Five Points Roundabout
May 21, 2009 by Perry Corneau · Leave a Comment
[googlemaps http://maps.google.com/maps/sv?cbp=12,198.84,,0,5&cbll=27.336437,-82.542656&v=1&panoid=&gl=us&hl=&w=425&h=240] This Summer the City of Sarasota will begin the work of installing a roundabout at Five Points on Main Street in Downtown Sarasota. Additional roundabouts will also be created at the corners of Orange Avenue and Alderman Street and at Ringling Boulevard and Palm Avenue. The total cost of the three Roundabouts are expected to [...]
ShareHome Builders Confidence Improves
May 19, 2009 by Perry Corneau · 1 Comment
For each of the past two months confidence among home builders has been reported to be on the rise. Share
ShareSarasota Foreclosures
May 14, 2009 by Perry Corneau · Leave a Comment
After a brief moratorium on bank foreclosures we are seeing a spike in foreclosure activity. March foreclosure activity amounts to a 40 percent increase over previous months. Other market indices point to a market recovery so current foreclosures make for wonderful opportunities for smart investing. If you are interested in purchasing distressed or foreclosed properties [...]
ShareMahindra Dealership in Sarasota
May 13, 2009 by Perry Corneau · Leave a Comment
Soon an Indian automotive dealership will open on Clark Road next door to the Land Rover Dealership. The new automotive dealership from India is known as Mahindra Motors. The company which is a maker of trucks and SUVs enjoy an 85 percent market share in India. The company hopes that their economical diesel powered vehicles [...]
ShareMedian Home Prices Down; Sales Up
March 26, 2009 by Perry Corneau · Leave a Comment
In February the median home price was $144,000. That price is down some 43 percent from year ago and is now the lowest price since 2001. Pending sales in February hit the highest levels since April of 2006. The interest rates are low, the credit markets are beginning to thaw, all of which is leading [...]
ShareEconomic Downturn to end May 15th.
February 9, 2009 by Perry Corneau · Leave a Comment
I read an interesting article in the Chicago Tribune predicting an end to the current economic downturn. I tend to agree with the authors views of pent up demand. I have many clients who are interested in purchasing property but remain on the sidelines. Click here to read the article. Share
ShareMozaic Restaurant Sarasota
February 6, 2009 by Perry Corneau · Leave a Comment
The Mozaic Restaurant in downtown Sarasota recently finished thier year long renovations and has reopened. Mosaic which serves Southern France and Mediterranean cuisine is located at 1377 Main street in Sarasota. Share
ShareSarasota Real Estate Sales December 2008
February 4, 2009 by Perry Corneau · Leave a Comment
The numbers for December 2008 sales are in. They indicate a considerable increase over December of 2007. Total home sales in December of 2008 came in at 571 while the same period in 2007 posted only 374 sales. The market continues to improve despite the overall economy. December’s totals were the twelfth consecutive month in which sales topped [...]
ShareBank Owned Developments
February 3, 2009 by Perry Corneau · 1 Comment
The current economic climate is creating many wonderful opportunities. Currently there are many available bank owned properties suitable for future housing development. These properties consist of multiple housing lots that are available in partially developed neighborhoods. With the credit crunch banks have refused to renew short term loans that had been given to developers. Having [...]
ShareEconomic Recovery
February 2, 2009 by Perry Corneau · Leave a Comment
The Sarasota Economic Development Corporation recently hosted a luncheon at Michael’s on East at which the chief economist for Sun Trust Banks, Gregory Miller spoke on the topic of economic recovery. He indicated that low mortgage rates, lower gas prices, low business inventories and an increase in capital spending will set the stage for recovery latter this year. Share
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