Wednesday, June 30, 2010

Casey Key Real Estate as of June 30, 2010

Sarasota Barrier Island: Casey Key

Who hasn't dreamed of watching the sunset from their deck; of taking an early morning walk along a quiet beach, searching for shells; of swimming in warm waters in front of your home or along glorious white sand beaches; of taking a boat out to deep water to sail or do battle with the big fish; of playing a round of golf with the gulf as your backdrop.
That's what life is like on Sarasota's Barrier Islands.

So what are you waiting for? This is the place. Now is the time.
Beach, Bay or Back Nine...Live the Dream™

If privacy is your passion, this elegant, exclusive Sarasota Barrier Island may just be the ideal location to live your Florida dream. Made up almost entirely of luxurious single-family homes - nearly all have a Gulf view or a Bay view - Casey Key is "old Florida" at its finest. No high-rise condos, no chain hotels, just friendly neighbors, un-crowded beaches and winding streets covered by canopies of tropical palms on an island so narrow, some homes have a front yard that borders the Gulf and a backyard that borders the Bay.

Population:Less than 400 residents.

Single Family:

There are currently 56 Single Family homes for sale on Casey Key. They are priced from $694,000 to $12,000,000.

There 2 Single Family homes under contract (sale pending) on Casey Key priced at $1,295,000 & $4,900,000.

So far this year there have been 9 Single Family homes sale on Casey Key priced from $600,000 to $4,500,000. Only 8 Sold in all of 2009.


There are currently 12 Condos listed for sale on Casey Key priced from $100,000 to $500,000.

There has been 1 Condo Sold this year on Casey Key & it sold for $225,000.

The Herron Group / RE/MAX Alliance Group/ Nick Herron ( 941-350-5035 ) and Kathleen Herron would be glad to show you any of the Casey Key properties or on any of the other Sarasota Barrier Islands of Manasota Key, Siesta Key, Longboat Key, Lido and Bird Key.

Beach, Bay, or Back Nine…Live the Dream

Wednesday, April 14, 2010

Sales Skyrocket in March 2010; Local Sarasota, FL. Real Estate Market Appears Strong:

Great news for Sarasota, Florida Real Estate. We are also seeing increased activity on the Sarasota Barrier Islands and just got one of our Manasota Key Gulf front properties 7800 Manasota Key Road under contract.

Sales skyrocket in March 2010; local market appears strong according to the latest figures from the Sarasota Association of Realtors.

Overall property sales reached 753 in the Sarasota market in March 2010, the highest total since December 2005 and more than 56 percent higher than March 2009. Pending sales were also robust, standing at 1,060 - the highest total in the past four years. But perhaps the most telling statistic was that the median sale price for both single family homes and condos rose in March from the previous month, and prices were much higher than in March 2009.

Members of the Sarasota Association of Realtors® sold 555 single family homes and 194 condos in March 2010, a huge jump over March 2009, which saw only 353 single family homes and 128 condos sold. Pending sales, at 1,060, were about 30 percent higher than last March, when only 817 were reported. This statistic is a strong indicator for the next two or three months of sales, as pending sales reflect current buyer activity. This also reflects the continuing push of SAR members in the early spring months to qualify clients for homebuyer tax credits, which expire on April 30th.

Median sale prices in the Sarasota real estate market were also up in March 2010 for both single family homes and condos. The median sale price for a single family home was $170,000, up 13.3 percent from February's $150,000, and up 11 percent over last March's figure of $152,125. For condos, the median price rose to $210,000 from last month's level of $169,000, a 24 percent increase. Last year at this time, the condo median sale price was $166,750. For the last 12 months combined, the median sale price for single family homes was $162,950, while the median sale price for condos was $190,000.

The level of distressed property sales dropped in March 2010 to 41 percent of the overall market, compared to 47 percent of the overall market in February 2010. This was another encouraging sign as the spring continued to heat up the local housing market. The downward trend in the percentage of short sales and bank-owned foreclosure sales in the Sarasota market, if it continues, would be a harbinger of a market in full recovery, and should bring greater appreciation for the overall median sale prices.

"This was the best month we have had in four and a half years, and the numbers are very encouraging for our local real estate market," said 2010 SAR President Erick Shumway. "Local Realtors® have obviously educated their clients on the pending expiration of the homebuyer tax credits, and this has certainly helped promote sales. But we have also seen resurgence in sales across the price spectrum - not just for first-time buyers. Hopefully, the continuing growth in our nation's economy will propel this market even higher this year."

The property inventory level remained steady in March 2010 at 6,342, only slightly higher than February's total of 6,329 properties on the market. The inventory is still at the lowest level since late summer of 2005.

The months of inventory for single family homes was 7.2 months, the number of months it would take to sell all available homes at the current pace. This was a huge drop from February 2010's number - 10.6 months - and very near equilibrium. Last year at this time, the months of inventory was 17.1 for single family homes. Once the market reaches the 6 month level it is considered to be in equilibrium between buyers and sellers. For condos, the months of inventory level was 11.8 months, the lowest level in several years, and far lower than the 21.2 months only a year ago.

Delving deeper into the statistics, homes in the lower price ranges have actually entered a "seller's market," with the month's inventory supply at only 4.8 months for homes sold between $60,000 and $70,000 so far in 2010, and only 6.6 months for homes sold between $120,000 and $139,999 in 2010. This is a likely reflection on the homebuyer tax credit of $8,000 for first-time homebuyers.

Click HERE for the complete PDF version of the press release, along with two pages of statistical charts.

The Herron Group
, Nick Herron & Kathleen Herron with RE/MAX Alliance Group would be glad to show you homes in the Sarasota area. Give us a call at 941.350.5035.
It is a good time to buy on Sarasota Barrier Island's of Casey Key, Manasota Key, Siesta Key, Lido Key, Longboat & Bird Key.

Beach, Bay or Back Nine...Live the Dream

Monday, February 1, 2010

Beleza on Venice Beach 811 N. The Esplanade Unit 704 Venice, Florida

I was showing our listing at Beleza on Venice Beach. It is the newest luxury condo on Venice Beach. This unit has fantastic Gulf views, Bay views and city views, private elevator, lobby, club room, full fitness room, pool & spa and auto garage. Owner financing available. Offered at $1,599,000 furnished.
Beach, Bay or Back Nine...Live the Dream
Nick Herron
The Herron Group
RE/MAX Alliance Group
Sent from my BlackBerry Smartphone provided by Alltel

Posted via email from Sarasota, FL Real Estate's Posterous

Wednesday, January 20, 2010

RE/MAX Alliance Group Company Meeting on RE/MAX Technology Tools & updates Looking Ahead for 2010 at the Polo Grill Ballroom

Special guest speaker Richard Flint spoke to the RE/MAX Group about Bouncing Back. Richard's proven techniques included:
•The Simple 6 Step process to Bouncing Back. •How to get out of the "maze of crisis" and back on the road to success. •6 fears that hold people down and keep them from Bouncing Back.
The afternoon will be divided into three different rooms of several sessions on the latest TECH Tips. Beach, Bay or Back Nine...Live the Dream
Nick Herron
The Herron Group
RE/MAX Alliance Group

Sent from my BlackBerry Smartphone provided by Alltel

Posted via email from Sarasota, FL Real Estate's Posterous