bridge starting at $500K. (more…)

Renting Out Your Home Made Easy

Throughout the depths of the housing downturn, the media never shied away from advising consumers that prices had a long way to drop before it made any sense to buy homes again.  Now that prices have been radically scaled back—in many cases to well below pre-boom levels—buyers are being re-advised to act promptly.  Here is a sampling of what business and real estate experts are saying now:

It’s an excellent time to buy a house either to live in for the long term or for investment income. —The Wall Street Journal

 “It’s important for America to realize that when it comes to housing now is the time to buy.J. P. Morgan

 “Many buyers who waited for rock-bottom prices know that now is the time to buy.” —U.S. News & World Report

 “Now could be the best time in history to buy a home.Market Watch (more…)

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