Wagner Realty President David Eckel announced today that the company’s year-to-date number of pending sales is up 42% from last year. May 2009 pending sales are 35% higher than they were in May 2008.
Eckel said the company’s numbers showed the strength of the Sarasota-Bradenton market compared to the national market.
“A real barometer of the market is what’s happening locally this week and this month, not what happens elsewhere,” said Eckel in a press release.
According to Ron Cornette, marketing director at Wagner Realty, the sales spike is the result of the drastically reduced prices in the marketplace. Although some pending sales involve foreclosures and short sales, these transactions are in the minority, Cornette said.
Western and northwestern Bradenton sales have been strong, Cornette said. Sales on Longboat Key and Anna Maria Island have fluctuated from month to month, although the company’s island rental business has experienced an increase in activity.
“It looks like we’ve hit rock bottom, and it wasn’t a concrete slab,” Cornette said. “It was a trampoline.”
Currently 0 Responses
Hat's off to Dee Pelton, volunteers
Dee Pelton held a luncheon that will be tough to top.
Youth sailors descend on City Island
Approximately 250 people hit the water Saturday, April 20 through Sunday, April 21, for Sailfest. The regatta, Sarasota Youth Sailing's biggest fundraiser of the year, included four classes of competition — Optimus, 420, Laser and Multi-hull — and a barbecue feast.
Book club sunsets for the season
The Sunset Beach Book Club, in its 10th year, ended this season with a luncheon and discussion of the book “Gone Girl,” by Gillian Flynn, April 18, at Lazy Lobster. Discussion moderator was Ricki Carroll. Together, the group read five books this season.