Downtown Sarasota, Florida 
Frequent updates of news and events related to downtown Sarasota, Florida
There are currently 49 blog entries related to this category.
Just Sold - Condo on the Bay (888)
Thursday, March 4th, 2010 at 7:17am. 412 Views, 1 Comments.
Unit 1010 at 888 Blvd. of the Arts recently closed for $367,000. The list price was $389,000 and was originally listed for $460,000. This lovely unit was located on the 10th floor overlooking the gorgeous waters of Sarasota bay, Bird Key, Lido Key and Longboat Key. This condo has 2 bedrooms, 2 bathrooms and 1,555 square feet.
888 Blvd. of the Arts Unit 1010
Fabulous bay view and direct bayfront location. This Renior model boasts an expansive bayfront backdrop with a beautiful new kitchen and baths, including granite countertops and stainless appliances, abundant closet and storage space, beautiful new tile floors, neutral decor and screened-in balcony. Complex amenities include on-duty concierge, 24 hr. guard gate, resort style pool, fitness center,…
5 Vacation Spots in Florida
Monday, February 22nd, 2010 at 9:43am. 226 Views, 1 Comments.
Florida has always been considered a premier destination for a memorable vacation. Fishing is tremendous on both sides of the state with the Gulf of Mexico to the west and the Atlantic to the east and multiple lakes and streams inland. Some come for the amusement parks or stick around for the premier sports events that canvas the near tropical state. Others simply want a time to decompress from the pace of the everyday.
Whatever your interests you might just find what your looking for – in Florida.
Orlando
Known for its expansive amusement parks this city is a haven for more than fifty million tourists each year. Parks such as Disney World, Universal Studios and Sea World often overshadow other well-respected attractions such as Islands of Adventures,…
CNBC names Sarasota, Florida one of the top places to retire
Wednesday, February 10th, 2010 at 6:56pm. 436 Views, 0 Comments.
Check out this list of top places to retire by CNBC. Sarasota, Florida was named as one of the best places. I quoted them below:
Sarasota, Florida
Sarasota is perhaps one of the most popular retirement destinations in the most popular US state for retirees. Located on the Gulf Coast, Sarasota has 35 miles of beaches and offers residents opportunities from golfing to boating and gourmet dining. The town also offers a range of activities, including an opera, symphony, film society and a range of art galleries.One caveat about this destination is that because of its climate and natural surroundings, it attracts plenty of vacationers in the winter months. The area also finds median home values at $185,200, which…
Sarasota Foreclosure Facts and Misconceptions
Friday, February 5th, 2010 at 3:11pm. 419 Views, 0 Comments.
Misconception 1 - "I hear" only foreclosures and short sales are selling
* 3,161 properties sold in Sarasota and Manatee counties within the last 90 days. * Of that 3,161 properties 1,244 of them were foreclosures and short sales. They make up 39.5% of the market. The percentage of distressed property sales are declining. 60.5% of all sales ARE NOT distressed sales. Misconception 2 - "I hear" I can take 20%-30% off the list price of a foreclosure or short sale * The average sales price/list price of foreclosures and short sales is 96%. * The average sales price/list price of all properties is 93%.Misconception 3 - "I hear" that there are tons of distressed sales on or near the beach
* There are very few foreclosures and…
Which downtown Sarasota condo would you like to live in?
Tuesday, February 2nd, 2010 at 8:54am. 350 Views, 0 Comments.
Which downtown Sarasota condo would you rather live in?
1350 Main - Great downtown location. Built in 2007 with some nice water views.
100 Central - Great location and easy to walk to all downtown amenities. Built in 2005.
Renaissance - Built in 2001. Not as convenient to Main street as 100 Central or 1350 Main. If you get high enough in the building there are some great water views.
888 and 988 - Built in 1982. Not an quick walk to Main street. Breathtaking water views.
Alinari - Built in 2007 with fabulous water views. Not very convenient to walk to Main street.
CNN Money - Sarasota, Florida is 28% Undervalued
Wednesday, January 27th, 2010 at 6:41pm. 1604 Views, 4 Comments.
CNNMoney.com had an interesting article today about the most over valued and under valued real estate markets in the United States. You can read the article here or check to see the most over valued and under valued cities list.
Sarasota, Florida was the 18th most undervalued city in the U.S. They figure that we are 28% undervalued. In 2006 CNNMoney.com had a similar article stating that Sarasota was 56% overvalued.
10 most under valued cities
1) Las Vegas, Nev.
2) Vero Beach, Fla.
3) Merced, Calif.
4) Cape Coral, Fla.
5) Houma, La.
6) Port St. Lucie, Fla.
7) Warren, Mich.
8) Vallejo, Calif.
9) Stockton, Calif.
10) Modesto, Calif.
18) Sarasota, Fla.
10 most over valued cities
1) Atlantic City, N.J.
2) Wenatchee, Wash.…
5 Recently Sold Sarasota Foreclosures and Short Sales
Wednesday, January 20th, 2010 at 7:03pm. 1006 Views, 1 Comments.
Here are 10 recently sold bank owned or short sale properties in the Sarasota, Florida area.
Unit #404 in La Bellasara on Golden Gate Point sold for $1,826,000. The list price was $1,795,000. This was a 4 bedroom, 4.5 bathroom condo with 3,290 square feet. This downtown Sarasota condo was a short sale, sold for 102% of list price and was on the market 376 days.
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This home located at 1662 Anchorage Street sold for $1,400,000. The list price was $1,649,000. This is a 5 bedroom, 4 bathroom, 3,826 square feet waterfront home. This was a short sale and was on the market 460 days.
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This short sale home in Casey Key…
Sarasota Bucks National Trend With Best Sales Report in 33 Months
Wednesday, January 13th, 2010 at 1:32pm. 333 Views, 1 Comments.
The following was released by the Sarasota Association of Realtor:
With 648 total property sales reported in December 2009, the Sarasota real estate market saw the most closed transactions since March 2007, a 33 month span. Overall sales in December 2009 were also 52 percent higher than December 2008, when only 406 properties changed hands, and 70 sales higher than the 578 sales reported in November 2009. Median sale prices were also up last month for both single family homes and condos.
For the full year 2009, the trend lines have been dramatic. Monthly home sales have climbed to the high 500s and low-to-mid 600s, compared to 2008 when sales often dipped to the low 400s and even into the 300s. The overall number of closed sales in…
Foreclosure in 1350 Main Condos
Saturday, January 9th, 2010 at 9:19am. 1815 Views, 0 Comments.
1350 Main St # 1703 - An Unparalleled Bank Owned Offering...
Check out this foreclosure in 1350 Main Steet condos. This is a 2 bedroom, 2 bathroom, 2,232 square foot penthouse in the heart of downtown Sarasota. A similar sized unit sold in a lower floor recently for $800,000. At $725,000 this represents a good value. I don't imagine that it will be on the market a long time.
Give me a call at 941.812.6272 if you are looking to buy soon and want to see this unit. Visit my 1350 Main condos page to view everything for sale in the building. View other Sarasota foreclosures.
Home Buyers Misconception's
Thursday, January 7th, 2010 at 1:26pm. 337 Views, 0 Comments.
I talk to home buyers on a daily basis and it seems that all of them are under the impression that you can get 25%-50% off of the list price of a home. Single family homes in the Sarasota area are selling on average for 94% of list price. Condos, on average, are selling for 92% of list price.
Here are 10 random sales that occured within the last 2 weeks:
| Asking Price | Sales Price | Sales Price/Asking Price |
| $1,975,000 |
$1,800,000 |
91% |
| $1,899,000 | $1,750,000 | 92% |
| $799,000 | $710,000 |
89% |
| $499,000 | $475,000 | 95% |
| $449,000 |
$396,000 | 88% |
| $399,900 | $360,000 | 91% |
| $295,000 | $265,000 | 90% |
| $260,000 | $240,000 | 92% |
| $215,000 | $199,000 | 93% |
| $159,000 | $150,000 | 94% |
8…
