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The Neighborhood Report – Main Street

MS&C Main Street Office

MS&C Main Street Office

Sarasota’s downtown is a vibrant destination brimming with a wealth of fine restaurants, specialty shops and splendid cultural attractions. With lifestyle options varying from soaring penthouse residences to quaint cottage-style homes, the downtown area boasts the perfect opportunities for anyone seeking the vivacious pace of city life. Centrally located at 1801 Main Street, Michael Saunders & Company’s downtown office is perfectly sited to allow our Realtors the convenience to serve property buyers and sellers throughout Longboat Key, Lido Key, Bird Key, Siesta Key and anywhere in Sarasota quite easily. 

How is the Downtown Sarasota Market?

Gary Loughlin, branch manager of the Main Street office, finds the market to be improving in general with property pricing being the most important consideration for both buyers and sellers. As of July 17, the downtown Michael Saunders office has over 40 pending transactions, a number that already exceeds the total of July 2008. This month’s closings span the pricing spectrum and involve properties that have spent a variety of time on the market. Of course, some are very quick closings and others have been in the works for quite a while.

Helpful Advice to Homebuyers

Gary suggests that people do not wait to purchase a home for two reasons:

1. The best priced and most desirable properties are being cherry-picked by intelligent buyers while inventory is being reduced.
2.  Mortgage rates are very attractive, keeping the total monthly costs of ownership quite reasonable. This will not last, as experts say the rates will increase.

Gary’s Bottom Line

If you are interested in selling your property, be aware that price is the most important consideration right now followed by the home’s condition the buyer observes throughout their tour. If you are thinking of buying or selling in the Sarasota area, come visit us in our downtown office. Our Realtors would be happy to sit down with you and discuss your needs.

  • User Gravatar Marianne LeBar
    July 22nd, 2009

    I had 27 agents come through my Michael Saunders broker open at 1937 Irving Street, West of Trail, after the sales meeting yesterday. That was awesome exposure.

  • User Gravatar Marianne LeBar
    July 23rd, 2009

    This resulted in two showing this week and an impromptu scheduled open house this Sunday to keep the momentum going.

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