Prudential Palms Realty sold 30% more units in April 2009 than in April 2008, making last month the strongest in the company’s seven-year history in terms of the number of properties sold.
“People who have kind of been holding out are now convinced that it has bottomed out,” said W. Howard Rooks, the company’s director of development.
According to Prudential Palms Realty broker/owner Helen Sosso, much of the increase comes from short sales and foreclosures, which now account for 75% of the company’s business.
Sosso said that the company has recently gotten more calls from outside the state, including many from baby boomers who aren’t ready to move to the area yet but plan to do so in the next few years.
“We’ve seen many multiple offers that we haven’t seen for a number of years,” Sosso said.
Prudential Palms Realty merged with Rooks Morris Real Estate in January. The company has approximately 265 agents serving Manatee, Sarasota and Charlotte counties.
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16 Nia with Gail on Longboat Key
11:30 am - 12:30 pm
19 Longboat Key Fine Art Festival
9:00 am - 9:00 pm
19 Mote's Party on the Pass
22 Nia with Gail on Anna Maria Island
11:00 am - 12:00 pm
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Lacrosse players engineer spring break
The Massachusetts Institute of Technology (MIT) lacrosse team members hit the beach on Longboat Key during their recent spring break.
Observer wins 20 Local Media Association awards
Local Media Association, made up of 2,000 newspapers in U.S. and Canada, announced the winners of its 2013 Editorial Contest Monday. The Observer Group won a total of 20 awards among eight of its newspapers, making it the third top company winner.