Serving Sarasota County's real estate needs, including Siesta Key, Longboat key, lido, Casey Key, Bradenton Beach, Anna Maria Island, Downtown Sarasota, Hillview, Arlington Park, Gillespie Park, Lakewood Ranch, Gulf Gate and surrounding areas.
Are you looking for some professional, aggressive agents who are prepared to sell your properties, manage your properties or find your dream home. Then you've come to the right place!
Zillow picks apart the Sarasota-Manatee market
By Harold Bubil, Herald-Tribune
/ Saturday, June 8, 2013
Fifty million people are using Zillow to search for real estate information. The technology company has a lot of geeks who write computer code to make its website and mobile app more useful for consumers.
But Zillow does more than that. It studies the market like a swarm of bookworms, and not just the biggest markets. Every market.
At the National Association of Real Estate Editors' annual conference here, Zillow released "market snapshots" of the top 30 markets — New York, Houston, Atlanta ... the usual suspects. I mentioned to Alison Paoli of Zillow that it would be nice to have a snapshot of the smallish Sarasota market, and guess what she did? She called her geek friends and they set to writing code just for us. The next day, Alison handed me the info.
Here's the scoop:
-The Zillow Home Value Index (ZHVI) for April in the Sarasota market is $163,100, compared with $158,300 for the nation as a whole.
-Sarasota's ZHVI is up 11.9 percent year over year; the nation is up 5.2 percent year over year.
-Exactly one third of homes in the Sarasota market (Palmetto to North Port) are in negative equity, or underwater. Nationally, the number is 27.5 percent.
-The ZHVI is projected to go up 4 percent nationally in the next year, but only 2.2 percent in the Sarasota metro area.
-Annual increases by city in the past year: Bradenton, 9.3 percent; Venice, 7.5 percent; North Port, 15 percent; Sarasota, 16.4 percent; Palmetto, 10.6 percent.
-Marketwide, 86.4 percent of homes are increasing in value, and 10 percent are decreasing, according to Zillow.
-The ZHVI peaked in January 2006, at $311,300. The value is down 47.6 percent from the peak, and that is an improvement, believe it or not.
-The median sale price was $176,360 in April in our market, an annual change of 17.7 percent. The average sale price per square foot was $112.
-Homes sold at 95 percent of list price.
-Homes are listed at a median of $239,000, or $132 a square foot.
-About 32 percent of listings have had a price cut since going onto the market. The median price cut is 6 percent.
For complete article, CLICK HERE <----------------------
By Harold Bubil, Herald-Tribune
/ Saturday, June 8, 2013
Fifty million people are using Zillow to search for real estate information. The technology company has a lot of geeks who write computer code to make its website and mobile app more useful for consumers.
But Zillow does more than that. It studies the market like a swarm of bookworms, and not just the biggest markets. Every market.
At the National Association of Real Estate Editors' annual conference here, Zillow released "market snapshots" of the top 30 markets — New York, Houston, Atlanta ... the usual suspects. I mentioned to Alison Paoli of Zillow that it would be nice to have a snapshot of the smallish Sarasota market, and guess what she did? She called her geek friends and they set to writing code just for us. The next day, Alison handed me the info.
Here's the scoop:
-The Zillow Home Value Index (ZHVI) for April in the Sarasota market is $163,100, compared with $158,300 for the nation as a whole.
-Sarasota's ZHVI is up 11.9 percent year over year; the nation is up 5.2 percent year over year.
-Exactly one third of homes in the Sarasota market (Palmetto to North Port) are in negative equity, or underwater. Nationally, the number is 27.5 percent.
-The ZHVI is projected to go up 4 percent nationally in the next year, but only 2.2 percent in the Sarasota metro area.
-Annual increases by city in the past year: Bradenton, 9.3 percent; Venice, 7.5 percent; North Port, 15 percent; Sarasota, 16.4 percent; Palmetto, 10.6 percent.
-Marketwide, 86.4 percent of homes are increasing in value, and 10 percent are decreasing, according to Zillow.
-The ZHVI peaked in January 2006, at $311,300. The value is down 47.6 percent from the peak, and that is an improvement, believe it or not.
-The median sale price was $176,360 in April in our market, an annual change of 17.7 percent. The average sale price per square foot was $112.
-Homes sold at 95 percent of list price.
-Homes are listed at a median of $239,000, or $132 a square foot.
-About 32 percent of listings have had a price cut since going onto the market. The median price cut is 6 percent.
For complete article, CLICK HERE <----------------------
Survey shows market favors sellers
By Josh Salman, Herald-Tribune
Home sellers across Southwest Florida are sitting on the sideline because they either still haven’t gained enough equity to break even on a boom-time purchase or they’re simply in no hurry and believe prices will continue to go higher.
But one of the nation’s largest real estate franchisors says now is the time for homeowners to make their move.
The lack of new listings to enter the market during the past year, coupled with strong buyer demand, has shrunk the inventory of homes for sale in Sarasota down to just 3.2 months’ worth – a figure that historically favors a seller’s market.
A new survey by Century 21 affirms the notion that sellers now have the clear advantage.
The Spring Home Selling Survey found sellers are now finding themselves in positions where they are getting multiple offers, giving them the opportunity to pursue only the best bids.
In fact, 42 percent of those searching for homes have made an offer in the past six months, yet only 11 percent have had their offers accepted, according to the survey.
Also, 85 percent of home searchers are willing to go above and beyond to force the deal through, another 85 percent of buyers are willing to compromise on amenities or features, and 88 percent are willing to compromise on location-related attributes.
All of that makes for a strong seller's market, the survey suggests.
By Josh Salman, Herald-Tribune
Home sellers across Southwest Florida are sitting on the sideline because they either still haven’t gained enough equity to break even on a boom-time purchase or they’re simply in no hurry and believe prices will continue to go higher.
But one of the nation’s largest real estate franchisors says now is the time for homeowners to make their move.
The lack of new listings to enter the market during the past year, coupled with strong buyer demand, has shrunk the inventory of homes for sale in Sarasota down to just 3.2 months’ worth – a figure that historically favors a seller’s market.
A new survey by Century 21 affirms the notion that sellers now have the clear advantage.
The Spring Home Selling Survey found sellers are now finding themselves in positions where they are getting multiple offers, giving them the opportunity to pursue only the best bids.
In fact, 42 percent of those searching for homes have made an offer in the past six months, yet only 11 percent have had their offers accepted, according to the survey.
Also, 85 percent of home searchers are willing to go above and beyond to force the deal through, another 85 percent of buyers are willing to compromise on amenities or features, and 88 percent are willing to compromise on location-related attributes.
All of that makes for a strong seller's market, the survey suggests.
AVAILABLE PROPERTIES
Our inventory is completely sold out and leased up as of 5/30/2013. We need more listings.
LEASED & SOLD PROPERTIES
SOLD** 3-Unit Income Producing Property Available via Short Sale
$95,000
Listed with PAPPAS REALTY & MANAGEMENT CO
Inquire to [email protected] for details
Sean Dreznin facilitated the sale.
1937 10th St, Sarasota, FL 34236 (MLS # U7567151)
$95,000
BEDS 5 -- BATHS 5 full baths
HOME SIZE -- 2,236 sq ft
LOT SIZE -- 6,150sqft
Inquire to [email protected] for details
Sean Dreznin facilitated the sale.
1937 10th St, Sarasota, FL 34236 (MLS # U7567151)
$95,000
BEDS 5 -- BATHS 5 full baths
HOME SIZE -- 2,236 sq ft
LOT SIZE -- 6,150sqft
LEASED ** 3317 Sheffield Cir, Sarasota, FL ** A lovely 2 Bdrm/ 2 Bath home
** Quaint, Private backyard, ceramic tile throughout house, appliances in place, approx. 1,258 Square Feet.
REDUCED ** REDUCED!!! Rent is now $1,250
Sec Dep & first Months rent due at lease signing.
Pet friendly (deposit required)
If interested, please contact PAPPAS REALTY & MANAGEMENT CO at 727-447-6852
REDUCED ** REDUCED!!! Rent is now $1,250
Sec Dep & first Months rent due at lease signing.
Pet friendly (deposit required)
If interested, please contact PAPPAS REALTY & MANAGEMENT CO at 727-447-6852
LEASED ** 5001 Terrace Palms Cir #202, Tampa, FL 33617 ** Across the street from the University of South Florida. -- Asking $850 which includes Water and Community amenities (i.e.- Pool, Game room, assigned parking)
Two Bedroom / Two Bathroom ** Unit overlooks grassy area versus another building or parking.
Updated flooring and other improvements.
Bus line is nearby, you can walk or bike to USF as you are right across the street.
Contact Sean at [email protected] to inquire about the rental.
Updated flooring and other improvements.
Bus line is nearby, you can walk or bike to USF as you are right across the street.
Contact Sean at [email protected] to inquire about the rental.
2126 Datura St, Sarasota, Fl -- (3 bedroom / 2 bath) -- Currently Leased and Managed by Suncoast Property Management & Leasing.
UPDATE; SOLD & Leased *** 3 Bedrooms / 2 full Bathrooms w/ 2 car garage on culdesac. Family living with privacy and open home setting. Well maintained HVAC, roof, appliances, etc. This gem is priced to rent at $1,500/mo which includes landscaping, pest control and insurance (excludes renter's).
Some of our most recent Leases and Managed Properties
4-Unit Apartment Building Managed by Suncoast Property Management & Leasing.