Test Your Sarasota Market Knowledge

Posted by Marc Rasmussen on Wednesday, November 12th, 2014 at 4:57pm.

One of the biggest challenges real estate agents face is managing the expectations of potential buyers . Many of our buyer clients are from out of town and are made up retirees, vacation home buyers and those looking to relocate to the Sarasota/Bradenton areas. Many of them are not familiar with our real estate market so sometimes their expectations are out of line with their budgets.

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Yesterday, one of my agents was telling me about a potential buyer coming to town that wanted a three bedroom condo on the beach with magnificent water views for $150,000. In this situation this buyer pretty much needed to add a zero to their price since these properties can easily be $1,500,000. We get inquiries like this all of the time. That is ok. It is our job to educate buyers and sellers and we love doing that.

One of the best ways to learn the Sarasota market and her barrier islands (Siesta Key, Longboat Key, Lido Key, Bird Key, Casey Key) is to research the sold properties. Fortunately, you can do that on our website here - Search Sarasota sold properties. You can also have your Realtor send you properties that have recently sold with your criteria. Looking at enough sold properties will tell you all about our real estate market. If you want a condo on the beach, home on a golf course, downtown condo, waterfront home or anything else take a look at the sold properties in those segments of the market within your price range. You will start to see what views they may have, their average size, condition, year built and location. Within just a few minutes of perusing these sold properties you will start to understand our real estate market and what to expect in your price range. At this point, you might decide to focus on a different segment of the market or adjust your price range.

It is no problem if you don't feel like searching on your own. Our agents would be happy to email you a list of sold properties within your budget. Just visit this page and explain to us what you are seeking.

 

Think You Know the Sarasota Real Estate Market?

Below you will find three quizzes testing your knowledge of the Sarasota real estate market. Match the five sales prices to the corresponding image. Write your answers below in the comments section and I will post the answers Thursday November 13th at 3:00pm est.

Winners gets bragging rights.

 

Quiz 1 - Views from Single Family Homes


Below you will find five photos taken from homes that have sold in Sarasota. Try to match the five sales prices with the images below.

  1. $250,000
  2. $3,395,000
  3. $500,000
  4. $3,650,000
  5. $1,862,500

A.

1.$250,000 / 2. $3,395,000 / 3. $500,000 / 4. $3,650,000 / 5. $1,862,500

1435 Hillview Drive, Sarasota

B.

1. $250,000 / 2. $3,395,000 / 3. $500,000 / 4. $3,650,000 / 5. $1,862,500

4401 Mangrove Drive, Sarasota

C.

1. $250,000 / 2. $3,395,000 / 3. $500,000 / 4. $3,650,000 / 5. $1,862,500

12318 Tall Trees Way

D.

1. $250,000 / 2. $3,395,000 / 3. $500,000 / 4. $3,650,000 / 5. $1,862,500

549 General Harris, Longboat Key

E.

1. $250,000 / 2. $3,395,000 / 3. $500,000 / 4. $3,650,000 / 5. $1,862,500

832 Freeling Drive, Sarasota

 

Quiz 2 - Views from Barrier Island Condos


Below are five sold barrier island condos. Try to match the five sales prices with the images below.

  1. $1,562,500
  2. $2,700,000
  3. $352,500
  4. $260,000
  5. $920,000

A.

1. $1,562,500 / 2. $2,700,000 / 3. $352,500 / 4. $260,000 / 5. $920,000

1300 Ben Franklin Drive #904, Sarasota

B.

1. $1,562,500 / 2. $2,700,000 / 3. $352,500 / 4. $260,000 / 5. $920,000

2301 Gulf of Mexico Drive, Longboat Key

C.

1. $1,562,500 / 2. $2,700,000 / 3. $352,500 / 4. $260,000 / 5. $920,000

6326 Midnight Pass Road, Siesta Key

D.

1. $1,562,500 / 2. $2,700,000 / 3. $352,500 / 4. $260,000 / 5. $920,000

6415 Midnight Pass Road, Siesta Key

E.

1. $1,562,500 / 2. $2,700,000 / 3. $352,500 / 4. $260,000 / 5. $920,000

415 L' Ambiance Drive, Longboat Key

 

Quiz 3 - Views from Downtown Sarasota Condos


Below are five sold downtown Sarasota condos. Try to match the five sales prices with the images below.

  1. $2,000,000
  2. $1,250,000
  3. $4,250,000
  4. $375,000
  5. $444,900

A.

1. $2,000,000 / 2. $1,250,000 / 3. $4,250,000 / 4. $375,000 / 5. $444,900

555 S. Gulfstream Avenue, Sarasota 

B.

1. $2,000,000 / 2. $1,250,000 / 3. $4,250,000 / 4. $375,000 / 5. $444,900

464 Golden Gate Drive, Sarasota

C.

1. $2,000,000 / 2. $1,250,000 / 3. $4,250,000 / 4. $375,000 / 5. $444,900

1350 Main Street, Sarasota 

D.

1. $2,000,000 / 2. $1,250,000 / 3. $4,250,000 / 4. $375,000 / 5. $444,900

1771 Ringling Blvd, Sarasota 

E.

1. $2,000,000 / 2. $1,250,000 / 3. $4,250,000 / 4. $375,000 / 5. $444,900

1111 Ritz Carlton Drive, Sarasota

 

 

Update November 14, 2014 - Answers

Views from Single Family Homes


A. 1435 Hillview Drive, Sarasota - Sold for $3,650,000

B. 4401 Mangrove Place, Sarasota - Sold for $3,395,000

C. 12318 Tall Pines Way, Lakewood Ranch - Sold for $250,000

D. 549 General Harris, Longboat Key - Sold for $500,000

E. 832 Freeling Drive, Sarasota - Sold for $1,862,500

 

Views from Barrier Island Condos


A. 1300 Ben Franklin Drive, Sarasota - Sold for $2,700,000

B. 2301 Gulf of Mexico Drive, Longboat Key - Sold for $352,500

C. 6326 Midnight Pass Road, Siesta Key - Sold for $920,000

D. 6415 Midnight Pass Road, Siesta Key - Sold for $260,000

E. 415 L'Ambiance Drive, Longboat Key - Sold for $1,562,500

 

Views from Downtown Sarasota Condos


A. 555 S. Gulfstream Avenue, Sarasota - Sold for $1,250,000

B. 464 Golden Gate Point, Sarasota - Sold for $4,250,000

C. 1350 Main Street #808, Sarasota - Sold for $444,900

D. 1771 Ringling Blvd. #1205, Sarasota - Sold for $435,000

E. 1111 Ritz Carlton Drive, Sarasota - Sold for $2,000,000

 

 

 

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Photos courtesy of DWELL Real Estate, Michael Saunders and Company, Coldwell Banker, Premier Sothebys International Realty, RE/MAX Alliance Group

6 Responses to "Test Your Sarasota Market Knowledge"

Andy D wrote: Quiz 1
1. C
2. B
3. D
4. E
5. A

Quiz 2
1. A
2. E
3. B
4. D
5. C

Quiz 3
1. A
2. E
3. B
4 D
5. C Posted on Wednesday, November 12th, 2014 at 12:31pm.
S Duncan wrote: 1. C
2. A
3. D
4. B
5. E

1. E
2. A
3. B
4. D
5. C

1. E
2. A
3. B
4. D
5. C Posted on Wednesday, November 12th, 2014 at 12:54pm.
A. Greene wrote: A. 2
B. 4
C. 1
D. 3
E. 5

A. 2
B. 3
C. 5
D. 4
E. 1

A. 2
B. 3
C. 4
D. 5
E. 1 Posted on Wednesday, November 12th, 2014 at 3:03pm.
Ellen F wrote: Quiz 1
1. C
2. A
3. D
4. B
5. E

Quiz #2
1. A
2. E
3. B
4. D
5. C

Quiz #3
1. B
2. E
3. A
4. D
5. C Posted on Wednesday, November 12th, 2014 at 6:36pm.
Lucille L. wrote: 1. $3,395,000
2. $3,650,000
3. $250,000
4. $500,000
5. $1,862,500

1. $1,562,500
2. $260,000
3. $920,000
4. $352,000
5. $2,700,000

1. $1,250,000
2. $2,000,000
3, $444,900
4. $375,000
5. $4,250,000 Posted on Wednesday, November 12th, 2014 at 9:08pm.
Marc Rasmussen wrote: Thank you for your comments. The answers have been posted.

It looks like A. Greene did the best job and gets bragging rights. ;-) Posted on Friday, November 14th, 2014 at 10:18am.

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