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Greetings!
As summer winds down it looks to us that Sarasota and her surrounding island's real estate market are definitely in a recovery mode and inventory is at the lowest levels we have seen in years.
Sarasota County recorded 728 transactions during the month of June, marking the fourth month in the last 12 that sales exceeded the 700 level. In addition, the median sales price for single family homes hit the highest level since last June, and total inventory of available properties dropped to the lowest level in more than a decade, which could spur stronger competition for homes and condos.
The charts below showing Sarasota and Manatee County real estate activity tell the tale.
Buying and selling your property is serious business. You are never just another client in our portfolio. Time is of the essence and we work very hard to bring you success in as short a time as possible.
If you have family or friends interested in living in our paradise, please introduce us. There are still great opportunities available but we don't believe for long.
Team Renick
Michael & Eric
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Get off the 30 year fixed!
Don Bartolomucci Southeast Regional Manager Mortgage Network, Inc · 407.341.1114 I am generally a strong proponent of 30 year Fixed Rate Mortgages; it is the safest play for life's uncertainties, and the need for tax breaks well into retirement is more important than most borrowers can foresee. But, when the Interest Rate Spreads are as wide as they are today between the 20 year, 15 year and 10 year loans, I would be silly not to mention these options. The spread between a 30 yr fixed rate and a 10 year fixed rate can be as much as .75% in rate. Now is the perfect time to run an analysis comparing different loans by calculating the interest paid over the life of the loan and compare it against more than one product. Have a mortgage professional prepare this analysis and show the differences between multiple loan scenarios before making a final decision on your mortgage. Although fixed rate mortgages carry the least risk and it is ways prudent to run these numbers against 5 year, 7 year and/or 10 year Adjustable Rate Mortgages. Even though there is inherent risk of rate changes in the later years with these loans, not everyone's long term goals, job expectations and family considerations fit the fixed rate loan profile. In every case, regardless of the type of mortgage chosen, there is substitution for plenty of reserves, a retirement plan, and a solid employment future. |
Sarasota wineries worth a visit...
Old Mission Vineyards
This 18th Century Mission Style home & vineyard is located on 20 acres of land, including 2 acres of mature Grape vines which includes trails and a beautiful tranquil stream fed by natural springs. Muscadine, Noble, and Carlos Grapes are grown here. Also, hand pick your own fresh, Florida-grown grapes, and take home a grape vine! Call ahead to confirm dates, hours of operation, and availability.
Open Monday thru Saturday - 9:00a.m. to 6:00p.m. August 1 through mid-September. 19600 State Road 64, East. Bradenton, Florida. (941) 746-6334. 8 miles east of I-75 on south side of SR 64.
Rosa Fiorelli Winery
Has received 6 awards in the commercial international wine competition. Produces Southern Red Reserve, Manatee Red, Florida Muscadine, Muscadine Blush, Manatee Red, Rosato, Blanc du Bois, Blanc du Bois Classico, & Conquistador Blush. Wine Tastings & Tours offered.
4020 CR 675, Bradenton, FL. Hours: Mon-Sat 10am-5:30pm; Sun noon-5pm. (941) 322-0976
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Personalized, Effective Real Estate Services Focused on YOUR needs. We are different...let us know how we can help! Serving Longboat Key · Anna Maria Island · Holmes Beach Bradenton · Bradenton Beach · Sarasota · Lido Key · Bird Key St Armands · Siesta Key
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Giving back to our community
Together, we can make a difference!
We are currently working to launch a "Give Back to our Community" program designed to allow our customers to donate a significant portion of the commission We earn on your deal, to a local charity of YOUR choice! More on that as the final details are ironed out!
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For Sale!
Canal Front, Holmes Beach
Mint condition, two bedroom, one bath, canal front home for sale at 512 56th Street, Holmes Beach. The seller reduced the price by $90k as Team Renick took over the expired listing from another Broker! Currently priced at $349k, this property will not last long!
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Let's Hear from You?
Submit your question!
Do you have a question or an idea of what you would like included in our next e-Newsletter? Just let us know. Send an email to:
mjrenick@verizon.net elteoh@verizon.net We'll take it from there!
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Channel: TeamRenick
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Current Longboat Key Weather Conditions
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Paradise found
With 35 miles of pristine white sand beaches, more than 200 sunny days a year and an average year-round temperature of 71°F. it is no wonder Sarasota received Money Magazine's Best Small City Award and Dr. Beach voted Siesta Key the Best Beach in the U.S.
Come live in a dynamic community with a celebrated history and strong future.
Sarasota, Florida real estate is among the most desirable in Florida.
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