Family-friendly homes were recently featured in the Sarasota Observer. One of the communities they featured is Serenoa Lakes where I currently have three homes listed for sale. Call me today to learn more about Serenoa Lakes. Here's the Sarasota Observer's article that highlights the home located at 7423 Spinosa Court.
http://issuu.com/yourobserver.com/docs/121025010322-420bab30a031446a94d815895ffb05b7/49?zoomed=true&zoomPercent=100&zoomX=0.06618962432915931&zoomY=0.11851415094339622¬eText=¬eX=¬eY=&viewMode=magazine
Monday, November 19, 2012
Monday, November 12, 2012
Now is the time to buy…in The Concession
Now is the time to buy in one of our area's most prestigious gated communities, The Concession. We have a new listing in The Concession that is truly the essence of luxury living. Call us today for details about this estate home. Scene Magazine has featured this top rated golf course and community in this month's issue, see the article here...
http://www.scenesarasota.com/home/296-the-concession-
http://www.scenesarasota.com/home/296-the-concession-
Wednesday, November 7, 2012
Mega Mall Coming to Sarasota
We are enjoying the thriving new shops, restaurants, entertainment and sporting venues along the University Parkway Corridor. The excitement continues as construction begun in recent weeks for the new Mega Mall which will make holiday shopping alot more fun in 2014.
Friday, November 2, 2012
Area Builder Names Builder of the Year
We are so pleased to see that one of our area's finest home builders has been awarded "Builder of the Year" by the Arthur Rutenberg Homes franchise. Here is the announcement:
http://www.arthurrutenberghomes.com/?p=950
http://www.arthurrutenberghomes.com/?p=950
Saturday, October 27, 2012
Lakewood Ranch Tour of Homes is a Must See!
Now thru November 18th Lakewood Ranch is hosting a tour of Homes. On the tour we have two new listings to be sure to visit: Arthur Rutenberg's new model homes in The Lake Club (16018 Topsail Terrace) and Haddington in Country Club East (7311 Haddington Cove) Here is the link to the article: http://www.bradenton.com/2012/10/27/4255002/tour-of-homes-kicks-off-in-lakewood.html#storylink=rss
Wednesday, October 17, 2012
SAR Reports September Sales Cool, But Higher Than Last Year
Members of the Sarasota Association of Realtors® sold 648 properties in September 2012, up almost 14 percent from last September, when only 570 transactions were closed. The figure was down almost 21 percent from the 819 sales in August 2012, continuing the historic trends that normally show a sales lull in the early autumn.
The category totals were 500 single family homes and 148 condos sold, compared to last September when only 430 single family and 140 condos were sold. This summer was an exceptional one for local Realtors® who normally have a respite after the spring season. This year, traffic at open houses has been heavy and multiple offers on available properties have become the norm. Part of the reason for this has been the continuing decline in the inventory of available properties on the market.
"Our inventory is now down to 3,460 – the lowest level since 1998," reported SAR President Laura Benson. "The downward trend in inventory started four years ago, when we had over 9,500 properties for sale. We have a great demand for homes and potential sellers should know it's a great time to list their properties."
The available inventory of homes on the market once again dropped to yet another decade low, about 1 percent below last month's total of 3,504. Last year at this time, the inventory was at 4,430 properties for sale – more than 20 percent higher than the current total.
Pending sales (which represent properties that went under contract during the month) dropped somewhat in September 2012 to 844 from last month's total of 953. But the figure was still higher than last September, when there were 723 pending sales reported. This year's activity is 16 percent higher than last year at this time. Pending sales are a good indicator of future closings.
"There is a lot of good news out there in the Sarasota marketplace, and the real estate industry has returned to a much healthier place than we were four or five years ago," said Benson. "For the agents who experienced the down times, this has become a great period of rebound for the market."
The median sale price for single family homes in September 2012 was almost identical to August 2012 at $169,950, while condo prices surged to $175,400 from last month's $149,000. Last year at this time, median prices were at $165,000 for single family homes and $140,000 for condos.
Examining the longer trend lines, the median price for single family homes for the past 12 months was at $170,000. For condos, the median for the past 12 months stood at $167,250. Last year at this time, the 12-month rolling median prices were at $157,500 for single family homes and $163,000 for condos. The numbers indicate a gradual upward price trend.
For the year-to-date median prices, encompassing the first nine months of 2012, the picture was even brighter - $174,000 for single family and $178,800 for condo. The figures were both higher than last year at this time, when they were at $156,100 for single family and $165,000 for condos (11 percent and 8 percent higher, respectively).
Across the nation, prices are continuing to strengthen, according to the CoreLogic Home Price Index (HPI). The index showed that home prices nationwide, including distressed sales, increased on a year-over-year basis by 4.6 percent last month. This change represents the biggest year-over-year increase since July 2006. The analysis showed that all but six states are experiencing price gains.
The months of inventory remained near 10-year lows. The September figures were 4.4 months of inventory for single family homes and 8.5 months for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last September, there were 6.7 months of inventory for single family homes and 11.1 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
Currently, only 534 properties for sale in the MLS are listed as short sales or foreclosures, down about 6 percent from last month's figure of 570 properties. This represents about 15.4 percent of available properties, down from last month's figure of 16.3 percent and down from the start of the year when the figure represented 17 percent of the market.
Visit my website for more details.
The category totals were 500 single family homes and 148 condos sold, compared to last September when only 430 single family and 140 condos were sold. This summer was an exceptional one for local Realtors® who normally have a respite after the spring season. This year, traffic at open houses has been heavy and multiple offers on available properties have become the norm. Part of the reason for this has been the continuing decline in the inventory of available properties on the market.
"Our inventory is now down to 3,460 – the lowest level since 1998," reported SAR President Laura Benson. "The downward trend in inventory started four years ago, when we had over 9,500 properties for sale. We have a great demand for homes and potential sellers should know it's a great time to list their properties."
The available inventory of homes on the market once again dropped to yet another decade low, about 1 percent below last month's total of 3,504. Last year at this time, the inventory was at 4,430 properties for sale – more than 20 percent higher than the current total.
Pending sales (which represent properties that went under contract during the month) dropped somewhat in September 2012 to 844 from last month's total of 953. But the figure was still higher than last September, when there were 723 pending sales reported. This year's activity is 16 percent higher than last year at this time. Pending sales are a good indicator of future closings.
"There is a lot of good news out there in the Sarasota marketplace, and the real estate industry has returned to a much healthier place than we were four or five years ago," said Benson. "For the agents who experienced the down times, this has become a great period of rebound for the market."
The median sale price for single family homes in September 2012 was almost identical to August 2012 at $169,950, while condo prices surged to $175,400 from last month's $149,000. Last year at this time, median prices were at $165,000 for single family homes and $140,000 for condos.
Examining the longer trend lines, the median price for single family homes for the past 12 months was at $170,000. For condos, the median for the past 12 months stood at $167,250. Last year at this time, the 12-month rolling median prices were at $157,500 for single family homes and $163,000 for condos. The numbers indicate a gradual upward price trend.
For the year-to-date median prices, encompassing the first nine months of 2012, the picture was even brighter - $174,000 for single family and $178,800 for condo. The figures were both higher than last year at this time, when they were at $156,100 for single family and $165,000 for condos (11 percent and 8 percent higher, respectively).
Across the nation, prices are continuing to strengthen, according to the CoreLogic Home Price Index (HPI). The index showed that home prices nationwide, including distressed sales, increased on a year-over-year basis by 4.6 percent last month. This change represents the biggest year-over-year increase since July 2006. The analysis showed that all but six states are experiencing price gains.
The months of inventory remained near 10-year lows. The September figures were 4.4 months of inventory for single family homes and 8.5 months for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last September, there were 6.7 months of inventory for single family homes and 11.1 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
Currently, only 534 properties for sale in the MLS are listed as short sales or foreclosures, down about 6 percent from last month's figure of 570 properties. This represents about 15.4 percent of available properties, down from last month's figure of 16.3 percent and down from the start of the year when the figure represented 17 percent of the market.
Visit my website for more details.
Friday, October 5, 2012
For All You Tennis Fans...
We'd like to remind you to get your tickets for the Bryan Brothers Shootout, Saturday, December 15th at 4:00 pm. The match will be at the Bath and Racquet Fitness Club, 2170 Robinhood Street, Sarasota Florida 34231. The telephone is 941-921-6675.
The doors will open at 3:00 pm and tickets are limited. You can order tickets online at www.premiertennistravel.com.
We look forward to seeing you there.
The doors will open at 3:00 pm and tickets are limited. You can order tickets online at www.premiertennistravel.com.
We look forward to seeing you there.
Monday, September 24, 2012
Greg Hudson Homes Lists Another Home In Serenoa Lakes
Greg Hudson Homes has just listed yet another stunning home in the popular Serenoa Lakes in Sarasota Florida. Comfort and elegance are a perfect combination in this Serenoa Lakes home with lake and golf course views on a spacious ½ acre lot.
With 3440sf in the living area (4604sf total area) there are plenty of flowing spaces both inside and out from the open floor plan to the cabana area off the versatile bonus room. Built by Arthur Rutenberg Homes, the fine architectural details are noticed throughout: decorative niches, dining room built-in china cabinet; leisure room built-in entertainment center; crown moldings, tray and vaulted ceilings.
The kitchen has an open layout with a large island, long seating bar, dining area with aquarium window, and easy access to the formal dining room. It's great for entertaining and complete with wood cabinets, built in wine rack, solid surface countertops, stainless steel appliances and large walk in pantry with plenty of storage.
Enjoy sunny Florida days from your pool and spa while having the option of utilizing a very special added feature: Retractable Sunscreen with UV protection. Outdoor leisure area includes covered lanai, pool bath, kitchen and cabana.
Additional highlights: private den/study, wood floors in most rooms, ceramic tile, central vacuum; surround sound; intercom; 3M Hurricane Film/Energy Efficiency; security system; 3 car side entry garage and spacious driveway for extra guest parking. The 4th BR and Bonus Rm area is an ideal setting for someone looking for private guest quarters or an "in-law" suite.
You can see more about this home at:http://sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15693344
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
With 3440sf in the living area (4604sf total area) there are plenty of flowing spaces both inside and out from the open floor plan to the cabana area off the versatile bonus room. Built by Arthur Rutenberg Homes, the fine architectural details are noticed throughout: decorative niches, dining room built-in china cabinet; leisure room built-in entertainment center; crown moldings, tray and vaulted ceilings.
The kitchen has an open layout with a large island, long seating bar, dining area with aquarium window, and easy access to the formal dining room. It's great for entertaining and complete with wood cabinets, built in wine rack, solid surface countertops, stainless steel appliances and large walk in pantry with plenty of storage.
Enjoy sunny Florida days from your pool and spa while having the option of utilizing a very special added feature: Retractable Sunscreen with UV protection. Outdoor leisure area includes covered lanai, pool bath, kitchen and cabana.
Additional highlights: private den/study, wood floors in most rooms, ceramic tile, central vacuum; surround sound; intercom; 3M Hurricane Film/Energy Efficiency; security system; 3 car side entry garage and spacious driveway for extra guest parking. The 4th BR and Bonus Rm area is an ideal setting for someone looking for private guest quarters or an "in-law" suite.
You can see more about this home at:http://sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15693344
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
Thursday, September 20, 2012
Greg Hudson Homes Hosts Open House This Sunday 1pm - 4pm - at the Merdian at The Oaks Preserve
A completely updated and luxurious Meridian Two residence in one of Sarasota's most prestigious country club communities "The Oaks". This 7th Floor 2BR+Den/Study unit enjoys majestic views of Sarasota Bay, the Gulf of Mexico, Intracoastal Waterway and Preserve areas. Your entryway to this turn-key furnished home begins with a private elevator opening to an elegantly finished foyer. Freshly painted in a neutral palette with exquisite furniture package, new area rugs, and quality light fixtures. The open kitchen with granite countertops, sleek cabinetry, and tile backsplash features brand new "never used" stainless steel appliances. Tranquil evenings with spectacular sunsets may be enjoyed from your living room and spacious balcony with "water feature". The den is set up perfectly for your home-office with a built-in desk, cabinets, and shelving while still accommodating extra guests as needed with a sleeper sofa. The Meridian is complete with it's own private guard gate, resort style pool area, spa, and fitness center. In addition to the full range of amenities available at The Oaks Club: fine dining, casual dining, two championship golf courses, practice facility, 12 Har-Tru tennis courts (4 are lighted), croquet lawn and a junior Olympic size heated pool. All of this among one of the most picturesque and finest clubhouses in Sarasota. Either an Equity or Social membership is mandatory for all property owners in the Oaks Club.
Offered at $575,000
See more at: http://www.premiersothebysrealty.com/eng/sales/detail/245-l-2006-4402928/the-oaks-preserve-meridian-osprey-fl-34229
Tuesday, September 18, 2012
Greg Hudson Homes Just Listed Updated Condo in Cordova Gardens
Greg Hudson Homes has just listed this updated condo in popular Cordova Gardens in Sarasota Florida.
The vaulted ceilings (top floor unit), neutral d?cor, sliding glass doors and windows provide plenty of natural light and create an open spacious setting. Many fine upgrades have been added to this home: custom closets with cabinets, custom cypress storage closet, updated baths, plantation shutters, new doors, new ceiling fans, and dimmer switches throughout for comfortable lighting. The kitchen has been updated with granite counters, custom cabinetry, stainless steel GE appliances, water filtration system, and extra kitchen storage space.
The Master Suite features laminate wood floors and a private retreat which is currently used as a sitting area. The 2nd bedroom may be used as a bedroom or study and is complete with sliding glass doors, laminate wood floors and vaulted ceiling. The covered lanai area accommodates a sitting area and more as it is 25' long.Highlights of this maintenance free community include a heated swimming pool with a paver deck area for entertaining guests, mature trees,lush tropical landscaping,assigned parking
You can see more about this home at:http://sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15669582
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
Monday, September 17, 2012
SAR Reports Real Estate Market Remains Hot In August
Members of the Sarasota Association of Realtors® sold 819 properties in August 2012, up 36 percent from last August as the hot summer sales market in local real estate showed no signs of cooling off.
The breakdown was 587 single family homes and 232 condos sold, compared to last August, when only 445 single family and 156 condos sold (for a total of 601 closed sales). The August sales reversed the July 2012 trend, when sales dropped to 699. July has been a slower sales month for the past few years, but the strong rebound in August was unexpected and welcomed by local Realtors®.
"The old adage says all real estate is local, and in Sarasota, we are experiencing a resurgent, vibrant, energized market - the best we've seen since the end of the boom years in 2006," said SAR President Laura Benson. "SAR members have been reporting incredible sales numbers, and competition for available properties is high due to the very low inventory. My advice to buyers would be to get off the fence - you might miss out on your dream home."
The summer of 2012 has been a busy time for many local real estate agents, with multiple offers common on most properties for sale. Foot traffic has been reported as strong and steady at open houses, and there has been no lull in activity since the end of the traditional season after Easter.
The second quarter in 2012 was statistically the best in seven years, and the third quarter is trending higher as well.
Pending sales (which represent properties that went under contract during the month) also rose in August 2012 to 953, up from July's figure of 919 and June's total of 860. Last August, pending sales stood at 813, so this year's activity was 16 percent higher. Pending sales are a good indicator of the future market sales totals, so September numbers would be expected to best last September when sales dropped to 570.
"We remain significantly ahead of the pace of sales in 2011," said SAR President Laura Benson. "Sarasota is always a great place to buy real estate, in the best of times and the worst of times, so I'm confident in our future market."
The median sale price for single family homes in August 2012 was down slightly from July 2012, dropping to $169,945 from $178,000 in the previous month. The median for the past 12 months was at $169,000 - holding steady from the July figure. For condos, prices dropped to a greater degree - down to $149,000 from $176,000 in July. Condo prices are usually more volatile month to month, which is generally attributed to the level of high-end properties sold in any given month. August saw a lull in higher priced condo sales, and combined with an increase in sales of foreclosures and short sales in the category, the median price saw a 15 percent drop in August. However, the 12-month running median for condos was $163,950, exactly the same as last year at this time.
The available inventory of homes on the market once again dropped to yet another decade low of 3,504, which was almost 4 percent below last month's figure of 3,644. Last year at this time, there were roughly 20 percent more available properties in the local market. Lack of inventory - notably in lower price ranges - is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors® (NAR).
The months of inventory remained near 10-year lows. The August figures were 3.8 months of inventory for single family homes, down from July's 4.5 months; and 5.5 months for condos, down from July's figure of 7.5 months. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last August, there were 6.3 months of inventory for single family homes and 10.2 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
Currently, only 570 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month's figure of 575 properties. This represents about 16.3 percent of available properties, slightly higher than last month's figure of 15.8 percent, but down from January 2012 when the figure was 17 percent of the market.
The breakdown was 587 single family homes and 232 condos sold, compared to last August, when only 445 single family and 156 condos sold (for a total of 601 closed sales). The August sales reversed the July 2012 trend, when sales dropped to 699. July has been a slower sales month for the past few years, but the strong rebound in August was unexpected and welcomed by local Realtors®.
"The old adage says all real estate is local, and in Sarasota, we are experiencing a resurgent, vibrant, energized market - the best we've seen since the end of the boom years in 2006," said SAR President Laura Benson. "SAR members have been reporting incredible sales numbers, and competition for available properties is high due to the very low inventory. My advice to buyers would be to get off the fence - you might miss out on your dream home."
The summer of 2012 has been a busy time for many local real estate agents, with multiple offers common on most properties for sale. Foot traffic has been reported as strong and steady at open houses, and there has been no lull in activity since the end of the traditional season after Easter.
The second quarter in 2012 was statistically the best in seven years, and the third quarter is trending higher as well.
Pending sales (which represent properties that went under contract during the month) also rose in August 2012 to 953, up from July's figure of 919 and June's total of 860. Last August, pending sales stood at 813, so this year's activity was 16 percent higher. Pending sales are a good indicator of the future market sales totals, so September numbers would be expected to best last September when sales dropped to 570.
"We remain significantly ahead of the pace of sales in 2011," said SAR President Laura Benson. "Sarasota is always a great place to buy real estate, in the best of times and the worst of times, so I'm confident in our future market."
The median sale price for single family homes in August 2012 was down slightly from July 2012, dropping to $169,945 from $178,000 in the previous month. The median for the past 12 months was at $169,000 - holding steady from the July figure. For condos, prices dropped to a greater degree - down to $149,000 from $176,000 in July. Condo prices are usually more volatile month to month, which is generally attributed to the level of high-end properties sold in any given month. August saw a lull in higher priced condo sales, and combined with an increase in sales of foreclosures and short sales in the category, the median price saw a 15 percent drop in August. However, the 12-month running median for condos was $163,950, exactly the same as last year at this time.
The available inventory of homes on the market once again dropped to yet another decade low of 3,504, which was almost 4 percent below last month's figure of 3,644. Last year at this time, there were roughly 20 percent more available properties in the local market. Lack of inventory - notably in lower price ranges - is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors® (NAR).
The months of inventory remained near 10-year lows. The August figures were 3.8 months of inventory for single family homes, down from July's 4.5 months; and 5.5 months for condos, down from July's figure of 7.5 months. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last August, there were 6.3 months of inventory for single family homes and 10.2 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
Currently, only 570 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month's figure of 575 properties. This represents about 16.3 percent of available properties, slightly higher than last month's figure of 15.8 percent, but down from January 2012 when the figure was 17 percent of the market.
Tuesday, September 11, 2012
Greg Hudson Homes Lists Designer Home in Sapphire Shores
Greg Hudson Homes has just listed a beautiful designer home in the highly sought after neighborhood of Sapphire Shores in Sarasota���� FL. It is conveniently located within walking distance to the area's cultural gems: Ringling Museum and Asolo Theater. This home's architecture, pristine grounds, lighting and custom block wall with Frank Lloyd Wright Vases is further enhanced by the updated professional landscaping.
The elegant finishes have been ASID professionally selected for this open floor plan that perfectly balances both leisure and formal areas. The spacious foyer accented by faux finished columns and archways to both the formal dining room and open kitchen creates an ideal setting for entertaining. The kitchen is complete with a granite center island, single ogee granite counters and stainless steel appliances.
Plantation shutters, travertine marble floors, new bedroom cabinetry, faux painting and decorative touches are just a few of the highlights. Custom lighting throughout the interior and exterior of this 3 bedroom, 3 bath home adds to the ambiance. The pool and garden area is fenced for privacy with lush tropical foliage and a brick paver dining area.
This home is only a five minute drive from downtown Sarasota, with its many additional cultural amenities, and only 15 minutes from the white sand beaches of Lido Key.
You can see more about this home at: http://sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15640535
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
The elegant finishes have been ASID professionally selected for this open floor plan that perfectly balances both leisure and formal areas. The spacious foyer accented by faux finished columns and archways to both the formal dining room and open kitchen creates an ideal setting for entertaining. The kitchen is complete with a granite center island, single ogee granite counters and stainless steel appliances.
Plantation shutters, travertine marble floors, new bedroom cabinetry, faux painting and decorative touches are just a few of the highlights. Custom lighting throughout the interior and exterior of this 3 bedroom, 3 bath home adds to the ambiance. The pool and garden area is fenced for privacy with lush tropical foliage and a brick paver dining area.
This home is only a five minute drive from downtown Sarasota, with its many additional cultural amenities, and only 15 minutes from the white sand beaches of Lido Key.
You can see more about this home at: http://sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15640535
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
Wednesday, September 5, 2012
The Pinnacle Academy Finds A Permanent Home
The East County Observer has a great article about a good friend and crusader for children with autism. Learn more about the academy and our friend Kirstina Ordetx at http://www.yourobserver.com/news/east-county/Front-Page/0905201221600/Pinnacle-finds-forever-home.
Saturday, September 1, 2012
Greg Hudson Homes Just Listed A Beautiful Pool Home in Cascades in Sarasota FL
Comfort and elegance are a perfect blend in this 5 Bedroom two story pool home in the Riomar community of Cascades at Sarasota. The brick paver entry features lead glass front doors opening to a spacious foyer, volume ceilings, and archways. The formal dining room and casual leisure room glow with warmth from the recently added new flooring. The updated eat-in kitchen showcases quality appliances, granite countertops, and custom wood cabinets. Central Vac system is an added plus to this home. The living area of this home is 3411sf with the 3 car garage and covered lanai area bringing the total square feet to 4500sf. The pool and lanai area of this home have a screened enclosure with an open balcony above. There is also a community pool available. This community is convenient to the new corridor of shopping and dining on University Parkway, easy access to I-75 and schools/medical facilities are nearby. The HOA fees cover basic cable, internet service, ADT security system, community pool, common grounds and lawn watering from reclaimed water.
To see more of this home go to: http://www.sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15593703
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
To see more of this home go to: http://www.sarasotafloridahomesonline.com/template40/nextpage.asp?lnv=15593703
To contact Greg Hudson, call (941) 302-1485 or email him at Greg@GregHudsonHomes.com
Friday, August 24, 2012
Greg Hudson Homes Lists Custom Built Home in Serenoa Lakes
This custom built Tuscany estate home with unique architectural details is designed to capture scenic lake views with expansive windows, zero-corner sliding glass doors, intimate courtyard and a spacious outdoor area. The luxury estate home's 4,971sf floor plan balances areas for formal and casual entertaining. It has dual two-car garages (four car motor court) and covered areas push this home's total square feet to 6,896. The living space includes top quality finishes with 5 Bedrooms, 5 Full Baths, Den, Leisure Room, Living Room, Formal Dining Room, Wet Bar, and Bonus Room. The multi-room master suite features a separate dressing area and a private retreat with built-in cabinetry. The open kitchen features granite countertops, stainless steel appliances, wood cabinetry, and a large center island that provides in-room dining as well as a large prep station. The resort style pool area includes a spa with bridge, spectrum lighting, waterfalls and outdoor kitchen. Situated on an oversized home site (.66 acres) with panoramic lake and preserve views in a gated Sarasota community convenient to Siesta Key, downtown Sarasota & Lakewood Ranch.
See more about this exceptional home here.
Thursday, August 16, 2012
July Sales Continue Hot Streak For Sarasota Real Estate
The Sarasota real estate market remained active and strong in July 2012, with 699 closed sales reported by members of the Sarasota Association of Realtors®. The total was 16.7 percent higher than the 599 sales reported in July 2011. The breakdown was 523 single family homes and 176 condos sold.
The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, but this year higher sales have continued into the summer months. Real estate agents and brokerages have reported a busy and extended season, which resulted in a second quarter in 2012 that was statistically the best in seven years.
Pending sales (which represent properties that went under contract during the month) also rose in July to 919, after dropping to 860 in June. In July 2011, pending sales were at 799, roughly 15 percent lower than this year. Prior to June 2012, the market had seen four straight months that topped 1,000. Pending sales are a major indicator of the future market sales totals.
"The Sarasota real estate market remains a bright spot in Florida and the nation," said SAR President Laura Benson. "We couldn't have asked for a better second quarter, and of course the amazing numbers were not expected to continue indefinitely. But the fact we haven't seen any big drop off in sales, and we are significantly ahead of last year's pace, is great news for our members."
The median sale price for single family homes in July 2012 was almost identical to June 2012, at $178,000, compared to $178,500. For condos, prices dropped somewhat to $176,000, from last month's price spike to $195,000. For both categories, the 12-month running median was much stronger that last year - $168,500 for single family (compared to $156,000 last July), and $167,000 for condos (compared to $162,250 last year).
Single family home prices remained at a level more than 30 percent higher than the low of the market reached 16 months ago ($137,500), while condo prices are almost 40 percent higher than the low point ($127,000). Part of the reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, rose slightly to 32.4 percent from last month's 31 percent level, still one of the lowest totals in the past three years.
The available inventory of homes on the market once again dropped to a new decade low of 3,644, about 4 percent lower than June's figure of 3,816. The local numbers are somewhat similar to national figures, as lack of inventory - notably in lower price ranges - is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors® (NAR).
"It's most encouraging to see a growing number of metro areas with rising median prices, which is improving the equity position of existing homeowners," said Lawrence Yun, NAR chief economist. "Inventory has been trending down and home builders are still under-producing in relation to growing demand."
Yun noted some of the increase can be attributed to a lack of lower-end homes for sale in areas with a tight inventory.
Last year at this time, there were roughly 20 percent more available properties on the market. The months of inventory remained near 10-year lows. The July figures were 4.5 months of inventory for single family homes and 7.5 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last July, there were 6.4 months of inventory for single family homes and 10.7 months of inventory for condos. At the market's low point in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
"Competition for the available properties is high, and that can lead to bidding wars and price escalation," explained Benson. "This is a dynamic market, and the trend lines point to increases in asking prices going forward."
Currently, only 575 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month's figure of 604 properties. This represents about 15.8 percent of available properties, slightly lower than last month, and down from January 2012 when the figure was 17 percent of the market.
The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, but this year higher sales have continued into the summer months. Real estate agents and brokerages have reported a busy and extended season, which resulted in a second quarter in 2012 that was statistically the best in seven years.
Pending sales (which represent properties that went under contract during the month) also rose in July to 919, after dropping to 860 in June. In July 2011, pending sales were at 799, roughly 15 percent lower than this year. Prior to June 2012, the market had seen four straight months that topped 1,000. Pending sales are a major indicator of the future market sales totals.
"The Sarasota real estate market remains a bright spot in Florida and the nation," said SAR President Laura Benson. "We couldn't have asked for a better second quarter, and of course the amazing numbers were not expected to continue indefinitely. But the fact we haven't seen any big drop off in sales, and we are significantly ahead of last year's pace, is great news for our members."
The median sale price for single family homes in July 2012 was almost identical to June 2012, at $178,000, compared to $178,500. For condos, prices dropped somewhat to $176,000, from last month's price spike to $195,000. For both categories, the 12-month running median was much stronger that last year - $168,500 for single family (compared to $156,000 last July), and $167,000 for condos (compared to $162,250 last year).
Single family home prices remained at a level more than 30 percent higher than the low of the market reached 16 months ago ($137,500), while condo prices are almost 40 percent higher than the low point ($127,000). Part of the reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, rose slightly to 32.4 percent from last month's 31 percent level, still one of the lowest totals in the past three years.
The available inventory of homes on the market once again dropped to a new decade low of 3,644, about 4 percent lower than June's figure of 3,816. The local numbers are somewhat similar to national figures, as lack of inventory - notably in lower price ranges - is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors® (NAR).
"It's most encouraging to see a growing number of metro areas with rising median prices, which is improving the equity position of existing homeowners," said Lawrence Yun, NAR chief economist. "Inventory has been trending down and home builders are still under-producing in relation to growing demand."
Yun noted some of the increase can be attributed to a lack of lower-end homes for sale in areas with a tight inventory.
Last year at this time, there were roughly 20 percent more available properties on the market. The months of inventory remained near 10-year lows. The July figures were 4.5 months of inventory for single family homes and 7.5 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last July, there were 6.4 months of inventory for single family homes and 10.7 months of inventory for condos. At the market's low point in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
"Competition for the available properties is high, and that can lead to bidding wars and price escalation," explained Benson. "This is a dynamic market, and the trend lines point to increases in asking prices going forward."
Currently, only 575 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month's figure of 604 properties. This represents about 15.8 percent of available properties, slightly lower than last month, and down from January 2012 when the figure was 17 percent of the market.
Wednesday, July 18, 2012
Sarasota Sales In Second Quarter At Highest Level Since 2005
With 864 closed sales transactions in June 2012, the Sarasota real estate market achieved the highest level of quarterly sales in seven years, with 2,604 sales from April through June. The 864 closed transactions in June was also the second highest total since September 2005, yet another indication of a market that is achieving sales totals not seen since the 2003-2005 real estate surge.
The totals for June were 603 single family homes and 261 condominiums, for the combined 864 closed transactions. Sales were 18.7 percent higher than in June 2011, when there were 728 closed transactions. The June sales almost reached the April 2012 figure of 886, which was the highest total in seven years. The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, but this year the higher sales appear to be continuing into the summer.
However, pending sales (which represent properties that went under contract during the month) did decrease in June, dropping to 860 after four straight months that topped 1,000. Pending sales are a major indicator of the future market sales totals. Last year the pending sales also retreated, from 841 in May to 754 in June, and this meant the spring surge finally did slow down in July. The current numbers seem to indicate there remains strength in the market dynamics through the middle of the summer.
"I've been observing this market for some time, and the enthusiasm of local agents hasn't dropped a bit," said SAR President Laura Benson. "Sarasota is clearly the place to be if you work in the real estate industry. Agents I've spoken to are very, very busy trying to keep up as the buyers explore our market for the best deals."
The median sale price for both categories remained near the highest levels of the year in June. The median sales price for single family homes dropped slightly to $178,500 from last month's figure of $185,000, and higher than the 12-month running median of $167,000. The median sales price for condos was $195,000 – up from last month's figure of $180,750, and still much higher than the 12-month running median prices of $165,000.
Single family home prices remained at a level more than 30 percent higher than the low of the market reached 15 months ago ($137,500), while condo prices are over 50 percent higher than the low point ($127,000). Part of the reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, remained around 31 percent, the lowest level in three years.
For the second quarter of 2012, distressed property sales dropped to 32.4 percent from the first quarter's level of 36.2 percent. The quarterly numbers show a market recovering from the low point in the third quarter of 2010, when distressed sales represented 51 percent of the total.
In addition, the disparity between the median sale prices of distressed properties versus normal market sales has remained fairly steady for the past two years (eight quarters). Non-distressed properties are selling at almost three-times the price of foreclosures, and almost double the price of short sales. In the most recent quarter, the median price of foreclosed single family homes was $93,000, while the median of non-distressed homes was $235,000. Condos are showing a similar ratio - $83,000 for foreclosures, versus $240,000 for normal market sales.
The available inventory of homes on the market once again dropped to a new decade low of 3,816 from last month's figure of 3,917. High sales and low inventory has also dropped the months of inventory to new 10-year lows. The June figures are 4.1 months of inventory for single family homes and 5.2 months inventory for condos – almost identical to May's figures – 4.3 months and 5.2 months, respectively. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last June, there were 5.9 months of inventory for single family homes and 8.2 months of inventory for condos. At the market's low point in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.
"Economics 101 teaches that supply and demand rule a market," said Benson. "As the available properties continue to drop, and competition for them remains high, we would naturally expect asking prices to rise, and that's what we've witnessed. The only things holding back this market at the present time are the higher level of distressed properties, which weighs down on overall prices, and tight credit policies, which limit the number of qualified purchasers."
Currently, only 604 properties for sale in the MLS are listed as short sales or foreclosures, up slightly from last month's figure of 576 properties. This represents about 16 percent of available properties, slightly higher than last month, and down from January 2012 when the figure was 17 percent of the market.
"We have been wading into a seller's market for a few months now, with the months of inventory below 6 months," said Benson. "It will be interesting to see how the next few months unfold in our market. We've had remarkable numbers even with the economy still in relative doldrums, and other tensions in the U.S. and the world. We're usually fairly insulated here in Sarasota because of our tremendous assets – wonderful weather, beautiful beaches and golf courses, and our great cultural climate. I don't see anything stopping this market."
Wednesday, June 20, 2012
Sales In Sarasota Market Continue Hot Pace
The May 2012 numbers are in, and property sales in the Sarasota market once again topped 800 for the third consecutive month. The 854 closed transactions was the second highest total since September 2005, demonstrating once again a market that has recovered to levels not seen since the 2003-2005 real estate surge in Sarasota.
The breakdown was 591 single family homes and 263 condominiums. Sales were 7.2 percent higher than in May 2011, when there were 796 closed transactions. As anticipated, sales were slightly below the April 2012 figure of 886, which was the highest total in seven years. The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, when northern residents begin to exodus the area.
In addition, pending sales (which represent properties that went under contract during the month) remained at the very high level of 1,075, almost the same as April's total of 1,068. It was the fourth straight month that topped 1,000, a major indicator of the future direction of the market. Last year's spring surge didn't slow down until July, and the numbers seem to indicate there remains strength in the current market dynamics.
"I've spoken to many agents who are having a tremendous 2012," said SAR President Laura Benson. "This is certainly the right time to be in the real estate industry in Sarasota. Interest rates hit record lows in May, prices remain relatively low compared to the record surge from 2003 to 2005, and all the wonderful attributes of Sarasota are attracting buyers from across the nation, and the world."
The median sale price for both categories remained near the highest levels of the year in May. The median sales price for single family homes was $185,000 - the highest level since July 2009, almost three years ago. Last month's figure was $175,000. The median sales price for condos was $180,750, a drop from April's figure of $191,750. Both figures were much higher than the 12-month running median prices - $165,000 for single family homes and $160,000 for condos.
Single family home prices remained at a level 34 percent higher than the low of the market reached 14 months ago ($137,500), while condo prices are over 40 percent higher than the low point ($127,000). The reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, remained around 31 percent, the lowest level in three years.
The available inventory of homes on the market dropped to a new decade low of 3,917, dropping 8.5 percent from the April figure of 4,283. High sales and low inventory has also dropped the months of inventory to new 10-year lows. The May figures are 4.3 months of inventory for single family homes and 5.2 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate.
"I've been in our Association for over 15 years and inventories at this level are rare," said Benson. "The market is tightening, and when available properties are at such low levels, the result is normally greater competition for available properties. This scenario tends to escalate prices, so if you're in the market for a home, now is the time to act."
Currently, only 576 properties for sale in the MLS are listed as short sales or foreclosures, down from last month's figure of 621 properties. This represents about 14 percent of available properties, about the same as last month, and down from January 2012 when the figure was 17 percent of the market. As this number continues to decline, median prices will increase because the median prices are higher for market transactions.
"With the pending sales remaining at over 1,000, and the inventory at such a low point, we should see a continuing market surge into the early summer months," said Benson. "The weather service is predicting a hot Sarasota summer, and the real estate market is certainly providing a lot of similar energy!"
Click HERE for the complete press release in PDF format, plus several pages of statistical charts.
The breakdown was 591 single family homes and 263 condominiums. Sales were 7.2 percent higher than in May 2011, when there were 796 closed transactions. As anticipated, sales were slightly below the April 2012 figure of 886, which was the highest total in seven years. The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, when northern residents begin to exodus the area.
In addition, pending sales (which represent properties that went under contract during the month) remained at the very high level of 1,075, almost the same as April's total of 1,068. It was the fourth straight month that topped 1,000, a major indicator of the future direction of the market. Last year's spring surge didn't slow down until July, and the numbers seem to indicate there remains strength in the current market dynamics.
"I've spoken to many agents who are having a tremendous 2012," said SAR President Laura Benson. "This is certainly the right time to be in the real estate industry in Sarasota. Interest rates hit record lows in May, prices remain relatively low compared to the record surge from 2003 to 2005, and all the wonderful attributes of Sarasota are attracting buyers from across the nation, and the world."
The median sale price for both categories remained near the highest levels of the year in May. The median sales price for single family homes was $185,000 - the highest level since July 2009, almost three years ago. Last month's figure was $175,000. The median sales price for condos was $180,750, a drop from April's figure of $191,750. Both figures were much higher than the 12-month running median prices - $165,000 for single family homes and $160,000 for condos.
Single family home prices remained at a level 34 percent higher than the low of the market reached 14 months ago ($137,500), while condo prices are over 40 percent higher than the low point ($127,000). The reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, remained around 31 percent, the lowest level in three years.
The available inventory of homes on the market dropped to a new decade low of 3,917, dropping 8.5 percent from the April figure of 4,283. High sales and low inventory has also dropped the months of inventory to new 10-year lows. The May figures are 4.3 months of inventory for single family homes and 5.2 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate.
"I've been in our Association for over 15 years and inventories at this level are rare," said Benson. "The market is tightening, and when available properties are at such low levels, the result is normally greater competition for available properties. This scenario tends to escalate prices, so if you're in the market for a home, now is the time to act."
Currently, only 576 properties for sale in the MLS are listed as short sales or foreclosures, down from last month's figure of 621 properties. This represents about 14 percent of available properties, about the same as last month, and down from January 2012 when the figure was 17 percent of the market. As this number continues to decline, median prices will increase because the median prices are higher for market transactions.
"With the pending sales remaining at over 1,000, and the inventory at such a low point, we should see a continuing market surge into the early summer months," said Benson. "The weather service is predicting a hot Sarasota summer, and the real estate market is certainly providing a lot of similar energy!"
Click HERE for the complete press release in PDF format, plus several pages of statistical charts.
Wednesday, June 6, 2012
Greg Hudson Homes Just Listed Luxury Condo in The Oaks
Greg Hudson Homes just listed a completely updated and luxurious Meridian Two residence in one of Sarasota's most prestigious country club communities "The Oaks". Click here to see this one-of-a-kind unit: http://ping.fm/qqRx8
Monday, May 21, 2012
Sarasota Realtors Report Sales Hit A New Seven-Year High
There seems to be no stopping the Sarasota real estate market! April 2012 saw yet another seven-year high for monthly sales, hitting 886 total closed transactions. The figure topped last month's 831 sales by 6.6 percent. It was the highest number of sales since August 2005, and when there were 908 total sales.
The breakdown was 589 single family home sales and 297 condo sales. Last April, the totals were 546 homes and 226 condos for a total of 759 overall sales, so the jump was about 17 percent year-to-year.
In addition, pending sales (which represent properties that went under contract during the month) remained very high at 1,068, the third straight month that topped 1,000, and a major indicator of the future direction of the market. Last year's spring surge didn't slow down until July, and the numbers seem to indicate there remains strength in the current market dynamics.
"We've had an incredible string of positive numbers in the Sarasota real estate market, and we hope for a consistently strong market going forward," said SAR President Laura Benson. "I'm hopeful that this will be the case, because we seem to be leading the nation into the real estate market recovery. The national economy continues to improve, employment numbers are better, and we're in the perfect marketplace in Sarasota."
In addition to the amazingly high level of sales, the median sale price for both categories remained at the highest levels of the year in April. The median sale price for condos was $191,750, almost identical to the March figure of $192,000, a level not seen since May 2011. Single family was at $175,000, just above last month's figure of $174,900, and a level not reached since June 2011. Single family home prices remain at a level 21.4 percent higher than the low of the market reached 13 months ago, while condo prices are almost 30 percent higher than the low point.
The reason for the price resurgence is likely tied to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, fell to only 31 percent, down slightly from last month's 32 percent figure - a new three-year low.
Currently, only 621 properties for sale in the MLS are short sales or foreclosures, down from last month's figure of 701 properties. This represents about 14 percent of available properties, down from last month's 15 percent figure. In February 2012, the number was 740 (16 percent of the market), and in January 2012 it was 812 (17 percent of the market). If this percentage continues to trend lower, we could begin to see median sales price increases going forward.
The available inventory of homes on the market dropped to a new decade low of 4,283, even lower than the previous low of 4,408 seen in August 2011. The combination of high sales and low inventory has also dropped the months of inventory to near decade lows. The market now reflects a figure of 4.7 months of inventory for single family homes and 5.1 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Lower inventory and higher sales normally result in greater competition for available properties, which tends to push prices up..
"The decline in the available inventory has been remarkable, and competition for homes and condos generally creates upward price pressure," said Benson. "Buyers and potential buyers should understand that the current market scenario is clear - if you wait, you will miss out. We're at a decade low for inventory, the mortgage interest rates are at the lowest level since the 1950s, and Sarasota remains the nation's perfect place to relocate."
Benson continued, "Every number indicates that we are seeing the virtual opposite of a perfect storm in local real estate. I would call this the perfect opportunity - a market in strong recovery, prices still very low compared to the price surge of 2003-2005, and interest rates at record lows. And SAR Realtor® members are certainly ready to help buyers and sellers achieve their dreams."
Click HERE for the complete press release in PDF format, plus several pages of statistical charts.
The breakdown was 589 single family home sales and 297 condo sales. Last April, the totals were 546 homes and 226 condos for a total of 759 overall sales, so the jump was about 17 percent year-to-year.
In addition, pending sales (which represent properties that went under contract during the month) remained very high at 1,068, the third straight month that topped 1,000, and a major indicator of the future direction of the market. Last year's spring surge didn't slow down until July, and the numbers seem to indicate there remains strength in the current market dynamics.
"We've had an incredible string of positive numbers in the Sarasota real estate market, and we hope for a consistently strong market going forward," said SAR President Laura Benson. "I'm hopeful that this will be the case, because we seem to be leading the nation into the real estate market recovery. The national economy continues to improve, employment numbers are better, and we're in the perfect marketplace in Sarasota."
In addition to the amazingly high level of sales, the median sale price for both categories remained at the highest levels of the year in April. The median sale price for condos was $191,750, almost identical to the March figure of $192,000, a level not seen since May 2011. Single family was at $175,000, just above last month's figure of $174,900, and a level not reached since June 2011. Single family home prices remain at a level 21.4 percent higher than the low of the market reached 13 months ago, while condo prices are almost 30 percent higher than the low point.
The reason for the price resurgence is likely tied to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, fell to only 31 percent, down slightly from last month's 32 percent figure - a new three-year low.
Currently, only 621 properties for sale in the MLS are short sales or foreclosures, down from last month's figure of 701 properties. This represents about 14 percent of available properties, down from last month's 15 percent figure. In February 2012, the number was 740 (16 percent of the market), and in January 2012 it was 812 (17 percent of the market). If this percentage continues to trend lower, we could begin to see median sales price increases going forward.
The available inventory of homes on the market dropped to a new decade low of 4,283, even lower than the previous low of 4,408 seen in August 2011. The combination of high sales and low inventory has also dropped the months of inventory to near decade lows. The market now reflects a figure of 4.7 months of inventory for single family homes and 5.1 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Lower inventory and higher sales normally result in greater competition for available properties, which tends to push prices up..
"The decline in the available inventory has been remarkable, and competition for homes and condos generally creates upward price pressure," said Benson. "Buyers and potential buyers should understand that the current market scenario is clear - if you wait, you will miss out. We're at a decade low for inventory, the mortgage interest rates are at the lowest level since the 1950s, and Sarasota remains the nation's perfect place to relocate."
Benson continued, "Every number indicates that we are seeing the virtual opposite of a perfect storm in local real estate. I would call this the perfect opportunity - a market in strong recovery, prices still very low compared to the price surge of 2003-2005, and interest rates at record lows. And SAR Realtor® members are certainly ready to help buyers and sellers achieve their dreams."
Click HERE
Friday, May 18, 2012
Premier Sotheby’s International Realty Ranked Among Top Brokerages in the Nation
Firm Listed as Top 20 with Highest Average Sales Price
Naples, Fla. (May 16, 2012) ─ Judy Green, President and CEO of Premier Sotheby’s International Realty, Southwest Florida’s leading luxury brokerage, announced today the firm was ranked by 2012 REAL Trends 500 as No. 46 of the Top 500 Brokerage Companies in the U.S. by closed sales volume.
The REAL Trends 500, now in its 25th year, remains the undisputed leader in ranking the performance of residential real estate services firms. Due to requirement of independent verification, REAL Trends 500 is the trusted source for information about the performance of real estate firms.
Under Green’s leadership, Premier Sotheby’s International Realty achieved sales of more than $1.7 billion through the end of 2011, landing it among the top 50 residential real estate brokerages in REAL Trends’ prestigious “Billionaire’s Club.” With a 17.8 percent increase in sales year over year, the firm was also listed as one of the “Top Movers by volume.”
With an average sales price of $761,894, Premier Sotheby’s International Realty was ranked among the top 20 firms with the highest average home sales prices. With 18 offices along Florida’s Gulf Coast and more than 450 associates, the firm was also recognized among the top 40 firms nationwide with the highest productivity per sales associate.
“The firm’s achievements are a true testament to our dedicated and results-oriented associates who have gone above and beyond to help solidify Premier Sotheby’s International Realty’s footprint in Southwest Florida,” said Green. “Our global brand is a strong platform that allows our firm to reach a broad range of buyers internationally and provides us with a highly-regarded reputation for quality client service.”
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Naples, Fla. (May 16, 2012) ─ Judy Green, President and CEO of Premier Sotheby’s International Realty, Southwest Florida’s leading luxury brokerage, announced today the firm was ranked by 2012 REAL Trends 500 as No. 46 of the Top 500 Brokerage Companies in the U.S. by closed sales volume.
The REAL Trends 500, now in its 25th year, remains the undisputed leader in ranking the performance of residential real estate services firms. Due to requirement of independent verification, REAL Trends 500 is the trusted source for information about the performance of real estate firms.
Under Green’s leadership, Premier Sotheby’s International Realty achieved sales of more than $1.7 billion through the end of 2011, landing it among the top 50 residential real estate brokerages in REAL Trends’ prestigious “Billionaire’s Club.” With a 17.8 percent increase in sales year over year, the firm was also listed as one of the “Top Movers by volume.”
With an average sales price of $761,894, Premier Sotheby’s International Realty was ranked among the top 20 firms with the highest average home sales prices. With 18 offices along Florida’s Gulf Coast and more than 450 associates, the firm was also recognized among the top 40 firms nationwide with the highest productivity per sales associate.
“The firm’s achievements are a true testament to our dedicated and results-oriented associates who have gone above and beyond to help solidify Premier Sotheby’s International Realty’s footprint in Southwest Florida,” said Green. “Our global brand is a strong platform that allows our firm to reach a broad range of buyers internationally and provides us with a highly-regarded reputation for quality client service.”
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Wednesday, May 16, 2012
SRQ Adds Nonstop Delta Flights To LaGuardia
Nonstop daily flights from Sarasota-Bradenton International Airport to New York's LaGuardia will start Dec. 15.
Another airline will start to offer nonstop daily flights from Sarasota-Bradenton International Airport to New York LaGuardia starting Dec. 15.
Delta Air Lines will offer those daily flights, which follows the addition of JetBlue flying daily to LaGuardia starting June 11, the Sarasota Manatee Airport Authority announced Tuesday.
Delta's existing flights from SRQ to LaGuardia includes layovers in either Atlanta or Detroit.
"With our new service between Sarasota Bradenton and New York-LaGuardia, our customers will enjoy convenient access to the preferred airport for travelers flying to and from New York," said Joe Esposito, Delta's managing director – domestic network planning in a statement. "And thanks to our new domestic hub at LaGuardia, Delta customers flying to LaGuardia can take advantage of convenient one-stop service to destinations throughout the Northeastern U.S. and beyond."
Read more at: http://sarasota.patch.com/articles/srq-adds-nonstop-delta-flights-to-laguardia?ncid=newsltuspatc00000001
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Friday, May 11, 2012
Greg Hudson Homes Announces Price Reduction in Serenoa Lakes
Greg Hudson of Greg Hudson Homes announces a price reduction in Serenoa Lakes on a custom estate home, 7423 Spinosa Ct...see more about this great value at: http://ping.fm/ZpSxP
Thursday, May 10, 2012
Sarasota Named in Top 10 Turnaround Housing Markets
Move Inc. compiled a list of Top Turnaround Towns for this month, using year-over-year housing data from the first quarters of 2012 and 2011. Many of the cities in the top 25 that have seen the biggest boosts in price appreciation are also seeing a big drop to inventories of homes for-sale. Some of the states that suffered the worst of the foreclosure crisis — such as Florida, Arizona, and California — have cities represented on the list, and are showing some of the biggest signs of recovery.
The following are the top 10 turnaround markets, according to Move Inc.'s report from May (including the year-over-year median list price increases).
See the complete list here: http://realtormag.realtor.org/daily-news/2012/05/10/top-10-turnaround-housing-markets?om_rid=AAA$sg&om_mid=_BPrAyvB8i7CyqZ
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Wednesday, May 9, 2012
Bank of America begins contacting those eligible for reductions
Bank of America began mailing out more than 200,000 letters this week targeting borrowers thought to be eligible for principal-reducing modifications under terms of the recent settlement the company and four other servicers reached with the federal government and 49 state attorneys general.
To be eligible, a homeowner must owe more on the mortgage than the property is worth today and must have been at least 60 days behind on payments on January 31, 2012.
In addition, the homeowner's monthly housing costs must be more than 25 percent of gross household income, and the loan must be owned and serviced by Bank of America or serviced for another investor that has authorized the bank to grant principal writedowns.
Read the entire article at: http://www.dsnews.com/articles/bank-of-america-to-offer-principal-writedowns-200k-delinquent-borrowers-2012-05-08?utm_source=dlvr.it&utm_medium=twitter
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Monday, April 23, 2012
A New Signature for Signature Sotheby’s International Realty
A New Signature for Signature Sotheby's International Realty as Name Changes to Premier Sotheby's International Realty
Southwest Florida's Leading Luxury Real Estate Brokerage Becomes Premier Sotheby's International Realty
Judy Green, President and CEO of both Premier and Signature Sotheby's International Realty, announced today that Signature Sotheby's International Realty has changed its name to Premier Sotheby's International Realty effective April 1, establishing its Southwest Florida footprint under one name.
Together, Premier and Signature Sotheby's International Realty are Southwest Florida's leading luxury brokerage with more than 450 sales associates and 18 offices. The name change will not impact current operations or management. Since merging with Premier Sotheby's International Realty of Naples in November 2010, Signature Sotheby's International Realty, the exclusive affiliate for Sarasota, Manatee and Charlotte counties, has operated under the Signature name and leadership of Green.
In addition to the name change, the firm has unveiled a new, interactive website (www.premiersothebysrealty.com) that enhances the user experience with added search capabilities, including access to search all Sotheby's International Realty's 22,000 listings throughout the globe. The firm has also employed advanced, versatile search options to allow users to define and refine their searches, whether by lifestyle, purchase price or specific amenities such as a wine cellar, guest house, private elevator, etc.
In a continuing effort to market internationally, the website is fully translated in 15 languages for buyers to access listing information in their native language, as well as the ability to calculate the exchange rate in 33 currencies. Additionally, the new website will be the only local real estate site with high resolution images of all listings.
"By uniting the leading luxury real estate brokerages under one name, we enjoy the largest market share in Southwest Florida with over $1.7 billion in sales last year," said Green. "Premier Sotheby's International Realty's name presence in the Sarasota area will bring a new energy within our company and will increase our competitive advantage in the Gulf Coast luxury market as we look to the future."
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Thursday, April 19, 2012
Area Sales in March Hits Seven-Year High
March sales hit seven-year high; median sale prices also up
The Sarasota real estate market saw sales climb to a seven-year high in March 2012, with 831 properties changing hands during the month. Not since September 2005 has the local real estate association seen sales at that level. In addition, pending sales (which represent properties that went under contract during the month) reached the highest level in 12 month, another good indication that the current market surge will continue in the next few months.
"This is amazing news, and our local brokers and agents should be extremely proud of all their hard work and diligence, helping buyers and sellers make their dreams come true," said SAR President Laura Benson. "The strength that the Sarasota market has demonstrated in the past few months has been remarkable, and I'm looking forward to a continuing resurgence in local real estate. Property sales drive so many other elements of the local economy, and that means more jobs, higher salaries, and a better overall community."
In addition to the high level of sales - 596 single family homes and 235 condos sold - the median sale price for both categories hit a high for the year in March. The median sale price for condos was $192,000, a level not seen since May 2011, and was 11 percent higher than last March. Single family was at $174,900, a level not reached since June 2011, and 9.8 percent higher than last March. The reason for the price resurgence is likely tied to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, fell to only 32 percent from 37.4 percent in February 2012 - a three-year low.
Pending sales continue to soar, which signals a likely continuation of a high number of closings in the next 60 to 90 days. A total of 1,191 properties went under contract in March 2012, a level not seen since last March.
Another positive sign was the drop in the available inventory of homes on the market. The number fell to 4,463 from February's total of 4,588. The level is close to the decade low figure of 4,408 in August 2011, and the combination of high sales and low inventory has dropped the months of inventory to eight-year lows.
Not since 2004 has the market seen a figure of 4.8 months of inventory for single family homes and 6.7 months inventory for condos. Lower inventory and higher sales normally result in greater competition for available properties, which tends to push prices up.
"It's great to see that we've come so far from the days of 2008, when the months of inventory hit 25 months for single family and 40 months for condos," said Benson. "The real estate agents who stuck with it through those difficult months are certainly glad they did, now that we've turned the corner."
Single family home prices are now 21.4 percent higher than the low of the market reached 13 months ago, while condo prices are almost 30 percent higher than the low point.
Currently, only 701 properties for sale in the MLS are distressed listings (short sales and foreclosures), or roughly 15 percent of the market. In February 2012, the figure was 740 (16 percent of the market), and in January 2012 it was 812 (17 percent of the market).. If this percentage continues to trend lower, we could begin to see median sales price increases going forward.
"The Sarasota market appears to be leading the nation into a new, dynamic period in real estate," noted Benson. "While no one can predict the future, certainly all the vital signs of the economy have been moving in the right direction for many months, so I'm very hopeful we will see continued growth in our area."
Click HERE <http://r20..rs6.net/tn.jsp?e=0019YT0pDqnYOYrvtCnItXKa7XSqWD9yMv8V4xDhSo4dfhOyaoIiUfVB5DaITlcAKpRb_v49X8WwDHqDY4HJMVGrjIYM1PQebKa98JUMBIcdU8iPKpi6kfpQZwXivExo15pKaR_NlN8LgVVmBSyP-VvK_RkpyoCHtiaA35u-WI9ipS3jdl4Xp0IWbC0SjzH7PkfAZk_c3Zm7ew=> for the complete press release in PDF format, plus several pages of statistical charts.
The Sarasota real estate market saw sales climb to a seven-year high in March 2012, with 831 properties changing hands during the month. Not since September 2005 has the local real estate association seen sales at that level. In addition, pending sales (which represent properties that went under contract during the month) reached the highest level in 12 month, another good indication that the current market surge will continue in the next few months.
"This is amazing news, and our local brokers and agents should be extremely proud of all their hard work and diligence, helping buyers and sellers make their dreams come true," said SAR President Laura Benson. "The strength that the Sarasota market has demonstrated in the past few months has been remarkable, and I'm looking forward to a continuing resurgence in local real estate. Property sales drive so many other elements of the local economy, and that means more jobs, higher salaries, and a better overall community."
In addition to the high level of sales - 596 single family homes and 235 condos sold - the median sale price for both categories hit a high for the year in March. The median sale price for condos was $192,000, a level not seen since May 2011, and was 11 percent higher than last March. Single family was at $174,900, a level not reached since June 2011, and 9.8 percent higher than last March. The reason for the price resurgence is likely tied to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, fell to only 32 percent from 37.4 percent in February 2012 - a three-year low.
Pending sales continue to soar, which signals a likely continuation of a high number of closings in the next 60 to 90 days. A total of 1,191 properties went under contract in March 2012, a level not seen since last March.
Another positive sign was the drop in the available inventory of homes on the market. The number fell to 4,463 from February's total of 4,588. The level is close to the decade low figure of 4,408 in August 2011, and the combination of high sales and low inventory has dropped the months of inventory to eight-year lows.
Not since 2004 has the market seen a figure of 4.8 months of inventory for single family homes and 6.7 months inventory for condos. Lower inventory and higher sales normally result in greater competition for available properties, which tends to push prices up.
"It's great to see that we've come so far from the days of 2008, when the months of inventory hit 25 months for single family and 40 months for condos," said Benson. "The real estate agents who stuck with it through those difficult months are certainly glad they did, now that we've turned the corner."
Single family home prices are now 21.4 percent higher than the low of the market reached 13 months ago, while condo prices are almost 30 percent higher than the low point.
Currently, only 701 properties for sale in the MLS are distressed listings (short sales and foreclosures), or roughly 15 percent of the market. In February 2012, the figure was 740 (16 percent of the market), and in January 2012 it was 812 (17 percent of the market).. If this percentage continues to trend lower, we could begin to see median sales price increases going forward.
"The Sarasota market appears to be leading the nation into a new, dynamic period in real estate," noted Benson. "While no one can predict the future, certainly all the vital signs of the economy have been moving in the right direction for many months, so I'm very hopeful we will see continued growth in our area."
Click HERE <http://r20..rs6.net/tn.jsp?e=0019YT0pDqnYOYrvtCnItXKa7XSqWD9yMv8V4xDhSo4dfhOyaoIiUfVB5DaITlcAKpRb_v49X8WwDHqDY4HJMVGrjIYM1PQebKa98JUMBIcdU8iPKpi6kfpQZwXivExo15pKaR_NlN8LgVVmBSyP-VvK_RkpyoCHtiaA35u-WI9ipS3jdl4Xp0IWbC0SjzH7PkfAZk_c3Zm7ew=> for the complete press release in PDF format, plus several pages of statistical charts.
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Tuesday, April 17, 2012
Big Drop in Homes For Sale Inventory Nationwide
Realtor Magazine is reporting the some markets in the U.S. are seeing a drop in inventory of homes for sales as much as 50%.
Several Florida metro areas are on the list of which our neighbors in Tampa and St. Pete are included. See the whole article at: http://realtormag.realtor.org/daily-news/2012/04/17/inventory-for-sale-homes-posts-big-drop
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Tuesday, March 27, 2012
Home Prices Almost at 2002 Levels
CNNMoney this week reports that the January housing market started the year at a new low, the 5th consecutive month falling since it's peak last fall.
The article is quoted as saying "The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have fallen a whopping 34.4% from the peak set in July 2006."
Read the entire article at: http://money.cnn.com/2012/03/27/real_estate/home-prices/index.htm?hpt=hp_t1
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Monday, March 26, 2012
Sarasota Area Ranked 4th for INternational Buyers
DAILY REAL ESTATE NEWS | MONDAY, MARCH 26, 2012 - Foreign buyers are being lured by the bargain prices in American real estate. So which markets are the most attractive to these international buyers?
Florida continues to be the most popular destination among foreign home buyers, but other states are attracting more foreign interest as well. More than half--58 percent--of international sales in 2011 came from these four states alone: Florida (31 percent), California (12 percent), Texas (9 percent), and Arizona (6 percent), according to National Association of REALTORS® data.
Inman News recently identified the individual markets where foreign buyers make up the biggest share of home buyers. Among the top markets to make the list:
1. Lakeland-Winter Haven, Fla.
2. Cape Coral-Fort Myers, Fla.
3. Orlando-Kissimmee-Sanford, Fla.
4. North Point-Bradenton-Sarasota, Fla.
5. Miami-Fort Lauderdale-Pompano Beach, Fla.
6. Phoenix-Mesa-Glendale, Ariz.
7. New York County, N.Y. (Manhattan)
8. Honolulu
See which other real estate markets topped the list, along with more information about the study, at Inman News.
Source: "10 Hot Spots for Global Homebuyers," Inman News (March 2012)
Thursday, March 8, 2012
Sarasota Named Best Place to Retire To
We all know how great the Sarasota area is and now the rest of the country will as well. Recently Portfolio.com named the SArasota /Bradenton area the best place to retire.
The first wave of baby boomers—men and women born in 1946—will reach retirement age next year. More than 3 million Americans will turn 65 in 2011, the largest group to become eligible for Social Security in a single year.
Most of these prospective retirees are expected to remain in their current homes. Only 4 percent of the nation's 36.8 million senior citizens (65 or older) moved to a new residence in 2008, the latest year analyzed by the U.S. Census Bureau.
But that's still a significant number—1.4 million seniors searching for the ideal place to spend their golden years. Which communities do these retirees find most attractive?
Their No. 1 choice, according to a new study by Portfolio.com, is Bradenton-Sarasota, Florida, which earns the designation as America's most popular retirement destination.
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Monday, March 5, 2012
Just Listed - Another Exceptional Home in Serenoa Lakes in Sarasota Florida.
The Greg Hudson Group has Just Listed another exceptional home in Serenoa Lakes in Sarasota Florida.
Your entryway to this custom estate home begins with a decorative lighted motor court leading up to the two-story Arthur Rutenburg design on one of Serenoa Lake's premier lots. This property is almost 1 acre (40,395sf) situated on a Cul de Sac of only 3 homes. Panoramic views of the golf course, lake, and preserve are captured from your upstairs balcony while your downstairs leisure area offers scenic lake and golf course vistas. A fine quality home featuring: 4453sf living area / 5853sf total area; 4 bedrooms; 4 full baths; 3 car side entry garage; den; living room; family room with direct vent gas fireplace; crown moldings, trim, and tray ceilings; spacious kitchen with walk-in pantry and island; pool and heated Spa with screen enclosure. The upstairs bonus room is generously sized at 31'x21' with vaulted ceiling, wet bar, and balcony. Serenoa Lakes is a luxury gated community of 92 homes on half acre and larger size lots. Ideally located with an easy 15 minute drive to Siesta Key, 15 minute drive to Lakewood Ranch, and 20 minute drive to downtown Sarasota. School District is Lakeview Elementary, Sarasota Middle School, Riverview High School. Serenoa Golf Course (next door) is optional to join.
See the details at: http://mfr.mlxchange.com/DotNet/Pub/EmailView.aspx?r=412430761&s=MFR&t=MFR
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The Greg Hudson Group has Just Listed another exceptional home in Serenoa Lakes in Sarasota Florida.
See the details at: http://ping.fm/vnO0G
See the details at: http://ping.fm/vnO0G
Wednesday, February 29, 2012
Sarasota Tops Livability.com List For Family Vacations
Livability.com, a national website that highlights more than 500 of America's best places to live, has released a list of the top 10 spring break destination places for families. Sarasota was ranked No. 1, mixing white sand beaches and calm blue waters with dozens of entertainment options to create one of the best spring break family destination places.
See the entire list here: http://livability.com/top-10/top-10-spring-break-destinations-for-families-in-2012/sarasota/fl
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Thursday, February 23, 2012
Home Sales on the Rise: Ready for Spring Buying Season?
DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 23, 2012 - Existing-home sales rose 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, marking the third gain for home sales in the last four months, the National Association of REALTORS® reports.
"The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents," NAR's Chief Economist Lawrence Yun says.
While sales ticked up, inventories of for-sale homes also continued to show improvement, NAR reported. At the end of January, total housing inventory fell 0.4 percent to 2.31 million existing homes for sale, which represents a 6.1-month supply at the current sales pace.
"The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers," Yun says. "Foreclosure sales are moving swiftly with ready home buyers and investors competing in nearly all markets. A government proposal to turn bank-owned properties into rentals on a large scale does not appear to be needed at this time."
Unsold listed inventory has steadily dropped since reaching a peak of 4.04 million in July 2007. It now is 20.6 percent below where it was a year ago, NAR reports.
"The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents," NAR's Chief Economist Lawrence Yun says.
While sales ticked up, inventories of for-sale homes also continued to show improvement, NAR reported. At the end of January, total housing inventory fell 0.4 percent to 2.31 million existing homes for sale, which represents a 6.1-month supply at the current sales pace.
"The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers," Yun says. "Foreclosure sales are moving swiftly with ready home buyers and investors competing in nearly all markets. A government proposal to turn bank-owned properties into rentals on a large scale does not appear to be needed at this time."
Unsold listed inventory has steadily dropped since reaching a peak of 4.04 million in July 2007. It now is 20.6 percent below where it was a year ago, NAR reports.
Read the complete article here.
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Thursday, February 16, 2012
Price Reduction at THE LAKE CLUB
Enjoy scenic water views from this distinctive luxury home in a gated and private club community with Tuscan-inspired setting. The St. James, by custom home builder Todd Johnston, features many fine finisheswith a stylish design and Traditional exterior. Highlights include: soaring tray ceilings, crown molding throughout, deluxe trim, top quality kitchen, granite, stainless steel appliances, and gas fireplace. Master suite boasts a spacious walk-in closet with island area. The covered lanai features an outdoor kitchen with wine refrigerator and rotisserie grill. Heated pool and spa with screen enclosure overlook the scenic water view. This community has decorative bridges, brick cobbled streets, wine vineyards, stone fountains, a unique one-mile long park and The Grande Clubhouse with day spa and concierge services. It is just minutes from the Sarasota Polo Club, five premier golf courses, and beaches.
Offered at $899,000
See more at: http://signaturesir-corporate.cmail1.com/t/ViewEmail/r/1B8B727C16E24B65/26C7717D6B6511870CC2E775D3CF5869
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Sarasota Named in Top 10 List of Cities for Moves
DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 15, 2012 -- More people are flocking to the South, according to a list from Penske Truck Rental on the top moving destinations from last year.
Atlanta once again tops the list, which was compiled through online consumer truck rental reservations by Penske from 2011.
"As this list indicates, U.S. residents continue migrating primarily toward warm weather areas," says Don Mikes, Penske's vice president of rental.
Here are the top places the company says people are moving to:
1. Atlanta
2. Phoenix
3. Orlando, Fla.
4. Dallas/Fort Worth
5. Chicago
6. Houston
7. Denver
8. Seattle
9. Sarasota, Fla.
10. Charlotte, N.C.
Source: Penske Truck Rentals
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Monday, February 13, 2012
Sarasota #5 in ‘Turnaround Towns’ in Real Estate
CNNMoney reports Florida's cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com's top 10 turnaround towns, eight are in the Sunshine State.
Number 5 on the list is Sarasota Florida. Read about it here: http://money.cnn.com/galleries/2012/real_estate/1201/gallery.turnaround-housing-markets/5.html
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Monday, February 6, 2012
JUST LISTED -- 4 Bedroom Pool Home on Siesta Key
JUST LISTED on Siesta Key -- The Greg Hudson Group has just listed this beautiful 4 bedroom, 4 bath pool home on Siesta Key in Sarasota Florida.
See it here: http://mfr.mlxchange.com/DotNet/Pub/EmailView.aspx?r=1025021359&s=MFR&t=MFR
Call Greg Hudson direct 941.302.1485
JUST LISTED on Siesta Key -- The Greg Hudson Group has just listed this beautiful 4 bedroom, 4 bath pool home on Siesta Key in Sarasota Florida.
See it here: http://ping.fm/IY01e
Call Greg Hudson direct 941.302.1485
See it here: http://ping.fm/IY01e
Call Greg Hudson direct 941.302.1485
Sunday, February 5, 2012
Who Needs Super Bowl Tix When You’ve Got a Man Cave?
It may sound like a football fan's dream to attend a Super Bowl game live and in person. But really? Indianapolis? In February?
Unless you are a rabid fan of the New York Giants or the New England Patriots — the conference champs who will square off in Super Bowl XLVI on Sunday, Feb. 5 at the Lucas Oil Stadium — there really are better places to watch the NFL title game.
Like, a tricked-out, beer-tapped man cave!
Homes with "man caves" — or rooms with giant TVs, sports memorabilia, wet bars, and comfy couches — have grown in popularity over the years and have become the go-to place on big game days. Or, dare we say big movie nights?
Just in time for the big game, we found some homes for sale with man caves that offer the ultimate place to watch on Super Bowl Sunday. So, sit back, pop a cold one and pass the chips and dip while we tour a few man cave beauties we found.
See all these great caves at: http://www.zillow.com/blog/2012-01-25/who-needs-super-bowl-tix-when-youve-got-a-man-cave/
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Wednesday, February 1, 2012
Price Reduction in Serenoa Lakes
6793 Areca Blvd - Arthur Rutenberg St Augustine IV home on spacious Half Acre lot with privacy, water and preserve view. This impeccable home has an open flowing floor plan with 3682 SF in living area, 4 Bedrooms, Den/Study, Bonus Room and a 3 car side-entry garage. Appointments include: Tile Roof; Kitchen with large center island and wood cabinetry; Ceramic tile throughout the home; Water Conditioner; and a tropical lanai area with pool, spa, cabana, outdoor kitchen, and pool bath. Lush landscaping affords pr ivacy while set on a large lot ( 23,439sf ) in a luxury gated community. Serenoa Lakes is an ideal location with easy 15 minute drive to Siesta Key, 15 minute drive to Lakewood Ranch, and 20 minute drive to downtown Sarasota. Serenoa is a community of 92 homes on Half Acre and larger size lots. School District is Lakeview Elementary, Sarasota Middle School, Riverview High School. Serenoa Golf Course (next door) is optional to join.
Offered at $599,000
See more at: http://signaturesir-corporate.createsend5.com/t/ViewEmail/r/380B82AFFDDD258A/26C7717D6B6511870CC2E775D3CF5869
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Thursday, January 26, 2012
Sarasota Makes Top 10 List For Soaring List Prices
DAILY REAL ESTATE NEWS | THURSDAY, DECEMBER 22, 2011 -- Median list prices nationwide have risen 4.05 percent on a year-over-year basis, according to November housing data of 146 metro areas from Realtor.com. Fewer cities are reporting year-over-year list price declines, "suggesting a growing optimism on the part of sellers about 2012 market conditions," according to Realtor.com.
So where have prices risen the most in the last month? The following are the 10 cities that saw the largest median list price increases from October to November.
1. Central Fla.-Regional Statistical Area
Month-to-month median increase: 5.63 percent
Year-over-year increase: 14.27 percent
Median list price: $169,000
2. Phoenix-Mesa, Ariz.
Month-to-month increase: 4.46 percent
Year-over-year increase: 10.54 percent
Median list price: $164,700
3. Miami, Fla.
Month-to-month increase: 3.60 percent
Year-over-year increase: 29.50 percent
Median list price: $259,000
4. Tampa-St. Petersburg-Clearwater, Fla.
Month-to-month increase: 3 percent
Year-over-year decrease: -2.50 percent
Median list price: $144,200
5. New York, N.Y.
Month-to-month increase: 2.71 percent
Year-over-year decrease: -2.57 percent
Median list price: $379,000
6. Fort Myers-Cape Coral, Fla.
Month-to-month increase: 2.69 percent
Year-over-year increase: 21.63 percent
Median list price: $224,900
7. Iowa City, Iowa
Month-to-month increase: 2.50 percent
Year-over-year increase: 3.02 percent
Median list price: $204,900
8. Tucson, Ariz.
Month-to-month increase: 2.41 percent
Year-over-year increase: 2.41 percent
Median list price: $174,000
9. Sarasota-Bradenton, Fla.
Month-to-month increase: 2.13 percent
Year-over-year increase: 16.56 percent
Median list price: $240,000
10. West Palm Beach-Boca Raton, Fla.
Month-to-month increase: 1.86 percent
Year-over-year increase: 15.26 percent
Median list price: $219,000
By Melissa Dittmann Tracey for REALTOR® Magazine's Daily News
So where have prices risen the most in the last month? The following are the 10 cities that saw the largest median list price increases from October to November.
1. Central Fla.-Regional Statistical Area
Month-to-month median increase: 5.63 percent
Year-over-year increase: 14.27 percent
Median list price: $169,000
2. Phoenix-Mesa, Ariz.
Month-to-month increase: 4.46 percent
Year-over-year increase: 10.54 percent
Median list price: $164,700
3. Miami, Fla.
Month-to-month increase: 3.60 percent
Year-over-year increase: 29.50 percent
Median list price: $259,000
4. Tampa-St. Petersburg-Clearwater, Fla.
Month-to-month increase: 3 percent
Year-over-year decrease: -2.50 percent
Median list price: $144,200
5. New York, N.Y.
Month-to-month increase: 2.71 percent
Year-over-year decrease: -2.57 percent
Median list price: $379,000
6. Fort Myers-Cape Coral, Fla.
Month-to-month increase: 2.69 percent
Year-over-year increase: 21.63 percent
Median list price: $224,900
7. Iowa City, Iowa
Month-to-month increase: 2.50 percent
Year-over-year increase: 3.02 percent
Median list price: $204,900
8. Tucson, Ariz.
Month-to-month increase: 2.41 percent
Year-over-year increase: 2.41 percent
Median list price: $174,000
9. Sarasota-Bradenton, Fla.
Month-to-month increase: 2.13 percent
Year-over-year increase: 16.56 percent
Median list price: $240,000
10. West Palm Beach-Boca Raton, Fla.
Month-to-month increase: 1.86 percent
Year-over-year increase: 15.26 percent
Median list price: $219,000
By Melissa Dittmann Tracey for REALTOR® Magazine's Daily News
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Saturday, January 21, 2012
Open House in Serenoa Lakes Sunday January 22nd
The Greg Hudson Group will be hosting an Open House, this Sunday January 22nd 1-4 p.m. at 6793 Areca Blvd, Sarasota Florida. This 4 bedroom 4 bath pool home includes Den/Study, Bonus Room and a 3 car side-entry garage and water and preserve views.
Call Greg today for information about other homes for sale in this gated community (golf course membership is optional). Direct: 941.302.1485
Friday, January 20, 2012
Housing Inventory Drops Another Six Percent in December
January 19, 2012 (Chris Moore) - The inventory of available homes for sale in the United States continued to drop in December, falling for the seventh consecutive month, while the listing prices for those homes that were available for purchase fell slightly according to the latest data housing of 146 metro areas released by Realtor.com
Total listings of existing homes declined 6.00 percent from November with a total of 1,893,528 single-family homes, condos, townhomes, and co-ops listed for sale in December compared to 2,014,352 in November. The number of homes listed for sale in December was 22.29 percent lower than a year ago.
The median list price for an existing home in December was $188,000, down 1.0 percent from $189,900 in November, but 5.03 percent higher than in December 2010.
Detroit posted the largest year-over-year decline in median list prices for the second consecutive month, falling 11.01 percent below December 2010′s price levels. Chicago, which had posted the largest declines in list prices for the previous four months before Detroit took over that distinction, had a year-over-year decline of 10.00 percent.
Rounding out the top five was Las Vegas, with a 7.62 percent decline, followed by Sacramento and Atlanta with annual list price declines of 6.98 and 6.25 percent, respectively.
Florida continued to dominate the list of metropolitan areas with the largest year-over-year increase in median list prices with four of the top five areas residing in that state. Miami was at the top for the second consecutive month, posting a 32.50 percent gain, followed by Naples, which posted a gain of 21.67 percent.
Fort Myers-Cape Coral, which had posted the largest gains in the median list price for the previous five months before Miami claimed the top spot, was third highest at 21.47 percent. Punta Gorda was next with a 19.42 percent annual median list price increase and Boise City, Idaho, broke into the top five with a gain of 19.25.
Five other areas in Florida experienced double-digit gains in their annual list prices which included West Palm Beach (+18.38%), Sarasota (+17.62%), Daytona Beach (+16.06%), Central Florida RSA (+12.63%), and Lakeland-Winter Haven (+12.28%).
The average number of days that an existing home spent on the market climbed to 122 in December from 114 days in November but was down from 127 days in December of last year. One hundred-nine out of the 146 metropolitan areas required 100 days or more to sell a home, up from 92 in November.
Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 197 days on the market, up from 188 days the previous month. Residents in Oakland had the shortest wait for the third consecutive month, averaging 53 days on the market, up from 49 days the previous month.
Tags: housing inventory, listed homes, home prices, median sales price, average list price
Source:
Realtor.com
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Wednesday, January 18, 2012
Optimism Builds in Housing Market
DAILY REAL ESTATE NEWS | Several recent indicators for the real estate industry are pointing to a market that is on the mend and entering recovery mode.
Housing experts' predictions for the new year tend to center around a market stabilizing before entering a gradual, albeit very slow, recovery. However, the tone is more upbeat than it has been in years for the housing market.
Here are a few of the signs that are showing the market moving in a more positive direction:
Home sales: Existing home sales are expected to increase 12 percent this year, following a 2 percent jump last year, Moody's Analytics predicts. The signs are already showing: In November, pending home sales — a gauge for future home buying — reached its highest level in 19 months, the National Association of REALTORS® reported. (Read more.)
New-home market: Coming off of what could be considered the worst year for new-home building ever recorded, the sector is expected to bounce back this year. New-home sales and starts were already showing a rebound in the last few months of 2011. Moody's is predicting that single-family housing starts will increase 37 percent this year, and new-home sales will soar 74 percent.
Housing stocks: Investors are starting to get optimistic about the possibility of a rebound too, and are turning to home builder stocks. These equities have recently outperformed the broader stock market and the S&P 1500 homebuilding index has increased 38 percent since mid-October, USA Today reports.
Consumer confidence: With mortgage rates at record lows and housing affordability high, about 71 percent of Americans say now is a good time to purchase a home. Also, more Americans are optimistic that home prices will rise over the next year — about 26 percent say prices will rise in 2012, an increase of 4 percent over the last survey, according to Fannie Mae's December National Housing Survey
Source: "Housing Outlook Is More Upbeat," USA Today (Jan. 15, 2012) and "Consumers More Confident, Survey Says," Deseret News (Utah) (Jan. 16, 2012)
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Tuesday, January 17, 2012
Qualifying for the Best Mortgage Rate
DAILY REAL ESTATE NEWS | TUESDAY, JANUARY 17, 2012 - Many borrowers are finding that the record-low mortgage rates advertised recently are out of reach. So how can borrowers snag these best rates — which for the 30-year fixed-rate mortgage alone has been under 4 percent recently? Basically, they need to prove to lenders they are less risk: Lenders offer the best rates to those who they perceive as low-risk borrowers.
Here are ways for consumers to show lenders that they are low-risk borrowers, according to a recent article at The New York Times:
Credit score: According to one mortgage broker, ideal borrowers nowadays have a FICO score of 740 or higher to qualify for the best pricing.
Property types: Buyers of a duplex, four-unit building, or condo may have a rate premium added. Also, lenders will charge borrowers more if they plan to rent out the property rather than live there.
Down payment: Borrowers who put down at least 25 percent will most likely attract the best pricing, lenders say. "Lenders offer different breaks on rates if equity is higher, so you should ask what is available," The New York Times article notes.
Also, borrowers who are able to get a low rate now may want to lock it in if they are heading to closing soon. "Lenders typically agree not to change an offered interest rate for 60 days, but borrowers confident of a quick closing may be willing to accept a 45-day rate guarantee, or even a 30-day lock, in exchange for a small discount, because the transaction's speed helps the lender reduce its risk," The New York Times article notes.
Source: "Mortgages: Shopping for the Best Rates," The New York Times (Jan. 12, 2012)
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Monday, January 16, 2012
More Good News - Want A Home - Buy Now
John R. Talbott, previously a Goldman Sachs investment banker who predicted the housing market collapse 2003, declared that it is now time to buy. He notes that "it is always better to buy at a discount rather than at a historical peak, and these seem like awfully big discounts. And by my calculations, in most cities across the country, real prices adjusted for inflation have just about come into line with where prices were in 1997, before all this crazy bank lending started, so there should be little additional downside risk by buying today." Read the full article here at http://www.huffingtonpost.com/john-r-talbott/housing-market_b_1161186.html.
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Head Of Largest Bank Sees Bottom Of Real Estate Market
USA Today Money reporter Maria Bartirmo intervies Jamie Dimon, head of the largest bank in the US who thinks the housing marlet has bottomed. He pointed to innovation in health care as a testament to America's strength and heft. Read the interview here: http://www.usatoday.com/money/companies/management/bartiromo/story/2012-01-13/maria-bartiromo-jp-morgan-chase-ceo-jamie-dimon/52583386/1
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Spring Training Tickets Starting to Go on Sale
Spring training tickets are starting to go on sale for the Tampa Bay Rays, Baltimore Orioles and other teams in Florida's Grapefruit League.
Single-game tickets go on sale at 10 a.m. Jan. 28 for the Orioles. The Rays haven't specified an on-sale date yet, but according to MLB.com, single-game tickets will go on sale in mid-January.
The Orioles' spring schedule and the Rays' spring schedule include four head-to-head matchups: on Monday, March 5 (split squad) and Friday, March 9 in Charlotte County; and on Tuesday, March 13 and Sunday, April 1 in Sarasota.
The Orioles will host American League rival the New York Yankees in a split squad night game on Sunday, March 18, and they will welcome the Boston Red Sox to town three times: on Sunday, March 11; Friday, March 23; and in a split squad matchup on St. Patrick's Day, which is a Saturday.
See the schedules and more at: http://sarasota.patch.com/articles/spring-training-tickets-on-sale-this-week-b7de28c4
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Four Best Real Estate Moves For 2012
CBSNEWS: (MoneyWatch) Ever since the housing market collapsed five years ago, buyers, sellers and investors have been climbing their way out of the rubble. Things have improved a little, but it's clear we're not there yet.
Even so, there are signs of hope. Existing home sales are up by a large margin compared with the close of 2010. And for those with the cash, credit, and determination, there has never been a better time to buy a home or apply for a mortgage or refinance.
Mortgage interest rates are at all-time lows, hovering at or under 4 percent for a 30-year fixed loan. Last Thursday, Freddie Mac reported that mortgage interest rates matched the all-time low.
With some careful planning, a little research and a lot of persistence, you can avoid housing market misery in 2012, and come out on top.
Here are four best real estate moves you'll want to make this year:
1. Surround yourself with experts
No matter your goal - a first home, a refinance, reverse mortgage or the purchase of an investment property - you will need a little help from qualified professionals who can help you navigate the rough real estate waters.
Having a good experience starts with hiring someone who has been around this block many times before. So find yourself a very experienced real estate agent who can list your property or help you find the right new home.
But you'll also need to secure the services of trusted experts who can help you seal the deal. Look for a great mortgage lender, real estate attorney (especially if you're buying a foreclosure or short sale or are selling in a short situation), home inspector and tax advisor (for real estate investors).
Putting together the right team can go a long way toward helping you make sound real estate decisions in the coming year.
Read the read of the list at: http://www.cbsnews.com/8301-505145_162-57348884/4-best-real-estate-moves
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Sunday, January 15, 2012
7 Tips for Buying in a Tight Market
It's our busy winter season here in Sarasota Florida and I wanted to share with you some tips on how to avoid the frenzy and make a smart decision.
Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.
1. Get pre-qualified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.
2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.
3. Scout out new listings yourself. Look at Web sites such as REALTOR.com, browse your local newspaper’s real estate section, and drive through the neighborhood to spot For Sale signs. If you see a home you like, write down the address and the name of the listing agent. Your real estate agent will schedule a showing.
4. Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer.
5. Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t go too low to get a deal. In a tight market, you’ll lose out.
6. Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period.
7. Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.
OK, have any questions? I hope this will give you something to think about.
Call Greg Hudson direct 941.302.1485
Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.
1. Get pre-qualified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.
2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.
3. Scout out new listings yourself. Look at Web sites such as REALTOR.com, browse your local newspaper’s real estate section, and drive through the neighborhood to spot For Sale signs. If you see a home you like, write down the address and the name of the listing agent. Your real estate agent will schedule a showing.
4. Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer.
5. Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t go too low to get a deal. In a tight market, you’ll lose out.
6. Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period.
7. Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.
OK, have any questions? I hope this will give you something to think about.
Call Greg Hudson direct 941.302.1485
Wednesday, January 11, 2012
SAR Reports Property Sales Up 8.2 Percent For Full Year 2011
For the full year 2011, property sales of members of the Sarasota Association of Realtors® jumped by 8.2 percent to 8,224, achieving the highest level since 2005. The surge in sales was accompanied by stabilization in the median sale prices, which now stand at $155,925 for single family homes and $156,800 for condos over the full year, and have not fluctuated much for the past 12 months.
Once again, the market has demonstrated that Sarasota is a destination of choice for many homebuyers. For the overall year of 2011, the resurgence in sales was dramatic, and represents a 44 percent increase over the low point of the downturn in 2008, when only 5,820 properties changed hands.
"This is really incredible news, and demonstrates how far this market has improved in only three short years," said SAR President Laura Benson. "Now, we also offer very affordable pricing. Combined with the high quality of homes and condos on the market, I think we clearly have the best values in Florida, without question."
Property transactions in the Sarasota real estate market jumped 7.3 percent in December 2011, compared to the November totals. Combined sales stood at 648, up from last month's figure of 602 and the October 2011 sales of 577. 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.
The inventory of available properties for sale in Sarasota was at 4,567 in December, down slightly from the 4,672 in November. The inventory fell to a 10-year low of 4,408 in August 2011. As the inventory has slid, the months of inventory has dropped and now stands at 6.3 months for single family homes and 9.2 months for condos. A figure of 6 months is considered equilibrium between a buyer's and a seller's market.
The December 2011 median sale price for condos recovered strongly to $150,000 from November's figure of $127,000. This was the highest level since August 2011. Condo prices have been fluctuating for several months, with the year-to-date median sale price at $156,800.
For single family homes, the median sale price dropped slightly in December to $160,000 from $162,000 in November 2011. For the overall year, the figures have remained remarkably steady, indicating a stabilizing market.
"There is a real sense of optimism and excitement returning to the market," Benson noted. "We're entering the height of the season, and the open houses have been bustling with energy and interest. Recent news of new home sales doubling in one community and setting records for annual sales in another are clear signs of the strength of the current market."
Pending sales were at 694 in December 2011, down slightly from the November 2011 number of 782. Last month, 504 single family homes and 190 condos went under contract.
Distressed property sales continued to represent a higher percentage than normal in the local market for the fourth quarter of 2011. In total, 41.7 percent of sales in the fourth quarter were distressed property sales (foreclosures and short sales). This was somewhat higher than the third quarter, when the overall percentage was 38.8 percent, but well below the market high of over 50 percent in the second quarter of 2010.
Median sale prices continued to show three distinct markets, with normal market transaction sales prices more than double those for bank-owned transactions. But the price gap has narrowed somewhat, particularly during the past two quarters. For the second quarter of 2011, foreclosed condos sold for a median price of $62,250, while market condo transactions saw a $270,000 median. For the quarter just ended, those prices were at $73,500 and $193,500, respectively.
"Realtors® and consumers have adjusted to the market realities, and it appears that pricing in all categories has become more reflective of the current conditions," said Benson. "We continue to watch and hope for a break in the distressed property cycle, and we anticipate the improving economy and lower unemployment rate will eventually bring these figures down to lower levels. The positive side is that our market offers incredible buying opportunities that won't last long."
Click HERE for the complete press release in PDF format, plus six pages of statistical charts.
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