About Sarasota's Palmer Ranch

Sarasota FL Real Estate Market Reports – February 2012

It is important to make sure you check at the Sarasota FL Real Estate Market Reports – February 2012 for the right information before you start your real estate shopping.

Sarasota FL Real Estate Market Reports will provide you a good over view of how Single Family Homes for sale performed during the month of February 2012.

The following shows the breakdown of the Single Family homes for sale in Sarasota FL that were newly listed between February 1, 2012 and February 29, 2012

Active- 374

54 listings are bank owned, 59 listings are short sale and 261 are regular sales

The average listing price is $433,560.00 = $167.31 per square foot, and is 3 bedroom, 2 full baths with 2182 square foot heated area.

Single Family Homes for sale that went under contract or pending according to Sarasota FL Real Estate Market Report - February 2012.

Pending – 100

19 listings are bank owned, 28 listings are short sale and 52 listings are regular sales.

Single Family Homes for sale that sold during the month of February 2012.

Sold – 250

36 listings were bank owned, 64 listing were short sale and 150 listings were regular sales.

The average sold price is $300,444 = $122.94 per square foot

The lowest sold price is $14,000.00 = $10.81 per square foot

The highest sold price is $4,450,000.00 = $671.39 per square foot

Compared to February 2011 the single family home average sold price was 16.29% up in February 2012.

February 2011 February 2012

The average sold price $258,353 $300,444

The lowest sold price $ 14,000 $14,000

The highest sold price $4,500,000 $4,450,000

Average day on market 128 110

Number of unit sold 259 250

Wait NO more, home prices are going up. Call your local expert Now before it is too late.

MFRMLS, Inc Information deemed reliable but not guaranteed. Parties are advised to verify.

Sarasota FL Real Estate Market Reports – February 2012

Based on information from the My Florida Regional Multiple Listing Service, Inc. for the period mentioned above. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service".

Need someone on your side for your real estate transaction either buying or selling in Sarasota, and the surrounding area? Just contact Kwee your local REALTOR® so your best interests are protected.

Construction has been underway on the new Sarasota Costco since December of 2011. While we don't have an exact date for the Sarasota Costco opening, we do know that the company is shooting for the Summer of 2012.

The Sarasota Costco location will be adding approximately 200 jobs to the local economy at their new 145,000 square foot warehouse. It will be attached to Westfield Sarasota Square Mall at the site of the former Dillard's on Palmer Ranch.

Stay tuned for more information regarding the Sarasota Costco opening by subscribing to my blog!

For previous posts about Sarasota Costco, please click here.

There is still no public word about when Costco will begin demolition of the old Dillards store at Westfield Sarasota Square Mall in order to start construction of their new Sarasota Costco. That being said, I drove by over the weekend after attending the 2011 Crystall Classic Master Sand Sculpting Competition on Siesta Key and noticed that there is some pre-demo activity taking place. The photos below were taken on Sunday and it looks to me like the Sarasota Costco in Palmer Ranch may finally begin construction soon.

The original post I wrote about can be found here. http://activerain.com/blogsview/1819629/costco-in-sarasota-florida

The long awaited construction work for a new Lowe's on Palmer Ranch will finally commence. Original plans had the construction starting some four years ago but the downturn in the economy caused the home improvement giant to hold off plans until now.

The Lowe's on Palmer Ranch will be located on Central Sarasota Parkway between the formerAlbertson's store and the Bella Villino condominiums.

120 jobs are reported to be created when the opens which could be as soon as next January. Nearby residents will be pleased that they will no longer have to drive some 20 minutes to get to a large retail hardware store. Home Depot is currently the closest such store and is located next to the Super Walmart on Cattleman between Bee Ridge and Proctor. There is also a Lowe's store located at Fruitville and Cattleman. The new Lowe's on Palmer Ranch is a welcome addition.

For information about homes and condominiums on Palmer Ranch, please click here.

Palmer Ranch, Sarasota, Florida High Definition Video & Palmer Ranch Real Estate

Check out the link above for an HD video about Palmer Ranch, the master planned subdivision in Sarasota, Florida. Some of the neighborhoods in Palmer Ranch include Deer Creek, Silver Oak, Prestancia, The Isles, The Hamptons, Village Walk, Stoneybrook and Turtle Rock. Check out all of the Sarasota Neighborhood Videos.