All Posts By

Alex Krumm

Sarasota Property Group
Blog
October 11, 2009

US News and World Report – Sarasota In Top-10 Most Undervalued Cities in America!

This month, US News and World Report named Sarasota, Florida one of the top-10 most under-valued cities in America. With a median home-price of $141,000, USNAWR estimates that Sarasota's properties are on average 28% undervalued. Home prices here are at last incredibly cheap for out-of-state owners; first-time buyers and down-sizing sellers can find real bang for their buck. Investors have started to flip again and we saw a 13% increase…
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Sarasota Property Group
Blog
October 7, 2009

The Today Show: Sarasota Is The #1 Place in the US To Buy A Home

Thanks, Today Show, for telling the country what so many of us already know: Visit msnbc.com for breaking news, world news, and news about the economy Home sales are surging at an incredible pace as the national economy rebounds; the average sale price went up 13% in the last quarter, inventory is at its lowest point since before the boom (yes, BEFORE the boom) and buyers are getting into bidding…
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Sarasota Property Group
Blog
September 15, 2009

August Property Sales Up 20 Percent Over Last Year in Sarasota Market

August 2009 saw an almost 20 percent increase in local property sales than reported in August 2008, most likely fueled by the $8,000 first-time homebuyer tax credit, an economy in the midst of recovery after a two-year recession, and continuing low interest rates. Total sales nearly reached the 500 level again, with 496 properties changing hands. The total included 382 homes and 114 condos. This compares to 329 homes and…
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Sarasota Property Group
Blog
September 15, 2009

Sales in July 2009 up 29 percent over July 2008 in Sarasota market

The Sarasota real estate market in July 2009 was substantially healthier than last year at this time, with total unit sales up 29 percent to 595, and the months of home supply on the market once again dropping to levels not seen in three years.  There were 450 single family and 145 condos sold in July, compared to 331 and 130 last July. July 2009 sales were only slightly lower…
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Sarasota Property Group
Blog
September 4, 2009

August in Colonial Oaks – Not Much Action, But Things Are Looking Up

Following on the footsteps of an incredibly busy July, August activity took a step back and slowed down - but it certainly didn't stop. Although there were no closings this month, four more properties went under contract and several of the short sales are slated to close in August or September. Three new listings came on the market, bringing the grand total of available properties to only six listings. Only…
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Sarasota Property Group
Blog
August 14, 2009

July 2009 – More Good News!

July was another great month in Colonial Oaks! We've seen a dramatic increase in activity over the last few months and it looks like the market may finally be stabilizing - which is good news for homeowners everywhere. As of this posting there are only six actively listed homes - which is a marked decrease from months past. Eight homes are pending contract and four closed, leading to just a…
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Sarasota Property Group
Blog
August 13, 2009

June 2009 – Are Things Stabilizing?!?

June was a great month for real estate in Colonial Oaks! We've seen a dramatic increase in activity over the last few months and it looks like the market may finally be stabilizing - which is good news for homeowners everywhere. As of this posting there are only eight active listings in Colonial Oaks; this is far fewer than we've had over the past few years and is thanks to…
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Sarasota Property Group
Blog
August 1, 2009

Welcome to the bottom: Housing begins slow rebound (Associated Press)

It was - note the past tense - the worst housing recession anyone but survivors of the Great Depression can remember. From the frenzied peak of the real estate boom in 2005-2006 to the recession's trough earlier this year, home resales fell 38 percent and sales of new homes tumbled 76 percent. Construction of homes and apartments skidded 79 percent. And for the first time in more than four decades…
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Sarasota Property Group
Blog
July 28, 2009

Tell Me Again Why I Bought My House?!?

So I'm sitting in my office writing a price opinion for a neighbor, and I realize that although his house is a little bit nicer than mine ... I paid a whole lot more than he’s going to get. That little voice inside my head (you know the one) screams at me again, as it's done so many times before: "Tell Me Again Why I Bought My House!" I scream,…
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Sarasota Property Group
Blog
July 21, 2009

Signs of Stabilization?

Signs of Stabilization? Home sales in the Sarasota real estate market rose above the 600 level for only the second time in 26 months in June 2009, while the median sale price rose for both single family and condos, once again demonstrating a market in the initial stages of recovery. Inventory levels once again dropped markedly, and the months of home supply on the market (a key indicator) - the…
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