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Commentary Provided byDan Jasmer & Marnie Matarese If you can qualify, now is an exceptional time to buy a home in Siesta Key. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Dan 941-284-9893 & Marnie 941-809-8099 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Sarasota | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 90-120 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $550,000 - View Graph Trend | ||
| Best Selling Price Range | $450,000 - $499,000 | ||
| Worst Selling Price Range | $150,000 - $199,000 | ||
| Compared to Last Year | Down 10-15% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Less than 5% of total active listings on Siesta Key are distressed sales. Some bank owned properties are receiving multiple offers. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Siesta Key is | No Change | ||
| Seller Activity for the past 90 days in Siesta Key is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Siesta Key? | Yes | ||
| Comments on Financing For Qualified Buyers | Financing is available, however, the purchase of certain condominium products may require upto a 40% downpayment. | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Siesta Isles, Our House at the Beach and Gulf and Bay Club are seeing nice activity. | ||
| Reason to Buy/Sell | Siesta Key was rated the #2 beach in the United States for 2009! Sarasota was aslo featured on the Today Show as the #1 place to purchase property in the country! Lower prices, good selection and competitive interest rates creates a perfect time to buy in Siesta Key and Sarasota! | ||
| Average Sold Price | $550,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Dan Jasmer & Marnie Matarese
RE/MAX Excellence Longboat Key, Florida Dan 941-284-9893 & Marnie 941-809-8099 siestakey@agents.househunt.com Agent Home Page 
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Siesta Key Local News
News for Siesta Key, FL - Wednesday October 28th, 2009 11:38am
Siesta Key, FL. what a great 2009!
Siesta Key beach, located in Sarasota Florida had it's day in the sun as it made the #2 beach in the United States! This year Stephen Leatherman, known as Dr. Beach, named Siesta Key's beach as the second-best in the nation.
"I use 50 criteria to rate every beach, and in terms of sand alone Siesta Key is definitely the best in the world," Dr. Leatherman said. Science backs up the hyperbole: Siesta Key's beach is 99 percent quartz, which stays consistently cool and silky even in the peak of summer.
Siesta Key's downtown area which is better known as "The Village" by locals, received a multi-million dollar facelift during the offseason. Overhead utilities were buried, charming street lights, signage, paver sidewalks and lush landscaping were aslo added.
The main roads on the island were also recently paved finishing the over all make over.
There are plans in the works to make changes to the public beach parking lot which will add parking spaces and also some needed shade to the parking lot by adding oak and palm trees. Keep checking our site for updates on this proposed plan. We are hoping that it comes to fruition!
Season is right around the corner and we expect that the real estate market will continue to strengthen. We have seen solid sales through summer and into this fall which is usually a slow time for real estate in the area.
Inventory levels continue to decline and we hope this trend continues as it will ease the property value declines expreinced over the past 3 years.
We welcome your comments and questions regarding Siesta Key, Longboat Key and Sarasota Florida!
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Dan 941-284-9893 & Marnie 941-809-8099
