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Overall Sarasota Real Estate sales in December 2008 52% higher than December 2008!!! »

Coffey & Company Realty News

Sarasota real Estate Market News Ric Del Vizo, Realtor and Brandy Coffey, Broker/Owner Coffey & Company Realty Sarasota’s Hot Market and Cool Temperatures Volume 1, Issue 2, Dec.2009 Coffey & Company Realty Developing New Website Coffey and Company Realty is in the process of developing and launching our new website InSarasotaRealEstate.com. This website will feature our local area listings and will have an enhanced search capability for our worldwide network of clients. Our current website at ForSarasotaRealEstate.com will continue to be a mainstay in our efforts to provide our clients with the best possible service and resources. To remove your name from our mailing list, please click here. Questions or comments? E-mail us at coffizo@gmaill.com or call 941-487-6981 www.InSarasotaRealEstate.com Courtesy Sarasota Association of Realtors The “months of inventory” – the number of months it would take to sell all the available properties at the current sales rate – dropped to 14.6 months for condos. That’s the lowest figure in the past three years, and far lower than the 40.5 months reported in November 2008. The months of inventory is now 9.4 months for single family homes, slightly higher than October’s 9.3 months, but far lower than last year’s figure of 27.6 months. Spotlights The Sarasota real estate market remained hot in November 2009 with overall sales nearly 86 percent higher than November 2008. Total sales stood at 578 in November, mirroring last month’s total of574 and much higher than the 311 sales reported in November 2008. The breakdown was 417 single family homes and 161 condos sold last month. The fall has proven to be a busy one for many local Realtors®, and the trend doesn’t seem to be slowing down. Pending sales stood at 793 in November, just below last month’s total of 839, and far higher than last November, when only 504 pendings were reported. The statistic is a strong indicator for the next two or three months of sales, as pending sales are an indicator of current buyer activity. Some experts had predicted pending sales might slow because of the uncertainty over the extension of the first-time homebuyer’s tax credit. But that fear has proven unfounded in the Sarasota market. “We are experiencing a very active real estate market during the early seasonal months, when our northern visitors and winter residents return,” said Bill Geller, 2009 SAR President. Supporting the Sarasota Film Festival Coffey and Company Realty is grateful to live in such a diverse and talented community. We are avid supporters of the arts and we understand the importance of living in an area rich in culture. The Sarasota Film Festival brings some of the best and brightest creative minds to our area and we strongly support their efforts. Our current marketing theme at MakeYourMoveSRQ.com is dedicated to the great work that the writers, actors, producers and other film makers do to make our world a better place through the magic of the movies.

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