Renaissance Condos Downtown Sarasota
November 10, 2008 by Perry Corneau · Leave a Comment
This weekend I was showing downtown condominium properties to a client from Vermont. He was very pleased with the prices. By his estimation the prices are very reasonable. That’s something I have not heard in quite a few years. The client is right. Prices have come down quite a bit. In some areas and properties the prices are nearly half of what they were at the peak. Right now at the Renaissance in downtown Sarasota there are some really great deals. There are some short sales in which two bedroom units are priced as low as $224,000.
The Renaissance is a very good property in a good location but the prices have taken a beating. There are 224 units in the building and there are currently 35 units for sale. Internal competition and the competing units in Alinari next door have driven prices down to the current levels which, I believe are excellent values. The prices are sure to go back up over the next few years. The prices at The Renaissance range from to 4199,995 to $900,000. This year seven condos have been sold at an average price of $358,257.
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I am a Real Estate Broker - Associate with Signature Sotheby's International Realty. I have lived in Sarasota for most of my life and have been a real estate broker in Sarasota since 1988. I am blessed to have the love of my wife Opal and our two daughters, Katie and Victoria. I can be reached on my direct line at 941-650-4626. It would be wonderful to have the opportunity to work with you and earn your trust and friendship.