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Bill Travers Real Estate, Inc.
1160 Fraser Pine Blvd.
Sarasota, FL  34240
Ph. 941.544.7516
Fax: 866.494.3986

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Sarasota Townhome Market Report 4/16/08

 

Definition according to Merriam-Webster:

Townhome: usually single-family house of two or sometimes three stories that is usually connected to a
similar house by a common sidewall.

Villa: a detached or semi-detached urban residence with yard and garden space

Condominium:
individual ownership of a unit in a multi-unit structure (as an apartment building) or on
land owned in common (as a town house complex); also
: a unit so owned b: a building containing condominiums


     The picture below is from a townhome in Bradenton that I found for my client. 
      

  There are many developments in the Sarasota-Bradenton area for Townhomes, Villa's and maintenance free communities.  My recent visits to new home builders communities specializing in Townhomes and villa's indicates that the absorption is high.  Buyers looking to buy a new townhome or villa get to select many of their own customized options and upgrades.  Inventory of Townhomes and villas already completed have many tasteful upgrades added to allure today's buyers distinguished design trends.  Corian countertops, stainless steel appliances and additional tile areas are sometimes selected by the onsite sales agents or design studio in anticipation of today's demanding buyers.  
 



New Listing - Townhomes from the $180's to low $200's.  This project is 5 minutes to downtown Sarasota and homebuyers here can literally walk to shopping.
 

 

 
 

 Click the photos to see larger pictures of this exciting new townhome product in Sarasota

 

Sarasota Townhomes, villa's, condo's are for the most part maintenance free.  The maintenance for the development is typically included in the fee's of the association.  This lifestyle fits a homeowner that wants to pick up and go at their leisure.  A townhome has mass appeal to all owner types.  Empty-nesters, Boomerangs (parents that have children return from college), people in travel related careers, Baby Boomers, Single parents and more.

This makes it easy to manage for a homeowner.  The homeowners association takes care of the common grounds, roof maintenance, painting of the building and now it is common place to see cable tv included in the association package.   Some townhome projects are FHA approved, making it easy and affordable for first time homebuyers.  There are some developments that have CDD (Community District Development) fees.  These fees/costs are assessed to the homeowners tax-bill when a developer has the county or city put in the infrastructure.  Walt Disney World in Orlando was the first in the country to use CDD fees.

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April 16, 2008 Townhome update for Sarasota shows (according to the Sarasota MLS for Sarasota County) townhomes listed sold, active and pending under condo and residential.   Please keep in mind that if property isn’t correctly entered into the MLS under townhome, it may not show up.  “Garbage in, garbage out”.  Sometimes, townhomes can be entered as a condo property. 

There is new townhome product through local and national builders in the Sarasota and Bradenton area.  Again, I cannot stress enough, buying any property without a real estate agent leaves you susceptible to overpaying and missing important property and tax information.  A responsible and knowledgeable real estate agent should do a thorough county property record search as this is vital as most (not all) townhome properties do not get listed on the MLS.  You definitely want to know the all around sales numbers on sold property value when going in to negotiate with a builder.  

Here is a report showing current statistics of Sarasota & Manatee townhomes taken from the Sarasota MLS for Sarasota County only. This date search criteria is from Jan 1, 2008 to April 16, 2008. 

County

Active

Pending

Sold YTD

Sarasota (Condo) 347 10 27

Sarasota (residential)

52

1

5

Manatee

21

0

3

 

    

Interested in buying a  Sarasota Townhome, Villa, Condo or maintenance free residence?  Contact me to get started.  941-544-7516.
 

Call Bill Travers today to help you sell or find your next home in the Sarasota & Bradenton Real Estate Market.  941-544-7516
Email: sarasotacommunities@gmail.com

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Notice:  FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL BUYERS OF REAL ESTATE. You should not assume that any real estate broker or salesperson represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker. You are advised not to disclose any information you want to be held in confidence until you decide on representation.

 

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