Sarasota Florida Townhomes

 

 Sarasota MLS Townhome Update.  June 24, 2008

Sarasota MLS search results indicate townhomes listed sold from April 24th – June 24th, 2008.  60 day search.

15 Sold Listings

Architectural Style      TownHouse

 Sold Date                60 days back

                      Beds       Baths      SqFt        LP         LP/SqFt      SP              SP/SqFt

High                    3          2        2,124    $939,000    $599.62     $800,000    $491.70   

Low                     2          1        1,042    $119,900    $93.08       $110,000     $85.80

Average            3          2        1,516    $392,527    $252.98    $352,547       $225.80

Median              3          2        1,455    $349,900    $200.58    $295,000       $167.95 

There is new townhome product through local and national builders in the Sarasota and Bradenton area as well, sometimes these are not entered as listings in the MLS.  Again, I cannot stress enough, buying any property without a real estate agent leaves you susceptible to overpaying and missing important property and tax information.  A responsible and knowledgeable real estate agent should do a thorough county property record search as this is vital as most (not all) townhome properties do not get listed on the MLS.  You definitely want to know the all around sales numbers on sold property value when going in to negotiate with a builder. 

 

County	Active	Pending	Sold YTD
Sarasota (Condo)
Sarasota (residential)
Manatee

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Sarasota Townhomes, villa’s, condo’s are for the most part maintenance free.  The maintenance for the development is typically included in the fee’s of the association.  This lifestyle fits a homeowner that wants to pick up and go at their leisure.  A townhome has mass appeal to all owner types.  Single parents, Empty-nesters, Boomerangs (parents that have children return from college), people in travel related careers, Baby Boomers, Single Women and more.

 

 

 

Sarasota Townhomes, villa’s, condo’s are for the most part maintenance free.  The maintenance for the development is typically included in the fee’s of the association.  This lifestyle fits a homeowner that wants to pick up and go at their leisure.  A townhome has mass appeal to all owner types.  Single parents, Empty-nesters, Boomerangs (parents that have children return from college), people in travel related careers, Baby Boomers, Single Women and more.

 

 

 

 

 

 

 

This makes it easy to manage for a homeowner.  Often times, the condo association or homeowners association takes care of the common grounds, pays for the cable TV, roof maintenance, painting of the building and now it is common place to see wireless internet connection throughout a townhome development.  Homeowners Insurance is also usually covered in the budget, but not the contents of persons residence.  There is an insurance policy that the owner should take out to cover their own perils. There are some developments that have CDD (Community District Development) fees.  These fees/costs are assessed to the homeowner when a developer has the county or city put in the infrastructure.  Walt Disney World in Orlando was the first in the country to use CDD fees.

Definition according to Merriam-Webster:
Town home: usually single-family house of two or sometimes three stories that is usually connected to a similar house by a common sidewall.

Villa: a detached or semi-detached urban residence with yard and garden space

Condominium: individual ownership of a unit in a multi-unit structure (as an apartment building) or on land owned in common (as a town house complex); also : a unit so owned b: a building containing condominiums

The picture below is from a townhome in Bradenton that I found for my client.

    

Here’s a builders model picture I stitched together: