Posted by Marcia Salkin in Uncategorized 18 Jun 2009

Thursday 6-18-2009


[Real Estate] Is Luxury Real Estate Back on Track?Jacob Ogles,
Realtors specializing in high-priced homes say stability seems more elusive on high-end properties, but that sales are happening in greater numbers. So far this year, 83 homes have sold for more than $1 million in Sarasota County and 49 sales are pending for homes of that value or higher, according to the Sarasota Association of Realtors. Judy Kepecz-Hays, a Realtor with Coldwell Banker, made headlines this year when she sold a home on Spoonbill Drive on Bird Key for $4.75 million. Along with a couple major sales by Michael Saunders and Company this year, optimism seems to again be returning to the local market. Marcia Salkin, who helps run the website, says there is even renewed interest in the uber-luxury homes. She has showings scheduled for a $15 million Flamingo Drive property, an $8.5 million property of Hillview Drive and $6.8-million home on MeadowLark Drive. “We are showing our ulta-luxury homes once again,” she said. But it could still be a couple months before Realtors know they are in a real market again, Salkin said.

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