Sarasota Inventory Levels

March sales stats for Sarasota real estate market... positive!

Shayla Twit

Wednesday, April 14th, 2010 at 8:11am. 143 Views, 0 Comments.

MARCH sales stats for Sarasota real estate market skyrocket!  Highlights:

* Sales in March were the highest since December 2005... at 753 units sold

* Pending sales were also the highest they've been in four years... at 1,060 under contract, which is 30% higher than last March

* The high Pending figures will reflect Sold properties in the upcoming months

* Probably the most positive information is that the median sales price for both single family homes and condominiums rose in March!!

* Single family homes' median price rose to $170,000... up 13.3% from February's $150,000 price point

* Condominimums' median price rose to $210,000... up 24% from February's $169,000 price point

* In looking at a more steady figure, over the prior 12-month period, single family…

Tax credit... time running out + Price reductions

Shayla Twit

Wednesday, April 7th, 2010 at 12:47pm. 130 Views, 0 Comments.

FIRST-TIME HOME BUYER TAX CREDIT.... TIME RUNNING OUT:

* Your chance to take advantage of either the First Time Homebuyer Tax Credit or the Current Homeowner Tax credit will soon expire

* If your home purchase qualifies, your transaction must be under contract by April 30, 2010 and closed by July 1, 2010 to receive the credit

* See me for details!

PRICE REDUCTIONS:

a}  2135 Lusitania Dr, Sarasota.... reduced from $475k to $450k!,  Features: 4b/2ba/2553sf floorplan.  Remodeled Phillippi Creek canal front pool home on oversized lot. Private seawall and dock in your own backyard with access to the Gulf with one bridge. Updates include: new kitchen featuring lots of granite extended countertop space, solid wood cabinets, recessed lighting and modern light fixtures,…

Good news for FL sellers?

Shayla Twit

Wednesday, March 31st, 2010 at 1:56pm. 134 Views, 0 Comments.

Do we finally have GOOD news for FL area sellers?:* The FL market tends to follow the CA market* And CA has seen a recent rebound in the home price index over the past eight months in a row* Buyers in CA are starting to see prices creep upwards* In my work with Buyers, it has become more and more common that the most aggressively priced listings receive multiple offers and are selling for above asking price* Prime example: golf course front home in Sarasota, 3000sf, foreclosure, listed for $240k, less than a week later they received ten offer and the home sold for over $300k* The largest monthly gain was in Los Angeles where prices rose 1.8% from December* Realtors out there sense that the worst of the downturn is over and the FL area is starting to…

February sales stats for Sarasota real estate market

Shayla Twit

Saturday, March 13th, 2010 at 8:01am. 235 Views, 0 Comments.

Every month the Sarasota Board of Realtors releases the sales stats.  Here are the highlights for February:

* Sales were up 49%!

* Total sales reached 528.

* The number of Pending transactions wwere 967, which is the 2nd highest total over the previous 4yrs and up 23% over Feb '09.

* The statistics continue to reflect a recovering Sarasota market.

* Median sale prices rose in Feb for condos, while slipping slightly for single family homes.

* The median sale price for a single family home was $150,000, down 4 percent from January's $156,250, but up 5.6 percent over last February's figure of $142,000.

* For condos, the median price rose to $169,000 from last month's level of $165,000, a 2.4 percent increase.

* Distressed property sales represented 47% percent of…

At your service...

Shayla Twit

Thursday, February 25th, 2010 at 10:30am. 125 Views, 0 Comments.

Are you thinking of purchasing or selling?  Or know someone who may be?  I am at your SERVICE....

* As we all move through the challenges of this market, I have become an expert in dealing with your short-sale and foreclosure  needs on either the purchasing or selling side.

* Have been selling real estate since 2001 and have a very supportive partner and staff.

* Am with a company that has been around for over 30 years and has an impeccable reputation in the community.

* Have experience in the insurance side of real estate, as I was licensed for a period of time with State Farm.

* Have a B.S. degree in Business Administration from UW-Stevens Point.

* Enjoy what I do and feel that it comes across in my high level of service and communications with my clients.

*…

January sales stats for Sarasota real estate market

Shayla Twit

Wednesday, February 17th, 2010 at 11:17am. 141 Views, 0 Comments.

Highlights for Sarasota's January sales stats for the area real estate market:
 
* January sales were up 58% from this time in 2009.
* And at over 800 properties Pending, this figure is the highest since Oct 2009.  Pending sales means that they have a fully-executed contract and are awaiting a closing.
* When we compare Jan '09 sales to Jan '10, Sarasota saw an increase of 187 transactions; a strong start to the new year!!
* Median sales prices in the Sarasota market dipped in Jan for both single family homes as well as condos.
* Median RSF closed at $156,250 [down from $160k] and condos closed at $165k [down from $189,900].
* These prices are due to the high percentage of short-sales and bank-owned sales.
* The increase in distressed sales rose 48% from Dec '09.
*…

Foreclosure update

Shayla Twit

Thursday, February 11th, 2010 at 8:57am. 114 Views, 0 Comments.

Sarasota area Foreclosure update:
* Manatee County foreclosures skyrocketed 150% !!
* Looks like the prediction of a new wave of foreclosures is coming to fruition for our area.
* Prices have come down and sales have been consistently UP.
* Sarasota County saw a decrease in the number of foreclosure filings, down 33% !!
* Charlotte County, one of the highest rates for our area, saw a 44% increase from a year ago.
* The cause?  The unemployment rate; now in the double-digits.
* Some economists predict our market to stabilize by 2012.
* In looking at the nation as a whole, Nevada appears to remain the highest foreclosure rating for the 37th straight month... more than 4 times the national average.
* Florida and California have nearly the same per capita filing rate;…

First-Time Homebuyer's Tax Credit.... and Info to Sellers

Shayla Twit

Wednesday, February 3rd, 2010 at 1:20pm. 95 Views, 0 Comments.

1 - Here is what you need to know about the tax-credit for first time BUYERS:
* Of course you must be a first-time buyer.
* The Home Buyers' tax credit calls for the home to be under contract no later than April 30, 2010.
* The closing MUST occur by June 30, 2010.
* You will receive a tax credit in the amount of $8000 when you file your tax returns.
* Also... interest rates are predicted to rise after the Fed ends its purchase of mortgage-backed securities on March 31st.
* Here is a great website to assist in answering any other detailed questions: http://www.federalhousingtaxcredit.com
 
 
2 - SELLERS:
If you are thinking of selling your property in the Sarasota or Manatee County areas, I would love the opportunity to assist you.  Here are just a few of the…

Sarasota Real Estate Market Update

Tuesday, February 2nd, 2010 at 8:16am. 111 Views, 1 Comments.

Here are the inventory, sales and pending sales figures for the last 3 years for Sarasota county ending December 2009. Inventories have declined nicely. Compared to 3 years ago inventory levels are down 42%, sales are up 84%, and lending sales are up a whopping 121%. Sarasota houses are selling and the number of options for buyers are dwindling. 

If we can help you buy or sell a home in Sarasota give us a call at 941.812.6272.

Is The Sunshine State Back?

Thursday, January 28th, 2010 at 12:20pm. 256 Views, 1 Comments.

Here is an interesting article from themovechannel.com talking about the comeback of Florida.

South West Florida

This region of Florida enjoys relatively uncongested areas. It is sophisticated, less crowded than the east coast and there are some real bargains here.

Sarasota was recently highlighted on NBC as the number one place in the whole of the USA to buy a home. The city is known as ‘the Jewel of the West Coast of Florida' because of its fine restaurants, beaches, theatres, arts, shops and lifestyle. Having seen a down market for prices in 2007 and 2008, Sarasota is now in full recovery mode. Prices are at 2002/2003 levels and the market between buyers and sellers is rapidly moving into equal balance. For the year to July 2009,…