Archives January, 2012

Home Builders: Twice as many “Improving Housing Markets”

WASHINGTON – Jan. 10, 2012 – The number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metros to the National Association of Home Builders/First American Improving Markets Index (IMI). The IMI now shows 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.

In Florida, three cities made it onto IMI’s improved list: Jacksonville, Cape Coral and Punta Gorda.

“The fact that the list of improving housing markets nearly doubled this month shows that a significant, positive trend is developing, and is even more relevant when you consider the expanding geographic distribution of the list – which now includes 31 states and the District of Columbia,” says NAHB Chairman Bob Nielsen. “This trend could be even stronger if not for the numerous impediments that continue to slow a housing and economic recovery, including overly restrictive lending policies and the growing inventory of distressed properties in certain markets.”

The IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac, and single-family housing permit growth from the U.S. Census Bureau. (more…)

Southwest Florida Residential Real Estate Market Trend Report – December 2011

December property sales throughout Southwest Florida improved to its best level since August. Pending sales were also up marginally, though to their best level in seven months.
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:
• Overall sales in the region during December were 9.2% ahead of November; but 6.7% below last December.
• December “pendings,” a telling indicator of future sales performance, were 0.3% ahead of November; and 12.4% ahead of last December.
• December’s inventory of available properties in the three-county area was down by 1.6% versus November; but down by 26.3% compared with last December.

 

Click on the image below to view the entire Market Trend Report for December, 2011:

 

Saunders Commercial Sale and Lease Report for December 17, 2011

Michael Saunders & Company is proud to announce several successful closings and leases made possible through the professional representation of our agents who work each day to fulfill the unique needs of commercial buyers, leasers and sellers.  For the week ending December 17, 2011:

 

 

LEASE

Landlord:  Courthouse Centre of Sarasota, LTD

Tenant:  Tannebaum, Scro, Hanewich & Alpert, PL

Address:  1990 Main Street, Sarasota, FL  34236

Type of Space:  6,025 SF Office Space

List Side:  MS&C Agents Massey/Lancaster

 

SALE

Seller:  Sun Trust Bank

Buyer:  Frank & Carol Cox

Address:  740 Commerce Drive, Units 4 & 5, Venice, FL  34292

Type of Space:  6,036 SF Industrial Flex Space

Price:  $175,000

Sale Side:  MS&C Agents Massey/Lancaster

 

LEASE

Landlord:  Liberty Savings Bank, FSB

Tenant:  Rehab After Work of Florida, LLC

Address:  2050 Proctor Road, Sarasota, FL  34241

Type of Space:  1,950 SF Medical Office Space

Sale Side:  MS&C Agents Massey/Lancaster

 

LEASE

Landlord:  Central Park of Commerce, LLC

Tenant:  Best Brand Bottlers

Address:  6620 19th Street East, Unit #106, Sarasota, FL  34243

Type of Space:  6,360 SF Industrial Flex Space

List and Sale Side:  MS&C Agents Bob and Roberta Kolton

 

SALE

Seller:  GT Associates, LLC

Buyer:  Spanish Legacy, Inc.

Address:  2822 Proctor Road, Sarasota, FL  34231

Type of Space:  1,918 SF Office Building

Price:  240,000

List Side:  MS&C Agents Dan Page, Bob Moffatt and Peggy Wellman

 

LEASE 

Landlord:  Chuck Young

Tenant:  Richard’s Foodporium

Address:  8125 25th Court East, Sarasota, FL  34243

Type of Space:  21,791 SF Industrial Building

List Side:  MS&C Agents Bob and Roberta Kolton

 

LEASE

Landlord:  Mirsko Ringling Holdings, LLC

Tenant:  Senior Information Center

Address:  1549 Ringling Blvd., Sarasota, FL  34236

Type of Space:  822 SF Office Space

List and Sale Side:  MS&C Agents DeLieto & Associates

 

SALE 

Seller:  Northern Trust

Buyer:  Michael Cote and Sylvia Deziel

Address:  1130 S. McCall Road, Englewood, FL  34223

Type of Space:  5,956 SF Multi-Family Complex

Price:  $575,000

List Side:  MS&C Agents John Weiss and Heather Schouten

 

LEASE

Landlord:  Vista Warehouse, LLC

Tenant:  Stephan Hall

Address:  1075 Innovation Avenue, Unit #101, North Port, FL  34287

Type of Space:  1,700 SF Industrial Flex Space

List Side:  MS&C Agents John Weiss and Heather Schouten

 

LEASE

Seller/landlord:  Vista Warehouse, LLC

Buyer/tenant:  Advantage Funding, LLC

Address:  1075 Innovation Avenue, Unit #103, North Port, FL  34287

Type of Space:  1,700 SF Industrial Flex Space

List Side:  MS&C Agents John Weiss and Heather Schouten

 

LEASE

Landlord:  Interstate Industrial, LLC

Tenant:  Alternate Postal Direct, Inc.

Address:  5000-A US-41, Palmetto, FL  34221

Type of Space:  2,500 SF Industrial Space

Sale Side:  MS&C Agents Bob and Roberta Kolton

 

SALE

Seller:  First Federal Bank of Florida

Buyer:  John & Charmienne Pohlman

Address:  2232 72nd Avenue East, Sarasota, FL  34243

Type of Space:  1,950 SF Industrial Building

Price:  $95,100

List Side:  MS&C Agents Bob and Roberta Kolton

3

Ellenton Real Estate – Tropical Harbor

Find a wide mix of home styles and sizes in Tropical Harbor. Pictured: 628 Poinsettia Ave.

Located in Ellenton, Florida, Tropical Harbor is a great community consisting of just 116 home sites that were built between 1958 and as recently as 2011. Many of the properties are located on canals that lead directly to the Manatee River, which provides easy access to the Gulf of Mexico. This community features homes of all sizes and price ranges, starting at 884 square feet and growing to 5,100 square feet, and is rich in varying styles from Old Florida bungalows to Mediterranean-style estates.

Market Activity –Tropical Harbor 

There are currently two homes on the market in Tropical Harbor that are under contract. One is listed for sale at $149,000 and has 1,247 square feet, two bedrooms and one bathroom. This home is located on a canal with a boat dock along the seawall.

The second home is listed for sale at $353,500 and has 3,784 square feet, four bedrooms and four bathrooms. This residence was built in 2007 with a pool and is also located on a canal.

One of the most recent sales in Tropical Harbor was listed by Debbie Vogler of Michael Saunders & Company and sold for $290,000. Adorned with neutral colors and located on a canal with a boat lift, this three-bedroom, 2,034-square-foot home featured many updates, including a remodeled kitchen with granite countertops and stainless steel appliances.

 Why Choose Tropical Harbor?

The bottom line on what makes this community so appealing to buyers is that it offers a great mix of home sizes to suit all tastes. Also, if you enjoy water activities, Tropical Harbor features a great location for water sports and recreation.

Ellenton is located in northern Manatee County, and Tropical Harbor is just minutes to I-75, which makes commuting to both the Tampa Bay region and Sarasota a breeze.

Southwest Florida Real Estate – When Performance Matters

Last week, the Sarasota Herald-Tribune profiled the buyers of last year’s ten most expensive homes. In doing so, it praised them for not only investing their wealth and confidence in Southwest Florida; but also for bringing a wealth of career and life experience to our community. The article was also quick to point out that the two highest sales of the year—involving properties sold for $12.5 and $7.58 million—were purchased by buyers from England and Canada. Not mentioned was the fact that agents from Michael Saunders & Company controlled 11 “sides” of the 10 sales. Six of the properties were listed—and five found buyers—through agents with the company.

News of these sales is encouraging on several fronts. First, our market, though by no means recovered, is having less and less trouble finding buyers for high-end properties—provided they are priced aggressively. Secondly, educated buyers in all price ranges are drawing the same conclusion; namely there may never again be buying opportunities to compare with those in today’s largely undervalued market. Still, even with value high on every buyer’s “must-have” list, they also choose Southwest Florida for its array of cultural amenities, award-winning beaches and other superior lifestyle options. (more…)

Rotonda, FL – Neighborhood Video

Rotonda is a delightful master-planned community midway between Sarasota and Fort Myers. It’s an 8,000 home site development laid out in a striking circular design, spacious and vast. 5,000 homes are completed and the community is experiencing rapid growth. Residents are predominantly full-time homeowners and their families, as well as tenants and those who winter here.

Rotonda’s amenities make it the perfect place to raise a family, retire in relaxing Florida lifestyle, and of course invest in property. Thirty miles of picturesque canals, lakes and ponds wind through the community and offer fishing and boating opportunities for its residents. Many exotic and beautiful birds call Rotonda West home, as it is a designated Bird Sanctuary. Nearby recreation facilities, beaches, theaters, sporting events, and fine restaurants are available for all. Clubs, activities, and many volunteer opportunities abound for those who wish to become involved.

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