The St. Armands area offers a variety of lifestyle options.
Barbara Roberts, managing broker of our St. Armands Circle offices, reports an increase in walk-in activity. During the Thanksgiving holiday weekend, the agents of her office noted return customers coming in to inquire about the status of the real estate market.
We are pleased to welcome Karen Lyons Nowadly to our St. Armands offices. Karen brings over 10 years of real estate experience Michael Saunders & Company.
A premier property was just listed by Jenifer Schwell in the Grand Bay condominium community on Longboat Key. This residence is elegant and sophisticated with top-of-the-world views of the city and Sarasota Bay. This newly listed property is priced at $1.295 million.
A true real estate professional, Linda Dickinson has a system for staying in touch with past customers and clients. One of Linda’s personal clients recently referred his colleague from Chicago to her. On their third buying trip to Sarasota, they fell in love with Orchid Beach, and Linda just closed on an Orchid Beach condominium for them at $2.175 million. Linda says, “It pays to stay in touch.”
Sales Activity – Lido Key and Bird Key
St. Armands office agent John August reports on recent activity on Lido Key and Bird Key:
Pending Sales in Lido Key and St. Armands Areas – Last 30 days
In the last 30 days, two single-family homes have gone pending, priced between $449,000 and $1,790,000.
Closed Sales in Lido Key and St. Armands Areas – Last 30 days
In the last 30 days, one condominium has closed at $207,750. Year-to-date, 20 single-family homes were sold as compared to 16 in all of 2008. Of these homes, 55 percent were sold for less than $1 million, while in 2008 37.5 percent were sold for less than $1 million. In condominiums year-to-date, 42 were sold while in all of 2008 only 29 were sold. Of these, 71.4 percent were sold for less than $1 million, while in all of 2008 62 percent were sold for less than $1 million. In conclusion, we are have more sales, but at lower price points.
Pending Sales in Lido Shores Areas – Last 30 days
In the last 30 days, one single-family home has gone pending, priced at $829,000.
Closed Sales in Lido Shores Areas – Last 30 days
Year-to-date, six single-family homes were sold as compared to 5 in all of 2008. Of these, 50 percent were sold for less than $1 million, while in 2008 40 percent were sold for less than $1 million. In conclusion, we are have more sales, but at lower price points.
Pending Sales on Bird Key– Last 30 days
In the last 30 days, four single-family homes have gone pending, priced between $560,000 and $1,800,000. Two of these homes were off water and two were canal-front homes.
Closed Sales on Bird Key– Last 30 days
In the last 30 days, seven homes have closed at $475,000 to $2,450,000. Four are off water and three are direct bay front homes. Year-to-date, 32 single-family homes were sold ranging in price from $380,000 to $4,750,000 as compared to 34 in 2008, which ranged from $432,500 to $6,900,000. Of these, 78 percent were sold for less than $1 million, while in 2008 55.8 percent were sold for less than $1 million. In conclusion, we are have similar sales numbers, but at lower price points.
