Sarasota Inventory Levels

At your service...

Shayla Twit

Thursday, February 25th, 2010 at 10:30am. 50 Views, 0 Comments.

Are you thinking of purchasing or selling?  Or know someone who may be?  I am at your SERVICE....

* As we all move through the challenges of this market, I have become an expert in dealing with your short-sale and foreclosure  needs on either the purchasing or selling side.

* Have been selling real estate since 2001 and have a very supportive partner and staff.

* Am with a company that has been around for over 30 years and has an impeccable reputation in the community.

* Have experience in the insurance side of real estate, as I was licensed for a period of time with State Farm.

* Have a B.S. degree in Business Administration from UW-Stevens Point.

* Enjoy what I do and feel that it comes across in my high level of service and communications with my clients.

*…

January sales stats for Sarasota real estate market

Shayla Twit

Wednesday, February 17th, 2010 at 11:17am. 72 Views, 0 Comments.

Highlights for Sarasota's January sales stats for the area real estate market:
 
* January sales were up 58% from this time in 2009.
* And at over 800 properties Pending, this figure is the highest since Oct 2009.  Pending sales means that they have a fully-executed contract and are awaiting a closing.
* When we compare Jan '09 sales to Jan '10, Sarasota saw an increase of 187 transactions; a strong start to the new year!!
* Median sales prices in the Sarasota market dipped in Jan for both single family homes as well as condos.
* Median RSF closed at $156,250 [down from $160k] and condos closed at $165k [down from $189,900].
* These prices are due to the high percentage of short-sales and bank-owned sales.
* The increase in distressed sales rose 48% from Dec '09.
*…

Foreclosure update

Shayla Twit

Thursday, February 11th, 2010 at 8:57am. 53 Views, 0 Comments.

Sarasota area Foreclosure update:
* Manatee County foreclosures skyrocketed 150% !!
* Looks like the prediction of a new wave of foreclosures is coming to fruition for our area.
* Prices have come down and sales have been consistently UP.
* Sarasota County saw a decrease in the number of foreclosure filings, down 33% !!
* Charlotte County, one of the highest rates for our area, saw a 44% increase from a year ago.
* The cause?  The unemployment rate; now in the double-digits.
* Some economists predict our market to stabilize by 2012.
* In looking at the nation as a whole, Nevada appears to remain the highest foreclosure rating for the 37th straight month... more than 4 times the national average.
* Florida and California have nearly the same per capita filing rate;…

First-Time Homebuyer's Tax Credit.... and Info to Sellers

Shayla Twit

Wednesday, February 3rd, 2010 at 1:20pm. 49 Views, 0 Comments.

1 - Here is what you need to know about the tax-credit for first time BUYERS:
* Of course you must be a first-time buyer.
* The Home Buyers' tax credit calls for the home to be under contract no later than April 30, 2010.
* The closing MUST occur by June 30, 2010.
* You will receive a tax credit in the amount of $8000 when you file your tax returns.
* Also... interest rates are predicted to rise after the Fed ends its purchase of mortgage-backed securities on March 31st.
* Here is a great website to assist in answering any other detailed questions: http://www.federalhousingtaxcredit.com
 
 
2 - SELLERS:
If you are thinking of selling your property in the Sarasota or Manatee County areas, I would love the opportunity to assist you.  Here are just a few of the…

Sarasota Real Estate Market Update

Tuesday, February 2nd, 2010 at 8:16am. 51 Views, 1 Comments.

Here are the inventory, sales and pending sales figures for the last 3 years for Sarasota county ending December 2009. Inventories have declined nicely. Compared to 3 years ago inventory levels are down 42%, sales are up 84%, and lending sales are up a whopping 121%. Sarasota houses are selling and the number of options for buyers are dwindling. 

If we can help you buy or sell a home in Sarasota give us a call at 941.812.6272.

Is The Sunshine State Back?

Thursday, January 28th, 2010 at 12:20pm. 143 Views, 1 Comments.

Here is an interesting article from themovechannel.com talking about the comeback of Florida.

South West Florida

This region of Florida enjoys relatively uncongested areas. It is sophisticated, less crowded than the east coast and there are some real bargains here.

Sarasota was recently highlighted on NBC as the number one place in the whole of the USA to buy a home. The city is known as ‘the Jewel of the West Coast of Florida' because of its fine restaurants, beaches, theatres, arts, shops and lifestyle. Having seen a down market for prices in 2007 and 2008, Sarasota is now in full recovery mode. Prices are at 2002/2003 levels and the market between buyers and sellers is rapidly moving into equal balance. For the year to July 2009,…

Housing prices are highest in six months

Shayla Twit

Thursday, January 28th, 2010 at 10:41am. 45 Views, 0 Comments.

December prices in the Sarasota-Manatee County area were up by about 5% from a year ago.  The median prices was $167,400, which is up 11.8% from November's median sales figures. 

The rise in prices have brought out potential buyers who had previously been on the fence.  The increase is also important to the recovery of our local economy.  And with home equity on the rise, it increases the buyer's mindset as to the future potential values of their properties.  In turn, we hope it will stimulate the local economy as well.

We are also starting to see investors come into the market, which is a great sign to the turnaround of the market. 

"Oh, By the Way... if you or someone you know is considering a purchase or selling, I would love the opportunity and am never…

December sales stats for Sarasota real estate market

Shayla Twit

Wednesday, January 13th, 2010 at 2:24pm. 68 Views, 1 Comments.

Sarasota bucks national trend with best sales report in 33 months:

Here are some of the highlights...

  * In December 2009, the Sarasota real estate market saw the most closed transactions since March 2007, a 33 month span

  * Overall sales were also 52% higher than December 2008

  * Median sale prices were also up last month for both single family homes and condos

  * The overall number of closed sales in 2009 stood at 6,699, compared to only 5,459 in all of 2008, for a 22.7% increase

  * For local Realtors®, the monthly and annual trend stands in contrast to the national picture. Sales nationally have slowed during the early winter months, but not in Sarasota.

  * SAR President Erick Shumway said, "Sales are continuing to rise, and we're starting to see a…

mortgage rates and the new year

Shayla Twit

Wednesday, December 30th, 2009 at 2:09pm. 96 Views, 1 Comments.

First of all... Happy New Year to you!  May 2010 be the best yet!For those who are curious about the current mortgage interest rates, here they are:a} Conforming rates:* 30 Yr Fixed Rate - 5.25% and 0 points* 15 Yr -  4.75% and 0 points* 5/1 ARM - 4.25% and 0 pointsb} Jumbo rates: * 30 Yr Fixed Rate - 5.75% and 0 points* 5/1 ARM - 5.00% and 0 points

"Oh, By the Way... if you or someone you know is considering a purchase or selling property, I would love the opportunity and am never too busy for any of your Referrals."

SHAYLA TWIT, Michael Saunders & Company, c 941.544.7690, w 941.951.6660, ShaylaTwit@MichaelSaunders.com

Happy Holidays

Shayla Twit

Wednesday, December 23rd, 2009 at 7:51am. 66 Views, 0 Comments.

Happy Holidays from Michael Saunders & Company and Shayla Twit, Realtor.

ShaylaTwit@MichaelSaunders.com, 941.544.7690