Steve and I would like to wish Everyone a
HAPPY and HEALTHY NEW YEAR
Who is Moving to Sarasota ??
Top Ten Priciest Home Sales in Sarasota (2011 profile of Buyers)
From a 37 year old Options Trader to one of the Wealthest persons in the U.K
Click Link to Article
As we head into 2012 all indicators point to a continuing upswing in the Sarasota/Bradenton real estate market. One indicator has been the increase in tourism to the area. Occupancy rates in 2011 were the highest since 2007 and 2012 looks to be even better according to advanced bookings. Some areas are reporting 90 to 95% occupancy already for this season. Tourism is one of the indicators of advanced sales as people come to the area, fall in love, and decide this is where they want to live or buy a second home. That is what happen to us in 1992.
Another indicator is Florida's growth rate which has been stagnant since 2006, is on the upswing again. Only Texas has seen more growth in the last 15 months. The biggest influx is of course the Boomers, even if they are not ready to retire yet.The price is right and the values are great compared to the boom years. Right behind them are families and business's relocating from high tax states.
Sarasota also has continued to get great National and International press.
In fact, the Today Show's real estate report from Barbara Corcoran in late November ( the second time this year ) noted that Sarasota was one of the top recovering markets in the nation. Corcoran said Sarasota is a "beautiful beachfront community" that offers residents and visitors "a sophisticated, urban cultural experience" that is propelling sales and prices in 2011.
"Very few communities in the nation can compete with Sarasota in terms of affordable home values, climate, culture, amenities and the wealth of properties offered here."
I have enclosed some links about our area including a Relocation Guide for those of you not familar with the area.
Click TOUR to see more on Sarasota
Great Article about Sarasota in Novembers US Air magazine. A must read if you are considering this area. Click LINK to the article.
Relocation Guide
Enjoy the Market report, my hot picks and more of Steve's numbers below.
Maureen
Luxury Market 2011 Sarasota/Bradenton
314 Residential Properties sold for 1 Million or more.
43 Residential Properties have Pending Contracts for 1 million or more.
The Luxury Market in 2012 already looks like a record breaker.
Market Report 11/15/2011 Sarasota Association of Realtors
November 2011 sales up 12.7 percent over last year
November 2011 property transactions in the Sarasota real estate market totaled 602, up 12.7 percent over last November. The total also exceeded the October 2011 sales figure of 577. The market has remained strong and stable as the winter season gets into full swing, reflecting continued confidence in Sarasota as a destination location.
Overall, sales in 2011 continued on pace to exceed last year by a wide margin, and should put the Sarasota market at the highest level since 2005. This sales resurgence has paralleled the drop in the available inventory, and put the remaining months of inventory in the range of a Seller's market.
Pending sales were up in November 2011 to 782 compared to last month's figure of 772 and last November's total of 764. Last month, 552 single family homes and 230 condos went under contract.
"The Sarasota real estate market has retained traction, and we hope the brightening national economic picture will help maintain and even push this market higher," said SAR President Michael Bruno. "There is an encouraging sense of stability and strength in our market." For complete report and charts see below.
There is no doubt that these numbers especially the Pending Contracts indicate another robust selling season which will significanly effect Inventory levels going into the 3rd quarter 2012. Even now the under 500,000. market for the most popular property types are seeing multiple offers.
What we are finding now that New Construction is fulfilling the expectations of Buyers in both value and criteria especially in under $350,000
.
Our goal is to provide the most up to date information regarding real estate in our area. We prepare this information and send this to you so that when you are ready to purchase, our hope is that you will call us to assist you with one of the most important investments in your life. Steve and I will provide you with all the information needed to make a decision and present different choices of property lifestyles. We would like to represent you in your real estate purchase.
Contact me for information on these New Home Opportunities.
