Glad Midsommar/Happy Midsummer!!

Glad Midsommar önskar Team Nordstrom!/ Wishing you a Happy Midsummer!!


“HELENA & PER NORDSTROM: 5 STARS + 5 STARS = 10 STARS!!”

HELENA & PER NORDSTROM – 5 STARS + 5 STARS = 10 STARS!!
HELENA & PER WERE WITH US FROM DAY ONE TO TRY TO FIND A CONDO IN SARASOTA COUNTY – HAVING SOLD A HOUSE IN NC. – WE HIT THE GROUND RUNNING!! WE FOUND THAT CONDO – THEN THE PROBLEMS STARTED!! A NEW CONDO TO BE FINISHED IN JULY – WAS FINISHED IN
  JAN. WHAT MAKES HELENA & PER “REALTORS EXTRAORDINAIRE” WAS THEIR CONTINUED SUPPORT ALL THOSE MONTHS WAITING. THEIR SUPPORT AND FRIENDSHIP WAS SO IMPORTANT TO US AND WE ARE GRATEFUL FOR THEIR PROFESSIONAL EXPERIENCE AND GIVING PERSONALITIES. THEY ARE TERRIFIC AGENTS & FRIENDS. – Arwid & Frances Hansen, June 21018

 


Till salu – Smakfullt hus med pool och sjöutsikt i “gated community”

Detta smakfullt renoverade hus med pool och sjöutsikt i söder, är beläget i VillageWalk i Palmer Ranch i södra Sarasota. Med ca 180 kvm boyta 3 sovrum, 3 badrum samt arbetsrum/TV-rum, finns det plats för både familj och gästande vänner. Huset, som är byggt 2003, har ett helt nyrenoverat kök med granitbänkskivor och rostfria köksmaskiner, inklusive en vinkyl. Lättskötta ljusa kakelgolv överallt utom i master-sovrummet och ett av gästrummen, där det är ljusa heltäckningsmattor. Vardagsrummet, som är öppet mot kök och matplats, har högt i tak (12 fot) och en inbyggd bokhyllevägg med glashyllor och infällda spotlights. Den privata poolen nås genom de många skjutdörrarna som löper längs hela den södra sidan av huset. Öppna upp och låt känslan av “ute/inne” smälta samman. Den sol- och eluppvärmda poolen har en ny poolvärmare med helautomatisk fjärrkontroll för pool och bubbelpool. Pooldäcket erbjuder plats för såväl soldyrkare, lekar och bad, som sittplatser och matplats i skuggan. Huset har just fått en ny luftkonditionering installerad, och tvättstugan har tvättmaskin och torktumlare från 2016.

Trevliga VillageWalk är en sk. ”gated community” med bemannad gate/security och service avsett enbart för de boende i området. Här finns ett stort klubbhus, två poolområden, tennisbanor, fitness, kafe´, frisör, postkontor och bensinstation. Området erbjuder också kilometervis med cykelbanor runt de många sjöarna inom området.  Shopping, restauranger och de kritvita stränderna på Siesta Key finns inom enkelt räckhåll.  Begärt pris: 499,500 USD.

För mer information om detta objekt, eller andra objekt i Sarasota-området, kontakta oss!

Varma och soliga hälsningar,

Per & Helena


You’re invited… Open House on Sunday April 8th!


Open House on Sunday, February 11th 1 – 4 pm!


“They really used their professionalism and put in all efforts to make sure we got our condo sold. “

Me and my wife have all reasons for recommending Helena and Per Nordström ”Team Nordstrom” when you need a Real Estate Agent in Sarasota. They really used their professionalism and put in all efforts to make sure we got our condo sold. They are very easy to communicate with, which makes the whole process so much easier. Thank you again! – Nils-Arne Lindqvist, seller


“Per & Helena Nordstrom are the most professional realtors I have ever used.”

Per & Helena Nordstrom are the most professional realtors I have ever used. I was extremely satisfied with their
efforts on my behalf. I highly recommend Per & Helena Nordstrom if you are thinking of buying or selling in
Sarasota, FL. Sara D’Alessandro, seller. May 2017


“I am yet to find a more conscientious, on the ball, caring and knowledge team.”

Per & Helena are my friends as well as my brokers. I am yet to find a more conscientious, on the ball, caring and
knowledge team. I trust their judgement and advice as well as the execution of the contract, knowing that
they will act in my best interest. Moshe Yohann, seller. April 2017


“Helena truly epitomizes what an agent should be!”

Helena was our agent when we purchased a beautiful house this month. She was always mindful of our needs. She helped us find the right place in a special time limit. Helena truly epitomizes what an agent should be! – Bob & Emily Hamel, buyers, April 2017


“We have never met a realtor that was even close to assist as much as Helena did.”

We have for some time fallen in love with Anna Maria Island on Florida’s Gulf coast. This spring we thought “now or never” and decided to buy a condo. Since we didn’t know anything about the market in the U.S. we wanted help from a Swedish speaking realtor. We found Helena Nordstrom at Team Nordstrom, and so lucky we did.
Besides being a very nice person , she personally filmed and sent us video clips of the condo we were interested in. Her engagement to help us through all paperwork exceeded our expectations (as did the paperwork itself). When we finally crossed the Atlantic to meet with her, only a few signatures remained. She then also helped us to open an American bank account.
Over the years we have bought and sold quite a few apartments in Sweden, but we have never met a realtor that was even close to help us as much as Helena did. Today we not only see Helena as our realtor, but also as our friend.

Johan Hult and Inga-Lena Spansk
Mora, Sweden


“No other Agent gave us the 110% that the both of you did.”

Helena & Per:
Gary and I would like to Thank You for your excellent help in selling our home.  Your persistance and unwavering determination was a plus for us as no other Agent gave us the 110% that the both of you did.  Even when we were disappointed and ready to “call it quits” you convinced us that you would find a buyer.  You did find a buyer.  You kept us informed almost daily, took care of all the details and walked us through the process.  Basically all we had to do was sign on the dotted line.  Thank You Both for making this an easy transition.  We would highly recommend your services to anyone looking to sell their home or to purchase a home.  Best Regards,  Gary & Madeline Wilburn

July, 2016


Venice, FL – en pärla på Florida´s västkust!

Venice, FL – en pärla på Florida´s västkust!

Venice är beläget söder om Sarasota och räknas som en av USA´s trevligaste beachnära orter. Här är tempot lugnare än på många andra håll i Florida, men med en pittoresk stadskärna med uteserveringar och restauranger samt egen teater och konserthall, så finns det alltid något att göra efter att man tröttnat på bad, snäcksamlande och letande av fossila hajtänder på stranden.

Vi hjälper gärna Dig och Dina vänner att köpa, eller sälja fastigheter i Venice-Sarasota-Bradenton! Hör av Dig så berättar vi mer!

Varma och soliga hälsningar,

Per & Helena

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Klicka här för video om Venice, FL


Why Sarasota? This excellent video shows why more and more people discover this gem on the Florida Gulf coast!

You are looking to visit Florida and possibly buy properties here, but don´t know where in the state you would like to be? You are looking for beautiful beaches, an active lifestyle including golf and boating, but don´t want to miss out on art, opera, theaters, concerts etc.? Sarasota is the place for you!

This excellent new video produced by Premier Sotheby’s International Realty shows why more and more people discover Sarasota, FL and make it their home.  – January 26, 2016

 

Presentation video about Sarasota

SRQ


“Very professional and helpful.”

Helena and Per Nordstrom of Premier Sotheby´s International Realty were my Real Estate agents for the marketing and subsequent sale of my Condo in Meridian at The Oaks Preserve in Osprey, FL. The staging and photography of the apartment for the marketing, flyers and many internet sites, was excellent.  Both Per and Helena were very professional and helpful. -Patricia Morris, seller


“Willing to work hard.”

Both Helena and Per are easy to work with. They are willing to work hard to show the property, network with other realtors, and follow up with prospective buyers. We got more personal service and attention in trying to sell the house than we did with some other realtors. Would highly recommend them. – Pam Mooney, seller


“We could not have chosen a better team to work with than Per and Helena Nordstrom.”

Having just sold our first house in 15 years we were feeling a little overwhelmed by the new internet technology in the real estate market! We could not have chosen a better team to work with than Per and Helena Nordstrom.  Their thorough knowledge of the market and quick response to all of our questions put us immediately at ease.  As a team they were able to attend almost every showing at our house, even the last minute ones!  We are grateful for their guidance and patience in getting us through this process and look forward to working with them again in the future.  It was truly a pleasure!! Thanks so much, Lyn and Bill – sellers, September 2015

August 2015 inventory in Sarasota & Manatee drops; prices climb

The active inventory of properties for sale in Sarasota and Manatee counties continued to drop in August 2015, while the median sale prices skyrocketed over last year at this time, demonstrating a strong seller’s market in the region.

According to the Realtor® Association of Sarasota and Manatee, the inventory of single family homes and condos fell to a combined 3,303 in Sarasota County and 2,534 in Manatee County. This compares to 3,745 last August in Sarasota County and 2,724 in Manatee County, or declines of 11.8 percent and 7 percent, respectively. When the market reached an equilibrium between buyers and sellers in 2013, there were roughly 5,500 properties for sale in Sarasota County and 5,000 for sale in Manatee County. Those figures have trended lower for over 30 months, and the current level represents about a 40 percent drop from those recent norms.

The lower inventory continues to propel median sale prices in both counties. In Sarasota County, the single family median climbed 21.1 percent, from $195,750 last August to $237,000 this year. In Manatee County, the increase was 18.8 percent, from $223,000 last August to $265,000 this year. Condo prices were also up substantially, from $177,000 to $220,000 in Sarasota County (24.3 percent) and from $122,000 to $155,000 in Manatee County (27 percent). The median sales prices were propelled by 50 sales in the two-county region topping $1 million. However, balancing the high end were 647 sales below the $200,000 level in the two counties, or 36 percent of the overall market.

“The economic law of supply and demand has dramatically influenced our local market, as we are seeing big jumps in median sale prices year over year,” said Association President Stafford Starcher. “The lack of available inventory compared to the equilibrium levels, and particularly to our inventory peaks in 2006 when we were seeing over 15,000 properties on the market in both counties, is remarkable. Yet, despite the low inventories, we are continuing to see historically high sales numbers. Also, the lower days on market figures means fewer properties are languishing on the market. A property in good condition and priced right is generally selling very quickly.”

Median days on market were between 39 and 57 this August, compared to 55 to 70 days last August, a major drop that indicates homes are moving quickly once they are placed on the market. Also, the two-county area saw the month’s supply of inventory remain well below the 6 month level that defines a market in equilibrium between buyers or sellers. The figures now stand at between 3.2 and 3.6 months in both counties for both single family and condos.

In August 2015, there were a combined 1,709 total sales in both counties, down from July’s figure of 1,974 closings, but up over last August, when there were 1,649 closed sales. The first eight months of 2015 remain on a record pace, and depending on how the final four months fare, we could still see the year end with the highest number of sales in the region’s history.

Sales in Sarasota County hit 1,048 in August, down from July’s figure of 1,174. But the figure was up over last August, which saw 975 closings. Sales topped the 1,000 level for the sixth consecutive month – something that has never happened before in Sarasota County. Manatee County saw total sales of 661 in August, also down from the July figure of 768, and almost identical to the August 2014 total of 674.

“As we enter the fall months, recent history has shown sales have been up and down, with the last quarter traditionally experiencing a drop off,” explained Starcher. “But the fact that the Federal Reserve has so far declined to raise interest rates, and with the continuing improvement in the national and state employment picture, this leads me to be very optimistic about the short term future of our market. We will also have the return of our late fall and winter visitors, some of whom may be in the market to relocate to our area.”

New pending sales, which reflect new contracts written in the two-county area, were down about 5 percent from August 2014, with all categories slumping slightly. Pending sales often reflect the future direction of the market, and the numbers typically drop in August as the market takes a breather from the spring and early summer sales surge.

“This remains a strong market, with potential for future growth,” said Starcher. “Our agents obviously hope to see an increase in the available inventory as prospective sellers realize the opportunity and get into this market. If we see a turnaround soon in the inventory levels, combined with the traditional return of our winter visitors who often decide to move here permanently, I think we’ll have a healthy real estate market the foreseeable future.”

Source: Realtor Association of Sarasota & Manatee
Published: September 21, 2015

by Helena Nordstrom – TEAM NORDSTROM; sales associate, Premier Sotheby´s International Realty in Sarasota, FL


Just sold: 8838 Bloomfield Blvd, Sarasota, FL 34238

This beautiful home just sold. It´s located in Silver Oak, a gated community within Palmer Ranch in Sarasota,FL. It has 4 bedrooms, 3.5 baths, and with views over private backyard and preserves. The home was listed by Team Nordstrom for $719,000 and sold on September 9, 2015 for $702,000, 97.6% of asking price. 

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If you are in need of a real estate professional to assist you buy or sell a home in Sarasota, Osprey, Nokomis or Venice FL,  please call TEAM NORDSTROM – Per & Helena Nordstrom REALTORS at 941-228.7356, or email info@teamnordstrom.com. We would be happy to assist you!


“Professional, knowledgeable, and reliable”

The Nordstroms are very professional, knowledgeable and reliable. They did a good job marketing our property. We have been in very in good hands as sellers, since they looked out for our best. We highly recommend them as realtors. – Eric & Anette Anders, sellers, June 2015


“The epitome of professionalism!”

Helena Nordstrom was an outstanding agent in helping us to sell our lot. She was the epitome of professionalism. She helped find interested parties from her international network, was diligent in updating us on the state of the market and the interest of those parties, and worked hard and creatively to find buyers. I recommend her without reservation. – Jim Swift, seller  2015


“Impressed with their work ethic.”

We were very happy being represented by Per and Helena. They’re knowledge of the Real Estate world in Sarasota was spot on and we believed that helped sell our home. We were particularly impressed with their work ethic. They are both very hard workers and we felt confident that their dedication would pay off, which it did. We highly recommend them.

Jim and Mary Ann Schwarzbach, sellers May 2015


TEAM NORDSTROM – Open house on Sunday June 28th, 1-4 pm

Come see us and our beautiful listing!

Silver Oak – 8838 Bloomfield Blvd, Sarasota, FL 34238. List price: $735,000
Attractive curb appeal and exterior w circular driveway, stone entry columns and stone quoins. Coffered ceilings, crown moldings, gas fire place and more. Upstairs bonus room. Screened-in pool and spa area with two covered sitting areas. Large master suite with bay window.

 

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For more information about this or other area listings, please contact us.

Let us assist you and your friends when buying or selling a home!
Hope to see you Sunday!
Per & Helena

 


GLAD MIDSOMMAR!

 

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En riktigt GLAD MIDSOMMAR önskar vi Dig!

Varma & soliga hälsningar
från
Per & Helena


TEAM NORDSTROM – Open houses on Sunday June 7th, 1-4 pm

Come see us and our beautiful listings!

1. Sorrento Shores – 509 Rembrandt Drive, Osprey, FL 34229. List price: $875,000

Waterfront property on over half an acre directly on the Intracoastal Waterway with dock & covered boat lift. Home with split floor plan with two master suites, large lanai and screened-in pool area w Tiki Bar. The best value on the Bay?

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2. Silver Oak – 8838 Bloomfield Blvd, Sarasota, FL 34238. List price: $735,000

Attractive curb appeal and exterior w circular driveway, stone entry columns and stone quoins. Coffered ceilings, crown moldings, gas fire place and more. Upstairs bonus room. Screened-in pool and spa area with two covered sitting areas. Large master suite with bay window.

 

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For more information about this or other area listings, please contact us.

Let us assist you and your friends when buying or selling a home!
Hope to see you Sunday!
Per & Helena

 


Memorial Day 2015


April 2015 sales in Sarasota County hit all-time high!

Property sales in April 2015 in Sarasota County totaled 1,224 (791 single family and 433 condos), exceeding the all-time high reached in April 2004 by a single sale, according to Realtor Association of Sarasota and Manatee.

Manatee County recorded 813 sales (539 single family and 274 condos), not a record, but very high compared to recent months. The historic level of sales activity has been driven by several factors, according to local real estate leaders.
Sales levels in both Sarasota and Manatee counties have been bubbling at the top of historically high levels for several months. In March, overall Sarasota County sales were just below the all-time high, while Manatee County sales were also much higher than the traditional volume seen in recent years. In April, the record in Sarasota was finally exceeded, while in Manatee, sales remained at near the highest level in history. At the current pace, both counties will exceed their all-time annual highs in 2015.

“The Sarasota-Manatee region is one of the hottest markets in the nation because we have tremendous weather, an amazing natural environment, great business climate, good schools, exceptional shopping, and unmatched cultural amenities,” explained Association President Stafford Starcher. “The fact that people want to move here and buy property here is no surprise, and we are no longer a secret in the national and international marketplace.”

In Manatee County, single family homes were selling at a median price of $256,500 in April, up 16.6 percent over last year’s April figure of $220,000. The condo market was selling at $145,000 – a big 9.8 percent higher than last April’s figure of $132,000. Median sale prices were also on the upswing in Sarasota County, with single family homes hitting $221,990, or 13.1 percent above last year’s April figure of $196,250. Condo prices were at 191,400 in April, or 4.3 percent above last April’s figure of $183,500.

“The price level is dependent to a large extent on available inventory, and our inventory has been very low in recent months,” explained Starcher. “Single family and condo listings are down by double digit percentage in Sarasota County from last year at this time. Manatee County has seen similar numbers. We haven’t seen inventory levels this low since last fall, and this market reality tends to propel price appreciation.”

Future sales, which can be projected from the pending sales figure, still look bright in both counties. Sarasota County saw 1,127 new pending sales in April, almost identical to the March number and about 11 percent above last April’s figure. The pending inventory reached 1,713 total. In Manatee County, new pending sales were at 770, down from last month, but above 6 percent above last year at this time. Pending inventory stood at 1,151.

The month’s supply of inventory was between 4.2 and 4.5 months for both counties and for both property categories – well below the 6 month level that defines a market in equilibrium between buyers or sellers. At present, sellers remain in command, based upon that market statistic, which is also reflected in the rising median sale prices.

Distressed sales, short sales and foreclosures, dropped again in April 2015, and now represent only 15.6 percent of the Sarasota County sales and 15.7 percent of the Manatee County sales. In April 2014, over 20 percent of closed sales in Sarasota County and 25 percent in Manatee County were distressed properties.

Distressed property listings fell to only 6 percent of total inventory in Sarasota County and only 7 percent in Manatee County – a major drop from recent months when the figure hovered around 20 percent.

“This is truly an historic time for our real estate market, and residents and visitors alike should be exploring their options when it comes to buying and selling homes and condos,” said Starcher. “There is a steady, positive nature to all the numbers I’m seeing, and this indicates a healthy market with tremendous potential going forward.”

By Helena Nordstrom, sales associate, Premier Sotheby´s International Realty. May 21, 2015.

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Just sold by Team Nordstrom – townhouse in Osprey, FL

This lovely townhouse in Blackburn Point Marina Village, Osprey just sold by Team Nordstrom. It has three bedrooms, 3 baths, and is conveniently located just off the northern bridge to Casey Key at Blackburn Point. This home sold on April 24, 2015 for $300,000.

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If you are in need of a real estate professional to assist you buy or sell a home in Osprey, FL, or the surrounding cities in Sarasota County, please call TEAM NORDSTROM – Per & Helena Nordstrom REALTORS at 941-228.7356, or email info@teamnordstrom.com. We would love to assist you!


Just sold: 409 N Point Rd unit 602, Osprey, FL 34229

This is an exquisite condo in Meridian at the Oaks Preserve, an exclusive gated community within the fashionable The Oaks Golf & Country Club in Osprey, FL. It has 3 bedrooms, 3 baths, and is overlooking Intracoastal Waterways, Casey Key, Siesta Key and the Mexican Gulf. This home was listed by Team Nordstrom and sold on April 8, 2015 for $435,000. 

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If you are in need of a real estate professional to assist you buy or sell a home in Osprey, FL, or the surrounding cities in Sarasota County, please call TEAM NORDSTROM – Per & Helena Nordstrom REALTORS at 941-228.7356, or email info@teamnordstrom.com. We would love to assist you!


Come and view these extraordinary homes on Sunday, March 8th 1-4pm:

1. Sorrento Shores – 509 Rembrandt Drive, Osprey, FL 34229. List price: $895,000
This waterfront property with dock and covered boat lift sits on over half an acre directly on the Intracoastal Waterway across from Casey Key. The best value on the Bay?? Home from 1972 with great potential. Conveniently located on the mainland in Osprey, between Sarasota and Venice with shopping, restaurants and Pine View School close by.

2. Cape Haze – 80 Buccaneer Bend, Placida, FL 33946. List price: $1,750,000
Magnificent Key West-style home from 2002 located directly on Intracoastal Waterway in Cape Haze West, Placida. Boater´s dream home w 109 feet of see wall with deep water dockage for four boats, two boat lifts (one covered). Home with almost 5,900 sg ft of living space; spacious eat-in kitchen w granite counter tops and stainless steel appliances, separate dry bar with wine cooler, family room with Coquina stone fireplace. Separate formal dining area and living room. Media room/home theater with comfortable recliner seating for eight. West facing veranda & 2nd floor balcony with expansive views over water and sunsets. Elevator, wine cellar, three AC systems, Manablock plumbing and security system.

3. The Trails– 8757 Viking Ln, Lakeland, FL 33809. List price: $385,000
Priced now $30,000 below appraised value! This custom-built home from 1991 sits on almost an acre in the secluded The Trails/Lakeland Country Club. Cathedral ceilings, deep windows and sliding doors provide for maximum light. Wood burning fireplace in family room. The kitchen with slate flooring has white wood cabinets; an island and a large eat-in area open to the adjacent family room and lanai. The tiled lanai/pool area and pool were completely resurfaced in 2011.

Let us assist you and your friends when buying or selling a home!

Per & Helena


Wishing you a Happy New Year 2015!

Happy New Year


Welcome to Sarasota – a lot more than beautiful beaches!

Sarasota is one of Florida’s primary Gulf Coast cities and offers visitors not only pristine sandy beaches, but an eclectic blend of culture and fine dining, circus thrills s, and a wide array of shopping opportunities. The John and Mable Ringling Museum of Art pays homage to the Ringlings, the family behind America’s most famous circus. Check out the old costumes, wagons, and the world’s largest miniature circus at the Circus Museum. Art lovers can appreciate the largest collections of Rubens canvasses in the world, plus works by Old Masters. You can also tour Ca’ d’Zan Mansion, a magnificent 56-room Venetian Gothic palace and the Ringlings’ old family home. Fine shopping is available in many places, including St. Armand’s Circle close to Lido Beach on the coast. Explore the wildlife and Old Florida by boat and kayak along Myakka River and in the Myakka State Park.SRQMiscellaneous Sarasota (15)ringlingmuseumSouthbay 6asolo-repertory-theatreSunset over pool15-113


Eget hus på golfbana i Florida!

Ett eget hus vid golfbanan är något som många drömmer om!
I sydvästra Florida finns många av USAs bästa golfbanor och varma och solsäkra Florida erbjuder fantastiska förutsättningar för spel året runt.

Vi har nöjet att just nu erbjuda två fina hus som ligger i två mycket trevliga Golf & Country klubbar. Det ena huset ligger längs 4:e fairway på The Tributary Curse i River Strand Golf och Country Club i Bradenton, strax norr om Sarasota. Ett fantastiskt fint område med som vuxit fram under se senaste 5 åren.  Nybyggt, mycket välskött och påkostat. Området är ”gated” och har dygnet runt ”security”. Medlemskapet i klubben som ingår när man köper ett hus innehåller förutom 27 håls förstklassig golf, också 8 Har Tru tennis banor, ett imponerande poolområde i ”resort-klass”, ett fitness center och ett 3500 m2 stort klubbhus med full service restaurang, bar och grill room mm.

Det andra huset är en golf-villa i Stoneybrook Golf & Country Club i Sarasota. En väl etablerad och mycket populär ”golf-community”,  bara ca 10 minuter från Siesta Key Beach som nyligen utnämndes till USAs bästa strand. Golfbanan,  designad av Arthur Hills, är utmanande och trevlig. Området som är ”gated” erbjuder också tennis, ett komplett fitness center, gång och cykelstigar och ett nyrenoverat klubbhus med flera restauranger och barer. Även här ingår medlemskap i klubben när man köper en fastighet i området.

Uthyrning
Många har inte möjlighet att använda sitt hus året runt och vill passa på att hyra ut och på det sättet låta intäkterna täcka kostnader för drift, skatt och försäkring. Både River Strand och Stoneybrook har generösa uthyrningsregler och uthyrning är tillåtet upp till 12 ggr/år. Klubbarna tillåter också att man tillfälligt transfererar medlemskapet till hyresgästen, något som många golfklubbar inte skulle tillåta.

Verkar detta intressant? Slå gärna en signal så kan vi berätta mer. Eller använd vår sökmotor på  www.teamnordstrom.com för stt själv söka bland de över 10000 hus och lägenheter som är till salu i denna del av Florida. Kontakta sen oss om du vill ha mer information om något av objekten.


Varma & soliga hälsningar!

Per & Helena Nordström – TEAM NORDSTROM, svensktalande fastighetsmäklare
Sales associates Premier Sotheby´s International Realty, Sarasota, FL

 


Property sales continue hot streak in Sarasota County – statistics May 2014

The early summer started as hot as the spring in Sarasota County for property sales, with exactly 1,100 closed sales reported in May 2014 – 747 single family homes and 353 condominiums. The figure was slightly lower than April’s total of 1,195, and also slightly lower than last May, when 1,127 closings were reported in the My Florida Regional MLS system. The first five months of 2014 remain ahead of the scorching pace of 2013, an historic year for property sales in the county with the second highest number of sales in SAR’s 91 year history.

“Sarasota County real estate is such an amazing success story in the past two years, particularly coming from where we were in 2010,” said Sarasota Association of Realtors® President Peter Crowley. “I think this is a tribute not only to our home market, which is one of the best in the nation, but also to our collective group of SAR brokers and agents who have truly upped their game. We emerged from a tough environment and are now leading the pack.”

Distressed sales remained far below the levels experienced four years ago, indications of a strong market returning to historic norms. In May 2014, 19 percent of sales were short sales or foreclosure sales. This was up somewhat from the 16.6 percent figure in April 2014, but slightly lower than May 2013, which saw 20.7 percent distressed sales.

Single family homes and condos are apparently priced right, as the median sale price figures continued to be very steady in May. The single family and condo median sale prices were both slightly higher than last year in May, and slightly lower than last month. The median sale price for single family homes was $191,500, a drop of 2.4 percent from April’s figure of $196,250, and for condos was $175,000, a drop of 4.6 percent from last month’s figure of $183,500. Median prices last May were at $189,950 for single family (virtually identical to this year) and $165,000 for condos (for a 6 percent increase this year over last).

The median sale price for the 12-month period ending in May, which moderates monthly swings, was $189,900 for single family homes, about 15 percent higher than the previous 12-month period. For condos, it was $170,000, up 8.8 percent over the previous 12-month period.

Pending sales remained strong in May 2014, hitting 1,042 after last month’s total of 1,040. This should translate to sales in June coming in near the level seen in May. Last May, pending sales were also just over 1,000.

Inventory levels dropped in May 2014 to 4,513 from April’s figure of 4,728, representing a 4.5 percent drop. Last May, inventory stood at only 3,905 homes and condos for sale in the county. The low point in the recent market was in July 2013 at 3,747, far lower than the current level.

The month’s supply of inventory stood at 5.0 for single family and 4.6 for condos. Last month, those figures were 5.3 and 4.7 respectively, and last year at this time they were 4.6 and 5.0 respectively. “We hope for continued positive numbers in the months ahead, and everything we are seeing indicates that will be the case,” said Crowley. “We haven’t experienced the type of volatility in the market that we were seeing just a few short years ago, and sometimes in real estate as in boating, a calm, steady sea isn’t so bad. We have a solid, strong market here in Sarasota.”

Source: SAR Sarasota Association of Realtors, June 23, 2014

by Helena Nordstrom – TEAM NORDSTROM, sales associate, Premier Sotheby´s International realty


Fantastiskt sjöställe i Cape Haze erbjuds till försäljning av TEAM NORDSTROM

 

Till salu! TEAM NORDSTROM har det stora nöjet att erbjuda detta exklusiva objekt till försäljning.Arkitekt-ritat hus i Key West-stil, byggt 2002 och med ett fantastiskt läge direkt på Intracoastal Waterway i Cape Haze, FL, strax norr om Boca Grande, vilket räknas till ett av världens bästa områden för tarpon-fiske. Det stora huset i tre våningar med hiss om ca 650 kvm boyta erbjuder bl a 4-5 sovrum, arbetsrum, två öppna spisar och hemma-bio med bekväma fåtöljer för åtta personer. Garage för tre bilar samt goda ekonomiutrymmen inklusive stor vinkällare. Stor sjötomt om ca 2565 kvm.
Den vidsträckta brygganläggningen erbjuder fyra båtplatser med segelbåtsdjup, varav två med ”boat lifts” och en med skärmtak, samt en drygt 33 meter lång kaj. Mittemot fastigheten, på andra sidan vattnet, ligger den vackra och exklusiva Don Pedro State Park Island, ett vackert naturreservat med milsvid sandstrand direkt på Mexikanska Gulfen.Pris: USD 1,895,000Kontakta oss gärna för mer information om detta eller andra objekt till salu i Tampa Bay-området.
Vi assisterar gärna Dig och Dina vänner vid köp och försäljning av fastigheter i Florida!

Varma & soliga hälsningar,
Per & Helena

Virtual tour – 80 Buccaneer Bend

https://www.youtube.com/watch?v=ztJvnUKCY40

Listing #:A3998151
Price: $1,750,000
Address: 80 Buccaneer Bend
City: Placida
State: Florida
Zip: 33946
Built: 2002
Bedrooms: 4
Bathrooms: 3(1)
Living area sq ft: 5,887
Total square feet: 9,448
County: Charlotte
Subdivision: Cape Haze West
View map of this location


“Salesmanship!”

I would like to compliment “Team Nordstrom”, Helena and Per, on the fine job and efforts they extended to me in selling my home.  Not only was their work very professional, but the time extended to the sale of my home was unbelievable.

Not only did they have several Realtor showings, but spent almost each of their Sundays in my home doing “Open Houses”.  The also gave me immediate “feedbacks” on each and every one of the showings.

I would recommend Helena and Per Nordstrom as prospective Realtors to anyone interested in selling their home. I would definitely use them again, if need ever be necessary.

Mary Carter – seller. May, 2014


“Congress clears bill to ease flood insurance hikes” (FAR)

On March 14, 2014 the Senate passed a flood insurance bill that will become law once President Obama signs it, which he intends to do according to his staff members. This bill will no longer require the cost of flood insurance to readjust upon the sale of a home in an area where the Federal Emergency Management Agency (FEMA) subsidizes policies. The purchaser of a home will be treated the same as the current property owner, which is great news for both buyers and sellers of waterfront properties and properties requiring flood insurance for mortgages. It will also make it possible for insurance agents to write NFIP flood insurance policies, as they did before. The new bill re-instates grandfathering, which protects old properties built to code at the time of construction from rate hikes that result from new data. The grandfathering stays with the property, not the policy and the annual FEMA rate increase is capped at 18%.

Source: Florida Association of Realtors (FAR), March 14, 2014
by Helena Nordstrom – TEAM NORDSTROM, sales associate
Premier Sotheby´s International Realty, Sarasota, FL


Florida cities tops in nation for home price increases

A report from Black Knight Financial Services (formerly Lender Processing Services) finds that December
home values in the U.S. are within 13.9 percent of the peak reached in 2006.

Black Knight’s Home Price Index (HPI) found nationally that home values rose 0.1 percent month-to-month (compared to November 2012 numbers) and 8.4 percent year-to-year. The high point for U.S. home prices was $270,000 in June 2006. In December, the HPI found a median of $232,000.

From Black Knight’s analysis, it appears most U.S. cities saw their biggest price spike last year, and their dramatic price increases have begun to slow to a more balanced level.

Florida, however, seems to buck that trend a bit, with home prices still climbing faster in comparison to other U.S. states and cities. According to Black Knight, Florida prices rose 0.6 percent month-to-month in
December, coming in second to top-ranking New York with a 0.7 percent rise. However, Florida cities logged eight of the top 10 spots for “Biggest Movers” when comparing metro areas. Only two other U.S. cities even made the list.

Biggest metro area movers month-to-month

1. Miami, FL: 1.2% month-to-month December price increase
2. Sarasota, FL: 0.9%
3. Key West, FL: 0.7%
4. Fort Walton Beach, FL: 0.6%
5. Poughkeepsie, NY: 0.6%
6. Lakeland, FL: 0.6%
7. Port St. Lucie, FL: 0.6%
8. Tulsa, OK: 0.5%
9. Naples, FL: 0.5%
10. Palm Bay, FL: 0.5%

To calculate its HPI, Black Knight says it looks at repeat sales prices and its loan-level databases. It claims the numbers take REO and short-sale price discounts into consideration.

Source: Florida Association of Realtors (FAR), February 26th, 2014

by Helena Nordstrom – TEAM NORDSTROM, sales associate
Premier Sotheby´s International Realty, Sarasota, FL


“2014 begins with Sarasota County market heating up” – SAR

New listings in Sarasota County were up substantially in January 2014, sending the total inventory to a 32-month high level, up 10.6 percent from December 2013 and yet another sign of a market in a strong recovery period.

In a recovering market, new listings and the overall inventory generally rise as sellers raise their estimation of a property’s value, but the increase normally occurs only after the market has turned up. Inventory levels are now 30 percent above the recent low in July 2013, only six months ago.

In addition, the Sarasota County market continues to witness strong price appreciation, comparing January 2014 to the previous January numbers. The median sale price for single family homes was up 21.3 percent and for condos was up 17.1 percent. While prices are markedly higher than last year at this time, prices have actually ranged in a narrow band for the last five months for condos, and for the past 11 months for single family homes. The steady nature of the median sales price is another indicator of a healthy market, without wild fluctuations or unsustainable price appreciation that was experienced in 2004-2006.

The 12-month rolling median, which moderates monthly swings, for single family homes was $187,000 in January 2014, up about 20 percent from last year at this time. For condos the rolling median was $165,000, up 10 percent over last year’s figure at this time.  Pending sales rose significantly in January from the previous several months, but were lower than last January’s figures. Because of the typical length of time it takes to bring a sale to the closing table, economists consider pending sales to be a good indicator of potential future closed sales.

January 2014 closed sales were up 10 percent over last January, but down from December, a typical trend historically. During the past few years, closed sales have increased significantly in February through June. Local Realtors® are hoping that trend continues and are gearing up for a robust spring buying season. For the full year 2013, Sarasota County had the second highest number of sales ever tracked in the MLS system at 11,184, so the good start in 2014 may be a harbinger for yet another strong year.

“The Sarasota County real estate market saw near record sales last spring, so anything approaching that level would be welcome news,” said Sarasota Association of Realtors® President Peter Crowley. “The fundamentals of the market would certainly indicate a solid spring ahead. The state tourism level just hit a record high. We have had a mild winter while the northern states have experienced heavy snowstorms, and that tends to drive the level of visitors up. Once people see what Sarasota has to offer, many tend to want to relocate. And that’s where our members can certainly help.”

Sales of distressed properties represented 24.9 percent of overall sales in January 2014, up slightly from December 2013, but much lower than the 50 percent level experienced in 2011. The current inventory includes about 12.1 percent distressed properties, down from the 12.5 percent in December. A healthy real estate market is important to not only Realtors®, but to the local economy in general, with many adjunct businesses relying on home sales to spur profits.

“Our real estate market is a bright spot in an economy that has turned the corner,” Crowley noted. “The strength of the market helps produce many jobs, in the real estate field and also in many other businesses that supply goods and services to the home industry. It’s really great news for everyone when home sales are up. The unemployment rate drops, salaries tend to rise, and families prosper.”

Source: SAR – Sarasota Association of Realtors, February 20, 2014

by Helena Nordstrom – TEAM NORDSTROM, sales associate
Premier Sotheby´s International Realty, Sarasota, FL


“Anna Maria Island, FL – one of the prettiest towns in America!”

Just south of Tampa, Anna Maria is a Gulf Coast beach town that has managed to avoid the sort of overdevelopment that plagues similar areas nearby – so it retains a certain small-town coastal Florida charm. With a high proportion of residences being second homes or vacation homes, Anna Maria tends to be much quieter as well. The entire city is a protected bird sanctuary, and don’t be surprised if you happen to meet a manatee during your morning swim. “It’s an important sea turtle hatching ground, and for much of the year, there just aren’t that many people on it,” says Jason Cochran, editor in chief of Frommer’s.com.  “What’s funny is that even though it’s at the bottom lip of Tampa Bay, nine people out of ten in Florida don’t even know where it is. European tourists have discovered it, but it seems like Floridians have been the last to find out.”

Read the full article by clicking on the link below:

http://www.forbes.com/pictures/efel45fhdf/anna-maria-florida/

Source: Forbes.com, January 22, 2014

Anna Maria Island


“Represented us as buyers in the best possible way!”

We just thought to let you know, how pleased we are with our Realtors Per and Helena Nordstrom. They have been very honest and reliable when it came to purchase our home in Nokomis. They have represented us as buyers in the best possible way. They have served us above what we had expected, and for sure “walked an extra mile” for us. We will recommend them to our European friends, and when it comes to buy or sell a home in the future, we for sure want them as our realtor. – January 2014, Lars Wangmo, M.D.


Happy New Year 2014!

We would like to thank all our friends, new and old clients for a terrific year 2013 and wishing you all health, peace and a prosperous 2014!

Let us assist you and your friends when buying or selling a home in the Sarasota area!

Sincerely,
Per & Helena

hero


Single Family Home Median Prices in Sarasota Up 20.6 Percent

Median sale prices for single family homes sold in Sarasota County in November 2013 were up 20.6 percent over last November, according to the latest statistics from SAR (Sarasota Association of Realtors) that was published today. This is a clear sign that recent price appreciation in the single family home market is continuing. Single family home prices were at $187,000 this November compared to only $155,000 last November. For condos the rolling median prices rose with 10.1 percent over last year at this time.
With continuous high number of sales, 760 property sales (531 single family homes and 229 condos) the current inventory of properties for sale is 4,288. This translates into an inventory in Sarasota County of 5.4 months for single family and 6.1 months for condos; the number of months of inventory it would take to deplete the current inventory at the current sales rate.  A 6 months inventory is considered a balanced market between buyers and sellers.
Sarasota currently seems to be experiencing the traditional increase in seasonal residents and visitors. Based on trends from previous years, we should anticipate a busy market in the mid-winter and early spring months.

 

by Helena Nordstrom, Sales Associate, Premier Sotheby´s International Realty, Sarasota, FL

Source: SAR (Sarasota Association of Realtors)


“Dedication beyond the normal”

Here’s hoping you and your family have a very happy Christmas and New year. It’s been over a year since my apartment sold and I wanted to thank you again for the wonderful job the both of you did. Your dedication and thoughtfulness went way beyond the normal. I have worked with 5 real estate brokers over the years but your team is far and away the best. Thanks again. All the best. Jack Piccolo, December 2013

 

 


Sarasota – The Cultural Center of South West Florida

Sarasota is not just offering some of the best beaches in the United States, Siesta Key Beach, but it´s also one of the best destinations in Florida if you have an interest in cultural events. With dozens of performing arts venues, renowned opera, theatre and ballet companies, numerous art museums, a thriving visual arts community and art festivals that draw visitors from across the globe, there is something for everyone to do “after beach”.

The foundation of art in Sarasota rests firmly on the John and Mable Ringling Museum of Art, housed on the site of the circus magnate’s former estate on the shore of Sarasota Bay. Did you know that one of the largest collections of Rubens canvasses in the world is in Sarasota?
The Ca d´Zan Mansion, a magnificent 56-room Venetian Gothic palace served as the Ringling’s residence and is now a museum open for tours. The Circus Museum shows the history of Sarasota’s relationship with the Ringling Circus.
Ringling’s Historic Asolo Theater was built in Italy in the late 1800s and then dismantled and reassembled on the Ringling grounds in the 1940s. It now serves as the home of a professional theater company that performs an array of award-winning programs in the Asolo Repertory Theatre complex. Art galleries are found in downtown Sarasota and along St Armand´s Circle. Thanks to Ringling College of Art and Design, Sarasota is home to a thriving community of young artists who regularly show their work at exhibits at the numerous galleries around Sarasota.

Performing arts of all kinds thrive in Sarasota. The Sarasota Opera in downtown Sarasota, now in its 52nd season, is housed in its newly renovated art deco building from 1926. The Frank Lloyd Wright Foundation-designed Van Wezel Performing Arts Hall, hosts travelling shows ranging from musical acts to Broadway revivals with world class performers. The Sarasota Orchestra is the oldest continuing orchestra in the state, while the Sarasota Ballet has featured several world premieres under the direction of internationally famed Iain Webb.
Sarasota is also hosting many local festivals and events, that have made Sarasota a destination for visitors and artists; the Sarasota Film Festival in April, the Sarasota Film Society Cine-World Festival in November, the Sarasota Music Festival in June and the Sarasota Blues Fest which rocks into town in September. Arts and crafts are highlighted at the annual Atomic Holiday Bazaar with its funky modern arts and crafts every December. Ringling Museum, in conjunction with the Baryshnikov Arts Center in New York, recently started its own event: The Ringling International Arts Festival, which brings together performers from across the globe for a week-long celebration of art in all its forms.

Read more:
www.visitsarasota.org
www.ringling.org
www.sarasotaopera.org
www.sarasotaballet.org
www.sarasotaorchestra.org
www.vanwezel.org
www.asolorep.org

by Helena Nordstrom, Sept 2013 – Team Nordstrom, sales associate,
Premier Sotheby´s International Realty, Sarasota, FL


“NORDSTROM is coming to Sarasota, FL”

Well, we are already here!
With our last name being Nordstrom we often get the question: “Are you related to the owners of the famous store NORDSTROM? ” Truthfully, we don´t know and probably not. Nordström is a fairly common Swedish name. However, we did some research about the store and its founder, John W Nordstrom. We realized that we do have one important thing in common, not just the name: we share the same approach to business. We both strive to offer our clients exceptional service, quality and value!

In 1887, 16-year-old Johan Nordström left his home in Alvik, a village outside Luleå in the northern part of Sweden for the promise of New York City. He arrived with $5 and the first years in the land of opportunity were hard.  He worked his way across the continent taking jobs on railways and in mines, lumber camps and shipyards, eventually arriving in Seattle, Washington in 1896 and changed his name to the more Anglicized John W. Nordstrom.
One morning in 1897, he saw a newspaper headline: “Gold found in the Klondike in Alaska”; he made the decision to leave for Alaska and the very next day he bought his ticket. With the hard labor, rough terrain and overabundance of eager workers, things were no easier there. John persevered and within two years earned $13,000 from a gold-mine stake.
John returned to Seattle eager to invest his money. He reunited with Carl Wallin, a Swedish friend from his Alaska days who owned a shoe-repair shop in downtown Seattle. In 1901, they opened Wallin & Nordstrom, a small downtown shoe store and the humble beginning of what was to become NORDSTROM, Inc.

From the start, John’s approach to business was to provide exceptional service, selection, quality and value. The idea resonated with a devoted customer base, and in 1923 the partners added a second store. In 1928, John retired and sold his share of the company to his sons Everett and Elmer. Carl Wallin retired a year later and also sold his share to the Nordstrom sons. John’s third son, Lloyd, joined the team in 1933.

By 1960, the downtown Seattle shoe shop had become the largest shoe store in the country, and the company was the largest independent shoe chain in the United States. Looking for new ways to spread its wings, Nordstrom ventured into the women’s clothing market with the purchase of Seattle-based Best Apparel in 1963. With the purchase of a Portland, Oregon, fashion retailer three years later, Nordstrom now offered Northwest customers a selection of shoes and apparel under the new name Nordstrom Best. Men’s and children’s wear were added in 1966; business prospered and two new Washington stores followed soon after. In 1968 the three Nordstrom brothers handed the company over to the third generation: Everett’s son Bruce, Elmer’s sons James and John, Lloyd’s son-in-law Jack, and family friend Bob Bender. Going public in 1971, the company was formally renamed Nordstrom, Inc.

Today, a fourth generation of the Nordstrom family, along with an executive team, helms the company in partnership with a talented team of innovators and fashion leaders. From one tiny shoe store, Nordstrom has grown into a fashion specialty chain with global reach. In 2011, the company achieved an all-time record for total net sales at $10.5 billion.

Nordstrom currently operates a total of 252 stores located in 34 states, with 117 full-line stores, 132 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Looking ahead, the company plans to open three new full-line stores in 2014, followed by the opening of its first Manhattan store in 2018. Nordstrom expects to reach a total of 230 Rack stores by 2016. Plans are under way to open Nordstrom’s first full-line stores in Canada at premier shopping centers in Calgary, Ottawa, Toronto and Vancouver. In October 2014 the Sarasota store, NORDSTROM Rack is scheduled to open in The Mall at University Town Center.

Sources:
www.nordstrom.com
www.wikipedia.com

By Helena Nordstrom, Sept 2013 – TEAM NORDSTROM, sales associate,
Premier Sotheby´s International Realty, Sarasota, FL

 


“July 2013 Sales Up 30.3 Percent Over Last Year” – Sarasota Association of Realtors

The Sarasota real estate market continued an amazing streak in July, with members of the Sarasota Association of Realtors® closing 911 sales during the month – a 30.3 percent increase over July 2012, and 3.2 percent higher than the June 2013 total. The first seven months of 2013 are still tracking to make the overall year one of the biggest in SAR’s history. There wa also a major rebound in the median sale price for single family homes, where the price went from $200,000 in June 2013 to $227,500 in July 2013, a 13.75 percent increase.
For the 12-month rolling median price, the single family home figure was at $195,000, a 16 percent increase over last year at this time when the rolling median price was at $168,500. If current trend levels continue, this will be the biggest year-to-year increase for single family home prices in four years.
“With sales up dramatically and prices also trending upward, the popularity and strength of the Sarasota market is unquestionable,” said SAR
President Roger Piro. “The quality of the properties on the market, plus our overall attraction to both domestic and foreign buyers, has made this one of the best years on record to this point.”

The condo market shows decreasing prices and volumes. Condo prices have been up and down throughout the year, hitting a low of $130,000 in January and a high of $194,500 in May. An increase in condo sales below $100,000 in July, coupled with a decrease in sales of properties over a million dollars, caused the statistical lull. The 12-month rolling median was at $170,000 for condos, 2 percent higher than last year at this time when the figure was at $167,000.

The inventory, or the amount of available properties for sale, rose slightly in July to 3,152, a mere 1 percent higher than June’s figure of 3,114, which was the lowest level in longer than a decade. July’s inventory represents a 13 percent drop from last year at this time. Declining inventory generally results in greater competition for available homes and condos and subsequent price escalation.
Pending sales stood at 909 in July 2013, down about 10 percent from the 1,024 figure in June 2013 and slightly lower than last July’s total of 919. Pending sales represents properties that went under contract during the month, and indicates sales in August and beyond could also be at near record high levels.

“The fact that we saw sales 30 percent higher this July than last July seems to be the biggest news this summer in local real estate,” said Piro. “Most agents are clearly not taking the summer off and vacationing, because the buyers are here and they are anxious to buy in
this area. This is a positive, historic time, and the moderate rise in single family home prices coupled with the fluctuating condo market prices indicates we are not seeing a new bubble. This is just a genuinely popular place to live and invest in real estate.”

The July 2013 months of inventory stood at 3.1 months for single family and 4.6 months for condos, with both property categories very near the lowest level in the past decade (achieved in May 2013 – 3.0 and 3.9, respectively). Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last July there were 4.5 months of inventory for single family homes and 7.5 months of inventory for condos.
Currently, 364 properties listed for sale in the MLS are short sales or foreclosures, down from last month’s figure of 379. This represents 11.5 percent of available properties, down from last month’s figure of 12.2 percent.

Sales of distressed properties represented about 24.9 percent of the overall sales in July 2013, up slightly from the June figure of 23 percent, but much lower than the 51 percent figure experienced in the fourth quarter of 2010. For single family homes, 25.8 percent of sales were distressed
last month, and for condos, 22.3 percent were distressed. “Last year we saw the market continue to show strength through the end of the year, so I’m hoping for the same in 2013,” said Piro.

Source: Sarasota Association of Realtors (SAR)

by Helena Nordstrom – Team Nordstrom, sales associate – Premier Sotheby´s International Realty, Sarasota, FL

 


“Excellent assistance!”

When we decided to buy a vacation home in Orlando, Florida we contacted Helena at Team Nordstrom. We cannot say enough about how much she helped with the whole process and completely understood our needs and wishes. Being from Sweden the whole process of buying in the US seemed a bit overwhelming at first but with the greatest patience she worked it all through with us so that we could understand everything and take the right decisions. She dedicated two full days to help us find the villa that we have now owned for a year and we could not be happier! We would highly recommend working with Helena for her excellent assistance and her vast knowledge in the real estate business. If you want someone who is dedicated an professional she is the one!”

The Asplund family, Sweden – July 2013.


What taxes can I expect when I sell my home in Florida

The Real Estate Market has really returned in Sarasota, Florida.  Prices have rebounded and buyers are lining up. This is a good time to start thinking about what taxes you can expect when you sell.

First, a disclaimer: taxes are always subject to change. You must always consult with your legal and/or tax advisor or CPA for the most recent and correct tax rules.

Keep in mind I am talking about primary residences (a home you declare as your domicile and in which you live most of the time), second homes or investment property are treated differently. (If you have detailed questions about taxes and the law – please consult a tax or legal professional – I am certainly not one, but I can make some recommendations for you if you wish.)

Principal Residence The government defines a principle residence as one in which you have lived for at least two years of the previous five. (It can be a house, Condo, Boat, or Mobile home – as long as it has sleeping, eating, and toilet facilities) ( See IRS Publication 523 for a full discussion of what classifies as a principal residence).

The IRS give a tax break when you sell your previous residence and allows profits (gain) to be tax free – up to $500,000 for a married couple or surviving spouse up two years after the spouses death, and $250,000 for singles.  Keep in mind this is the PROFIT, so if you bought a house for $200,000, put $100,000 in improvements and then sold it as a couple and netted $800,000 after sales commissions and cost to ready the house for sale, there would be no tax. You can do this every two  years, by the way.

Even if you are not selling your home anytime soon, it’s an excellent idea to keep records of any improvements you make to your house that will increase its cost basis.  Things like a new roof, a room addition, a new kitchen, new windows, and permanent landscaping will most likely qualify.  Maintenance items like new paint and carpet will not add to your adjusted cost basis, but if done and paid for just prior to the sale, the expense may reduce your effective gain on the sale. My advice is to keep records, and if you are in doubt on how to classify an expense consult a tax expert.

Forgiven Debt and Short Sales.  Normally if you sell your home “short” of the amount owed you would be taxed on the portion of the debt that was forgiven. But for a principal residence, the IRS will, under certain conditions  allow up to $2,000,000 in forgiven debt to be tax free. This law is scheduled to be retired at the end of 2013 (it got an extension from 2012, and this may well happen again – but maybe not).  So if you are going to short sale your home, you should start working on it now to get it sold before the end of the year (Primer on Short Sales Here).

What about the new 3.8 tax?  There is is a new tax on investment income that took effect this year.   This tax may take effect on some principal home sales if you exceed the allowable exemption from the tax on gains (over the $500,000 for couples, for example). Here is a link to an article about this new tax (you can read it here).

Special Cases.  The calculations get a bit more complicated if you rented out a portion of your home or took a depreciation deduction of an in-home office.  You will have to recapture the depreciation and prorate the square footage between the home office and the residential portion.

By the way, Florida has no income tax (here is a list by state)

For Commercial Property you should know 1031 tax rules (Click Here)

For Foreigners  there are some things you should know as well – (Click here)

The source to the text above is Gregg Fous, Founder of Market America Realty and Investments, Inc. See more on http://greggfous.com


Sarasota real estate market – April 2013 most sales in one month in 8 years!

The members of the Sarasota Association of Realtors® sold more than 1,000 properties in April 2013, the first time sales have hit four figures in a single month since June 2005. There have only been ten months in SAR’s 90-year story that sales have topped 1,000, and the other nine occurred in 2004 and 2005.

The spring sales surge in the Sarasota real estate market hit 714 single family homes and 303 condominiums in April 2013, for a total of 1,017 closings. That compared to 589 single family homes and 297 condos sold in April 2012, for a 14-percent increase over last year at this time. The all-time record of 1,223 sales was recorded in April 2004. The high sales volume was augmented by an increase in the median sales prices. The figure for single family homes was $217,000 – the highest level since August 2008 and up 24 percent from last April’s figure of $175,000.
For condos, the median was $185,000, slightly lower than last April’s figure of $191,000. The condo figure has continued to fluctuate substantially over the past few months, dropping to a low point of $130,000 in January 2013 before recovering. “This historic number of sales is a testimony to the hard working, professional Realtors® who belong to this association,” said SAR President Roger Piro. “Many agents and brokers I talk with are spending countless hours with buyers and sellers, working nights and weekends and going the extra mile to make sure they meet the needs of their clients. This has been an amazing time for the Sarasota real estate market, and it’s our members who help make dreams come true for those who want to make Sarasota their new home.”

Pending sales, which predict future closings, were at 1,097, slightly lower than last month’s figure of 1,221 and slightly up from last April’s figure of 1,068. Pending sales have topped 1,000 every month this year. This important statistic represents properties that went under contract during the month, and indicates sales in May and beyond could also be at high levels. The available inventory remained near the lowest level in a decade, declining to 3,479 from the March figure of 3,643. The inventory is down almost 19 percent since April 2012.

The April 2013 months of inventory were 3.2 months for single family and 3.9 months for condos, with both property categories at the lowest level in the past decade. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last April, there were 4.7 months of inventory for single family homes and 5.1 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.

Currently, only 376 properties listed for sale in the MLS are short sales or foreclosures, down 22 from last month’s figure. This represents about 10.8 percent of available properties, down from last month’s figure of 10.9 percent and a big drop from January 2012 when the figure represented 17 percent of the market.

Sales of distressed properties represented about 22 percent of the overall sales in April 2013, down substantially from the March figure of 30 percent, and far lower than the 51 percent figure experienced in the fourth quarter of 2010. “Obviously, we hope this strong market continues indefinitely, and the pending sales figure indicates the market still has some legs,” said Roger Piro. “With the tight inventory and improving national and local economic picture, this is still shaping up as an historic year for local real estate.”
“This has been an amazing time for the Sarasota real estate market, and it’s our members who help make dreams come true for those who want to make Sarasota their new home.” – SAR President Roger Piro www.sarasotarealtors.com

Source: SAR (Sarasota Association of Realtors), May 22, 2013

by Helena Nordstrom – TEAM NORDSTROM, Sales Associate, Premier Sotheby’s International Realty

 


Norwegian startar två nya direktlinjer till Fort Lauderdale i Florida, från Stockholm respektive Köpenhamn.

– Marknaden för långdistansflygningar har länge varit präglade av höga biljettpriser med lite flexibilitet. Det mycket goda mottagandet av Norwegians direktlinjer till New York och Bangkok, visar att det finns behov av bra erbjudanden till USA och Asien. Vi fortsätter nu vår långdistanssatsning med att lansera Fort Lauderdale i Florida som ny Norwegiandestination från Köpenhamn och Stockholm, säger Norwegians VD Bjørn Kjos.

Fort Lauderdale i Florida är Norwegians första långdistanslinje från Köpenhamn och den tredje från Stockholm. Fort Lauderdale är känt som ”The Gateway to Florida” och ligger ca 30 min norr om Miami med populära resmål som Orlando, Everglades och Key West i närheten. Många som ska till Florida på kryssningsresa startar sin resa i Fort Lauderdale.

Stockholm – Fort Lauderdale två gånger i veckan med start 1 december
Norwegian kommer att flyga två gånger i veckan mellan Stockholm (ARN) och Fort Lauderdale (FLL), på torsdagar och söndagar. Avgång från ARN kl. 14.45, med ankomst FLL kl. 19.30 lokal tid. Avgång från FLL kl. 21.30, med ankomst ARN kl. 13.00 nästa dag. Första flygningen startar 1 december. Biljetterna kostar från 1699 svenska kronor enkel resa.

Köpenhamn – Fort Lauderdale två gånger i veckan med start 29 november
Norwegian kommer att flyga två gånger i veckan mellan Köpenhamn (CPH) och Fort Lauderdale (FLL), på måndagar och fredagar. Avgång från CPH kl. 14.45, med ankomst FLL kl. 19.30 lokal tid. Avgång från FLL kl.21.30, med ankomst CPH kl. 12.45 nästa dag. Första flygningen startar 29 november. Biljetterna kostar från 1499 danska kronor enkel resa.

För ytterligare information:  Åsa Larsson, Informationschef Norwegian, +46 735 22 22 42

Kristin S. Lillerud NAS (3)


While visiting Sarasota during the winter of 2012/2013, we made the decision to buy a condo in Sarasota. When searching the internet we were very fortunate to find Per & Helena Nordstrom, Swedish speaking real estate professionals active in Sarasota whom we made contact with and met during our stay there.

Back in Sweden we continued our efforts to find a condo that would suit our needs. Per & Helena did a huge job! They previewed the properties we selected, provided us with property facts and information and took many additional pictures which they emailed us. Once we had found the condo to our liking the somewhat different and difficult buying process from the perspective of a Swedish buyer started.

Per & Helena guided us through the whole process and we could go through with the purchase even without having to travel to Florida. Even the signing of all documents electronically was very impressive to us.

If you have any thoughts about buying a winter “oasis” in Sarasota or surrounding areas, we warmly recommend using TEAM NORDSTROM. They do everything they can to make the process go as smoothly as possible. It´s also priceless to be able to communicate and ask questions in your native language.

 

Roger & Nanette Stenholm, buyers – April 2013

 


Vi rekommenderar varmt TEAM NORDSTROM!

När vi under vintern 2012/2013 var på semester i Florida tog vi beslutet att försöka skaffa en condo i Sarasota. Via internet hittade vi till vår lycka Per & Helena Nordström, svenska mäklare verksamma i  just Sarasota vilka vi tog kontakt med under vår vistelse där. Tillbaka i Sverige fortsatte arbetet med att hitta en condo vi kunde tänka oss.
Per & Helena gjorde ett jättejobb med att åka och titta på lämpliga objekt, ge omdömen samt ta extra bilder som dom mailade till oss.
När vi väl hittat en condo vi var nöjda med inleddes den för oss svenskar annorlunda och besvärliga köpprocessen.
Per & Helena guidade oss igenom hela processen och vi kunde genomföra hela köpet utan att behöva åka över till Florida. T.o.m skriva under dokument via internet vilket imponerade på oss.

Har ni funderingar på att köpa en “vinter-oas” i Sarasota med omgivningar kan jag varmt rekommendera Per och Helena Nordström.Dom ställer upp för att göra det så enkelt som möjligt för oss svenskar att ta oss igenom alla dokument m.m som ska hanteras. Dessutom är det mycket värt att kunna “bolla” problemen på det egna språket.

Roger & Nanette Stenholm – April 2013

 


Thank you, Per & Helena!

Dear Per & Helena, thank you for the marketing and sales effort you put forth on our behalf selling the house in Rivendell. Your guidance and extra efforts are truly appreciated. Friends that sold a house in the same neighborhood referred me, which gave me great comfort in teaming up with you in the undertaking. I have already referred Team Nordstrom to another home owner consering selling her home, which sums up my position on your value in the marketing and selling process. I wish you a wonderful rest of 2013, both professionally and personally! – Robert Lowe, seller (March 2013)


January 2013 – Strong Sarasota real estate market!

The latest sale statistics from the Sarasota Association of Realtors (SAR) show sales increased by 22 percent in January 2013, compared to January 2012. Pending sales, which predict future closings, were at the highest level in nine months at the same time as the available inventory remained near the lowest level in a decade. We see this high level of market activity continuing when now going into our peak season. Large numbers of visitors at open houses, multiple offers and competitive bidding for available homes are resulting in tremendous volume of sales. As a result prices continue to rise; the median sale price for single family homes was 14% higher than last January. The full year median price for 2012 was 13% higher than in 2011.

by Helena Nordstrom, sales associate, Premier Sotheby’s International Realty, Sarasota, FL

Source: Sarasota Association of Realtors (SAR)


2012 Was Fourth Highest Sales Year in SAR History

Property sales for the year 2012 were the fourth highest in the 90-year history of the Sarasota Association of Realtors®, achieving 9,169 total sales. In 2003, sales in our market hit 9,697, followed by 11,267 in 2004 (the current all-time high) and 10,562 in 2005. The annual sales dropped to 6,358 in 2006 and bottomed out at 5,820 in 2008 before beginning the steady climb to the current level.

SAR members sold 828 properties in December 2012, representing an 8.3 percent increase from November’s 764 sales and a huge 28 percent increase over last December’s figure of 644 total sales.

The category totals in December were 606 single family homes and 222 condos sold, compared to last December when only 471 single family and 173 condos were sold. The available inventory remains near the lowest level in a decade. Other positive factors helping to propel the real estate market recovery include the low mortgage interest rates and improvement in the national and local economies.

“The Sarasota housing market has clearly weathered the storm of the Great Recession,” said SAR President Roger Piro. “We are so fortunate to live in this area – a beautiful coastal community with every attractive amenity imaginable.”

Looking forward, Piro noted the normal peak period of the buying season has yet to come.

“Our market is enjoying an amazing resurgence, and the traditional busy season still has several months to go. Last year, our strongest sales months were in March, April and May,” said Piro. “We’re all hoping for a repeat performance in 2013, and agents are continuing to report steady, strong foot traffic at open houses and multiple offers on many properties.”

The median sale prices for both single family homes and condos also rose for the full year 2012 to $175,000 in both property categories, another indicator of the ongoing real estate market recovery in Sarasota. In 2011, the full year median prices were at $155,925 for single family homes and $156,600 for condos, or roughly 13 percent lower.

The median sale price for single family homes in December 2012 was at $189,500 – almost 9 percent higher than November’s figure of $174,450 and 18 percent higher than last December’s total of $160,000. Condo median sale prices were also up, hitting $182,500 in December. Last December condo prices were at $150,000 – 21.6 percent below the current level.

The available inventory of homes on the market remained near the decade low, rising slightly to 3,657 from last month’s 3,543. The level is still 25 percent below December 2011, when the inventory was at 4,567 properties for sale.

Pending sales (which represent properties that went under contract during the month) dropped in December 2012 to 782 from the November 2012 figure of 905. The total was almost identical to last December, when there were 783 pending sales reported.

The months of inventory remained near 10-year lows. The December figures were 3.9 months of inventory for single family homes and 5.9 months for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last December, there were 6.3 months of inventory for single family homes and 9.2 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.

Currently, only 475 properties for sale in the MLS are listed as short sales or foreclosures, almost identical to last month’s figure. This represents about 12.9 percent of available properties, down from last month’s figure of 13.2 percent and down from the start of the year when the figure represented 17 percent of the market.
Distressed sales represented 32 percent of the overall market in December 2012, down significantly from the 51 percent figure experienced in the fourth quarter of 2010. While still at historically high levels, the downward trend has been encouraging.
In 2007, foreclosures and short sales had been virtually unheard of for many years in the Sarasota market. That’s when distressed sales began to skyrocket in the Sarasota market and across the nation, reaching epidemic rates in 2010, before improving markedly in the last 24 months.
From 2007 to 2008, short sales and sales of foreclosed properties jumped markedly, from less than 1 percent in 2007 (only 47 total) to 18 percent (979) in 2008, while traditional market sales dropped by an equivalent 18 percent. This rise in distressed sales and decrease in market sales continued through 2009 and 2010.
In 2011, the Sarasota real estate market began to see a reversal of this trend. Distressed sales dropped by 4.5 percent from 2010 to 2011, while market sales rose by 19 percent. From 2011 to 2012, this positive trend accelerated, with distressed sales dropping by 7 percent while normal market sales rose by 25 percent. If these trends continue, we should see improved health of the local real estate market in 2013 and beyond.

Source: SAR (Sarasota Association of Realtors)

by Helena Nordstrom, sales associate, Premier Sotheby’s International Realty, Sarasota, FL February 2013


Sarasota market cools slightly in September 2012 – SAR (Sarasota Association of Realtors® )

Members of the Sarasota Association of Realtors® sold 648 properties in September 2012, up almost 14 percent from last September, when only 570 transactions were closed. The figure was down almost 21 percent from the 819 sales in August 2012, continuing the historic trends that normally show a sales lull in the early autumn.

The category totals were 500 single family homes and 148 condos sold, compared to last September when only 430 single family and 140 condos were sold. This summer was an exceptional one for local Realtors® who normally have a respite after the spring season. This year, traffic at open houses has been heavy and multiple offers on available properties have become the norm. Part of the reason for this has been the continuing decline in the inventory of available properties on the market.

“Our inventory is now down to 3,460 – the lowest level since 1998,” reported SAR President Laura Benson. “The downward trend in inventory started four years ago, when we had over 9,500 properties for sale. We have a great demand for homes and potential sellers should know it’s a great time to list their properties.” The available inventory of homes on the market once again dropped to yet another decade low, about 1 percent below last month’s total of 3,504. Last year at this time, the inventory was at 4,430 properties for sale – more than 20 percent higher than the current total.

Pending sales (which represent properties that went under contract during the month) dropped somewhat in September 2012 to 844 from last month’s total of 953. But the figure was still higher than last September, when there were 723 pending sales reported. This year’s activity is 16 percent higher than last year at this time. Pending sales are a good indicator of future closings.
“There is a lot of good news out there in the Sarasota marketplace, and the real estate industry has returned to a much healthier place than we were four or five years ago,” said Benson. “For the agents who experienced the down times, this has become a great period of rebound for the market.”

The median sale price for single family homes in September 2012 was almost identical to August 2012 at $169,950, while condo prices surged to $175,400 from last month’s $149,000. Last year at this time, median prices were at $165,000 for single family homes and $140,000 for condos. Examining the longer trend lines, the median price for single family homes for the past 12 months was at $170,000. For condos, the median for the past 12 months stood at $167,250. Last year at this time, the 12-month rolling median prices were at $157,500 for single family homes and $163,000 for condos. The numbers indicate a gradual upward price trend.

For the year-to-date median prices, encompassing the first nine months of 2012, the picture was even brighter – $174,000 for single family and $178,800 for condo. The figures were both higher than last year at this time, when they were at $156,100 for single family and $165,000 for condos (11 percent and 8 percent higher, respectively).

Across the nation, prices are continuing to strengthen, according to the CoreLogic Home Price Index (HPI). The index showed that home prices nationwide, including distressed sales, increased on a year-over-year basis by 4.6 percent last month. This change represents the biggest year-over-year increase since July 2006. The analysis showed that all but six states are experiencing price gains. The months of inventory remained near 10-year lows.

The September figures were 4.4 months of inventory for single family homes and 8.5 months for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last September, there were 6.7 months of inventory for single family homes and 11.1 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.

Currently, only 534 properties for sale in the MLS are listed as short sales or foreclosures, down about 6 percent from last month’s figure of 570 properties. This represents about 15.4 percent of available properties, down from last month’s figure of 16.3 percent and down from the start of the year when the figure represented 17 percent of the market.
“We have a great demand for homes and potential sellers should know it’s a great time to list their properties.” – SAR President Laura Benson

 by Helena Nordstrom, TEAM NORDSTROM,  sales associate, Premier Sotheby’s International Realty


Sarasota Real Estate Market Remains Hot in August 2012

Members of the Sarasota Association of Realtors® sold 819 properties in August 2012, up 36 percent from last August as the hot summer sales market in local real estate showed no signs of cooling off.

The breakdown was 587 single family homes and 232 condos sold, compared to last August, when only 445 single family and 156 condos sold (for a total of 601 closed sales). The August sales reversed the July 2012 trend, when sales dropped to 699. July has been a slower sales month for the past few years, but the strong rebound in August was unexpected and welcomed by local Realtors®.

“The old adage says all real estate is local, and in Sarasota, we are experiencing a resurgent, vibrant, energized market – the best we’ve seen since the end of the boom years in 2006,” said SAR President Laura Benson. “SAR members have been reporting incredible sales numbers, and competition for available properties is high due to the very low inventory. My advice to buyers would be to get off the fence – you might miss out on your dream home.”

The summer of 2012 has been a busy time for many local real estate agents, with multiple offers common on most properties for sale. Foot traffic has been reported as strong and steady at open houses, and there has been no lull in activity since the end of the traditional season after Easter.

The second quarter in 2012 was statistically the best in seven years, and the third quarter is trending higher as well. Pending sales (which represent properties that went under contract during the month) also rose in August 2012 to 953, up from July’s figure of 919 and June’s total of 860. Last August, pending sales stood at 813, so this year’s activity was 16 percent higher. Pending sales are a good indicator of the future market sales totals, so September numbers would be expected to best last September when sales dropped to 570.

“We remain significantly ahead of the pace of sales in 2011,” said SAR President Laura Benson. “Sarasota is always a great place to buy real estate, in the best of times and the worst of times, so I’m confident in our future market.”

The median sale price for single family homes in August 2012 was down slightly from July 2012, dropping to $169,945 from $178,000 in the previous month. The median for the past 12 months was at $169,000 – holding steady from the July figure. For condos, prices dropped to a greater degree – down to $149,000 from $176,000 in July. Condo prices are usually more volatile month to month, which is generally attributed to the level of high-end properties sold in any given month. August saw a lull in higher priced condo sales, and combined with an increase in sales of foreclosures and short sales in the category, the median price saw a 15 percent drop in August. However, the 12-month running median for condos was $163,950, exactly the same as last year at this time.

The available inventory of homes on the market once again dropped to yet another decade low of 3,504, which was almost 4 percent below last month’s figure of 3,644. Last year at this time, there were roughly 20 percent more available properties in the local market. Lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors® (NAR).

The months of inventory remained near 10-year lows. The August figures were 3.8 months of inventory for single family homes, down from July’s 4.5 months; and 5.5 months for condos, down from July’s figure of 7.5 months. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last August, there were 6.3 months of inventory for single family homes and 10.2 months of inventory for condos. At the worst point of our market in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.

Currently, only 570 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month’s figure of 575 properties. This represents about 16.3 percent of available properties, slightly higher than last month’s figure of 15.8 percent, but down from January 2012 when the figure was 17 percent of the market.

Source: Sarasota Association of Realtors (SAR)

by Helena Nordstrom, Sales Associate, Premier Sotheby’s International Realty, Sarasota, FL


July 2012 sales continue hot streak for Sarasota real estate

The Sarasota real estate market remained active and strong in July 2012, with 699 closed sales reported by members of the Sarasota Association of Realtors®The total was 16.7 percent higher sales than the 599 sales reported in July 2011. The breakdown was 523 single family homes and 176 condos sold. The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, but this year higher sales have continued into the summer months. Real estate agents and brokerages have reported a busy and extended season, which resulted in a second quarter in 2012 that was statistically the best in seven years.

Pending sales (which represent properties that went under contract during the month) also rose in July to 919, after dropping to 860 in June. In July 2011, pending sales were at 799, roughly 15 percent lower than this year. Prior to June 2012, the market had seen four straight months that topped 1,000. Pending sales are a major indicator of the future market sales totals.

“The Sarasota real estate market remains a bright spot in Florida and the nation,” said SAR President Laura Benson. “We couldn’t have asked for a better second quarter, and of course the amazing numbers were not expected to continue indefinitely. But the fact we haven’t seen any big drop off in sales, and we are significantly ahead of last year’s pace, is great news for our members.”

The median sale price for single family homes in July 2012 was almost identical to June 2012, at $178,000, compared to $178,500. For condos, prices dropped somewhat to $176,000, from last month’s price spike to $195,000. For both categories, the 12-month running median was much stronger that last year – $168,500 for single family (compared to $156,000 last July), and $167,000 for condos (compared to $162,250 last year).

Single family home prices remained at a level more than 30 percent higher than the low of the market reached 16 months ago ($137,500), while condo prices are almost 40 percent higher than the low point ($127,000). Part of the reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, rose slightly to 32.4 percent from last month’s 31 percent level, still one of the lowest totals in the past three years.

The available inventory of homes on the market once again dropped to a new decade low of 3,644, about 4 percent lower than June’s figure of 3,816. The local numbers are somewhat similar to national figures, as lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors® (NAR).

“It’s most encouraging to see a growing number of metro areas with rising median prices, which is improving the equity position of existing homeowners,” said Lawrence Yun, NAR chief economist. “Inventory has been trending down and home builders are still under-producing in relation to growing demand.” Yun noted some of the increase can be attributed to a lack of lower-end homes for sale in areas with a tight inventory. Last year at this time, there were roughly 20 percent more available properties on the market.

The months of inventory remained near 10-year lows. The July figures were 4.5 months of inventory for single family homes and 7.5 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Last July, there were 6.4 months of inventory for single family homes and 10.7 months of inventory for condos. At the market’s low point in November 2008, there were 24 months of inventory for single family homes and 41.7 months for condos.

“Competition for the available properties is high, and that can lead to bidding wars and price escalation,” explained Benson. “This is a dynamic market, and the trend lines point to increases in asking prices going forward.”

Currently, only 575 properties for sale in the MLS are listed as short sales or foreclosures, down slightly from last month’s figure of 604 properties. This represents about 15.8 percent of available properties, slightly lower than last month, and down from January 2012 when the figure was 17 percent of the market.

Source: Sarasota Association of Realtors (SAR)

by Helena Nordstrom, Sales Associate,
Premier Sotheby’s International Realty, Sarasota, FL


We worked with Team Nordstrom on the sale of our condominium on Siesta Key. They acted as a true team, providing support to us during this whole process.  Because we were out of state owners, Per and Helena acted as our eyes and ears over a fairly long period, and then with our closing pending helped us coordinate some work with contractors.   They were proactive in discussions, and consistently gave us updates during the entire process.  We would definitely recommend Team Nordstrom in the future.  Their professionalism, market knowledge, and overall support were invaluable.  In closing, Per and Helena are genuinely professional and wonderful  people to do business with! – Myra and Bill Rosenthal, sellers


Sales in Sarasota market continue hot pace in May 2012

The May 2012 numbers are in, and property sales in the Sarasota market once again topped 800 for the third consecutive month. The 854 closed transactions was the second highest total since September 2005, demonstrating once again a market that has recovered to levels not seen since the 2003-2005 real estate surge in Sarasota.
The breakdown was 591 single family homes and 263 condominiums. Sales were 7.2 percent higher than in May 2011, when there were 796 closed transactions. As anticipated, sales were slightly below the April 2012 figure of 886, which was the highest total in seven years. The normal seasonal influx of buyers tends to drop shortly after the Easter holiday, when northern residents begin to exodus the area.
In addition, pending sales (which represent properties that went under contract during the month) remained at the very high level of 1,075, almost the same as April’s total of 1,068. It was the fourth straight month that topped 1,000, a major indicator of the future direction of the market. Last year’s spring surge didn’t slow down until July, and the numbers seem to indicate there remains strength in the current market dynamics.
“I’ve spoken to many agents who are having a tremendous 2012,” said SAR President Laura Benson. “This is certainly the right time to be in the real estate industry in Sarasota. Interest rates hit record lows in May, prices remain relatively low compared to the record surge from 2003 to 2005, and all the wonderful attributes of Sarasota are attracting buyers from across the nation, and the world.”
The median sale price for both categories remained near the highest levels of the year in May. The median sales price for single family homes was $185,000 – the highest level since July 2009, almost three years ago. Last month’s figure was $175,000. The median sales price for condos was $180,750, a drop from April’s figure of $191,750. Both figures were much higher than the 12-month running median prices – $165,000 for single family homes and $160,000 for condos.
Single family home prices remained at a level 34 percent higher than the low of the market reached 14 months ago ($137,500), while condo prices are over 40 percent higher than the low point ($127,000). The reason for the price resurgence remains likely related to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, remained around 31 percent, the lowest level in three years.
The available inventory of homes on the market dropped to a new decade low of 3,917, dropping 8.5 percent from the April figure of 4,283. High sales and low inventory has also dropped the months of inventory to new 10-year lows. The May figures are 4.3 months of inventory for single family homes and 5.2 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate.
“I’ve been in our Association for over 15 years and inventories at this level are rare,” said Benson. “The market is tightening, and when available properties are at such low levels, the result is normally greater competition for available properties. This scenario tends to escalate prices, so if you’re in the market for a home, now is the time to act.”
Currently, only 576 properties for sale in the MLS are listed as short sales or foreclosures, down from last month’s figure of 621 properties. This represents about 14 percent of available properties, about the same as last month, and down from January 2012 when the figure was 17 percent of the market. As this number continues to decline, median prices will increase because the median prices are higher for market transactions.
“With the pending sales remaining at over 1,000, and the inventory at such a low point, we should see a continuing market surge into the early summer months,” said Benson. “The weather service is predicting a hot Sarasota summer, and the real estate market is certainly providing a lot of similar energy!”

Source: Sarasota Association of Realtors (SAR)
by Helena Nordstrom, sales associate; Premier Sotheby’s International Realty, Sarasota, FL

 


April 2012 sales in Sarasota hit a new seven year high!

There seems to be no stopping the Sarasota real estate market! April 2012 saw yet another seven-year high for monthly sales, hitting 886 total closed transactions. The figure topped last month’s 831 sales by 6.6 percent. It was the highest number of sales since August 2005, and when there were 908 total sales.

The breakdown was 589 single family home sales and 297 condo sales. Last April, the totals were 546 homes and 226 condos for a total of 759 overall sales, so the jump was about 17 percent year-to-year.
In addition, pending sales (which represent properties that went under contract during the month) remained very high at 1,068, the third straight month that topped 1,000, and a major indicator of the future direction of the market. Last year’s spring surge didn’t slow down until July, and the numbers seem to indicate there remains strength in the current market dynamics.

“We’ve had an incredible string of positive numbers in the Sarasota real estate market, and we hope for a consistently strong market going forward,” said SAR President Laura Benson. “I’m hopeful that this will be the case, because we seem to be leading the nation into the real estate market recovery. The national economy continues to improve, employment numbers are better, and we’re in the perfect marketplace in Sarasota.”

In addition to the amazingly high level of sales, the median sale price for both categories remained at the highest levels of the year in April. The median sale price for condos was $191,750, almost identical to the March figure of $192,000, a level not seen since May 2011. Single family was at $175,000, just above last month’s figure of $174,900, and a level not reached since June 2011. Single family home prices remain at a level 21.4 percent higher than the low of the market reached 13 months ago, while condo prices are almost 30 percent higher than the low point.

The reason for the price resurgence is likely tied to the lower number of distressed property sales. The total number of distressed sales, foreclosures and short sales, fell to only 31 percent, down slightly from last month’s 32 percent figure – a new three-year low.
Currently, only 621 properties for sale in the MLS are short sales or foreclosures, down from last month’s figure of 701 properties. This represents about 14 percent of available properties, down from last month’s 15 percent figure. In February 2012, the number was 740 (16 percent of the market), and in January 2012 it was 812 (17 percent of the market). If this percentage continues to trend lower, we could begin to see median sales price increases going forward.

The available inventory of homes on the market dropped to a new decade low of 4,283, even lower than the previous low of 4,408 seen in August 2011. The combination of high sales and low inventory has also dropped the months of inventory to near decade lows. The market now reflects a figure of 4.7 months of inventory for single family homes and 5.1 months inventory for condos. Months of inventory represents the time it would take to deplete the current inventory at the current sales rate. Lower inventory and higher sales normally result in greater competition for available properties, which tends to push prices up.

“The decline in the available inventory has been remarkable, and competition for homes and condos generally creates upward price pressure,” said Benson. “Buyers and potential buyers should understand that the current market scenario is clear – if you wait, you will miss out. We’re at a decade low for inventory, the mortgage interest rates are at the lowest level since the 1950s, and Sarasota remains the nation’s perfect place to relocate.” Benson continued, “Every number indicates that we are seeing the virtual opposite of a perfect storm in local real estate. I would call this the perfect opportunity – a market in strong recovery, prices still very low compared to the price surge of 2003-2005, and interest rates at record lows. And SAR Realtor® members are certainly ready to help buyers and sellers achieve their dreams.”

by Helena Nordstrom, sales associate Premier Sotheby’s International Realty (Source: Sarasota Association of Realtors)


Investment home sales up 64.5% – at highest level since 2005

The National Association of Realtors – NAR’s “Investment and Vacation Home Buyers Survey 2012”, covering existing- and new-home transactions in 2011, shows investment home sales surged 64.5 percent to 1.23 million last year from 749,000 in 2010.

Lawrence Yun, chief economist at NAR says investors (ususally with cash) took advantage of the favourable market conditions in 2011 by swooping into the market to take advantage of bargain home prices. Rising rental rates that easily beat the banks low interest rates is another reason for investors to look into real estate. More than 40 percent of investment buyers purchased more than one property.”

“The shift in investment buyer patterns in 2011 shows the market, for the large part, is able to absorb foreclosures hitting the market” Yun said.

“Small-time investors are helping the market heal since REO (bank real estate owned) inventory is not lingering for an extended period,” he said. “Any government program to sell REO inventory in bulk to large institutional companies should be limited to small geographic areas. Even where alternatives are needed, it’s best to rely on the expertise of local businesses, nonprofit organizations and government.”

All-cash purchases have become fairly common, 49 % of investment buyers paid cash last year. Half of all investment home purchases in 2011 were distressed homes.

“Clearly we’re looking at investors with financial resources who see real estate as a good investment and who aren’t hesitant to use cash,” Yun said. Of buyers who financed their purchase with a mortgage, large downpayments were typical.

The situation for investment homes in Sarasota Florida is very similar to the above description. REO’s (bank owned properties) are generally speaking sold quickly (if priced right) and multiple offer situatuions are very common. Also here in Sarasota the rental market is very good. We have recently rented a few condos on a yearly basis at very good rental rates and they were all rented within a day after we put them on the market.

Per Nordstrom
Realtor in Sarasota, Florida
at Premiere Sothebys International Realty


Sarasota Sales climb in February 2012; pending sales rise to 11-month high

The Sarasota Association of Realtors (SAR) reports that pending sales in the Sarasota real estate market hit an 11-month high in February 2012, demonstrating once more the health of the local industry as the buying season heats up. Median sale prices were also up substantially for single family homes and condos in February 2012 compared to this time last year – another positive sign for a successful home buying season.

“I have heard nothing but positive reports from our members about the seasonal surge in our real estate market,” said SAR President Laura Benson. “Sales are up, prices are stable and much higher than last year at this time, and we are seeing multiple offers on many transactions. Pending sales are off the charts – we hit a 11-month high of 1,130 in February. This is all very encouraging news.”

The January 2012 holiday sales lull didn’t last long. The 177 condo sales in February represented the highest level in the last eight months. If pending sales, which represent properties going under contract, produce the expected level of closed sales, we could see a major selling month in March 2012. That could repeat what we saw in March 2011, when sales hit the highest total since 2005.

Overall, February 2012 saw a 15 percent increase in property sales over January 2012, and a 17 percent increase in pending sales from the previous month, both reaffirming numerous verbal reports of a very busy spring selling season in Sarasota. Closed sales stood at 414 for single family homes and 177 for condos, lower than in February 2011, but higher than last month. In February 2011, 471 single family homes and 201 condos were sold.

The single family home median price climbed to $167,500 in February 2012 from last month’s figure of $162,000. For condos, the figure fell to $150,000 from the January level of $180,000. Last February, both single family homes and condos were selling at the median price of $137,500, so both of the current numbers reflect a stronger market than a year ago. Single family home prices were a whopping 21.8 percent higher than in February 2011. Condo prices were 9 percent higher than last February.

The inventory for February stood at 4,588, down almost 5 percent from January’s 4,711, and 20 percent lower than last February’s total of 5,864. With fewer available properties, the law of supply and demand indicates asking prices could be climbing higher in the coming months.

The inventory hit a 10-year low of 4,408 in August 2011, and has remained at or close to this low level since then. As the inventory has slid, the months of inventory has also dropped. The figure now stands at 7.2 months for single family homes, compared to 8.3 last month and 8.0 months in February 2011. The figure was 9.1 months for condos, compared to 11.3 months in January and 10.4 months last February. A figure of 6 months is considered equilibrium between a buyer’s and a seller’s market.

Source; Sarasota Association of Realtors (SAR)
By: Helena Nordstrom, TEAM NORDSTROM, Signature Premier Sotheby’s International Realty, Sarasota, FL

 

 


We have purchased and sold several villas and condos in Sweden over the years. This was our first purchase in the US. Helena Nordström at Sotheby’s International Realty assisted us the whole way through the purchasing process. From choosing suitable objects to closing the deal, Helena had a very professional attitude through the whole purchasing process and did not try to influence us in any way. We felt that we made our own decision based on what was the right object for us. When the bidding process and purchasing process started we could not have had a better partner than Helena. She was always one step ahead – knowing what we had to do and keeping the whole administrative part in tight reins. Now when the deal is closed and we have our first condo in Clearwater Beach, we know that we would not have been able to this without Helena´s help. The final part of the deal was closed when we had already returned to Sweden and Helena´s efforts and services also after the deal was totally unique. We definitely recommend Helena and will come back again! – Peter & Catrin Rudling, buyers


Sarasota ranked top place to retire

John Brady from www.topretirements.com is ranking Sarasota the top place in the US to retire. Here is his announcement

#1. Sarasota FL

Our top pick on Florida’s Gulf Coast has so many things going for it. The economics are very attractive: median home prices well below the national average, no income tax, low property taxes. Culturally it has unbelievable resources for a small city of this size, thanks to the largesse of the Ringling Brothers, who had their winter headquarters here. The downtown is exciting and so is the nearby St. Armond’s Circle shopping area across the causeway on the barrier island. Siesta Key and Longboat Key are nearby. If you add that Sarasota has the best beach in the United States (Siesta Key beach) and that prices in some areas are at a 10-year low and inventory levels are high, the conditions are  ideal for buying.

Per Nordstrom, Premiere Sotheby’s International Realty, Sarasota

 


Warren Buffett on CNBC: I’d Buy Up ‘A Couple Hundred Thousand’ Single-Family Homes If I Could

Investor Warren Buffett, CEO of Berkshire Hathaway,appeared yesterday on CNBC’s “Squawk Box” saying that buying single-family homes is such a great investment right now, if it were practical, he’d buy a couple hundred thousand of them. Given how low rates are for a 30-year fixed-rate mortgages (3.95 percent, according to the Freddie Mac Mortgage Index), Buffett told CNBC’s Becky Quick that homes, held over the long term, provide a better investment than stocks. If you factor in that prices in some areas are at a 10-year low and inventory levels are high, the conditions are  ideal for buying.


US housing market at bottom! Buy now!

After years of negative media coverage of the US real estate market, and particularly the Florida real estate market, it´s exciting to share two recent articles that finally sing to a different tune.

First, in USA Today, Jami Dimon (the CEO of JP Morgan who heads the USA’s largest bank with $2.2 trillion in assets) declared that the housing market had bottomed.  He gives advice to reader that as we see continued decreases in unemployment, that “you better buy that house you want really soon because it’ll change in price right away.”
Read the full article here.

Second, John R. Talbott, previously a Goldman Sachs investment banker who predicted the housing market collapse 2003, declared that it is now time to buy.  He notes that “it is always better to buy at a discount rather than at a historical peak, and these seem like awfully big discounts. And by my calculations, in most cities across the country, real prices adjusted for inflation have just about come into line with where prices were in 1997, before all this crazy bank lending started, so there should be little additional downside risk by buying today.”
Read the full article here.

The prices in Southwest Florida have never been more attractive, and there are still many opportunities to purchase new homes at below replacement cost.  It’s truly a once in a lifetime purchasing opportunity!

Published: January 20, 2012, Helena Nordstrom, sales associate, Signature Premier Sotheby´s International Realty, Sarasota, FL


Sarasota Real Estate sales are up 12.7% over last year

Sarasota Association of Realtors reported that the Sarasota real estate property transactions for November 2011 is up by 12.7% compared to the same period last year. The total also exceeded the October 2011 sales figure of 577. The market has remained strong and stable as the winter season gets into full swing, reflecting continued confidence in Sarasota as a destination location.

In fact, the Today Show’s real estate report from Barbara Corcoran in late November noted that Sarasota was one of the top recovering markets in the nation. Corcoran said Sarasota is a “beautiful beachfront community” that offers residents and visitors “a sophisticated, urban cultural experience” that is propelling sales and prices in 2011.

Overall, sales in 2011 continued on pace to exceed last year by a wide margin, and should put the Sarasota market at the highest level since 2005. This sales resurgence has paralleled the drop in the available inventory, and put the remaining months of inventory in the range of a seller’s market.

The inventory of available properties for sale in Sarasota was at 4,672 in November, up slightly from October’s level of 4,525. The inventory sunk to a 10-year low of 4,408 in August 2011.

The November 2011 median sale price for single family homes rose to $162,000 from the October 2011 median of $149,838, a rise of 8 percent. This month’s figure was also higher than last November, when the median was $160,100. The condo figure has been fluctuating for several months, and again dropped in November to $127,000 – lower than last month’s figure of $143,000 and last November’s figure of $159,000. The year-to-date median sale price was $155,000 for single family homes and $157,250 for condos. These figures have remained remarkably steady for the past year, indicating a stabilizing market.

The distressed property market was relatively unchanged, but did drop slightly from 43 percent of the total market to 41.3 percent. At the height of the foreclosure crisis, that figure topped 51 percent in the second quarter of 2010.

Source; Sarasota Association of Realtors
Per Nordstrom, Team Nordstrom, Signature Sothebys International Realty


Sarasota Real Estate market rebound?

Two national studies – one from Realtor.com and one from Trulia – suggest that some Florida markets are poised for a real estate rebound, and that the Sarasota Bradenton real estate market is among those.

“This is a positive trend for Florida,” says John Tuccillo, Florida Realtors chief economist. “While Trulia and Realtor.com aren’t completely accurate in home prices and sales – mainly because they base their numbers on only homes listed on their website – it’s useful to look at visitor behavior and note the trends. If Trulia says more visitors are doing a home search in the Miami market, for example, it probably follows that Miami is experiencing an upswing in demand.”

Realtor.com’s Top Ten Turnaround Report

In Realtor.com’s “Top Ten Turnaround Report,” six Florida cities were considered good bets for an upswing in sales. Realtor.com, which is owned by The National Association of Realtors®, says it created a formula to rank a city’s turnaround potential based on recent price appreciation, changes in inventory, median age of inventory, number of Realtor.com searches by visitors and area unemployment.
The studie ranks Sarasota – Bradenton as no 6th in the nation and here is what the studie says:

Sarasota-Bradenton: About one in 10 foreign buyers look in Sarasota-Bradenton for a home, Realtor.com says. Listing prices have increased and inventory has decreased.

Source: Florida Realtor News Nov 17, 2011


Sarasota real estate market for October outpaces last year – October 2011 statistics from SAR (Sarasota Association of Realtors)

November 16, 2011:  Sarasota Association of Realtors (SAR) published today the latest market statistics for the Sarasota area. It shows:

Property sales for October 2011 in the Sarasota real estate market outpaced last October, with

577 this year compared to only 487 at the same time last year. This represents an 18.4 percent

increase, and could be a harbinger for a busy season.

There was also a small increase in transactions compared to September 2011, when 570 sales

were recorded. Overall, sales in 2011 are on pace to exceed last year, a remarkable fact

considering that 2010 sales were at the highest level since 2005.

The inventory of available properties for sale in Sarasota, after dropping precipitously over the

course of 2011, was again up slightly in October to 4,525 from last month’s 4,430 level. The

inventory sunk to a 10-year low of 4,408 in August 2011.

The October 2011 median sale price for single family homes dropped to $149,838 from last

month’s figure of $165,000. But the amount was higher than last October, when it was $147,500.

The condo figure has been fluctuating for several months, and rose slightly in October 2011 to

$143,000 from last month’s figure of $140,000. Last year at this time, the figure stood at

$158,525. The year-to-date median sale price was $155,000 for single family homes and

$162,000 for condos. These figures have remained remarkably steady for the past year,

indicating a more stable market.

“There is no doubt that agents are reporting a very active marketplace, with many showings,

good foot traffic and high interest in Sarasota properties,” said SAR President Michael Bruno.

“The start of the season has been busy and productive, and we hope this trend continues in the

coming months.”

The months of inventory rose slightly to 7.1 months from 6.7 months for single family homes,

and dropped considerably for condos, to 9.7 months from September’s 11.1 months. Both figures

are close to a market in equilibrium between buyers and sellers, and again remained far below

the highs of 25.3 months for single family (in early 2009) and 41.7 months for condos (in late

2008). This statistic represents the time it would take to sell the existing inventory at the current

month’s rate of sales.

Pending sales were up in October 2011 to 772 from 723 last month, approaching last October’s

total of 819. Last month, 585 single family homes and 187 condos went under contract.

For distressed property sales, the market for foreclosures and short sales remained at 43 percent,

the same figure as in September 2011. The figure has stabilized this year, and is much lower than

the rate in the second quarter of 2010 when it rose to over 51 percent.
On the national scene, NAR Chief Economist Lawrence Yun predicted home sales would

increase by 4 percent next year and home prices would inch up 2 percent. He made the

statements during the Economic Issues & Residential Real Estate Business Trends forum at the

NAR annual conference on Nov. 11th. In 2013, he projected sales to pick up another 6 percent

and prices to rise another 3 percent.

Bruno, who attended the NAR conference in California, said he was encouraged by what he

heard regarding the future outlook.

“We remain optimistic for the near and long term due to the strength of our local market in the

midst of continuing national and regional economic weakness,” said Bruno. “We are all hopeful

that the financial health of our feeder markets in the northeast and overseas also starts to

improve. If this happens, it would be logical to assume a stronger late 2011 and early 2012

buying season here.”

by Helena Nordstrom, TEAM NORDSTROM,  realtor, Signature Sothebys International Realty

 


Housing Investment for the Long Haul

(more…)

10 Cities Where List Prices Are Rising the Most

Daily Real Estate News | Wednesday, November 02, 2011

Which cities are seeing median list prices increase the most? Nationally, median list prices have risen 1.60 percent to $190,000, according to year-over-year listing data from September 2011 by Realtor.com, based on 146 markets.

Yet, in some cities, median list prices in that time frame have risen more than 20 percent. Florida cities, in particular, are continuing to see some of the largest rebounds in list prices.

Here are the 10 cities that have seen the largest percentage increases in median list prices based on year-over-year data from September:

1. Fort Myers-Cape Coral, Fla.

Year-over-year median list price increase: 34.46%

Median list price: $215,000

2. Miami, Fla.

Year-over-year median list price increase: 25.63%

Median list price: $250,000

3. Naples, Fla.

Year-over-year median list price increase: 23.41%

Median list price: $369,000

4. Sarasota-Bradenton, Fla.

Year-over-year median list price increase: 16.53%

Median list price: $233,000

5. Punta Gorda, Fla.

Year-over-year median list price increase: 14.07%

Median list price: $169,000

6. Shreveport-Bossier City, La.

Year-over-year median list price increase: 12.22%

Median list price: $176,750

7. Lakeland-Winter Haven, Fla.

Year-over-year median list price increase: 11.93%

Median list price: $129,500

8. Fort Wayne, Ind.

Year-over-year median list price increase: 11.77%

Median list price: $112,000

9. Daytona Beach, Fla.

Year-over-year median list price increase: 11.32%

Median list price: $178,000

10. Boise City, Idaho

Year-over-year median list price increase: 10.58%

Median list price: $150,000

NOW is a good time to buy! 

By Helena Nordstrom, Team Nordstrom, Realtor  Signature Sothebys International Realty in Sarasota, Florida



Investors see bigger profits in rising rents

The article below is from RIS media and is another proof of the strong rental market we are in right now. The demad for rental housing is huge and investors believe that the strong demand will continue.

 

NEW YORK – Oct. 27, 2011 – Rental demand and prices continue to soar, and investors are cashing in. Rents are rising at a 5.17 percent annual rate – up from last year’s 4.72 percent rate. If rents continue to grow at their current pace, they won’t be too far behind the record-high reached in 2000 of 6.18 percent, according to Axiometrics Inc.

The rental market has added about 1.4 million new renters this year, some of whom were former homeowners who faced foreclosure or a short sale. Renters are increasingly showing an appetite for single-family homes owned by investors.

As such, the number of investors in the market is growing. Investors make up anywhere between 20 and 40 percent of monthly existing home sales, according to home-sale data. With home prices and interest rates low, more aspiring investors are jumping in. Nearly 60 percent of investors in a recent survey by Realtor.com considered themselves newcomers to real estate investing.

“This is a long-term investment,” says Greg Rand, CEO of OwnAmerica. “Rents are a steady return on your investment through the years, leaving you with an attractive asset when prices improve. And they will. The best profits in real estate accrue to long-term investors who take a long-term view.”

Source: “Rising Rents Improve Investors’ Return,” RISMedia (Oct. 20, 2011)
Per Nordstrom, Team Nordstrom, Realtor in Sarasota


Bargains Abound: What Are Buyers Waiting for?

Daily Real Estate News | Tuesday, October 25, 2011

 

With low home prices and ultra-low interest rates, the housing market is offering “perhaps the best deals of a generation,” notes a recent article by Bloomberg Businessweek. Since the housing boom of 2006, home prices have fallen about 31 percent. Also, mortgage rates have been hovering at record lows for the past few weeks (4 percent range or even lower on 30-year fixed-rate mortgages, according to Freddie Mac’s mortgage market survey). “It’s hard to see the possibility of losing on a home purchase right now, with these mortgage rates,” says economist Dean Baker. “Prices may go lower, but not by much.”The article notes the following scenario: Buying a $300,000 home with a 4 percent mortgage rate and a 20 percent down payment would mean a $1,145 monthly payment. The Mortgage Bankers Association recently predicted that home prices may fall another 3.5 percent by mid-2012 but mortgage rates will increase by a half-point. So for that same loan under that scenario, a home would sell for $289,000 while the monthly mortgage bill would be $1,171–only a $26 difference. 

For those who can qualify for a mortgage, “playing the waiting game” won’t result in much gain, Nariman Behravesh, chief economist at IHS in Englewood, Colo., told Bloomberg Businessweek.

Source: “Crazy Home Deals Await the Creditworthy,” Bloomberg Businessweek (Oct. 24, 2011)


Foreigners’ sweetener: Buy house, get a visa

WASHINGTON – Oct. 21, 2011 – Sens. Charles Schumer (D-N.Y.) and Mike Lee (R-Utah) have proposed a new type of resident visa for foreigners who spend at least $500,000 to purchase real estate in the United States. The proposal calls for at least $250,000 to be spent on a residence, while the other $250,000 could be invested in other real estate. However, the entire amount must be a cash investment.

The provision, part of a larger package of immigration measures, would complement existing visa programs that permit foreigners to enter the country if they invest in new businesses that create jobs.

Supporters believe the initiative would help absorb a glut of housing supply – especially in markets like Arizona and South Florida, where foreign buyers have represented a rising share of home buying activity.
Source: Wall Street Journal (10/20/11) P. A7; Timiraos, Nick

By Per Nordstrom, TeamNordstrom, Realtor with Signature Sothebys International Realty in Sarasota, Florida


Listing with us

In a time of global communications and global markets, Signature Sotheby’s International Realty is the only truly International Real Estate brand.  With a worldwide presence of 500 offices in 40 countries. Combined with our local area expertise, sellers receive several compelling benefits from us and the Sotheby’s International Realty network.

We, Team Nordstrom market all our listings internationally! Per & Helena Nordstrom, Realtors are truly International Real Estate Agents and we offer not only a local marketing plan, but also a truly unique internaional one. For example programs for global print, internet advertising, partnerships with overseas real estate brokers etc. We are specially trained and educated as International Property Specialists, with CIPS and TRC designations/certifications.

Through our broad-based marketing opportunities and international presence, we provide maximum exposure for our listings, reaching qualified buyers regardless of where they are based. This positions our listings in a heightened competitive environment, allowing our sellers to achieve the most favorable price.  From Los Angeles ot Stockholm Sweden, our company’s unique attributes and advantages are the same:

  • Preeminent expertise and branding in local markets
  • Proven ability to sell properties in all price ranges
  • Strong relationships, marketing opportunities and brand recognition in key markets around the world
  • Access to extraordinary properties and assistance in all of the areas we serve
  • The finest proprietary marketing materials
  • An easy-to-use website with current details about our listings in all areas, and over 35 “top 10” organic search engine rankings
  • A comprehensive online listing distribution strategy featuring websites such as sothebysrealty.com, sothebys.com, WSJ.com, NYT.com, IHT.com, Openhouse.com, Trulia.com, Frontdoor.com and others in addition to sothebyshomes.com
  • An association and marketing relationship with Sotheby’s auction house, an internationally recognized expert in the valuation and sale of precious objects
  • A history of exceeding the expectations of the world’s most discerning buyers and sellers

INTERNET MARKETING

Our online property distribution initiative allows us to include qualifying homes on the most visited real estate websites.
 While Sothebysrealty.com with more than 400,000 visitors every month is the listing hub, our listings get exposed on +500 different web sites around the globe.
Our partners include for example:
  • Wall Street Journal Real Estate – RealEstateJournal.com
  • Trulia.com
  • Yahoo! Real estate
  • Google
  • NYTimes.com/RealEstate
  • GreatHomesandDestinations.com
  • IHT.com  / International Herald Tribune
  • FrontDoor.com
  • Openhouse.com
  • Cyberhomes.com
  • AOL Real Estate
  • Sothebys.com / Sotheby’s Auction House
  • TeamNordstrom.com
  • Bovision.se
  • Blocket.se
  • Immobel.com

 

Visit the following link to gain a better understanding why your property should be listed by Premier Sotheby’s International Realty:
Premier Sotheby’s International Realty

 


Home sales, prices up in Sarasota-Bradenton area in September

Home sales in the Sarasota-Bradenton area rose by 7 percent compared to the same period last year reports Herald Tribune on Friday October 21 2011.
The local trends show that Southwest Florida’s real estate market is ahead of the rest of the country in terms of its recovery from the Great Recession. Sales nationally fell 3 percent in September, matching last year’s figure — the worst in 13 years. The nation is on pace to sell about 4.9 million homes this year, well below the 6 million economists say is consistent with a healthy housing market. The Sunshine State has seen 143,883 sales year to date, about 10 percent ahead of last year’s pace.

The declining inventories are the most important market indicator at the moment. In 2004, there was a 2.4-month supply of homes under $500,000 on the market. That supply grew to more than 24 months in 2007 before dropping back to under six months today — the point at which supply and demand are in equilibrium and prices can rise. But be aware that inventories of homes in the $500,000 and above range are still high.  Looking at $1 million-plus homes, the supply is now around 28 to 30 months.  Read more at http://www.heraldtribune.com/article/20111020/ARTICLE/111029981/0/FRONTPAGE?p=3&tc=pg

By Per Nordstrom, Team Nordstrom

 


A staged home will look better than competing homes for sale in your market, allowing you to sell faster and/or for more money!

Some staging tips to help you start:
Follow these general tips and your home will look better than the competition.  Get ready to move… Start packing!

INSIDE

  • Clear all unnecessary objects from furniture throughout the house. Keep decorative objects on the furniture restricted to groups of 1, 3, or 5 items. In general; a sparsely decorated home helps the buyer mentally ‘move in’ with their own things.
  • Rearrange or remove some of the furniture in your home, if necessary. Many times home owners have too much furniture in a room. When it comes to selling your home, thin out overcrowded rooms to make the rooms appear larger.
  • Clear all unnecessary objects from the kitchen countertops. If it hasn’t been used for three months… put it away!
    Clear refrigerator fronts of messages, magnets, pictures, etc.
  • In the bathroom, remove any unnecessary items from the countertops, tub, shower stall and commode top. Keep only the most necessary cosmetics, brushes, perfumes, etc., in one small group on the counter. Coordinate towels in one or two colors only.
  • Take down, reduce, or rearrange pictures and objects on walls. Patch and paint all walls, if necessary.
  • Review the house interior, room by room, and:
    1. Paint any room needing paint.
    2. Clean carpet and draperies that need it.
    3. Clean windows.
  • If you need room to store extra possessions use the garage or rent a storage unit.
  • Leave on certain lights during the day (your agent will show you which ones). During showings turn on ALL lights and lamps.
  •  Play light FM music every day in the house, for all viewings.

OUTSIDE

  • Go around the perimeter of the house and move all garbage cans, discarded wood scraps, extra building materials, etc., to the garage or, if applicable, take them to the dump.
  • Check gutters and roof for dry rot and moss. Make sure they are swept & cleaned.
  • Look at all plants. Plants are like children…they grow so fast. Prune bushes and trees. Keep plants from blocking windows: “You can’t sell a house if you can’t see it!”
  • Remove any dead plants, weed all planting areas and put down fresh mulching material.
  • Keep your lawn freshly cut, edged and fertilized during the growing season.
  • Clear patios or decks of all small items, such as little planters, flower pots, charcoal, barbeques, toys, etc.
  • Check the condition of the paint on your home, especially the trim and the front door. The first impression, or ‘curb appeal,’ is very important. You will never get a second chance to make a first impression! 

IN GENERAL

Try to look at your house “through a buyer’s eyes,” as though you’ve never seen it before. This exercise will help you see what needs to be done. Any time and money invested on these items will usually bring you the return of more money and a quicker sale.

 

  Staging Works … it really works!

by Helena Nordstrom, Team Nordstrom, Signature Sotheby’s International Realty; Accredited Staging Professional


What is Home Staging?

What is Home Staging?

Staging is the process of preparing any home for sale, regardless of price and location, by transforming it from a beloved home into a product to be sold on a market. Once you decide to put your home up for sale, it becomes a product and to compete with all other products out there, your product (your house) must be priced right and be more attractive to a buyer than all the other products out there. It is not about decorating; decorating means personalizing your home. Staging is depersonalizing it!

Why offer your house “as is” instead of “the best it can be”?

Your house is one of many houses for sale and you must present your house to the potential buyers in the best possible light by depersonalizing it and make it possible for a potential buyer to imagine himself living there. Staging is a marketing tool to show your home to buyers, agents, and appraisers in its best possible way. People only know what they see, not the way it’s going to be.
The way you live in your home and the way you sell your house are two very different things! Less is more; you are selling your space not your furniture or things.

A staged home will look better than competing homes for sale in your market, allowing you to sell faster and/or for more money!

 by Helena Nordstrom, Team Nordstrom, Signature Sotheby’s International Realty; Accredited Staging Professional


Sarasota Real Estate Market sales for September 2011 outpace last year

The Sarasota Association of Realtors just reported that September 2011 property sales in the Sarasota real estate market were ahead of last September. A total number of 570 units sold this year compared to only 547 at the same time last year. A small drop in transactions compared to August 2011, when 601 sales were recorded. But this is very normal as the early fall is one of the slower sales seasons in Sarasota.

The inventory of “properties for sale” in Sarasota has been dropping for the past nine months, and was 4,430 units at the end of the month.

The median price in September was $165,000 for single family homes, the same as August, and $140,000 for condos. The condo figure has been fluctuating for several months, hitting $185,000 in June, then dropping to $145,000 in July before climbing back up to $165,000 in August. These variations can be explained by the fact that certain months have seen the buying public focusing on smaller, bargain priced units, while other months have seen a higher concentration of luxury condo sales.

“The September market is normally a slower time of the year, so there were no real surprises this year,” said Michael Bruno, Chairman of the Sarasota Association of Realtors.  “The word of mouth among agents and brokers has been very positive, and I’m expecting a good season surge as we welcome back our winter residents and visitors. When it cools off up north, the market usually heats up in Sarasota.”

by Per Nordstrom, Team Nordstrom, Signature Sotheby’s International Realty

 


Reasons to live in Sarasota

Sarasota is rich of attributes that contribute to its quality of life. We have good schools, and active arts and cultural community. Sarasota is home to the renowned FloridaWest Coast Symphony, the Sarasota Ballet, and the Asolo Theater for the Performing Arts as well as many more theater venues and art galleries. Close to downtown, you will find museums, a botanical garden, and numerous art galleries and festivals.  Sports training and
academies, upscale shopping in areas such as St. Armands Circle, and great restaurants. Great golfing, fishing and boating opportunities.  The area is well known for its philanthropy and quality of life.

Here are some facts about Sarasota gathered from the Sarasota Trends Magazine , January 2011

Median age in Sarasota: 51 years
Taxes: ranks 22nd in total taxes levied per capita
Crime: ranks the state’s 14th most populous
Schools: 76% meet high standards in reading, 82% in math, and 89% in writing. The district has received an “A” grade from the state every
year since 2004. Pine View School for gifted children (grade 2-12) ranks among the 10 best public schools in the nation.
Economy: mainly small business, self-employed; 13.2% in leisure/hospitality
Industry: retail trade, healthcare, construction, administrative/waste services, hospitality/food services
Hospitals: Sarasota Memorial Health Care System, Venice Regional Medical Center, Doctors Hospital, and Englewood Community Hospital
Tourism/Arts/Leisure: Sarasota in known for its beautiful beaches. Siesta Key beach was ranked as the best beach in the US 2011. http://www.drbeach.org/top10beaches.htm.  But Sarasota is also know as the cultural capital of Florida. Examples are  the
John and Mable Ringling Museum of Art, Van Wezel Performing Arts Hall, Sarasota Film Festival, Mote Marine Laboratory, Marie Selby Botanical Gardens, The Ringling International Arts Festival, and new home for the Baltimore Orioles spring training


Zillow: Home Values Hold Steady, Foreclosures Slow

Home prices mostly held flat in August, increasing a modest 0.1 percent from July to August, according to Zillow’s latest Home Value Index.

Two of the nation’s hardest-hit housing markets, Detroit and Fort Myers, Fla., posted slight price gains in August, now marking several consecutive months of appreciation. But 74 real estate markets experienced slight depreciation in August in home values while 15 housing markets stayed flat, including Los Angeles, Dallas, Chicago, and Miami-Fort Lauderdale, Fla.

Sarasota is one of the cities in the US with the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Based on August data of 2.2 million listings in 146 markets, Sarasota ranks as  number 6 of the top 10 places for highest year-over-year list price spikes. The average Sarasota list price was $466,785. Year-over-year increase is 15.86%

Meanwhile, the foreclosure liquidation rate — the number of homes lost to the bank — has continued to slow. In the latest survey, it continued to hold steady at about 9.2 out of every 10,000 homes foreclosed.

“Due to the robo-signing controversy, the pace of foreclosure liquidations has been slower than it would be otherwise, which is impacting home value trends positively,” Humphries says. “Eventually the pace will pick up again, putting more bank-owned homes into local markets and putting additional downward pressure on prices.”

Foreclosures remain highest in Las Vegas and Phoenix, in which more than 30 out of every 10,000 homes were liquidated in August, according to Zillow.


Short Sale vs. Foreclosure: A Short Sale Always Wins

This article is written by Christopher Reale,an expert on the short sale process. He is  Director of Short Sale Operations at Lepizzera and Laprocina Title and Escrow Services.

Today’s ever changing real estateindustry has brought upon some very challenging questions from our clients. We as counselors, want to put forth the best, non-emotional advice that we can, in hopes that we can help our clients and their families navigate the rough waters of the short sale process.

The most prevalent question and one that continues to permeate the industry is:

“Why should a seller go through the
short sale process rather than letting their house be foreclosed upon?”

While we cannot speak to every client circumstance, we can say one thing with complete conviction. In almost
all instances in which a potential seller is contemplating whether they should short sell their house or let it go through the foreclosure process, a short sale is the better option. The following are examples to consider:

Example
A- Short Sale

Mr. Smith owns a home in which he has a mortgage balance of $220,000 and a current market value of $150,000. Mr.
Smith has elected to short sell his property. His Realtor successfully obtains a buyer who puts forth an offer price of $120,000 (80% current market value according to Realty Trac Foreclosure Report 5/26/2011). After reviewing the buyers offer and the financial hardship information from Mr. Smith, Mr Smith’s bank agrees to accept the short payoff of $120,000 which would leave a deficiency balance of $100,000.

The transaction closes and is final.
Mr. Smith then pulls his credit report 30 days after the transaction takes place. On the report he notices that the mortgage trade line states “Mortgage debt was settled for less than full” and the balance on the mortgage is $0. Mr. Smith is now on the road to financial recovery.

Example
B- Foreclosure

For the ease of illustration we will use the same value and mortgage debt amounts as in Example A. However, Mr. Smith has elected to forgo the short sale process and let the bank foreclose on the property. The bank holding his mortgage facilitates the proper legal procedures to foreclose on the property, all of which are costly. Mr. Smith is notified and his property foreclosed upon of which is taken back by the bank to sell as an REO.

Six months later, the bank finally sells Mr. Smith’s home only they sell it for $90,000 (60% of current market value according to Realty Trac Foreclosure report dated 5/26/2011). Remember, as a short sale, the home would have sold for $120,000 keeping the deficiency to $100,000. In addition to the deficiency now being $130,000, the bank has elected to add on legal costs of $15,000 and asset preservation costs of another $5000 for a total deficiency liability of $150,000. Mr. Smith pulls his credit report 30 days after being notified that the bank has sold his property and of his liability.

On the report he notices that the mortgage trade line states “Foreclosure” and the balance is $150,000. Because of Mr Smith’s choice to choose foreclosure vs. short sale his road to financial recovery has taken a major detour. He not only has a foreclosure on his credit report but now has a much larger deficiency balance in which the bank, in most cases, will report on his credit report as a balance owed.

The
Best Option is Clear

While the financial and credit advantages are clear when choosing a short sale over a foreclosure, other
advantages are sometimes overlooked. The most important of all of them is maintaining the seller’s dignity and peace of mind. We have heard too many stories of families having to leave their homes because of a Sheriff’s order or some other type of legal action. The short sale process alleviates this negative social impact. The process puts the control back in the seller’s hands so that they can get back on the road to financial recovery and start providing for their families. In the battle of the two evils, a short sale always wins!!!


We are overly excited about our new condo, that our Realtor Helena Nordstrom, TeamNordstrom with Signature Sotheby’s in Sarasota helped us find! Being overseas we had no possibility come over ourselves to check out the property we found online, Helena did everything for us to make sure we had found our perfect condo! Even though this property was located way outside her regular serving areas, she went there & checked it out for us, sent us many pictures, initiated contacts with banks, attorneys, and building inspectors. She helped us through the extensive paperwork and helped us with translations, everything with us being absent. We have now spent three weeks in our new condo and are more than pleased. It met all our expectations, so did the area thanks to Helena’s many pictures and truthful descriptions. We can highly recommend Helena & TEAM NORDSTROM! They truly go further & beyond what you would normally expect from your realtor!
– Leif & Anitha Brorson, buyers  (Sept. 2011)


“Per & Helena Nordstrom, TeamNordstrom with Signature Sothebys in Sarasota provided stability and a positive attitude which eventually helped me find my dream home close to Siesta Key in Sarasota, Florida. As far as real estate professionals are concerned, I would rank them at the very top. Based on my experience, Per & Helena Nordstrom know the business and all the problems and difficulties that might be involved with a purchase of a home in a foreign country. Their knowledge streamlined the deal and eliminated the potential for complications. I would highly recommend TEAM NORDSTROM to anyone buying a home!”
– Par Nylander, buyer (June 2011)


“We have used Per & Helena Nordstrom as both sellers and buyers, and we have nothing but good to say about them! They know to give you all the extra help you need as an out of state – seller/buyer; they know the market, they are good communicators and realize you need a lot of help being far away from your property. The uncertainty you might feel as a seller or buyer being far away is very well taken care of by Per & Helena, and you can relieve a lot of stress knowing they take care of everything in your best interest. We can highly recommend Per & Helena Nordstrom!”  -Einar & Linda Thodal-Ness, sellers & buyers (2010 &2011)


“Their number one priority was my interest and the service I got was exceptional. They really took a personal interest and went far beyond in actions what you would normally expect from your realtors. Incredibly hardworking, honest and forthright people. They finally sold my home for 97% of the listing price in a very tough market! I would highly recommend Per & Helena to anyone selling a home!” – Donna Soper, seller (June 2011)


“Per & Helena made our home selling process go as smooth and easy as possible. Our Osprey home sold after just 4 days on the market and for 98,6% of our asking price! We appreciated all the”special” treatment they gave us during this time. Bravo!”  – James & Audre Sowle, sellers (May 2011)


“The personal attention, showing feedbacks & phone calls I received from you during the time my home was listed for sale, was outstanding. You took a personal interest in selling my home and it sold for 97,7% of the listing price in only two weeks! I would not hesitate to recommend Helena & Per Nordstrom to my friends or anyone! They are the best!”  – Dora Jean Judge, seller (March 2011)


An International Realtor can bring international buyers!

The international buyer, defined as an individual with a permanent residence outside the United States, accounted for approximately 4.6 percent of the total U.S. residential market in the twelve months ending March 2010, according to the report June 2010 report from NAR (National Association of Realtors). When one includes recent immigrants the percentage increases to 7.3 percent. Fifty percent of international buyers came from four countries: Canada, Mexico, United Kingdom, and China. International buyers were active throughout the U.S., but seven states (Florida, California, Arizona, Texas, Georgia, New York, and Nevada) accounted for 65 percent of the volume.

On the buyer side transactions tend to be somewhat concentrated with a small percentage of Realtors®, possibly due to language and cultural facility. The median price of international transactions was somewhat higher than was the case for residential transactions overall.

It appears that the value of the dollar relative to other currencies is an important factor in influencing the purchasing decision. In addition, some buyers see U.S. real estate as being relatively less expensive than comparable real estate in the home country. Finally, foreign buyers are more likely to pay cash than is the case for domestic purchasers, possibly due to imperfections in banking markets.


Home prices rising in Sarasota

Sarasota is one of the cities in the US with the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Based on August data of 2.2 million listings in 146 markets, Sarasota ranks as  number 6 of the top 10 places for highest year-over-year list price spikes. The average Sarasota list price was $466,785. Year-over-year increase is 15.86%
Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.

Source: Melissa Dittmann Tracey, Realtor® Magazine Daily News

 


Florida’s governor considers taking courts out of foreclosure process

Florida’s governor is considering taking the courts out of the foreclosure process which supporters say will  speed up  the foreclosure process and get houses back onto the real estate market in a quicker phase.  The new concept is already used in 30 other states. For example, court action isn’t needed in Michigan, Arizona, California and Nevada – other states with high foreclosure rates. On average, foreclosure proceedings in those states take from 392 days in Arizona to 511 in California. In Florida it takes 638 days!

The theory is that if you can move more quickly, properties can get back on the market, and it will stimulate the economy. It will also help to faster clean up the “foreclosure mess” and bring the market back to more normal circumstances.  This will help stabilize prices.


Immigration & Visa

While the United States places few restrictions on foreign ownership of real estate, as a foreign buyer you do face restrictions on your use of and access to your property. As a foreign visitor from countries participating in the Visa Waiver Program (VWP), like Sweden and most European and many Asian nations, you can stay in the U.S. for 90 days. During this time you can purchase residential or business property, but to conduct business here you must apply for a visa.

There are many different types of visas, each presenting different restrictions. To learn more about the most common ones, visit www.travel.state.gov/visa.

One pathway to staying in the U.S. indefinitely and perhaps later becoming a citizen is to buy commercial property and establish a small business.
The E-2 Treaty Investor Visa is an example of that and allows foreign nationals to do this. To get the right information for your specific situation, contact an immigration lawyer who can guide you through the process. We are working with local immigration lawyers and would be happy to refer you to someone who best suits your needs.


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Per & Helena Nordstrom
941-228-7356



Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned And Operated.