Drastically Reduced Home for Sale in Sarasota Florida

I would like to introduce you to one of the most unique homes in the city of Sarasota Florida's oldest residential and historic neighborhood, McClellan Park. Surrounded by lush oak trees in a picture postcard setting, the price of this delightful home has been drastically reduced for a quick sale.

You can view a slide show of the features of this adorable home at Sarasota Home For Sale - Drastically Reduced Price.

If you are a Realtor interested in showing this home, or if you are a person considering investing in a truly unique home in Sarasota, Florida and would like to tour this home yourself, you can contact me directly on my cellphone at 941-266-1799 or E-Mail Me today.

Sarasota may become the Baltimore Orioles Spring Training Center

Recently there has been a flurry of activity among both Sarasota County and City of Sarasota officials and the Baltimore Orioles baseball team management regarding proposals to move the Oriles Spring Training facilities to Sarasota.

You can read an interesting article on this rapidly developing story on my website at
Baltimore Orioles May Be Coming To Sarasota.

Sarasota continues to be an attractive place with an ever growing list of amenities in addition to its fine weather and confortable lifestyle.

If you are ready to learn why, if you are going to invest in Florida real estate, Sarasota Florida is the right place to do it, contact me by E-Mail or complete my Sarasota Information Request Form. In a hurry ? Then call me directly at 941-266-1799.

Why the Sarasota Real Estate Market is About to Recover

I read a very intriguing article this morning which was written by James A. Crumbaugh III, CEO of Allison James Estates & Homes. I am copying the content of that article here because I believe Mr Crumbaugh is absolutely right in his understanding of WHY the Sarasota real estate market is poised to have a much better year in 2009 than 2008 has been.
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RISMEDIA, Dec. 10, 2008- I’m always accused of being overly optimistic about the real estate market. You have to understand that after 35 + years in the business, everything is just a cycle to me and when we go through a cycle like we’ve been going through, then my thoughts become “How long will the cycle last?”

You may have read my previous article titled The Perfect Storm, where I discussed the reasons that I thought this real estate market was poised to turn around. We are seeing the market improve almost on a daily basis recently. Is it the facts that I stated in my article that is causing the turn around? Absolutely that’s part of the turnaround.

However, there is another dynamic at work here. I’ll call it the "Obama Effect." I’m a Republican and I voted for John McCain, but I’m sensing an optimism starting to build in this country. I will give President Elect Obama credit where credit is due, and I will be the first to admit that at this point he is being very proactive at turning around the financial crisis in this country.

As the optimism improves, and I think it will, from here to the inauguration, and for the honeymoon period following the inauguration, we will continue to see an improvement in the optimism in this country.

With the automotive bailout, real estate is bound to improve in the Michigan area and probably the entire rust belt, therefore improving Florida real estate. The retirees will be able to sell their homes in Michigan and retire to Florida or other states popular among retirees.

The public works project will put hundreds of thousands of workers back to work and at good wages. I still believe we have a pent up demand for the last three years of buyers wanting to buy. Once these buyers are employed again and flush with income, the market will start to improve.

Then you have very low fuel prices that allow the consumer more discretionary income to spend.

Then we have the potential for 4 ½ % mortgage rates.

When you start to take a hard look at where we are poised as an industry, no matter how pessimistic you are, you have got to believe we are in for a return of a good real estate market if not an excellent real estate market.

The stars are lining up:

- An improved automotive market
- Low fuel prices
- Workers going back to work
- Good wages
- Low real estate prices
- Low mortgage rates

I’m becoming more optimistic just writing this article. I don’t believe you can argue the facts as I just them pointed out. Things are looking up for the Florida real estate industry........

James A. Crumbaugh III is CEO of Allison James Estates & Homes.
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If you are a retiree, a real estate investor, or a broker or realtor, better times are coming in 2009 because the bear maket in housing is headed for a turn-around and it will turn around early in 2009.

If you are ready to learn why, if you are going to invest in Florida real estate, Sarasota Florida is the right place to do it, contact me by E-Mail or complete my Sarasota Information Request Form. In a hurry ? Then call me directly at 941-266-1799.

Sarasota Home Sales Are Picking Up

Buying a South Florida home seems to be suddenly back in vogue again as home prices continue to fall to levels not seen in a long time.

First-time buyers are finally being able to afford a home of their own. Retirees with cash are also getting into the game, pulling their money out of the stock market and investing in South Florida real estate at prices they thought they might never see again. With mortgage rates at historic lows, even traditional real estate investors are returning to the market. No, they re not "flipping properties" this time. These investors plan to either live the home themselves or rent them until the Florida real estate market recovers from its disasterous recent past.

Pending home sales in Sarasota remained above 500 for the third month in a row. 306 single fmily homes sold in October 2008 versus only 264 in October of 2007. Single fmily homes sold for an average of $257,000 according to the Sarasota Association of Realtors. Pre-foreclosure sales go for even less as Florida job losses and falling home and condo prices sent another 90,000 homes into foreclosure across the state in the past quarter. There wwas just over an 18 month of supply of homes on the market in October 2008 versus almost 32 motnhs worth of supply in October of 2007.

On the dowside, however,with the U.S. economy as a whole slumping badly and the huge supply of existing and pre-foreclosure short sale and bank-owned homes and condos already on the, prices may stay low and not begin to recover until well into 2009 or even later.

If you have been thinking about buying South Florida real estate, this is a great time to get serious about it. In the Sarasota market, for example, you may want to contact Rich Stover, Sarasota FL real estate agent or Andre Huffine, Bradenton realtor, For golf course homes, you may want to visit the website of Connie Belmont Sarasota golf course homes expert. For waterfront homes, Judie Berger is your Siesta Key real estate specialist.