Downtown Sarasota – Market Update

Real estate, especially in our beautiful Sunshine State is all about location, location, location. So, we’re giving you the local facts you need to make informed decisions when it comes to Longboat Key real estate.

This monthly video market update shares sales data, inventory details, days on market and emerging trends in the downtown and surrounding Sarasota area for residences priced $1M+. In watching the video, you’ll find that there is an inventory of options 35% greater than this time last year and the median listing price of luxury homes is $1.9 million. There was also a 75% increase in residences sold month over month, which are all signs of a healthy luxury market.

As experts in the local real estate market, we know how important it is to be aware of what is happening with inventory and pricing and we are here to help you navigate your options. Whether you are looking for your dream home, or considering putting your home on the market, Team Buky has you covered. Contact us today for a confidential meeting. We look forward to hearing from you!

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Longboat Key, FL – Market Update

Real estate, especially in our beautiful Sunshine State is all about location, location, location. So, we’re giving you the local facts you need to make informed decisions when it comes to Longboat Key real estate.

This monthly video market update shares sales data, inventory details, days on market and emerging trends in the area. In watching the video, you’ll find that homes are moving much faster than compared to this time last year – on average, homes are spending 23% less time on the market prior to purchase. You’ll also see that the number of active listings has increased by 7% year over year. As experts in the local real estate market, we know how important it is to be aware of what is happening with inventory and pricing and we are here to help you navigate your options. What do all of these numbers mean for you? Now is the time to SELL on Longboat Key if it’s been something you’ve been considering.

Whether you are looking for your dream home, or considering putting your home on the market, Team Buky has you covered. Contact us today for a confidential meeting. We look forward to hearing from you!

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LISTING ALERT! Anna Maria Waterfront Home

Anna Maria Island is one of Florida’s best-kept and most enjoyable secrets. Here – you’ll find some of the freshest seafood around, local fine dining, a free trolley around the island, relaxing beaches, live music at venues fishing pier and more.  We are excited to share with you this incredible opportunity to own a large, elevated, deep-water canal front residence on a quiet cul-de-sac in the City of Anna Maria!

This North End 3-bedroom, 2.5-bath waterfront gem is the epitome of the island lifestyle.  Contact Team Buky today to schedule a private tour, but hurry – with the perfect location, beach access and just a short walk The City Pier, Pine Ave shops and restaurants – this home won’t last long!

For compete details on this waterfront property, visit our website here.

 

Golden Gate Point MARKET SNAPSHOT

This quaint, yet luxurious 22-acre peninsula on Sarasota Bay boasts some of the city’s most impressive new residential offerings including Allure, One88 and Aqua.  You can’t beat the breathtaking city, bay, gulf and sunset views from these luxury residences that are just a short scenic walk to fine dining, shopping, beaches and a plethora of arts. Here is a quick look at what is happening in real estate on Golden Gate Point. If you are thinking that now is the time to make a move – contact Team Buky today for expert advice and the high quality of service that you deserve!

Compared to closings in May of 2015, sales in 2016 were slightly down in quantity, however the average sales price was nearly double that of the prior year, coming in at $896,500. While the average price of active listings is slightly lower than this time last year, currently at $2,092,500 compared to $3,299,900 in 2015, there are 31 listings on the market – a 24% increase year over year.

Both the average sales price and the average list price of residences on Golden Gate Point continue to maintain a value roughly twice that of the 34236 average as a whole– showing just how valuable the location, views and residences are in this desirable community. With new construction taking place in the neighboring downtown area, we can expect to continue to see values on the rise for Golden Gate Point and it’s surrounding communities.

 

Anna Maria MARKET SNAPSHOT

Anna Maria Island is one of Florida’s best-kept and most enjoyable secrets. Here – you’ll find some of the freshest seafood around, local fine dining, a free trolley around the island, relaxing beaches, live music at venues fishing pier and more.  Whether your speed is a rustic old Florida bungalow, or a million dollar beachfront oasis, you can find it here on Anna Maria Island. Just be sure to bring your flip flops! Here’s a look at local real estate trends in the 34216 ZIP code – contact Team Buky for more information about calling this gorgeous place “home”!

Summer is here and sales on our beautiful island community remain strong with no signs of slowing down. If you are considering putting your home on the market, contact TEAM BUKY today for a private consultation and market analysis. We would be happy to go over the below market snapshot as well as discuss the process of listing and marketing your home.

While the average list price of available homes this year ($1,197,667) is slightly lower than May of 2015, the number of homes available has increased, with 84 properties currently on the market. This number is down from 100 last month, largely due to closed sales. There were 9 closings in the month of May, averaging a sales price of $1,335,611 – a whopping $392,000 HIGHER than the average sales price in May of 2015.