Marc Rasmussen's Blog: Longboat Key Real Estate

News and updates on the Longboat Key, Florida real estate market.


Top 20 Sarasota Real Estate Brokers

photo Marc Rasmussen

Below are the top 20 Sarasota real estate brokers for the last 12 months.

Sarasota Broker Top Sales By Volume Volume  Market Share List Sales Units Avg. Price List Sales Buyer Sales Units Avg. Price Buyer Sale Michael Saunders and Company $720,618 19.60% 831 444.2 903 389.2 Coldwell Banker Residential $477,397 13.00% 979 276 729 284.2 RE/MAX Alliance $341,989 … Read Full Post

Posted: 5 days ago, Comments: 1, Average Rating: Views: 196

Longboat Key Condo Market Update

photo Marc Rasmussen

 

 

Longboat Key is an 11 mile long barrier island off the coast of Sarasota, Florida. The island is blessed with pretty beaches, fabulous condos, world class golf and tennis facilities and easy access to all of the amenities of Sarasota. Longboat Key is surrounded by the clear tranquil waters of the Gulf of Mexico and Sarasota bay.

There are many wonderful condos on Longboat Key. Here you can find a quaint one bedroom near the beach all of the way to a spacious, luxurious penthouse overlooking the beach and Gulf of Mexico.

Longboat Key Condos For Sale

  • 432 condos for sale
  • Highest asking price - $5 million
  • Lowest asking price - $44,995 (boat slip)
  • Average asking price - $831,874
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Posted: 4 weeks ago, Comments: 0, Average Rating: Views: 197

Sarasota Condos Update

photo Marc Rasmussen

Sarasota Condos

Condos in Sarasota, Florida are very popular. Many people looking to come and enjoy the Sarasota lifestyle don't want the maintenance of a single family home. They want to spend their free time playing golf, swimming in the pool, walking along the beach, dining with friends or perhaps shopping. They want to leave the yard, pool and property maintenance to someone else.

 

 

 

Sarasota Condo Sales Statistics

  • 2009 condo sales - 1,807 units
  • Lowest sales price - $5,000 (boat rack or condo)
  • Highest sales price - $3,330,000 - Grand Bay condo on Longboat Key
  • Average sales price - $256,232
  • Median sales price - $150,000

Just out of curiousity I ran the number for the…

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Posted: 1 month ago, Comments: 0, Average Rating: Views: 209

Aquarius Club Condos On Longboat Key

photo Marc Rasmussen

Looking for a condo on the beach? Take a look at the Aquarius Club condos on Longboat Key. This is a 57 unit beachfront condo on the south end of the island that was constructed in 1975. It is convenient to world class golf and tennis facilities at the Longboat Key Club, St. Armands Circle, Longboat Key beach and all of the amenities of Sarasota, Florida. The building is right on the beach so many of the unit have fantastic views of the ocean and Gulf of Mexico.

As of October 2009 there are 4 condos currently for sale in the Aquarius Club condo ranging from $699,000 to $899,000.  One of my clients is currently under contract on a unit in the building so I know the building well.

If I can help you buy a home or condo on Longboat Key give me a call at…

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Posted: 1 month ago, Comments: 0, Average Rating: Views: 240

Sarasota Real Estate Inventory Update

photo Marc Rasmussen

The chart above shows the number of single family homes and condos for sale, under contract and sold over the last 5 years in Sarasota, Florida. The light green lines represent the number of homes and condos for sale. The red line shows the number of properties under contract and the dark green line represents the number of sold properties.

From an owner of Sarasota real estate and a Realtor selling in Sarasota it is great to see the sharp decline in inventory, the rise in pending sales and closed sales. It looks like we still need to absorb some of the inventory in the market. Based on closed transactions we currently have jut over a 10 month supply of properties for sale. Real estate "experts" profess that a 6 to 7 month supply is normal. If we get a…

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Posted: 2 months ago, Comments: 0, Average Rating: Views: 408

Check Out The Views From This Sarasota Beachfront Condo

photo Marc Rasmussen

 

 

Wouldn't it be nice to wake up to the sounds of Gulf of Mexico everyday? I showed this magnificent condo yesterday to some clients. This condo in the Promenade has some of the finest views I have seen in Sarasota. The pictures are nice but the views are even more breathtaking in person or out on the terrace. The condo has panoramic views of the Gulf of Mexico, downtown Sarasota, south Longboat Key, north Siesta Key as well as Lido Key. It really is breathtaking. If I lived there I would spend a lot of time on the terrace.

The asking price is $1,795,000. It is a 3 bedroom, 3.5 bathroom penthouse with 2,665 square feet. The entire condo has been renovated.

Promenade Condo on Longboat… Read Full Post

Posted: 3 months ago, Comments: 0, Average Rating: Views: 304

Sarasota Beach Front Homes

photo Marc Rasmussen

Luxurious yet relaxing. Imagine waking up in the morning to the soothing sounds of the Gulf of Mexico. If you ever wanted to live or own a second home on the beach this is a great time to start looking. There may never be a better time to buy a Sarasota beachfront home.

Siesta Key Beachfront Homes

Siesta Key is an 8 mile long barrier island with one of the prettiest beaches in the world. It recently ranked as the #2 prettiest beach in the United States by Dr. Beach. The Sanderling Club on Siesta Key is a gated community on the south end of the island. It has a gorgeous beach and is home to some magnificent beach front estates.

Longboat Key Beachfront Homes

Longboat Key is an 11 mile long barrier island off the coast of Sarasota. This is a pristine…

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Posted: 3 months ago, Comments: 0, Average Rating: Views: 330

Beachfront Homes Active In Sarasota, Florida - Is The Smart Money Buying?

photo Marc Rasmussen

 

I've noticed something interesting lately in Sarasota, Florida. Several beach front & bay front homes have recently gone under contract. Just off the top of my head I know of 3 beach front homes on north Longboat Key, 2 on Siesta Key, and a bay front home on Lido Key (shown above) for $8,999,000 have gone under contract. There also have been several homes and lots on the beach that have closed within the last 60 days. We just had a home on Bird Key close for $4.75 million.

Is the smart money buying?

Sarasota seems to be forming a bottom. The low end of the market is selling quickly. I cannot imagine prices will drop too much more in that segment of the market. If you ever wanted to get into buying…

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Posted: 5 months ago, Comments: 0, Average Rating: Views: 491
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Marc Rasmussen

Marc Rasmussen I am a Realtor with Michael Saunders and Company servicing buyers and sellers in Sarasota, Florida as well as Siesta Key, Lido Key, Longboat Key, Bird Key, Casey Key and Lakewood Ranch. If I can be of assistance please call me at 800-793-7340 or 941-812-6272. Read More

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