As we move into the next millennium on Bird Key, we can see light at the end of the real estate decline tunnel. Our volume of sales has been generally consistent over the last three years in quantity, but has declined in dollar volume. We presently have 39 active listings of which 14 are off-water; 12 are canals; and 13 are bay homes. On the back are full statistics for 2009 sales.

A unique home sales per square foot has been added to the annual analysis. In an attempt to more accurately look at 2009 sold home valuation, I have brought together My Florida Regional Multiple List Statistics and the Sarasota County Tax assessors Just-Market Lot Statistics. By taking the actual sold price and subtracting the Sarasota County Tax assessors Just-Market Lot valuation an estimated home evaluation can be established. Several times this actually goes to the negative. This can be due to two factors (1) a great deal or (2) property is really a lot. If we then divide the difference by the actual square footage of the home, you can better see how much the home was sold for by the square foot vs potential build costs per square foot. I hope you enjoy this analysis of 2009 Bird Key Sale Statistics, click here to view it.

Contact me at 941.388.4447 or johnaugust@MichaelSaunders.com if you have any questions.

Posted by:John August