Buying Foreclosures
July 17, 2009 by Perry Corneau · Leave a Comment
Harris Interactive recently conducted a study in which it was determined that 55 percent of people surveyed identified them selves as likely to purchase a foreclosed property. Back in November of 2008, the same survey indicated that only 47 percent were likely to purchase a foreclosed property. People currently renting (68%) were among the most [...]
Real Estate Markets Stabilize
May 26, 2009 by Perry Corneau · Leave a Comment
The National Association of Realtors indicated that nationwide the total number of homes sales was up by 5.1% in February. In March the homes sales figures were up by 3.2% on average nationwide. In southern states sales were up 8.5% and 4% in the West. Four factors are thought to have contributed to the upward trend in [...]
Home 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.
Sarasota Median Home Prices
May 16, 2009 by Perry Corneau · Leave a Comment
The median home price in the Sarasota-Bradenton-Venice market is now at $155,200 highlighting the area’s affordability. With the median price 40.8% below that of last year, now maybe the best time to find a great deal.
Visit www.sarasotajustlisted.com to search area homes.
British Real Estate Purchasers
May 15, 2009 by Perry Corneau · Leave a Comment
Over the past few years our real estate market has been bouyed by international purchasers with strong currencies. This trend has moderated as foreign markets have also experienced market declines. With current statistic pointing to a slowing in the rate of reductions in UK home values we may soon see an increased interest among British [...]
Sarasota 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 [...]
Sales of Existing Florida Homes
May 11, 2009 by Perry Corneau · Leave a Comment
In the first quarter of 2008 sales of existing Florida homes totaled 25,071. Total sales of existing Florida homes increased 25 percent to 31,412 in the first quarter of this year. Home sales in each of the last three quarters indicate increases over the same periods in the preceding year. Improving sales numbers regionally, nationally and locally indicate that the market is turning. [...]
Real Estate Appreciation & Investment
April 9, 2009 by Perry Corneau · Leave a Comment
Just like other markets the real estate markets are cyclical. We have seen a large correction as prices have fallen from the high in 2005. What we are seeing now is an over correction. The market will swing back. I believe we are now at the bottom in the local Sarasota Market. Many listed homes [...]
Median 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 [...]
Siesta Key Condos For Sale
March 3, 2009 by Perry Corneau · Leave a Comment
Currently there are 429 condos for sale on Siesta Key ranging from $135,000 to $4,250,000. The average price is $734,665. There are 25 condominium properties under contract at this time. Last year 212 condominium units were sold on Siesta Key at an average selling price of $550,258 was 88% of list price. [...]
