Casey Key Real Estate Update

Casey Key Update Home Sales Last Six Months

Checking the Sarasota MLS stats and going back six months, MLS data shows Casey Key real estate sales: 5 single family homes, from a 1970s single family beachfront residence with over 4,000 sq., sold at $4,500,000 to another 1970s bayfront property which sold at $1,340,000 for 1690 sq.ft. Selling prices of the five homes were $4,500,000 (Gulf), $3,797,500 (Gulf to Bay), $3,097,500 (Gulf to Bay), $3,750,000 (Gulf), and $1,340,000(Bay). Our last report was in October 2007 showing a high sale of over $6 million. Check Casey Key home sales stats for previous six months in our archives. The highest sale is $4.5 million in this report. There are 2 pending sales at this time.

Active listings number 49 properties, up from 43 in our October report from the MLS real estate stats for Casey Key, FL. Prices range from the high $1 millions to $20 million. If you are looking for land to build a beach house or a mansion on the Gulf of Mexico, Annette Smith is experienced in waterfront real estate sales and is ready to assist you in the Casey Key real estate market. Email Annette for a list of luxury Sarasota properties available if Florida luxury real estate is your choice.

For photos, virtual tours and area information on Casey Key or other Sarasota barrier islands of Siesta Key, Longboat Key, and Sarasota Florida real estate, visit our main website. Our customers love our Sarasota MLS idx search capabilities.

Sarasota Real Estate Market

In a press release dated April 22, the Sarasota Board of Realtors stated

March sales in Sarasota top 500 for first time since July 2007

Pending sales highest in a year, indicating improving market for summer
 

Overall property sales in the local market for March 2008 topped 500 for the first time in eight months, according to statistics pulled from the Sarasota MLS system. There were 514 property sales reported in the Sarasota MLS, easily topping the February 2008 sales of 423.

There were 344 single family homes sold by SAR members in March 2008, along with 170 condominium units. This compares to 294 single family sales in February and 129 condominium sales, which means March saw an overall increase of 21.7 percent over February.

Single family homes saw a small decline in the median sale price, from $285,000 in February 2008 down to $266,750 in March 2008 - a 6.3 percent decline. But condominiums saw a small increase in the median sale price from $230,500 in February 2008 to $235,000 in March 2008.

"Once again, the local Sarasota market is proving its resilience, even as the state and national housing market statistics continue to show weakness," said Helen Sosso, 2008 SAR President. "It is remarkable how our local real estate practitioners are weathering this downturn, and proving once again the value of a professional Realtor® during difficult times. As we've been saying for more than a year, this is a prime buyer's market, with historically low interest rates, moderating prices, and an incredible, high quality inventory of homes on the market."

One of the continuing bright spots in the March 2008 report was the strength in pending sales, which stood at 674 - the highest level in the past year. In March 2007 pending sales were at 706. Pending sales have been edging upward since December 2007, when there were 374 pending sales.

Pending sales counts the number of signed contracts in a month, and is a leading indicator of sales activity. There is a direct correlation between pending sales and closed sales that are reported in the following month or two.

Inventory levels were lower in March 2008 at 10,025 single family homes, compared to 10,596 in March 2007, and down slightly from February 2008, when there were 10,035. Condominium levels also decreased from the March 2007 level of 6,180 to 5,702 in March 2008, but up slightly from the February 2008 level of 5,588.

The days on market, which translates to the average time it took to sell a property, was at 152 days for single family homes, slightly higher than the 144 days in March 2007, but lower than the 160 days in February 2008. Average days on the market for condos was 181, a healthy drop from the 199 days reported in March 2007, and much lower than the 219 days in February 2008. The days on market reflects a quicker pace of sales, meaning the size of the current inventory should begin to decline going forward.

The local Sarasota-Bradenton MSA continued to fare better than the overall state. The MSA was down by 15 percent for single family home sales and 17 percent for condominiums, comparing March 2008 to March 2007. For the overall state, single family homes declined 26 percent comparing March 2008 to March 2007, and condominium sales were down 24 percent month to month.

In fact, the smaller Sarasota-Bradenton market again sold more overall properties than the Miami market. There were 1,022 overall sales reported for the local MSA, compared to only 609 in Miami.

2008 Juke Joint Festival

Clarksdale MS Welcomed the Blues World!

Inspired by the book by Sharony Green, my Mississippi childhood friends and I dubbed ourselves, MS Maes, as we attended the 2008 Juke Joint Festival as Francine & Bill Luckett's guests in Clarksdale, MS. Francine and Bill gave us the royal treatment due dignitaries. We were wined and dined and saw a record night for blues customers at Bill and Morgan Freeman's Ground Zero Blues Club.


The Maes listened to world-class blues at Ground Zero on Friday and Saturday nights enjoying the company of blues fans from all over the world. I even did some Sarasota real estate networking. A Hendersonville North Carolina realtor with his wife and an Atlanta Georgia couple sat with us and Greg Lemke of Beverly-Hanks & Associates agreed to keep in touch. Sarasota and Hendersonville are both real estate hot spots. Read more on MS Maes.

Sarasota Waterfront Homes

Sarasota Waterfront Real Estate

SW Florida Luxury Homes and Estates

Tropical Sarasota is a hot destination for waterfront real estate along South West Florida's Gulf Coast. Whether it's a luxury ocean front property or a bay front property, Sarasota's coastline is tops!

Sarasota FL - approximately 70 minutes from Tampa International Airport
Enjoy a waterfront lifestyle in one of multiple Sarasota coastal neighborhoods! If you are a boater, Bird Key could be your choice for waterfront real estate in Sarasota Florida.

The Sarasota MLS currently lists Sarasota waterfront real estate for sale in neighborhoods such as Harbor Acres, the Sanderling Club and Country Club Shores on Longboat Key. Prices for waterfront homes in Sarasota vary depending on many factors including location, views and depth of water and of course, in the buyer's market, the seller's motivation.

Beautiful downtown Sarasota showcases tree-lined streets where residents are part of an enthusiasm for shopping, dining, cultural attractions. Sarasota’s small town feel is charming and our city is home to culture of opera, ballet and museums. The barrier island beaches are a short drive away from most neighborhoods.

Where can find waterfront real estate in Sarasota FL?

Sanderling Club, Siesta Key Country Club Shores, Longboat Key
Bay Isles, Longboat Key Harbor Acres, Mainland Sarasota

There are hundreds of listings in the Sarasota MLS for waterfront properties on the barrier islands of Siesta Key, Bird Key, Longboat Key, Casey Key and Manasota Key. Let us be your guide.

Happenings in Sarasota

An active waterfront marina awaits you on the Sarasota Bayfront. Dock a boat or take a walk, visit the sculpture or other exhibits along the Trail. Watch the children splash in the fountain by the sea or take in the Dolphin Fountain. Stop at Starbuck's for morning coffee and enjoy Sarasota's vibrant downtown area. Take in a play at one of Sarasota's theaters or visit the Burn's Court Cinema. This year Sarasota celebrated 10 years of its film festival. Celebrities wined and dined in our city and many shopped for waterfront real estate in Sarasota.

The Towels Court area offers an array of art as many artist paint in their galleries in this charming neighborhood. Neighborhood restaurants dot the tree-lined streets.
For photos, virtual tours and area information on downtown Sarasota real estate or its barrier island real estate of Longboat Key, Lido Key, and Siesta Key, visit our websites.

Annette Smith offers the highest of Internet exposure for selling your Sarasota waterfront real estate providing our customers with multiple websites and blogs on Sarasota and Longboat Key real estate as well as all of Sarasota's barrier islands. Email Annette with your questions or call at 941-504-3922 for a buying or listing appointment.

Buy a Sarasota Home?

Is Now the Time to Buy a Sarasota Home?

The national news focuses on real estate daily and you see suggestions, marketing tips, buying a home in a down market, information is on overload -- so do you buy a Sarasota home now? Only you can decide what is best for you. History proves real estate is a long term investment, live in your Sarasota investment!

If you are leaning toward a purchase of Sarasota property or if you know you want to buy a Sarasota home, read details about these 5 helpful tips for buying in a down real estate market:

1. Accounting for Extraneous Expenses
2. Acknowledging Special Assessments
3. Finding a Manageable Mortgage
4. Determining How Much Home to Buy
5. Budge for Your New Home
 

Sarasota Golf Course Homes - Venetian Golf & River Club

Sarasota Golf Course Homes

Venetian Golf & River Club is such a wow Sarasota golf course community!

If you are looking for a Sarasota golf course home, The Venetian Golf & River Club offers its residents a championship golf course, one main and two additional dining rooms, lounge, cabana bar without outdoor grill, day spa, aerobics, fitness center, tennis courts, pro shop, two resort swimming pools, nature park and canoe launch. The new Golf Club is now open.

Annette Smith is experienced in Sarasota country club real estate sales and are ready to assist you in finding the perfect golf course home. Email Annette for a list of luxury Sarasota real estate available if Florida is your choice.