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.

Longboat Key – May 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 details sales trends, 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, with an average number of 88 days on the market – a vast 45% fewer number of days than this time last year. You’ll also find that number if units sold has increased by 60% month over month and 31% 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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Market Snapshot – ANNA MARIA

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!

The total number of available Anna Maria listings has increased year over year as of April 30, with 74 available listings now as compared to 52 in 2015. The number of new listings in April 2016 was 11, down -21.4% from 14 last month and equal to 11 in April of last year.

April property sales were 10, up from 8 in April of 2015 and 11.1% higher than the 9 sales last month. April 2016 sales were at their highest level compared to April of 2015 and 2014. April YTD sales of 26 are running 18.2% ahead of last year’s year-to-date sales of 22.

Below is quick look at the current listings and sales over the previous 3 months on Anna Maria (34216). As we approach summer, sales in our beautiful area remain strong, so now is still a perfect time to sell. If you are considering putting your home on the market, contact TEAM BUKY today for a private consultation and market analysis.

The property information provided is derived from the Multiple Listing Service and may include approximations. Although it is believed to be accurate, it is not warranted and should not be relied upon without personal verification. If your property is currently listed, this is not a solicitation to list your residence. Coldwell Banker is operated by a subsidiary of NRT LLC.

 

Market Snapshot – GOLDEN GATE POINT

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 or arts. 

April did not show a significant increase in sales YOY on Golden Gate Point, with just one closing in April of 2016 compared to none in 2015. Compared to the condominium market in the 34236 area as a whole, however, Golden Gate point has shown a steadier rate in the previous 12 months. In the 34236 area, condo sales were 25, down from 31 in April of 2015 and -7.4% lower than the 27 sales last month.

The number of active listings Year-Over-Year in Golden Gate Point showed a slight increase, with 25 currently available properties compared to 22 in April of 2015. The 34236 area showed a 6.1% decrease in number of new listings available in April 2016 at 46, compared to 49 in April of last year.

Both the average sales price and the average list price of residences on Golden Gate Point are maintaining at more than double that of the 34236 average as a whole– showing just how valuable the location, views and residences are in Golden Gate Point.

Below is a quick look at active listings and sales over the last 12 months. If Golden Gate Point is your destination of choice (and why wouldn’t it be!?) or if you are considering listing your Golden Gate Point residence for sale, contact TEAM BUKY today to get you one step closer to reaching your goals.

 

The property information provided is derived from the Multiple Listing Service and may include approximations. Although it is believed to be accurate, it is not warranted and should not be relied upon without personal verification. If your property is currently listed, this is not a solicitation to list your residence. Coldwell Banker is operated by a subsidiary of NRT LLC.

Market Snapshot – GOLDEN GATE POINT, Sarasota

Aerial photo of Golden Gate Point courtesy of Brandy Coffey-Ruiz del Viso, Coffey & Co.

Golden Gate Point is a contemporary, yet charming 22 acre peninsula just west of Downtown Sarasota and in walking distance to all of its shops restaurants and entertainment. The community is a quaint brick paved loop of lined with palm trees and elegant condominiums. Here’s a quick snapshot of the Golden Gate Point real estate market as of the end of the first quarter this year.

Compared to the condominium market in the 34236 area as a whole, Golden Gate point has shown a healthier increase in closed sales Year-Over-Year. While 34236 saw a 35.9% decrease compared to March 2015, Golden Gate Point had zero closings in March of 2015, but 2 reported closings in March of 2016, for an average sales price of $1,238,700.

The number of active listings Year-Over-Year in Golden Gate Point showed a 15.38% increase, with 30 available properties in March of 2016. The 34236 area also showed an increase in number of listings available with 305 condos on the market in March 2016 compared to 233 in March of last year.

Both the average sales price and the average list price of residences on Golden Gate Point are more than double that of the 34236 average as a whole. Golden Gate Point average sales price in March 2016 was $1,238,700 compared to $530,660 in 34236. The average sales price of active listings in the community is currently $2,469,661 compared to $1,070,697 in the 34236 ZIP code – showing just how valuable the location, views and residences are in Golden Gate Point.

With more than 80 years of real estate experience combined and nearly $1 Billion in closed sales, TEAM BUKY consistently proves that it is among the top real estate professionals in the world. Established leaders in the Sarasota and Bradenton real estate marketplaces, Gabe and Charles Buky and their team combine unparalleled marketing capabilities, in-depth knowledge of the local market and expert negotiation skills to create a comprehensive, positive experience for every client.

Whatever your needs, you can rely on the expertise of TEAM BUKY and the resources of Coldwell Banker Previews International® to ensure that you get the most out of your investment. Contact them today to find out how they can help you make your real estate dreams come true!

The property information provided is derived from the Multiple Listing Service and may include approximations. Although it is believed to be accurate, it is not warranted and should not be relied upon without personal verification. If your property is currently listed, this is not a solicitation to list your residence. Coldwell Banker is operated by a subsidiary of NRT LLC.

Market Snapshot – Anna Maria Island

MONTH END REVIEW – March 2016 / 34216 / All Property Types / All Prices

 

Being experts in our local market also gives us the opportunity to educate clients and friends about current market conditions and projections. This information is key to either positioning your home at a price that makes it sell quickly or knowing the value of properties currently listed if you are in the market to purchase a home. Our responsibility is to keep you updated on the community, changing market conditions and emerging trends. This data is also compared on a month to month and year over year basis to paint a big picture of where the market is headed. We look forward to working with you to make your real estate dreams come true! Contact us today for a private consultation, or to be added to our list for monthly market updates in your desired community.

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(For more details on the above, click here.)

PROPERTY SALES

March property sales were 8, up from 5 in March of 2015 and 166.7% higher than the 3 sales last month. March 2016 sales were at a mid level compared to March of 2015 and 2014. March YTD sales of 15 are running 7.1% ahead of last year’s year-to-date sales of 14.

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SALES PRICES

The median sales price in March was $615,000, down -34.6% from $940,000 in March of 2015 and down -63.0% from $1,660,000 last month. The average sales price in March was $822,500, down -28.3% from $1,146,600 in March of 2015 and down -60.9% from $2,103,333 last month. March 2016 ASP was at a mid range compared to March of 2015 and 2014.

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INVENTORY & MSI

The total inventory of properties available for sale as of March was 71, up 6.0% from 67 last month and up 9.2% from 65 in March of last year. March 2016 Inventory was at highest level compared to March of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2016 MSI of 8.9 months was at a mid range compared with March of 2015 and

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INVENTORY / NEW LISTINGS/NEW SALES

This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in March 2016 was 14, up 27.3% from 11 last month and up 27. 3% from 11 in March of last year.

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© 2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Real Estate fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Real Estate is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.
Based on information from MyFlorida MLS for the period 12/29/2001 through 3/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated.