Sarasota FL real estate listings and homes for sale, home buying, home selling information – My Realty Company/Kathy Hurd

NEWSarasota

November 11th, 2011 2:23 PM

Planning to buy a home in Sarasota? I can help: here are some tables showing prices of homes and condos in/around Sarasota


LONGBOAT KEY

SIESTA KEY

BIRD KEY

LIDO KEY

CASEY KEY

CONDO
$295K-$5,000,000

$170K-$2,500,000
        0
$299K-$5,250,000
         0

HOUSES
$270K-$11,500,000

$229K-$1,250,000

$569K-$5,894,000

$450K-$8,900,000

$699K-$19,000,000

INCOME(CONDO-HOTEL)

$225K-$995K

$170K-$1,250,000
         0
$140K-$300K
         0

DOWNTOWN SRQ

GOLDEN GATE PT
WEST/TRAIL
LAKEWOOD RANCH

PALMER RANCH

CONDOS
$105K-$6,995,000

$139K-$5,999,000

$65K-$450K

$65K-$529K

HOUSES
$279K-$3,790,000
     0
$152K-$6,900,000

$149K-$2,400,000

$214K-$1,050,000



Data was entered on 11/11/11 and is subject to change as homes sell and markets fluctuate.

Questions? Email me: houseforyou@msn.com

Winning: Two national studies – one from Realtor.com and one from Trulia – suggest that some Florida markets are poised for a real estate rebound.

Realtor.com's "Top Ten Turnaround Towns" list, released on 11/16/2011 placed Sarasota/Bradenton at No. 6 among Florida cities considered good bets for an upswing in sales. Realtor.com says it created a formula to rank a city’s turnaround potential based on recent price appreciation, changes in inventory, median age of inventory, number of Realtor.com searches by visitors and area unemployment.

Realtor.com attributes the Florida cities’ success to year-over-year home price increases, reductions in inventory, lower unemployment rates and, in some cases, an upswing in international buyers.

Trulia.com's "Metro Movers Index" Trulia has debuted a new report that analyzed its home searches.

In one study, Trulia looked at the number of people who searched for housing in a city – including renters – and compared it to the number of city residents looking elsewhere for a home. An area with a high number of inbound searches and a low number of outbound searches, Trulia reasons, suggests an increased demand for housing.

According to the study, the North Port-Bradenton-Sarasota area had six times more searches by inbound people than outbound people, landing it in the list’s No. 1 position, but four other Florida cities also made the top 10 list:

1. North Port-Bradenton-Sarasota
2. Riverside-San Bernardino-Ontario, CA
3. Charleston-North Charleston-Summerville, SC
4. Fort Lauderdale-Pompano Beach-Deerfield Beach
5. Cape Coral-Fort Myers
6. West Palm Beach-Boca Raton-Boynton Beach
7. Fort Worth-Arlington, TX
8. Oxnard-Thousand Oaks-Ventura, CA
9. Las Vegas-Paradise, NV
10. Orlando-Kissimmee-Sanford

The two lists were affirmations of what many in the region's real estate industry already knew: the Southwest Florida real estate market is showing a dearth of home inventory harkening back to the boom, that prices have been stable for nearly all of 2011, that hungry investors from both the United States and abroad continue to actively scour the region for bargains

Looking Good: Existing-home sales are forecast to edge up about 1 percent this year, and then rise another 4 to 5 percent in 2012. Based on NAR’s current projection model, existing-home sales would total 4.96 million in 2011.

Lawrence Yun, chief economist of the National Association of Realtors (NAR), said home sales should be stronger in 2012: “Tight mortgage credit conditions have been holding back homebuyers all year, and consumer confidence has been shaky recently. Nonetheless, there is a sizeable pent-up demand that can’t continue indefinitely. This demand could quickly stimulate the market when conditions improve.”

“Housing affordability conditions, based on the relationship between median home prices, mortgage interest rates, and median family income, have been at a record high this year,” Yun said. “Very favorable affordability conditions will dominate next year as well, which will probably be the second best year on record dating back to 1970. Our hope is that credit restrictions will ease and allow more homebuyers to take advantage of current opportunities.”

Florida Documentary Tax Stamp: Florida Realtors are pushing for change: they want the Documentary Tax Stamp money used for housing insteadof being added to Florida's general fund.

Sales Continue to Grow in Florida: Real estate is healthier than it's been in 5 years:

house sales in the 3rd quarter are up 12% from one year ago
condo sales are up 13%
“The quarterly numbers confirm the general improvement in Florida’s housing market in both sales and prices that we’ve been seeing since January 2011,” said Florida Realtors Chief Economist Dr. John Tuccillo. “ the reality is that the Florida market is improving and it has been for some time – it’s just improving more slowly than initial expectations.”
Mortgage rates continued to hover around historical lows in the third quarter. According to Freddie Mac, the national commitment rate for a 30-year conventional fixed-rate mortgage averaged 4.31 percent in 3Q 2011; one year earlier, it averaged 4.45 percent

Are You here or Planning to be Here Soon? Check out this web site for the goings-on in/around Sarasota: Just Click: Sarasota Events

Falling in Love Again?

Have you fallen in love with Sarasota? Looking for a home away from home, or perhaps an investment here? Consider:

It's still a buyers market, with home prices at the levels last seen 10 years ago
Interest rates are at/near all-time lows: the current 30 yr fixed rate is 4%! (as of 11/18/11)
Sarasota's real estate market is warm and getting hotter as we approach season. The sales market is promising to be the strongest market in 6 years . . . if you want to buy a home in Sarasota, it's time to buy now, at todays amazing prices

Posted by Kathy Hurd on November 11th, 2011 2:23 PMPost a Comment (0)

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