TRENDSDowntown SaraSota ConDominium market report

Dear neighbor:

i would like to take this opportunity to wish you and your loved ones a holiday season that is full of love and happiness. may the upcoming year bring you good health and much joy!

the third quarter numbers are in with some interesting results. these results reflect the condominiums that i track in the 34236 zip code. we saw a drop in the number of sales, which is not unexpected as historically we see the number of sales drop in the third quarter, just before “season”. However, we did see a total of 29 sales over $1,000,000 in the first three quarters of 2012.

inventory continued to show a decrease with 29.8 percent from the third quarter 2011 with pending sales showing an 18.2 percent increase. Days on the market decreased by 12.9 percent for third quarter 2012 over third quarter 2011. although we saw a slight decrease in the dollars per square foot for the third quarter 2012, September saw a surge in dollars per square foot with a 61.9 percent increase over September 2011.

renewed vitality has continued throughout 2012 in the luxury market as buyers have become increasing interested in the lock-and-leave lifestyle. our current market is proving to be a sellers-market so let me help you navigate your way to a successful sale.

Barbara meiBroker associatepremier Sotheby’s international realty

the Sotheby’s international realty network currently has more than 12,000 sales associates located in approximately 600 offices in more than 45 countries and territories worldwide, and places over 7,500 referrals every year.

123

789

1229

1/12

114

562

1248

2/12

114

759

1265

3/12

110

668

1240

4/12

98

674

1174

5/12 6/12

97

97

1112

7/12

86

418

1180

8/12

88

428

1137

9/12

89

705

1318

global REach unparalleleD international expoSure

Sothebysrealty.com represents the starting point of a comprehensive online marketing system that expands the exposure of your home to the most significant media companies and real estate focused websites in the world. with over 92% of potential homebuyers beginning their home search online, our listing distribution initiative creates a multitude of opportunities for these online consumers to discover your home.

*Source: Trendgraphix. Sales volume, listing prices and sold prices of featured condominiums in the 34236 zip code. Based upon data from 1/1/12 through 9/30/12.

ThE NEw TREND aS inventory DeCreaSeS, Sale priCeS inCreaSe. if you’re in tHe market, now’S tHe time to Buy, or Sell.

PRicE of coNDoSfoR SalE

PRicE of coNDoS

SolD

NumbER of coNDoS

foR SalE

0123456789

1011121314

condo Year built Total units in bldg Number of active listings

Number of Pending listings

Number closed

Q1 - Q3average list Price of Sold Properties average Sold Price average Sold

Sf average Sold

Price/Sflist/Sold Price

Ratioaverage Days

on market

1350 main Street 2007 138 9 1 10 $661,950 $616,950 1506 $405 93% 181

alinari 2007 205 12 3 8 $365,949 $340,025 1581 $225 93% 141

Bay plaza 1982 100 4 2 7 $696,142 $655,000 1864 $351 94% 156

Beach residences 2005 88 13 1 3 $2,480,000 $2,285,000 3527 $620 91% 152

Beau Ciel 2003 44 1 2 4 $2,757,250 $2,356,250 4248 $493 91% 355

Broadway promenade 2007 187 6 2 10 $237,600 $221,980 1170 $188 94% 166

Condo on the Bay 1982 272 4 4 23 $464,926 $435,869 1649 $263 94% 81

Golden Bay 2002 187 1 0 1 $780,000 $725,000 2130 $340 92% 1

Grande riviera 2005 13 3 0 0 - - - - - -

la Bellasara 2006 28 2 0 4 $2,937,000 $2,616,250 3836 $656 90% 292

l'elegance 1996 105 4 1 3 $1,042,500 $950,000 1936 $489 90% 149

majestic Bay 2004 10 2 0 0 - - - - - -

marina tower 2001 40 0 0 1 $1,449,000 $1,300,000 3780 $344 89% 463

one Hundred Central 2005 95 3 3 5 $669,600 $626,800 1778 $345 93% 116

orchid Beach Club residences 2005 54 4 1 3 $1,461,666 $1,358,333 3038 $450 93% 161

plaza at five points 2005 52 3 0 3 $993,333 $930,000 2127 $435 94% 163

renaissance 2001 244 4 2 13 $250,015 $232,900 1006 $226 92% 48

ritz Carlton residences 2001 48 9 0 3 $1,065,000 $955,833 2201 $440 89% 233

ritz Carlton tower residences 2003 80 5 0 3 $1,640,000 $1,416,666 3178 $442 86% 220

rivo at ringling 2006 106 6 2 4 $595,600 $555,750 2025 $281 94% 124

Sarabande 1998 57 2 0 6 $999,000 $949 2198 $423 95% 208

Savoy on palm 2006 24 1 0 3 $2,078,333 $1,980,000 3719 $538 95% 109

tessera 2000 24 0 1 1 $1,375,000 $1,300,000 3315 $392 94% 298

DowNTowN SaRaSoTa market reporttHirD quarter 2012

information contained in this chart is considered reliable, but because it has been supplied by third parties, we can not represent that it is accurate or complete, nor should it be relied upon as such. the data from mfrmlS on the chart is for the exclusive use and benefits of the clients of premier Sotheby’s international realty and may not be copied without permission. these properties were not all listed or sold by premier Sotheby’s international realty. ©mmxii premier Sotheby’s international realty. all rights reserved. Sotheby’s international realty® is a registered trademark licensed to Sotheby’s international realty affiliates llC. equal Housing opportunity. if your property is listed with a real estate broker, please disregard. it is not our intention to solicit the offerings of other real estate brokers. we are happy to work with them and cooperate fully.

condo Year built Total units in bldg Number of active listings

Number of Pending listings

Number closed

Q1 - Q3average list Price of Sold Properties average Sold Price average Sold

Sf average Sold

Price/Sflist/Sold Price

Ratioaverage Days

on market

1350 main Street 2007 138 9 1 10 $661,950 $616,950 1506 $405 93% 181

alinari 2007 205 12 3 8 $365,949 $340,025 1581 $225 93% 141

Bay plaza 1982 100 4 2 7 $696,142 $655,000 1864 $351 94% 156

Beach residences 2005 88 13 1 3 $2,480,000 $2,285,000 3527 $620 91% 152

Beau Ciel 2003 44 1 2 4 $2,757,250 $2,356,250 4248 $493 91% 355

Broadway promenade 2007 187 6 2 10 $237,600 $221,980 1170 $188 94% 166

Condo on the Bay 1982 272 4 4 23 $464,926 $435,869 1649 $263 94% 81

Golden Bay 2002 187 1 0 1 $780,000 $725,000 2130 $340 92% 1

Grande riviera 2005 13 3 0 0 - - - - - -

la Bellasara 2006 28 2 0 4 $2,937,000 $2,616,250 3836 $656 90% 292

l'elegance 1996 105 4 1 3 $1,042,500 $950,000 1936 $489 90% 149

majestic Bay 2004 10 2 0 0 - - - - - -

marina tower 2001 40 0 0 1 $1,449,000 $1,300,000 3780 $344 89% 463

one Hundred Central 2005 95 3 3 5 $669,600 $626,800 1778 $345 93% 116

orchid Beach Club residences 2005 54 4 1 3 $1,461,666 $1,358,333 3038 $450 93% 161

plaza at five points 2005 52 3 0 3 $993,333 $930,000 2127 $435 94% 163

renaissance 2001 244 4 2 13 $250,015 $232,900 1006 $226 92% 48

ritz Carlton residences 2001 48 9 0 3 $1,065,000 $955,833 2201 $440 89% 233

ritz Carlton tower residences 2003 80 5 0 3 $1,640,000 $1,416,666 3178 $442 86% 220

rivo at ringling 2006 106 6 2 4 $595,600 $555,750 2025 $281 94% 124

Sarabande 1998 57 2 0 6 $999,000 $949 2198 $423 95% 208

Savoy on palm 2006 24 1 0 3 $2,078,333 $1,980,000 3719 $538 95% 109

tessera 2000 24 0 1 1 $1,375,000 $1,300,000 3315 $392 94% 298

DowNTowN SaRaSoTa market reporttHirD quarter 2012

Barbara mei | 941.893.7417

information contained in this chart is considered reliable, but because it has been supplied by third parties, we can not represent that it is accurate or complete, nor should it be relied upon as such. the data from mfrmlS on the chart is for the exclusive use and benefits of the clients of premier Sotheby’s international realty and may not be copied without permission. these properties were not all listed or sold by premier Sotheby’s international realty. ©mmxii premier Sotheby’s international realty. all rights reserved. Sotheby’s international realty® is a registered trademark licensed to Sotheby’s international realty affiliates llC. equal Housing opportunity. if your property is listed with a real estate broker, please disregard. it is not our intention to solicit the offerings of other real estate brokers. we are happy to work with them and cooperate fully.

premier Sotheby’s international realtyplaza at five points

50 Central avenue, Suite 110Sarasota, florida 34236

barbara mei941.893.7417barbara.mei@sothebysrealty.com

Barbara mei’s years of real estate experience, passion for urban and maintenance-free living, love of the arts and a deep appreciation for convenience will guide you through or to your real estate dreams.

please e-mail barbara.mei@sothebysrealty.com and request that trends be e-mailed to you instead of mailed.