Lido Key News 
Frequent updates of Lido Key News
There are currently 39 blog entries related to this category.
CNBC names Sarasota, Florida one of the top places to retire
Wednesday, February 10th, 2010 at 6:56pm. 430 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. 411 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…
CNN Money - Sarasota, Florida is 28% Undervalued
Wednesday, January 27th, 2010 at 6:41pm. 1598 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.…
Sarasota Bucks National Trend With Best Sales Report in 33 Months
Wednesday, January 13th, 2010 at 1:32pm. 329 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. 1814 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. 333 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…
Sarasota, Florida Foreclosure Update
Wednesday, January 6th, 2010 at 12:01pm. 544 Views, 0 Comments.
Looking for a Sarasota foreclosure or short sale? Here is this week's update:
New Bank Owned and Short Sales listed within the last 7 days
Sarasota county - 91 new properties
Manatee county - 75 new properties
Siesta Key - 1 new property
Longboat Key - 1 new property
Bird Key/Lido Key/Downtown - 1 new property
Lakewood Ranch - 10 new properties
Casey Key - None
Bank Owned Properties & Short Sales
Sarasota county - 1,120 properties
Manatee county - 920 properties
Siesta Key - 40 properties
Longboat Key - 28 properties
Bird Key, Lido Key and Downtown Sarasota - 51 properties
Lakewood Ranch - 115 properties
Casey Key - 3 properties
View all Sarasota foreclosures. Call us at 941.812.6272 to help you buy or sell in the Sarasota…
New Sarasota Foreclosures For Sale
Tuesday, December 29th, 2009 at 9:43am. 450 Views, 1 Comments.
Looking to purchase a Sarasota foreclosure? Follow the links below to see the latest foreclosures and short sales to hit the market.
New Bank Owned and Short Sales listed within the last 7 days
Sarasota county - 24 new properties
Manatee county - 33 new properties
Siesta Key - None
Longboat Key - 1 new property
Bird Key/Lido Key/Downtown - 2 new properties
Lakewood Ranch - 4 new properties
Casey Key - None
Bank Owned Properties & Short Sales
Sarasota county - 1,143 properties
Manatee county - 921 properties
Siesta Key - 42 properties
Longboat Key - 28 properties
Bird Key, Lido Key and Downtown Sarasota - 46 properties
Lakewood Ranch - 114 properties
Casey Key - 3 properties
* These reports expire after 500 visits. Sign…
Huge Increase in Condos Sales in November
Wednesday, December 23rd, 2009 at 1:41pm. 294 Views, 0 Comments.
There was an article in today's newspaper about the huge increase in condo sales in Sarasota, Florida. You can read it here. Highights of the article:
* In the Sarasota-Bradenton market, 239 condos changed hands, a 130 percent increase from the 104 sales that took place during the same month a year earlier.
* Realtors and analysts attribute the uptick to both the first-time buyer tax incentive, which was recently extended, and to the return of investors to the market.
*In Sarasota-Bradenton, the median condo price was down 20 percent to $141,100 in November from the same month a year ago.
Above is a chart of condo sales in Sarasota county for the last 3 years. The light green bars represent the inventory of condos on the market. The dark green bars…
Why Own a Winter Home in Florida?
Thursday, December 10th, 2009 at 5:59am. 312 Views, 3 Comments.
Madison, Wisconsin has seen the greatest snowfall so far in the Midwest, with 18.5 inches. The region is warned of 'extremely dangerous blizzard conditions' as schools are closed, flights are canceled and delayed, and motorists are stranded.
Sarasota, Florida Winters
Where would you rather be in the winter?
