Sarasota Real Estate Market October 2011 Update

The Sarasota Association of Realtors just released property sales for October 2011. The Sarasota real estate market beat last October, with 577 sales this year compared to only 487 sales in October of last year. With the busy winter season approaching and an 18.4 percent increase in October, sales should continue to rise. If sales continue at a nice clip in 2011, they should exceed 2010 sales which “were at the highest level since 2005.”

 

Inventory of available properties for sale in Sarasota, was up a little bit in October to 4,525. Last October available inventory totaled 4,430 available properties for sale.

 

SAR President Michael Bruno noted "There is no doubt that agents are reporting a very active marketplace, with many showings, good foot traffic and high interest in Sarasota properties."

 

Sarasota remains a great place to live, work and play. We expect an outstanding winter season for the Sarasota real estate market. If you would like more information about Sarasota, FL, please contact the John Allen Team directly at 941-544-6467.

 

 

St. Armands Real Estate - Sarasota, Florida

Real estate on St. Armands Circle is “hot.” Buyers from Europe are entering the market and scooping up some great buys. What a great location! The beach is two or three minutes from your home. You can walk to the Circle for a cup of morning coffee, go back for a swim in your pool and wander to lunch at a quaint café. Take a nap on the beach and then a quick shower before cocktails and dinner in downtown Sarasota after you’ve been to the opera. Sounds like a fairytale: it’s all here in Sarasota, Florida!

Some great streets to scope on St. Armands are: McKinley, Polk, Adams and Morningside. The Sarasota MLS currently reports homes for sale in the St. Armands and Lido areas in the $500,000s on these streets. We searched over 25 homes today priced from $575,000 to $11,300,000.

*St Armands Homes for Sale

Lowest Priced Home: $575,000
Highest Priced Home: $11,300,000
Average List Price: $2,768,433
Median List Price: $2,275,000

Drive around the Circle, park at Lido Beach and call Annette Smith for your St. Armands real estate needs. We show homes and condos on St. Armands and Lido Key regularly and are ready to assist you in the purchase of your Sarasota real estate. Call Annette at 941-504-3922 for a prompt reply.

*Pulled from Sarasota MLS data in Lido C, Lido Beach and St. Armands Subdivisions. We search Sarasota Florida real estate daily.

Downtown Sarasota Condos Update

A customer from up North called yesterday about downtown Sarasota condos. He wanted me to send him the current MLS listings in Tessera, Beau Ciel, Plaza at Five Points, 1350 Main and Grande Riviera specifically. Since I pulled the information, I thought I would share it.

Downtown Sarasota Condos UPDATE

Tessera

Building Type: Highrise
Built in: 2000
Active: 4
Pending: None
*Sold: 1
Price Range: $1,180,000-$5,950,000
Pets Permitted: Yes

Beau Ciel

Building Type: Highrise
Built in: 2003
Active: 10
Pending: None
*Sold: 3
Price Range: $1,295,000-$8,500,000
Pets Permitted: Yes

Plaza at Five Points

Building Type: Highrise
Built in: 2005
Active: 5
Pending: None
Price Range: $749,000-$2,999,999
*Sold: 1
**Pets Permitted: Yes

1350 Main

Building Type: Highrise
Built in: 2007
Active: 19
Pending: 1
*Sold: 4
Price Ranges: $349,900-$1,695,000
**Pets Permitted: Yes

Grande Riviera:

Building Type: Highrise
Built in: 2005
Active: 2
Pending: None
*Sold: None
Price Range: $2,595,000-$3,950,000
**Pets Permitted: Yes

All of these downtown Sarasota condos buildings are located close to shopping, restaurants, galleries, downtown bayfront and the cultural venues of Sarasota Florida.

If you are searching for downtown or any other Sarasota Florida real estate, contact Annette Smith for photo galleries, listings, and virtual tours.

*Sold data is pulled MLS report of the last six months. Appraisers use comparables of properties sold in the last six months.
**Check with your Sarasota real estate agent regarding pet restrictions

Sarasota Florida Real Estate Searches

If you've been searching for Sarasota Florida real estate on our blogs and sites in the last few weeks, I'm sure you've noticed the process is different. Sarasota Realtors are now included in the Mid Florida Regional MLS and searching is very different. In the basic search area, you will see many more cities included for your Florida search.

If you are considering a move to Florida and need research on South West Florida cities, it's easier than ever to explore Florida online! Click on our video tour of Sarasota on our home page to see Sarasota photography.

We're always available to do searching for you should you get a little confused. There is also a map search link too. You might consider clicking the map search for Siesta Key. Add your price range and once your map loads click on a link to check a listing.

If you need would like an appointment to view property in Sarasota, please call us to be included in our showing schedules.

Sarasota Real Estate Time To Buy or Not

Timing the Real Estate Market

Just like the stock market, timing is everything, but sometimes you don't hit the bottom quite right and stocks go lower. Over time, the market recovers and stocks rebound. The real estate market will recover too. With the recent rate cuts by the FED, the timing looked very interesting for getting back into the real estate, however, many buyers chose to sit it out and wait for yet another FED cut. Interest rates are hard to time too. Read the entire article about timing the real estate market.

If you've been watching the Sarasota Florida real estate market and trying to make a decision, talk with a realtor about your options. If you've been watching a property, have your realtor present an offer. Sellers are dealing as well as builders. These prices won't last forever and the best properties are available now. Over time Sarasota properties will appreciate.

For information about the Sarasota, Florida area, Longboat Key real estate, or any of Sarasota's barrier island, send me an email.