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Sarasota Real Estate and Community News Blog 
HOUSING MARKET INDEX SHOWS SIGN OF HEALTH!
Wednesday, April 28th, 2010 at 3:54pm. 71 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, a key measure of the health of the nation's residential real estate market turned positive in February for the first time since December 2006.
The median price in the Sarasota real estate market was up 9 percent to $163,400 from a year ago and climbed 6 percent from February, according to statistics released by Florida Realtors, the former Florida Association of Realtors.
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.
HOME SALES IN THE SARASOTA REAL ESTATE MARKET ARE UP!
Friday, April 23rd, 2010 at 1:18pm. 68 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, sharp increases in both home sales and prices during March 2010 have left Southwest Florida real estate agents and other market watchers more optimistic than they have been in months. Though they realize the prices may bounce up and down in the near future because of increasing supplies of foreclosures, there is a general feeling that the region is through the worst of what the Great Recession had to offer.
In the Sarasota real estate market, sales rose 38 percent to 1,055 in March from a year ago. The median price rose 9 percent to $163,400 from a year ago and climbed 6 percent from February, according to statistics released Thursday by Florida Realtors, the former Florida Association of…
5 MYTHS ABOUT YOUR TAXES!
Wednesday, April 14th, 2010 at 11:28am. 81 Views, 0 Comments.
According to an article in the Washington Post, here are 5 myths about your federal income taxes:
1. The poorest and the richest Americans pay no taxes.
About 45 percent of households will owe no federal income tax in 2010, according to estimates. Half of them earn too little, while the other half -- mostly middle- and lower-income households -- will take advantage of tax credits such as the earned income credit, the child and child-care credits, the American Opportunity and Lifetime Learning credits, which help pay for college, and the saver's credit, which subsidizes retirement saving.
The richest Americans pay taxes, too. Though a tiny minority manage to avoid federal income tax through elaborate tax planning, 99.7% of those with annual incomes above…
SALES IN SARASOTA REAL ESTATE MARKET SKYROCKET IN MARCH 2010!
Wednesday, April 14th, 2010 at 11:27am. 95 Views, 0 Comments.
According to the Sarasota Association of Realtors, overall property sales reached 753 in the Sarasota real estate market in March 2010, the highest total since December 2005 and more than 56 percent higher than March 2009. Pending sales were also robust, standing at 1,060 - the highest total in the past four years. But perhaps the most telling statistic was that the median sale price for both single family homes and condos rose in March from the previous month, and prices were much higher than in March 2009.
Members of the Sarasota Association of Realtors® sold 555 single family homes and 194 condos in March 2010, a huge jump over March 2009, which saw only 353 single family homes and 128 condos sold. Pending sales, at 1,060, were about 30 percent higher…
REAL ESTATE SHORT SALES MAY BE ACCELERATED BY NEW FEDERAL PROGRAM!
Wednesday, April 7th, 2010 at 2:59pm. 86 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, the government launched a new effort on Monday to speed up the time-consuming, often-frustrating process of someone selling their home if they owe more than it is worth. The Obama administration will give $3,000 for moving expenses to homeowners who complete such a sale -- known as a short sale -- or agree to turn over the deed of the property to the lender. It is designed for homeowners who are in financial trouble but who do not qualify for the administration's $75 billion mortgage modification program.
Owners will still lose their homes, but a short sale or deed in lieu of foreclosure does not hurt a borrower's credit score for as much time as a foreclosure. For lenders, a home usually fetches…
PENDING HOME SALE NUMBERS ROSE SHARPLY IN FEBRUARY!
Wednesday, April 7th, 2010 at 2:57pm. 111 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, the housing market is coming back from the winter doldrums. The number of buyers who agreed to purchase previously occupied homes rose sharply in February 2010, far exceeding expectations.
That is a sign that a second round of government incentives is pushing buyers to make offers before a deadline at the end of April. Buyers also may be motivated by worries that mortgage rates will climb later this year.
Pending home sales also have been showing gains in Southwest Florida. In the territory covered by the Sarasota Association of Realtors, for example, there were 967 pending sales during February 2010, up about 19 percent from January's 815 and more than 23 percent higher than the 782 reported in…
HAVE HOME PRICES REACHED BOTTOM IN SARASOTA REAL ESTATE?
Wednesday, April 7th, 2010 at 2:55pm. 76 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, the great home price decline that began on the Gulf Coast more than four years ago finally shows signs of ending.
In the Sarasota real estate and Bradenton markets, the median price for single-family homes hit a low of $144,000 in February 2009. Since then, it has bounced around, creeping as high as $167,400. Some skeptics warn that more bad news lurks, thanks to an expected flood of foreclosures and a paucity of bank lending. But a growing number of market watchers see signs the price decline has ended.
- The number of for-sale properties continues to push toward a more healthy level. In the Sarasota real estate market, there was a 10.6-month inventory last month -- the amount of time it would…
SARASOTA REAL ESTATE – HOUSING SALES UP!
Wednesday, March 24th, 2010 at 11:27am. 81 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, homes sales in the Sarasota Real Estate market bucked a third straight month of decline nationwide.
Sales of existing homes in the Sarasota real estate market rose 48 percent from a year ago. The median price in Sarasota-Bradenton was up 7 percent at $154,500 from a year ago, but down 1.4 percent from January. Prices had dropped 6.4 percent from December to January. Data shows that during February buyers paid 93 percent of the listing price.
Multiple Listing Service data show that eight homes in Manatee and Sarasota real estate market sold for more than $1 million in February 2009 vs. February 2010, 24 homes above the $1 million mark sold in the same area.
Don’t forget to contact Re/Max Platinum…
SARASOTA ONLINE JOB ADS INCREASE!
Wednesday, March 24th, 2010 at 11:25am. 62 Views, 0 Comments.
According to an article in the Sarasota Herald Tribune, the number of online advertisements nationwide for positions dropped by nearly 67,000 to nearly 4 million from January to February.
However, in Sarasota County, there were 6,389 positions advertised during February, up 15 percent from January. Moreover, the most recent number was up 76 percent from February 2009.
In Sarasota County, the biggest gain on a percentage basis was a 943 percent increase in demand for waiters and waitresses. There also was a 640 percent increase in online calls for property, real estate and community association managers and a 443 percent increase for hairdressers, hairstylists and cosmetologists.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your…
FORECLOSURE AND SHORT SALES SERVICE FOR SARASOTA REAL ESTATE!
Wednesday, March 17th, 2010 at 9:50am. 158 Views, 0 Comments.
This is an incredible new service for buyers and sellers of short and foreclosed real estate in the Sarasota real estate market that is being introduced by Bryan Guentner, CEO of Re/Max Platinum Realty. It is aimed at individual investors as well as banks and real estate agents, the service provides weekly reports on Sarasota County area sales and listings.
The service is free at buysarasotaforeclosures.com. The service allows prospective buyers and investors to obtain current information about foreclosed and short sale properties as they become listed. Also available are market trends and projections to be taken into consideration by potential investors.
Go to http://www.buysarasotaforeclosures.com/
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