tag:blogger.com,1999:blog-130564292009-09-07T14:28:58.355-04:00News and updates on the Sarasota real estate market including Siesta Key, Casey Key, Bird Key, Lido Key, Longboat Key and Lakewood Ranch.Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.comBlogger309125tag:blogger.com,1999:blog-13056429.post-52121157597592197712008-04-28T20:46:00.002-04:002008-04-28T21:01:54.160-04:00

I read an interesting article tonight from Forbes.com about the worst cities for homeowner debt.Here are the top 50 cities for worst homeowner debt:Sacramento--Arden- Arcade--Roseville, CADenver-Aurora, COSan Diego-Carlsbad- San Marcos, CAMinneapolis-St. Paul- Bloomington, MN-WIWashington-Arlington- Alexandria, DC-VA-MD- WVLos Angeles-Long Beach- Santa Ana, CABoise City-Nampa, IDColordo Springs,

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com2tag:blogger.com,1999:blog-13056429.post-63280827726590658522008-04-26T08:55:00.003-04:002008-04-26T08:59:15.429-04:00

This home on 213 North Washington Drive went under contract yesterday. Read my post below.Property description:Exquisite classic modern on St. Armands Key. Gorgeous bay views from most living spaces and truly amazing 360-degree views of the open bay, city & Ringling bridge from the roof top terrace. Wonderful interiors w/walls of glass for lots of natural light, wide plank blond maple floors,

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-15691402018725828802008-04-25T06:15:00.004-04:002008-04-25T07:09:20.045-04:00

On Wednesday, I showed this lovely modern home at 213 North Washington on St. Armands Key to some clients of mine from England. The home has 3 bedrooms, 3.5 baths, 3,412 square feet with 2 floors of living area, a bottom non conforming ground floor and a 4th floor rooftop terrace.We meet the listing agent, Hannerle Moore of SKY Sotheby's, at the home so she can give us a tour. She gives us a tour

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-17280903966012274042008-04-23T18:45:00.003-04:002008-04-23T18:54:40.965-04:00

Isn't the above photo gorgeous? It was taken from the Sugar Bay estate on north Casey Key.3005 Casey Key Road just closed today for $4,500,000. It is the highest transaction on Casey Key this year. The home was listed for $4,750,000. Kudos to the fellow Realtor who listed and sold it and another brokerage firm.The home was built in 1970. It has 3 bedroom with possibly a 4th bedroom or den and

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-50393001599518611552008-04-21T21:14:00.002-04:002008-04-21T21:27:44.538-04:00

I just listed a gorgeous condominium in The Terrace East building on Siesta Key. This building is located in the village of Siesta Key. It offers fabulous views of the beach and crystal clear waters of Gulf of Mexico. Tired of hopping in your car to do anything fun? No need to drive when you live here. This location allows you to walk to the beach, shopping, restaurants, ice cream, entertainment

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-15875054656142018352008-04-19T06:23:00.005-04:002008-04-19T06:35:30.393-04:00

This gorgeous home on Lido Key just closed for $6,387,500. This is the second-most expensive house to sell this year in Sarasota County. It was originally listed for $10,990,000 in January of 2006. The sellers eventually dropped the asking price to $7,495,000 and it went under contract in January of 2008.This home is a gulf front estate on coveted Westway Drive which has the most valuable real

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-65363152124281337682008-04-12T13:14:00.004-04:002008-04-12T14:03:34.039-04:00

SKY Sotheby's hosted another luxury portfolio auction yesterday at The Longboat Key Club. The auction team was much more selective this time. Last November there were over 80 properties for sale which was way too many. I was pleased with some of the results. The highlight of the auction was the sale of 4067 Shell Road.This home on Shell Road has been on the market since November 2006. It was

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com6tag:blogger.com,1999:blog-13056429.post-84291057869870172332008-04-05T15:29:00.008-04:002008-04-19T06:36:18.219-04:00

I was getting a haircut the other day when I overhead the guy next to me talking about real estate. This guy was telling his stylist that only the low end of the market was selling. It turned out that this guy was not a Realtor so I'm guessing he heard this information from one.Let's see what is selling. Below are all of the sales of single family homes and condos by price range for the first

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com2tag:blogger.com,1999:blog-13056429.post-15440244981637431902008-03-29T07:12:00.004-04:002008-03-29T09:04:06.698-04:00

In conjuction with other Sotheby's affiliates SKY Sothebys and Daniel Decaro conducted a portfolio luxury property auction in Ft. Lauderdale yesterday. The auction included properties in the Ft. Lauderdale and Miami area. Take a look at the two stunning properties below. It looks like the auction was successful in uncovering buyers for each of these properties. One Isla Bahia - listed at

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-45119937482943563072008-03-25T07:09:00.003-04:002008-03-25T21:09:41.269-04:00

The Florida Association of Realtors issued their statistics for February home sales for Florida.Sales in the Sarasota-Bradenton market dropped 10 percent when comparing February with the same month a year ago. The number of homes sold dropped from 672 to 608.Only two Florida markets improved from February of 2007: Fort Pierce-Port St. Lucie was up 4 percent while Fort Myers-Cape Coral, a market

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-25118337238890242622008-03-23T07:43:00.005-04:002008-03-23T08:24:16.875-04:00

Looking for some international exposure for your home? With the U.S. dollar so weak and our correcting real estate market we are getting a lot of interest from Canadians and Europeans. This is a fabulous time for them to buy.I was perusing through my website statistics yesterday to see how many visitors I had from foreign countries. In the last 30 days my Sarasota real estate website had visitors

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-55246650921172033902008-03-17T11:30:00.004-04:002008-03-17T11:41:56.759-04:00

Untrue!The Sarasota MLS shows that there are:733 single family homes under contract311 condominiums under contractContrarian: An investor who buys a category when most others are selling and sells when others are buying. A contrarian doesn’t chase what is hot, but is often buying a category that has recently underperformed.If you need help buying or selling please contact me at 941-812-6272.

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com3tag:blogger.com,1999:blog-13056429.post-18989631042585502162008-03-14T20:58:00.003-04:002008-03-15T08:40:49.897-04:00

According to a new study by SMR Research Corporation the housing "bubble" -- whose bursting triggered the current mortgage credit crisis -- has now fully deflated.This sets the stage for a mild housing recovery, which SMR said would begin prior to year end 2008.The recovery is likely to be gradual, with house prices merely firming up or increasing slightly, rather than returning to the strong

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com3tag:blogger.com,1999:blog-13056429.post-38872650744539235522008-03-01T08:01:00.003-05:002008-03-01T08:41:19.104-05:00

Here are some sales figures for February 2008 and February 2007. I pulled these numbers from the Sarasota MLS. The areas included in the totals are for Longboat Key, Siesta Key, Lido Key, Bird Key, Casey Key, Lakewood Ranch, Sarasota, Osprey and Nokomis. All other areas were exluded.February 2007Total single family homes transactions: 180Total condo transactions: 215February 2008Total single

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-41387418191781540792008-02-29T06:46:00.003-05:002008-02-29T07:13:25.147-05:00

Membership in region's largest associations affected by housing slumpWith the housing market flat, Southwest Florida real estate agents are retreating or quitting the business in large numbers. The Sarasota Association of Realtors is down 11 percent over last year; the Manatee County association 19 percent; and the Punta Gorda-Port Charlotte-North Port Association of Realtors 11 percent.The

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com4tag:blogger.com,1999:blog-13056429.post-87321848936367814062008-02-28T20:00:00.003-05:002008-02-28T20:07:18.231-05:00

A client of mine just purchased this gorgeous home in River Club. The home has 4 bedrooms, den, 3 bathrooms with 3,523 square feet and sits on almost an acre. Property description:Beautiful Todd Johnston custom home on a private almost one acre lost in the estate section of River Club. Upgrades throughout the home including crown molding, 14' ceilings, cherry cabinetry, granite wet bar, wine

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-79813214438695266532008-02-27T08:05:00.003-05:002008-02-27T08:21:27.411-05:00

Real estate billionaire Sam Zell, chairman of Equity Group Investments, suggested the housing market will begin its recovery this spring."I think (housing) starts have already pretty much bottomed out," Zell told CNBC Tuesday. "I think sales will start to occur, and we'll start to clean up the inventory."Here is a link to the Chicago Trubine article.For those who don't know. Sam Zell is a

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com3tag:blogger.com,1999:blog-13056429.post-68882423970362486762008-02-17T07:15:00.003-05:002008-02-17T07:29:42.057-05:00

I read an interesting article from TIME magazine last night. Here is a link to the article.I am going to cut and paste the article below:Famed Money Manager is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more relevant Lynchism today is this gem: Ignore the headlines.That's no

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com7tag:blogger.com,1999:blog-13056429.post-69324535102224593362008-02-16T08:43:00.003-05:002008-02-16T08:52:32.622-05:00

My client closed on this wonderful beach front Longboat Key condo yesterday. This 2 bedroom, 2 bathroom condo offers unobstructed gulf and beach views. It was listed for $850,000. Please contact me at 941-812-6272 if you are looking to purchase on Longboat Key.

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-16501082996635647042008-02-14T19:27:00.003-05:002008-02-14T20:06:44.626-05:00

I have been in touch with a few private equity firms looking to make a bulk purchase of property in the Sarasota area. There are alot of "vulture funds" or "opportunity funds" looking to pick up Florida real estate at depressed prices. They typically seek out hurting condo developers who are sitting on a ton of inventory and make offers to purchase condos in bulk at reduced prices. Once they

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com4tag:blogger.com,1999:blog-13056429.post-2251785592903782872008-02-13T10:09:00.004-05:002008-02-13T10:19:48.996-05:00

SKY Sotheby's is pleased to announce the date of our Spring 2008 luxury portfolio auction. The event will take place Friday April 11, 2008 at The Longboat Key Club. This time we are allowing only 50 luxury properties in the auction. More information: SKY Sotheby's AuctionBuyersSellersFor more information email marc.rasmussen@skysothebys.com or call me at 941-812-6272.

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-59402614613275093542008-02-11T10:32:00.000-05:002008-02-11T10:43:05.186-05:00

In December of 2007 the average sales price to list price ratio was 93% for single family homes and 91% for condominiums.Here is a run down of 2007 statistics.Single Family HomesJanuary - 91%February - 90%March - 93%April - 93%May - 92%June - 92%July - 93%August - 93%September - 92%October - 93%November - 91%December - 93%CondominiumsJanuary - 93%February - 94%March - 94%April - 97%May - 92%June

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-72509667171940885612008-02-10T09:13:00.000-05:002008-02-10T09:16:44.437-05:00

I updated my Downtown Sarasota Condo sold page. Now you can see compare 2006 and 2007 sales in most of the condos in the downtown area. I received a few emails from some readers who wanted to see how much prices have dropped in the downtown Sarasota condo market.

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0tag:blogger.com,1999:blog-13056429.post-26713735494928415982008-02-09T07:53:00.000-05:002008-02-09T08:51:13.575-05:00

I turned down another listing yesterday. I hate to turn down the possibility of making a buck but the best advice I can give to many potential sellers is to not list. If you are unmotivated to sell there is a slim chance your property will sell. In most cases, you have to be the best property at the best price in your market segment. You have to be the bright flower in the field of weeds.Another

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com2tag:blogger.com,1999:blog-13056429.post-36492870202317046532008-02-07T07:18:00.000-05:002008-02-07T07:24:08.550-05:00

Our client wanted some better photos of her Peppertree condo that we are marketing. So we had our photographer go out there and do a reshoot. They turned out great in my opinion. Below are a couple of the new photos. What do you think?I am amazed at some of the grainy, dark and horrible photos that real estate agents use to market their properties. In a market like this you really need to stand

Marc Rasmussenhttp://www.blogger.com/profile/03692712613271053538noreply@blogger.com0