No Calls -- Just Clicks! Real Estate in Real Time Melody Champney
Melody Champney / REALTOR / Sarasota and Manatee 
Melody Champney

NEED WE SAY MORE?


*The following press release was sent to local media on June 26 at 11:00 a.m.

Sarasota market hits highest sales figure since March 2007

Home sales in the Sarasota MLS for May 2008 stood at 627 - the highest level in 14 months, and approximately 92 percent higher than the sales in January 2008. In 2008, sales have been increasing each month, possibly due to the influence of the new property tax portability law enacted in late January. Sales have climbed from 329 in January to 423 in February, 514 in March and 567 in April.
 
"This year, the Sarasota real estate market has been a beacon of hope as the state and national markets continue to struggle," said Helen Sosso, 2008 SAR President. "I believe our local agents have embraced the concept of a buyers' market, and educated sellers on the realities of pricing. We still have advantageous interest rates, and our communities' natural and cultural amenities always attract buyers."
 
Full Story at : http://www.melsellsfla.com/Real_Estate_News/page_1943567.html


WALL STREET JOURNAL -- The Housing Crisis Is Over

By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23

The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.

How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.

Most people forget that the current housing bust is nearly three years old. Home sales peaked in July 2005. New home sales are down a staggering 63% from peak levels of 1.4 million. Housing starts have fallen more than 50% and, adjusted for population growth, are back to the trough levels of 1982.

The rest of the story :

http://online.wsj.com/article/SB121003604494869449.html?od=opinion_main_commentaries


 

· U.S. and Foreign Baby Boomers: This massive group of people is just turning 60 and the more financially successful ones are on the verge of retirement. Over the next 20 years, a steady flow of wealthy retirees will be flowing into sunny warm weather destinations. Waterfront views will be particularly sought after and people will be willing to pay high premiums.  

· Nouveau Rich:  There is no one who likes to show off more than the people who lived through equality in income and consumption. Former communist countries like Russia and Kazakhstan are creating newly minted oil barons. Entrepreneurs are springing up en masse in Eastern European countries. A luxury Florida property is the ultimate conspicuous consumption.

· Improving Insurance: Sarasota is artificially being harmed because of high property insurance rates. After the unprecedented number of destructive hurricanes (those with category 3 and higher wind speeds) in 2004 and 2005, the insurers jacked up insurance rates. Yun foresees some retreat in regards to insurance rates in upcoming years because of windfall insurance company profits.

 

QUICK LINKS


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DEAL of the Week - Quality Properties at Phenomenal Prices

MARKET ACTIVITY

   Actual Statistics for the Ongoing RECOVERY

HOT NEIGHBORHOODS

   Actual Statistics Show Some Areas Have Increasing Sales AND Prices!

REAL ESTATE NEWS

   Media Finally Catches On! 

   Email Us for the Herald Tribune and Other Articles Acknowledging Strong Market in Sarasota and Southwest Florida

PROPERTY TAXES

UTILITIES

Email Us for Resources and Information For :

  • SCHOOL SYSTEMS
  • AVAILABLE LIFESTYLES
  • HOMEOWNERS INSURANCE
  • MORTGAGES
  • FOREIGN NATIONALS
  • DEMOGRAPHICS
  • AREA ATTRACTIONS
  • WEATHER HISTORY

 

 


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Within 24 hours you will receive by email your first group of MLS listings for Sarasota and Manatee Counties for your Sarasota Home, Condo, or Investment Property that match your criteria.  This report will include photos, links to virtual tours, and Street Mapping to show you where each home is located.  Homes are available in Sarasota County, Manatee County (including Lakewood Ranch), Siesta Key, Longboat Key, Lido Key, St. Armands, and Casey Key as well.

Why work with Mel?  Glad you asked.  I am not a pushy salesperson.  I facilitate your search and then act on your behalf as your Realtor to ensure the most seamless transition from contract to closing.  You buy when the deal feels right and relax in the process.  Together we make your next real estate transaction positively one you'll pleasantly remember. 

Email your questions, comments, or feedback on specific properties to Mel@ThePirotGroup.com and your automatic searches will be refined so that you only receive appropriate listings from that point on.


 We look forward to working with you!

Melody Champney / 941-726-0038 / Mel@MelSellsFLA.com

REALTOR® // The Pirot Group // Weichert Realtors // Mel@ThePirotGroup.com

Lic Mortgage Broker /  MelLoansFLA@aol.com

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