Tampa Bay & Sarasota FL Luxury Real Estate Blog: Florida: Sarasota

Wave Of Foreclosures Has Begun In The Greater Sarasota Area

According to data released by California based RealtyTrac Inc., total foreclosure filings in the three-county region surrounding Sarasota jumped to 3,349 during July, a 40 percent increase from a month earlier and a 10.6 percent increase from July 2009.  While much of the reason for the rise stems from resets on adjustable-rate loans, market watchers are also seeing an increase in commercial foreclosures.  Records also show a steady flow of luxury properties going into foreclosure. At least eight homes in the million-dollar-and-over range fell into foreclosure in July. The largest was a $2.08 million loan on a 5,569-square-foot house on Osprey Point Drive.

While the increase in foreclosures may seem high, don't expect much further downward pressure on pricing.  Sarasota property sales are at their highest levels since 2005 and inventory has been cut in half.  Now is the time to buy, before these opportunities are gone. 

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

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Sarasota 2009 New Construction 75% Below Previous 20-Year Low

Figures just released by the Sarasota County Property Appraiser's office puts new construction for all of 2009 at $137 million.  Putting the 2009 figure in terms of 1988 dollars lowers that figure to $74 million.

http://www.heraldtribune.com/article/20100531/ARTICLE/5311019/2117/REALESTATE?Title=2009-new-construction-75-percent-below-previous-20-year-low

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

Check Out Steve Eckhardt's Other Social Networking Profiles

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Dr. Beach ranks Siesta Key Beach #2 In The U.S.

Stephen Leatherman, also known as Dr. Beach, has named Siesta Key Beach in Sarasota the nation's second-best beach for 2010.

It's the second year in a row Siesta Key Beach has placed second in the annual ranking.

Siesta Key Beach gets high marks for its public access, 99.9 percent pure quartz sand, and balance between natural beauty and recreation, Sarasota County Parks and Recreation General Manager John McCarthy said in a release.

Read more: Dr. Beach ranks Siesta Beach No. 2 in country - Tampa Bay Business Journal

Siesta Key Beach

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

Florida Gulf Coast Video Relocation Series - Greater Sarasota And The Beaches

In our effort to help home buyers relocating from different areas of the country, we have developed an 11 part video series to highlight the various cities we cover on the Gulf Coast of Florida. This is our second video and it highlights the Greater Sarasota area.

Sarasota Area

CLICK ON THE PICTURE TO START THE VIDEO

CLICK HERE TO DOWNLOAD A PDF RELOCATION GUIDE

Most of Florida was inhabited Native Americans were the first inhabitants of the area that is now Sarasota, Bradenton, and the beaches, including the violent Timucuan tribe. Prehistoric mounds and shell middens can be found along the coastline and throughout the keys. Spanish explorer Hernando de Soto is the reported first European to discover the region; seeking treasure, de Soto landed at Shaw's Point in 1539. Local legend says Sarasota was named after de Soto's daughter Sara.

Josiah Gates became Manatee County's first permanent white settler in 1842. The city of Bradenton was named for sugar planter Dr. Joseph Braden, whose fortlike home served as a refuge for early settlers during Indian attacks. Today's Bradenton was formed in 1943, when the Florida legislature merged the cities of Manatee (incorporated in 1888) and Bradentown (incorporated in 1903). The Manatee River area flourished with sugar plantations, and even the Civil War could not curtail its agricultural benefits; the region began to boom when the railroad arrived in the late 1880s.

In 1885, the Florida Mortgage and Investment Company launched a campaign in Scotland promoting the area to immigrants. Scottish families boarded steamers for Sarasota, only to turn away when they saw the primitive settlement, which lacked homes, stores, or streets. Yet a few stayed, including John Hamilton Gillespie, a Scottish aristocrat, lawyer, and member of the Scottish Queen's Bodyguard. Gillespie built the De Soto Hotel and the first American golf course in Sarasota, and was elected the city's first mayor in 1902. Sarasota became incorporated in 1901.

In the early 20th century the region began attracting some of the country's wealthiest citizens, including Bertha Palmer, widow of Chicago developer Potter Palmer; Mrs. Palmer's lush former estates have been restored into today's Historic Spanish Point and Myakka River State Park.

Owen Burns came to Sarasota for its fishing, and stayed for the rest of his life. Burns dredged the harbor and created new bay fronts with reclaimed soil. His developments, including Burns Court, Burns Square, and the Times Building, helped attract tourism and commercial prosperity.

Brothers and Barnum & Bailey Circus fame, settled in the area in the 1920s. He and his wife Mable built their Venetian- style mansion on Sarasota Bay, and established the John & Mable Ringling Museum of Art to house their collection of 17th-century Italian and Flemish masters. Ringling used circus elephants to help build the first bridge from the mainland to St. Armands Key, which he then developed as a commercial and residential center. In 1927, the Circus moved its winter quarters to Sarasota, and the city became known as a "circus town." Currently, Sarasota is called the "Circus Capitol of the World" and many circuses are housed there. Sarasota County is the only public school system in the U.S. that sponsors an after-school youth circus program.

The region experienced the same 1920s boom, Great Depression-era crash, and 1950s second boom as much of Florida. Although the region has suffered from the 2008 real estate crash, the two counties currently precede the rest of Florida and the nation in growth of firms, employees, and payroll.

If you are looking for real estate in the Greater Sarasota area or the beaches, please call or e-mail!

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

Check Out Steve Eckhardt's Other Social Networking Profiles

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Sales Up 30 Percent In Sarasota Area Housing Market

For the second month in a row, homes sales in the Sarasota area bucked a national decline, but the region saw pricing erode for the first time in months.  Sales were up 30 percent in the Sarasota-Bradenton market compared with a year ago.  While January's median sales price in the Sarasota-Bradenton market was up 8 percent to $156,700 from $144,800 a year ago, the most recent price was down 6.4 percent from $167,400 in December, data released Friday by Florida Realtors showed.

Statewide, 10,465 homes changed hands during January, up 28 percent from a year ago. But the median was down 14 percent, to $130,900 from $151,500, and down 6.8 percent from $140,400 in December.  The national median sales price was $164,700, unchanged from a year earlier and down 3.4 percent from December.

The inventory of unsold homes on the market nationally was down slightly at 3.27 million. That is a 7.8-month supply at the current sales pace, up from a recent low of 6.5 months in November.

 

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

Check Out Steve Eckhardt's Other Social Networking Profiles

My Blog  http://www.luxuryhomeblog.com

Facebook    http://www.facebook.com/CornerstoneProperties

Twitter   http://www.twitter.com/theflbroker

Flickr   http://www.flickr.com/photos/27264581@N08/

Linked In   http://www.linkedin.com/in/cornerstoneproperties

YouTube http://www.youtube.com/csmtggrp85

November Sarasota Area Home Sales 86 Percent Higher Than November 2008

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.

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.

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

Check Out Steve Eckhardt's Other Social Networking Profiles

Facebook    http://www.facebook.com/CornerstoneProperties

Twitter   http://www.twitter.com/theflbroker

Flickr   http://www.flickr.com/photos/27264581@N08/

Linked In   http://www.linkedin.com/in/cornerstoneproperties

YouTube http://www.youtube.com/csmtggrp85

Home prices and sales surge in Sarasota / Bradenton

Housing prices in the Sarasota-Bradenton market posted a nearly 10 percent increase during the second quarter when compared with the first three months of the year, and sales rose 20 percent.
http://www.heraldtribune.com/article/20090813/ARTICLE/908131058/2107/BUSINESS?Title=Home-prices-and-sales-surge

Sarasota Custom Waterfront Estate REDUCED $2.25 MILLION

1655 BAY HARBOR LN, SARASOTA - $3,499,999 - Beauty and craftsmanship go hand in hand in this splendid Mediterranean masterpiece. This is the developer's personal home.  In addition to the incredible full bay views, this exclusive residence features five spacious bedroom suites, study, loft, six and one half bathrooms, library, family room, formal living and dining rooms. The master suite has its own laundry room and wet bar. An oversized four car garage, brick paver motor court, authentic clay tile roof, and decorative hand carved stone fountain are striking enhancements to the exterior. The gourmet kitchen is a chef's delight with granite countertops, custom cabinetry with under cabinet and above cabinet lighting, two dishwashers, sub zero refrigerator, double ovens, six burner gas cooktop, and food drawer warmer. Custom Kohler plumbing fixtures enhance the kitchen and bathrooms. The private boat dock is equipped with a 12,000 pound lift, electric and water, and the outdoor entertaining area is complete with gas heated custom pool and spa, and summer kitchen with refrigerator, grill and sink. Architectural details include the crown molding and custom columns to the marble and wood flooring throughout. This home is superior in its efficiency with a "Gold Certification" rating from FPL including a high efficiency HVAC system complete with whole house air filtration and anti-microbial contaminant systems, and high performance Anderson windows and doors . Custom Estate by Westwater Construction. See more of our luxury listings on our websiteTAKE A TOUR OF THIS HOME. Call Steve Eckhardt at (813) 765-1182 For A Private Showing.

Sarasota Equestrian Estate Reduced $150,000

Take A Video Tour

Situated on almost seven acres, this luxury residence is a one of a kind masterpiece with over 4800 square feet of living space. As you step into the foyer, you are drawn to the soaring 30 foot coffered ceilings and a dramatic curved staircase. Travertine floors are found throughout the entire foyer, great room, kitchen, and dining room. This custom floorplan also features 4 bedrooms, 4 baths, a $100,000 media room, custom cabinetry, a study, an upstairs flex area, and all of the adornments you would expect in a prestigious estate home. Step outside the French doors to the 2100 square foot outdoor entertainment area and you will find a place thats perfect for relaxing or entertaining. Special outdoor features include a heated saltwater pool and spa, a full outdoor kitchen, and plenty of room for an outdoor pool table or visiting with friends. A daily parade of deer and a yard large enough to host a college football game round out a home that is just miles from everything Sarasota & the beaches have to offer!

Call Steve Eckhardt at (813) 765-1182 For A Private Showing.

www.TheFloridaAuthority.com

Sarasota Luxury Estate Reduced $250,000

1655 BAY HARBOR LN, SARASOTA - $5,749,900 - Beauty and craftsmanship go hand in hand in this splendid Mediterranean masterpiece. In addition to the incredible full bay views, this exclusive residence features five spacious bedroom suites, study, loft, six and one half bathrooms, library, family room, formal living and dining rooms. The master suite has its own laundry room and wet bar. An oversized four car garage, brick paver motor court, authentic clay tile roof, and decorative hand carved stone fountain are striking enhancements to the exterior. The gourmet kitchen is a chef's delight with granite countertops, custom cabinetry with under cabinet and above cabinet lighting, two dishwashers, sub zero refrigerator, double ovens, six burner gas cooktop, and food drawer warmer. Custom Kohler plumbing fixtures enhance the kitchen and bathrooms. The private boat dock is equipped with a 12,000 pound lift, electric and water, and the outdoor entertaining area is complete with gas heated custom pool and spa, and summer kitchen with refrigerator, grill and sink. Architectural details include the crown molding and custom columns to the marble and wood flooring throughout. This home is superior in its efficiency with a "Gold Certification" rating from FPL including a high efficiency HVAC system complete with whole house air filtration and anti-microbial contaminant systems, and high performance Anderson windows and doors . Custom Estate by Westwater Construction. See more of our luxury listings on our websiteTAKE A TOUR OF THIS HOME. Call Steve Eckhardt at (813) 765-1182 For A Private Showing.