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.
Currently 0 Responses
26 Youth Track and Field Registation
5:30 pm - 6:45 pm
26 Rabbi Werbow Installation
26 Sarasota Concert Association: The 2015 Great Performers Series of concerts continues with the Chamber Music Society of Lincoln Center, performing "Folk Inspirations"
26 The Chamber Music Society of Lincoln Center with Cellist David Finckel in â��Folk Inspirationsâ��
8:00 pm - 10:00 pm
Tower Residences condo sells for $3.15 million
A condominium in the Tower Residences tops all transactions in this week’s real estate.
Three Things: Winter Getaways
Sarasota is the envy of the rest of the country every time January rolls around. With our sunny weather, white sand beaches and endless recreational activities, we offer freezing visitors from up north the perfect winter retreat.
Two-bedroom Beach Residences unit sells for $2.5 million
A condominium in The Beach Residences tops all transactions in this week’s real estate.