Sarasota Florida Flat Fee MLS Listings FSBO – Discount Realtor & Broker

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Sarasota real estate market at highest level since 2005

Property sales in May 2010 in the Sarasota market once again hit the highest total since 2005 and median sale prices continued the steady pace observed in recent months.

The 766 sales were the highest for the year, topping the April 2010 total of 757, and were the highest total since December 2005, and 51.3 percent higher than the May 2009 total of 506 sales.

Pending sales were once again strong, hitting 857, but were slower than April 2010. The March and April pending sales figures both topped 1,000, and reflected a last minute rush to beat the federal homebuyer tax credit deadline.
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2441 Bay St.
Sarasota, FL 34237

3 Bedroom, 3 Bath
1,589 Square-Feet
$199,000

Downtown Convenience! Steps to Downtown! 10-15 Minutes to Beach! Updated & Renovated & Remodeled in 2002! Artistic Additions Such as, Glass Block Shower, Mosaic Tiles, Designer Paints * French Doors Leading to Expansive, Wrap-Around Lanai * Soaring Oak trees, Lots of Shading & Tropical Landscaping Make this Florida Paradise * Storage Shed in Fenced Backyard * Vaulted Ceiling in Family Room * Additional Formal Living Room * Tile Throughout * Breakfast Nook off Living Room & Gallery Kitchen * Recessed Lighting * Full Appliance Package * Solid Oak Cabinets in Kitchen & Energy Efficient Appliances * Quiet Family Street * Top-Rated School District * Location! Location! Location! Rare-Find!

   Click on smaller thumbnails below to preview larger images of the property

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$998,000
3 Bedroom, 2.5 Bath
2,898 Square-Feet

Beautiful! * Key West charm nestled in fabulous neighborhood- oversized lot entirely in lush tropical gardens-water front-privacy-yet walk to world class beach, Siesta Village, Out of Door Academy * Unreal! All the modern conveniences with many special features.  Single level split plan, wrap-around covered porch incl. large screened area, open air pool, gorgeous water views.  No grass to mow! Great Grand Canal water- dock and lift, minutes to open bay, one bridge. 2,900+ sf of light-filled space, 3 br’s plus bonus separate “cottage”, den, 2+ baths, easy indoor-outdoor layout for gracious entertaining.  Flex floor plan allows spacious mother-in-law suite, if desired * Large eat-in kitchen, gas range, custom wood cabinetry * Kitchen, master, great room all look out over back yard/pool/canal- enjoy the view!  Huge great room with dining,  large rooms , practical traffic flow * New flooring throughout * Master suite has tub, shower, dressing room, computer room. Laundry room with ironing center, deep sink, xtra fridge * Loads of storage, stand up attic, “gallery” hall for art display, french doors and sliders and ceiling fans everywhere.  Fish pond, sun deck, trees, stone paths- so many extras! 1985 custom built, well maintained, updated- ready for kids, pets, boat, family reunions, or just total R&R *  This unique property stands out from the others! Owner financing considered * Open Houses Sunday between 1-5pm

Justin Shirley
CEO
Shirley International Realty
941.448.4872
www.JustinShirley.com

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The drop means the number of people losing their homes will start to fall. But some pain from the crisis is sure to persist. Because millions of people are already in foreclosure, deeply discounted houses will put pressure on home prices for years.

“Housing is on a path to recovery,” said Mike Larson, a real estate analyst with Weiss Research. “It’s going to be a very long, gradual process.”

In high-foreclosure cities like Las Vegas, Phoenix and Miami, homes have lost roughly half their values from their peaks. But a report Friday from the Mortgage Bankers Association showed Nevada, Arizona and Florida had some of the biggest declines in new delinquencies.
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Property sales in the Sarasota market were 58 percent higher in January 2010 than in January 2009, and pending sales were also strong, topping the 800 mark for the first time since October 2009.
 
In sharp contrast to the first month of last year, January 2010 saw 506 overall sales, compared to only 319 sales in January 2009. In addition, pending sales surged by over 10 percent from December 2009 to a total of 815. The statistic is a strong indicator for the next two or three months of sales, as pending sales are an indicator of current buyer activity. Last January, pending sales stood at only 683.
 
Median sale prices in the Sarasota real estate market dipped in January 2010 for both single family homes and condos. The median sale price for a single family home was $156,250, down from last month’s figure of $170,000, but up slightly over last January’s figure of $149,950. For condos, the median price dropped to $165,000 from last month’s figure of $199,000, and significantly lower than last January’s figure of $220,000. For the last 12 months combined, the median sale price for single family homes was $160,000, while the median sale price for condos was $189,900. Read the rest of this entry »

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The days of building your dream home from the ground up appear to be in jeopardy.

 Lending institutions have become increasingly wary of issuing residential construction loans, even to qualified buyers, as defaults and outstanding loans continue to pile up.

About a sixth of all construction loans were outstanding or on the brink at the end of June, according to bank reports filed with the Federal Deposit Insurance Corporation.

The construction lending delinquency rate rose to 18.2 percent in the third quarter of 2009, nearing the peak of the 2001 recession when the rate hit 19.2 percent, according to a recent Bloomberg story.

Commercial
Construction home loans  are inflicting most of the damage on lenders. But real estate construction loans continue to be a losing proposition for scores of banks. For example, the City National Bank of West Virginia recently announced that its toxic assets mostly consisted of residential construction loans at The Greenbrier Resort.

Instead, banks are increasingly focusing on loans solely for purchasing and refinancing homes. Some have even abandoned residential construction loans all together — both JP Morgan Chase and Citi Mortgage shut down their programs this year.

In other words, the lending pool has thinned considerably for families looking to buy land and build from scratch. Combine that with a considerably tighter credit environment and suddenly the all-American concept of “building your dream home” is on the verge of disappearing.

“These families are not in the same bracket of the builders that have over built subdivisions,” Rick Gomez, owner of San Diego-based Nationwide Construction Loans, said in a recent news release. “These are the families that just want to build the American dream on their own land.

Despite the growing caution, there are still lenders out there willing to take on residential construction loans in this climate. Prospective homeowners looking to secure a  residential home loan need to prepare for a potentially turbulent search

To boost their chances of obtaining a loan today, buyers should be prepared on a few key fronts:

Know the story
Construction loans are the epitome of the “story loan.” The lender wants to consider the project background and the prospective borrower’s story before making a decision. If you don’t have a solid, well-crafted story behind the intended purchase, find one

Scour the Internet
Don’t be afraid to include online sources while shopping for lenders. But, as with any potential lender, be sure to investigate their track record and history of working with construction loans.

Check the Credit
It’s shocking how many prospective borrowers fail to reconcile errors and inconsistencies on their credit reports. About one in four credit reports has an error significant enough to quash a loan. This is especially crucial in this current market.

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Congratulations to Justin Shirley & Shirley International Realty, as he represented buyers of Ritz Carlton Beach Residence Penthouse Unit# 1207 on Lido Key, Sarasota, FL.. The asking price for this condo was $3,500,000, & Shirley International Realty successfully negotiated a “Fully Furnished” purchase price of $2,850,000 for his clients. The purchase closed 12/31/2009. This represents a valueable purchase in Ritz-Carlton’s 5-Star development. Below are Marketing Details of the Condo:

1300 Benjamin Franklin, #1207
Sarasota, Fl 34236
4,530 Square-Feet

“Penthouse in the SKY” Managed by the Ritz-Carlton.  Truly a “one of a kind” design! From the moment that you park in your private garage, step into your private elevator that opens into your private lobby, you will be mesmerized with the magnificent ever-changing Gulf of  Mexico, spectacular sunsets and captivating bay and city views. Three bedrooms, family room, and  office 4530 sq. ft. with  10’8″ ceiling heights (except where dropped). Kitchen with  luxurious custom cabinets, granite countertops, Stainless steel  appliances, breakfast bar.  This is a word class ocean-side residence complete with the security of a private gated entrance, in house concierge service, heated Pool, Spa, and a summer kitchen on your private terrace.   The Beach Residence shares the same privileged location as the Ritz-Carlton Members Beach Club conveniently accessed by a covered walkway.  The Beach Residence is only a short distance from Sarasota’s quaint downtown area, cultural and entertaining venues, restaurants, shopping and within walking distance of famous St. Armands Circle.

For  Questions or Interest in Purchase of Luxury Condos in Sarasota, Fl, Contact Justin Shirley @ 941-448-4872

Click on Thumbnails below to expand photos of the Interior of this Luxurious condo

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Sarasota real estate market remains hot as temperatures cool

The Sarasota real estate market remained hot in November 2009 with overall sales nearly 86 percent higher than November 2008.  Total sales stood at 578 in November, mirroring last month’s total of 574 and much higher than the 311 sales reported in November 2008. The breakdown was 417 single family homes and 161 condos sold last month.
 
The fall has proven to be a busy one for many local Realtors®, and the trend doesn’t seem to be slowing down. Pending sales stood at 793 in November, just below last month’s total of 839, and far higher than last November, when only 504 pendings were reported. The statistic is a strong indicator for the next two or three months of sales, as pending sales are an indicator of current buyer activity. Some experts had predicted pending sales might slow because of the uncertainty over the extension of the first-time homebuyer’s tax credit. But that fear has proven unfounded in the Sarasota market.
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Fla.: Existing home, condo sales up in November

ORLANDO – Dec. 22, 2009 – Florida’s existing home sales rose in November, marking 15 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®.

Existing home sales rose 61 percent last month with a total of 14,026 homes sold statewide compared to 8,694 homes sold in November 2008, according to Florida Realtors. Statewide sales of existing condos increased 111 percent last month compared to November 2008’s sales figure.

For the second month in a row, all of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales and higher condo sales in November. A majority of the state’s MSAs have reported increased sales for 17 consecutive months.
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