Luxury Homes are Selling on Casey Key

Luxury Homes are selling on Casey key. So far this year there are five homes under contract (Sale Pending), ten homes have closed, two lots have closed and six condos have sold. The big sale so far this year is 1011 Casey Key Road Nokomis, FL. closing at $7,575,000. We just sold are listing at 3881 Casey Key Road on July 19 and have 325 Casey Key under contract.



SALE PENDING CASEY KEY RESIDENTIAL

PROPERTY LIST PRICE LOCATION
721 Casey Key Road 2,295,000 Gulf Front
3109 Casey Key Road 2,250,000 Gulf Front
2007 Casey Key Road 1,999,999 Gulf Front
1050 Casey Key Road 1,299,000 ----------
325 Casey Key Road 899,000 Gulf Front

Casey Key PROPERTY SALES Year to Date 2011

Property List Price Date Sold Sold Price Location
1011 Casey Key Road 8,900,000 07/15/2011 7,575,000 Gulf Front
135 N Casey Key Road 3,885,000 06/09/2011 3,150,000 Gulf Front
1215 Casey Key Road 3,699,000 05/02/2011 3,050,000 Gulf Front
3206 Casey Key Road 3,195,000 02/28/2011 2,600,000 Bay Front
2880 Casey Key Road 1,950,000 03/28/2011 1,750,000 Bay Front
3881 Casey Key Road 1,900,000 07/19/2011 1,550,000 Gulf Front
400 Casey Key Road 1,795,000 04/26/2011 925,000 Bay Front
405 Casey Key Road 1,300,000 04/12/2011 1,000,000 Gulf Front
3744 Sandspur Lane 1,100,000 06/24/2011 950,000 Bay Front
3800 Blk. Casey Key Lot 1,500,000 06/23/2011 1,100,000 Gulf Front
3112 Casey Key Lot 995,000 03/16/2011 690,000 Bay Front
915 Key Way Drive 650,000 05/04/2011 600,000 Canal
105 Casey Key Road # 14 425,000 03/28/2011 235,000 Condo
105 Casey Key Road # 19 179,900 05/16/2011 160,000 Condo
105 Casey Key Road # 16 175,000 02/14/2011 152,000 Condo
105 Casey Key Road # 27 126,000 04/29/2011 105,000 Condo
105 Casey Key Road # 44 99,000 02/28/2011 90,000 Condo
105 Casey Key Road # 29 99,000 04/28/2011 90,000 Condo


Year to date there are three homes under contract (sale pending) on Manasota Key (Sarasota County portion). Two lots have sold and three homes have sold.

SALE PENDING MANASOTA KEY RESIDENTIAL
Sarasota, County
PROPERTY LIST PRICE LOCATION
6300 Manasota Key Road 1,388,500 Gulf Front
725 N. Manasota Key Road 995,000 Bay front
6421 Manasota Key Road 750,000 Bay Front

SOLD LOTS MANASOTA KEY YEAR TO DATE 2011
Sarasota, County
Property List Price Date Sold Sold Price Location
6160 Manasota Key Road 1,550,000 02/28/2011 1,000,000 Gulf Front
8020 Manasota Key Road 1,495,000 06/27/2011 1,400,000 Gulf Front


HOME SALES MANASOTA KEY YEAR TO DATE 2011

Sold Properties Listed with the My Florida Regional MLS Sarasota, County
Property List Price Date Sold Sold Price Location
6155 Manasota Key Road 1,390,000 02/23/2011 1,350,000 --------
8300 Manasota Key Road 1,250,000 05/05/2011 1,000,000 Gulf Front
8075 Manasota Key Road 449,900 02/28/2011 400,000 Bay Front

BEACH, BAY or BACK NINE....LIVE the DREAM

Nick Herron

The Herron Group - RE/MAX Alliance Group

800.789.6580 / 941.350.5035

NickHerron@comcast.net

http://www.caseykey-real-estate.com/

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

Casey Key & Manasota Key Real Estate Update

Casey Key and Manasota Key, two of Sarasota’s Barrier Islands are located on either side of the Island of Venice. Casey Key is to the North between Venice and Siesta Key. Manasota Key is located South between Venice and Stump Pass. There are a lot of similarities between the two. Two/ Thirds of Manasota Key is in Sarasota County as well as all of Casey Key. Both Casey Key and the Northern two /thirds of Manasota Key are in a conservation district that was established in the early 1970’s by the Florida State Legislature. This with its zoning restrictions will keep the two keys more like they are with no high-rises, just single family homes, except for the few "Old Florida" motels that were grandfathered in at that time.

Casey Key and Manasota Key Real Estate Update as of April 18, 2009.

Casey Key

Active Single Family for Sale 57

Priced from $1,000,000 to $18,500,000

Active Lots for Sale 12

Priced from $334,000 to $12,500,000

Sale Pending 1

Sold this Year 0

Manasota Key

Active Single Family for Sale 45

Priced from $629,000 to $7,500,000

Active Lots for Sale 9

Priced from $675,000 to $17,800,000

Sale Pending 2

Sold this Year 4

You can visit the Herron’s site http://www.caseykey-real-estate.com/ go to In The News and see all the listings on both Casey Key and Manasota Key.

You can also search our neighbor maps of Sarasota to get more detail and virtual tours of the different properties. If you would like to see any of these properties please call the Herron Group, RE/MAX Alliance group, Nick Herron or Kathleen Herron 941-350-5035

Manasota Key Listing

Updated Virtual Tour for Manasota Key Listing - January 2008

Manasota Key is another area where you can really get away from everything. This Florida Key is located south of the Sarasota and the Casey Key area and off Englewood's coast. 6155 Manasota Key Road is located on this wonderful Gulf island. Recently completed, this Manasota Key real estate features custom quality construction and beautiful achitectual appointments. See our new virtual tour and get more information on Manasota Key properties from our listings on Casey Key.

"Beach, Bay or Back Nine . . . Live the Dream" with The Herron Group.