All Posts By

Alex Krumm

Sarasota Property Group
Blog
July 5, 2009

Colonial Oaks Home Sells For $205,000!

This month we closed our listing at 5539 Wilde Oak Way for $205,000 - which is good news for sellers in Colonial Oaks! There are currently as many pending listings as there are actives in that neighborhood, which is much better than the county average; the market continues to look like it's stabilized. We had tons of showings on this property and the closing was one of the easiest we've…
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Sarasota Property Group
Blog
June 12, 2009

Home sales once again top 500 in Sarasota market!

Overall home sales in the Sarasota real estate market exceeded 500 for the second time since June 2008, inventory levels dropped, and the median sale price for both single family and condominiums stabilized in May 2009. These statistics all point toward a normalization and moderation of the market following a more volatile period during the past two years. The overall sales level of 506 included 375 single family homes and…
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Sarasota Property Group
Blog
June 1, 2009

Pending sales soar to 981 in April 2009; sales top 500 mark for 3rd Straight Month

The number of properties reported pending skyrocketed to 981 in April 2009 in the Sarasota real estate market, the highest since the boom years of local real estate in the 2003-2005 period and topping the previous month by 21 percent. Overall sales climbed over the 500 level – the first time since June 2008 – and the median sale price for both single family and condominiums rose above the March…
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Sarasota Property Group
Blog
April 16, 2009

Sales Increase 33% Over Last Month; Median Sales Price Rises

The Sarasota real estate market saw sales rise to the highest level of the year in March 2009, besting the previous month by 33 percent. In addition, the median sales price for single family homes rose after steadily declining since late last year, indicating a potential sign of the bottoming of the local market! See the stats at: http://www.sarasotapropertygroup.com/pages/marketstats.html
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Sarasota Property Group
Blog
April 9, 2009

Help for distressed property owners

In an ongoing effort to help property owners who are in trouble  financially all the sales staff at Sarasota Property Group recently attended coursework giving them the Certified Distressed Property Expert Designation.  The knowledge gained from this course empowers them to do an even better job in marketing short sales and getting contracts approved by the lenders involved.  If you know of someone who is having trouble making their house…
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Sarasota Property Group
Blog
April 6, 2009

some great real estate news!

March Sarasota market statistics were up dramatically over the same month last year.  March 2009 single family residence closed sales were 262 compared to only 203 during March of 2008, and 134 condominiums sold compared to 115 in March of 2008.  The dollar volume, however, was way down, reflecting the huge increase in activity in the lower price ranges  and the reduced activity in the higher ranges.  Total number of…
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Sarasota Property Group
Blog
March 25, 2009

February '09 – More Pending Sales Than We've Had In 3 Years!

Following lots of good news in the media, the housing market got another much-needed boost in February! Pending sales (houses under contract to be sold) rose to 782 last month - the highest level since April 2006. Several factors contributed to this number, including the $8,000 first-time homebuyer tax credit, extremely low interest rates, and affordable housing prices. In other good news, another important tracker, the absorption rate of properties…
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Sarasota Property Group
Blog
March 20, 2009

January 2009 Stats – Bucking the Trend?

Our latest market statistics show a promising uptick in activity, and from our perspective, we're seeing it also. Pending sales jumped almost 18% over January of last year; the buyers are back in town and many have decided that it's the time to buy. New housing starts are also way up, which means that home builders are starting to see more activity and community growth isn't far behind.  View the…
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Sarasota Property Group
Blog
March 19, 2009

12017 Slough Rim Road

Re/Max brought both the buyer and the seller for this deal -- the first sale in Bern Creek Ranches in over a year!  Financing is tough to obtain in this market, but we were able to get the job done.  There are fantastic deals in the marketplace right now, particularly with larger country properties.
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Sarasota Property Group
Blog
March 14, 2009

Proof Positive That There Is Always Hope in the Marketplace!

We got this short sale listing under contract in only 15 days - and we closed this afternoon! The sellers are now happily living in Colorado and the buyer is very satisfied with his cozy Florida bungalow. We hear a lot about "doom and gloom" in the media, but with the right help, anything is possible. This one was a win for everyone!
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