Archive for the ‘Sarasota Market Reports’ Category

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West of the Trail – Midyear Market Report

Cherokee Park is one of the most sought after neighborhoods West of the Trail.

Cherokee Park is one of the most sought after neighborhoods West of the Trail.

West of the Trail is one of the most desirable areas within all of Sarasota.  While the moniker may not reside on any official map, West of the Trail is as common to the local lingo as the intracoastal or the Circle.

The neighborhood is positioned west of U.S. 41, also known as Tamiami Trail (are you with me now?) and it ends when it hits the azure waters of Sarasota Bay.  Much of the land is prime waterfront territory and close to all the vibrant centers of town where you can find great restaurants, shopping, the arts, the hospital, and first-rate schools. Even the architecture is incredibly diverse – ranging from Florida bungalows to midcentury modern homes to Mediterranean-style estates.   (more…)

Saunders Luxury Sales Report for August 3, 2013

Michael Saunders & Company is proud to announce the closings of Manatee, Charlotte, and Sarasota homes for sale  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 August 3, 2013 the properties below sold for over $1 million.

This Gulf-front property was the highest luxury sale for the week. On Longboat Key, it sold for $6.8 million

This Gulf-front property was the highest luxury sale for the week. On Longboat Key, it sold for $6.8 million

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Thinking of Selling in Lakewood Ranch? 5 Reasons Why You Should Do it Now

Lakewood Ranch Homes for Sale

This home has Sold. View more Lakewood Ranch homes for sale.

There is a lot of interest in Lakewood Ranch right now, from home buyers to builders. If you’ve been thinking about selling your home from within the #9 best-selling community in America, here are 5 reasons why now may be the time to sell.

1. Demand is High – The number of sold homes is up over 20% when comparing the last 12 months to the previous year, while pending sales are up over 23%.  (Source: Trendgraphix) These figures back what our Michael Saunders & Company agents already know – people aren’t just looking at Lakewood Ranch homes for sale right now, they are serious about buying. (more…)

What Statistics Can’t Tell You About Today’s Real Estate Market

sailboat_sunsetAre you imagining sunsets that glisten off azure water, relaxing weekends spent on your boat, Gulf of Mexico temperatures like bath water ? Well, if you are like most buyers today, chances are you’ve been dreaming about leaving your land-locked property for the perfect waterfront real estate.

Statistics show us that home sales in Sarasota, Manatee, and Charlotte counties are trending in record-high territory while pending sales for March were the highest it’s ever been. But what is it that you can’t see among detailed percentages, pie charts, and dizzying statistics? The answer behind what is motivating these trends. (more…)

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Waterfront Estate on Siesta Key Sells for $10 Million – Region’s Largest Sale in Two Years

Snook Inn

Snook Inn

A significant waterfront estate on the northern tip of Siesta Key has become the largest residential sale in Sarasota County in over two years. 

The luxury property, known as “Snook Inn,” closed this past week for $10 million, with agents from Michael Saunders & Company representing both the buyer and seller. 

Located at 3410 Flamingo Avenue, Snook Inn—so named for its Old Florida resort-style ambiance—was listed by Marcia Salkin and Paulene Soublis of the Longboat Key South office of Michael Saunders & Company. The buyers were represented by Pam Charron of the Main Street office of Michael Saunders & Company. (more…)

Residential Real Estate Market Trend Report for Southwest Florida – January 2013

Property sales throughout Sarasota, Manatee and Charlotte Counties declined in January compared with an unusually active December; but rose in comparison with last December. For the fifth straight month, the overall number of available properties rose, bringing some measure of relief to the region’s depleted inventory of properties as it entered its prime selling season.

Following are the combined highlights for the three-county region based on the latest Trendgraphix report covering January 2013 sales for Sarasota, Manatee and Charlotte Counties:

Click on the image below to view the full report for January

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New Traction In A New Market

housing market imageThe housing market in Southwest Florida has successfully finished rebooting itself.  In fully refreshing its fundamentals, it has given back as much as 40% of the exaggerated price appreciation that occurred at the peak of the housing bubble.

The number of homes for sale throughout Sarasota and Manatee Counties is currently at its lowest level in seven years, which has sparked competition among buyers that has led to 12 straight months of year-over-year median price increases. Meanwhile, the Federal Reserve did its part by lowering interest rates to historic, fire-sale levels—and has kept them there for quite some time.  So while the pundits split hairs trying to decide whether real estate markets everywhere have truly hit bottom—which clearly happened in Southwest Florida at least a year ago—the cost of borrowing to buy a home has never been cheaper.  (more…)

Residential Real Estate Market Trend Report for Southwest Florida – December 2012

Property sales throughout Sarasota, Manatee and Charlotte Counties rose again in December, compared with the previous month; and were up substantially compared with last December. For the fourth straight month, the overall number of available properties rose, bringing some measure of relief to the region’s depleted inventory of properties just as it enters its busiest sales season.

Following are the combined highlights for the three-county region based on the latest Trendgraphix report covering December 2012 sales for Sarasota, Manatee and Charlotte Counties.

Please click on the image below to download and view the full report.

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Market Snapshot for October: Southwest Florida Outperforms the Nation

Southwest Florida Housing Recovery Outpacing The Nation

How appropriate it was that the days leading into Thanksgiving brought good news from the housing front that gave our region that much more to be thankful for.

First there was this, from the National Association of Realtors:  Despite low property inventories in many U.S. markets, sales of existing home rose nationally by 2.1% in October, versus the previous month; and were up by 10.9% compared with a year ago.

Meanwhile in Southwest Florida, October home sales dramatically outperformed the nation. Lower-than-normal inventories notwithstanding, combined sales throughout Sarasota, Manatee and Charlotte Counties rose by 9% compared with September; and were up by 18.6% over last October.  Pending sales—or those properties placed under contract, but not yet closed—were up by 23.7% over September; and up 33.1% compared with October 2011.    In fact, during every month of 2012, closed and pending sales have outpaced their corresponding month of 2011. (Source:  Trendgraphix, October 2012) (more…)

Sarasota Real Estate – 7-Year Inventory/Sales Trends for Sarasota, Manatee & Charlotte Counties (By Quarter)

MARKET SNAPSHOT FOR JULY 2012

 

— The number of closed sales in July slipped 14.3% below June; but was nearly 12% ahead of last July. The relative month-to-month decline would normally be attributed to our market’s traditional summer slowdown. But because demand for properties remains high in the face of steep declines in prices and inventory, this July’s softness in sales probably has more to do with the lack of choices inhibiting buying.

— Pending sales, on the other hand, continue to show strength in July with homes placed under contract (but not yet closed) up by 10.2% over June;  and up 33% compared with last July.

— The inventory of available properties throughout Sarasota, Manatee and Charlotte Counties continued its steady decline in July. As of the end of the month, the number of available properties was 3.3% lower than in June; and 23.9% lower than July 2011. Inventories across all three counties are now at their lowest levels in seven years.

— Prices, for the most part, are definitely firming; but have actually risen significantly in many in-demand neighborhoods and popular price ranges. Contact an agent from Michael Saunders & Company, or visit michaelsaunders.com to learn about the exact conditions in the neighborhoods and price ranges where you are considering buying or selling.

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