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Sarasota Real Estate and Community News Blog 
SARASOTA CONDO SALES CONTINUE TO SOAR IN JUNE!
Wednesday, July 28th, 2010 at 1:23pm. 13 Views, 0 Comments.
Condominium sales soared in the Sarasota real estate market during June when compared with those of a year ago. Last month 326 condo units changed hands in the Sarasota real estate market, up 53 percent from a year ago, but down from 384 in May and 406 in April. The June sales represented the fourth highest percentage increase in the state.
Prices in the Sarasota real estate market dropped 9 percent to $133,000 from $145,800 a year ago. This is also 13% from May.
This information is from the Sarasota Herald Tribune.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real estate.
U.S. HOME PRICES SHOWED IMPROVEMENT IN MAY
Wednesday, July 28th, 2010 at 11:04am. 6 Views, 0 Comments.
Home prices rose in May for the second straight month as federal tax incentives pulled more buyers into the market. The Standard & Poor's/Case-Shiller 20-city home price index released Tuesday posted a 1.3 percent increase in May from April.
Nineteen of 20 cities showed price gains month over month. Minneapolis and Atlanta led the way with 2.8 percent and 2 percent increases, respectively. San Diego posted its 13th straight monthly gain.
Only Las Vegas recorded a price decline. That metro area hit a record low in May. Home prices there have lost 56.4 percent of their value since peaking in August 2006. While Detroit recorded a 0.7 percent increase from April, the average home price there is about the same as it was in 1994.
The Sarasota real estate…
STRONG SHOWING FOR JUNE IN THE SARASOTA REAL ESTATE MARKET!
Wednesday, July 28th, 2010 at 11:03am. 8 Views, 0 Comments.
Home sales in Southwest Florida soared during June, rising 35 percent in the Sarasota real estate market. June was the fourth straight month that sales topped the 1,000 mark in the Sarasota real estate market, a level that harkens back to the pace of summer 2005, when the real estate boom was still in swing.
The median sales price of $170,400 in the Sarasota real estate market was a 5 percent increase from a ago and up 2.4 percent from May, according to data released Thursday by Florida Realtors, the former Florida Association of Realtors.
The region's strong showing -- and a 17 percent spike in sales statewide -- was somewhat overshadowed by a 5.1 percent decline nationally, evidence that the broader housing market is struggling and may drag on the…
NEW HINTS OF RELIEF FOR HOUSING IN SARASOTA REAL ESTATE
Wednesday, July 28th, 2010 at 11:01am. 5 Views, 0 Comments.
Southwest Florida entered 2010 with dire predictions from a bevy of experts that a housing market showing signs of sales and price stability would be overwhelmed by summer with a wave of new foreclosures driven by the region's stubbornly high unemployment rate. But so far, that has not been the case. In fact, the most recent foreclosure data would seem to suggest that Manatee, Sarasota and Charlotte counties may have dodged the bullet.
The great unknown is just how many loans on properties will ultimately fall into the distressed category. Foreclosure filings in June hovered around their lowest point since summer 2009, according to data released Wednesday by RealtyTrac Inc., a California company that has been tracking the phenomenon.
Realtors will…
SARASOTA COMMERCIAL REAL ESTATE DEFIES NATIONAL DECLINE!
Wednesday, July 14th, 2010 at 2:40pm. 30 Views, 0 Comments.
Despite a nationwide decline in rents and an increase in empty office and retail space, landlords in Sarasota, Miami and Pensacola reported collecting more rents on commercial property during the first four months of the year than they had during the same period in 2009, data from the Florida Department of Revenue shows.
In March, Sarasota County landlords took in $55 million, their best single month since May 2005 and 14 percent more than March 2009 revenues. While January, February and April were still down from last year, March was so strong that revenues were up 1 percent for the four-month period, compared with the same period last year.
That is a big improvement from 2009, when landlord revenues were down 8 percent in Sarasota County.
This…
NO LIMIT POKER NOW AVAILABLE IN SARASOTA!
Wednesday, July 14th, 2010 at 2:39pm. 32 Views, 0 Comments.
A new state law allows no-limit poker betting at 23 casinos and pari-mutuels parlors in Florida, including One-Eyed Jacks Poker Room at the Sarasota Kennel Club. According to the website CardPlayer.com, the new law "is expected to propel Florida into one of the premiere poker destinations in the country." "Florida becomes another Atlantic City, Tunica or Vegas," Russ Christianson, the vice president of gaming operations at the Seminole Hard Rock Hotel & Casino, told the website.
That is quite a progression since 1997, when Florida first legalized poker, but limited pots to $10 -- total. The new law is part of a compact reached with the Seminole Indians and is expected to pay the state $150 million annually over the next decade.
The new law affects…
OSCAR SCHERER STATE PARK NAMED AS ONE OF THE BEST!
Wednesday, July 7th, 2010 at 1:53pm. 41 Views, 0 Comments.
ReserveAmerica, one of the largest providers of campground reservation services, honored Florida State Parks in 17 categories for outdoor recreation, including 15 parks named to the Top 100 Family Campgrounds. Florida's state parks were also honored in multiple other categories including canoeing, biking and hiking.
"The Florida Park Service is honored to be recognized in a total of 17 categories on America's Top 100 Campgrounds list," said Florida Park Service Director Mike Bullock. "Providing clean, affordable and enjoyable places for Florida residents and visitors to recreate while continuing to restore our natural and cultural resources is our mission."
Select Florida State Parks were recognized in the categories below.
Top 100 Family…
HOUSE VOTES TO EXTEND HOMEBUYER TAX CREDIT!
Wednesday, June 30th, 2010 at 12:16pm. 36 Views, 0 Comments.
Homebuyers would get an extra three months to complete their purchases and qualify for a generous tax credit under a bill overwhelmingly passed by the House on June 29th. Under current law, homebuyers who signed purchase agreements by April 30 have until Wednesday to close on the sale to qualify for tax credits of up to $8,000. The bill would give buyers until Sept. 30 to complete their purchases.
The extended deadline only applies to people who signed purchase agreements by April 30. The National Association of Realtors estimates that about 180,000 homebuyers who already signed purchase agreements are likely to miss the Wednesday deadline.The bill passed 409-5. It now goes to the Senate, where Senate Majority Leader Harry Reid, D-Nev., has sponsored…
CONDO SALES SOAR DURING MAY IN SARASOTA!
Wednesday, June 30th, 2010 at 12:15pm. 34 Views, 0 Comments.
Condominium sales soared during May in the Sarasota real estate market, rising 71 percent when compared with the same month a year ago and staying at par with levels the previous month.
The sales increase was the biggest on a percentage basis for Florida's largest markets except for Orlando, which posted a 73 percent rise in condominium sales, according to an analysis of data provided by Florida Realtors, the former Florida Association of Realtors.
There were 384 units that changed hands last month in the Sarasota real estate market. That compared with 225 a year ago and 406 in April.
The median sales price rose 3 percent to $152,800 from $148,500 a year ago. But the May median was down slightly from $154,100 in April.
This information is from the…
SARASOTA FLORIDA IS THE BEST BUY IN THE WESTERN WORLD!
Wednesday, June 30th, 2010 at 12:14pm. 41 Views, 0 Comments.
Reports show that Sarasota real estate is the best buy in the Western World!
The report, published in http://www.globaledge.co.uk/ ranks popular resort and second home locations around the world that reveals the cheapest western holiday home destination is Sarasota, Florida, which is little surprise given how much the market has fallen over the past two years and the number of agents currently selling distressed property to foreigners in the sunshine state.
Among the surprises: Apartments in Warsaw, Poland are selling for higher prices than Dubai.
Manhattan and Paris are running neck in neck, but Moscow makes them both look cheap. Little wonder that the Russians are on an international buying spree, with Hong Kong residents close behind them. With…
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