sarasota: Jumbo Mortgage Rates Fall To Record Lows - 12/08/11 03:03 PM
The jumbo 30-year fixed mortgage rate fell to a new historic low of 4.68 percent, according to’s weekly national research. The average jumbo 30-year fixed mortgage loan has an average of 0.4 discount and origination points.According to Bankrate’s survey, the average conforming 30-year fixed mortgage inched lower to 4.24 percent while the 15-year fixed mortgage held stable at 3.48 percent. Adjustable rate mortgages were generally lower, with the (blank) 5-year ARM dropping to 3.18 percent and the 10-year ARM inching down to 3.8 percent.Mortgage rates are very low, but based on the ultra-low levels of benchmark interest rates such as … (2 comments)

sarasota: Just One Of The Many Reasons To Live On The Florida Gulf Coast! - 05/27/11 10:37 AM

Dr. Beach, America's preeminent beach expert, just named Siesta Key Beach in Sarasota the best beach for 2011.  Dr. Beach, who is also known as Dr. Stephen Leatherman of Florida International University, says, "The powdery sand is nearly pure quartz."  Wide swaths of open beach and gentle waves make it a paradise for anyone.  There's plenty of room to throw a blanket down and take in the sun's rays, walk along the water line or play a game of volleyball.
If you are looking for other great beaches where you can enjoy this Memorial Day weekend, check out my links … (4 comments)

sarasota: Luxury Homes Outperforming The General Market - 09/01/10 04:42 AM
Early last week NAR released the national numbers for July sales.  Overall sales saw a large drop 27% from June and 25% year-over-year from July 2009. While the pundits debate whether the sharp drop in overall sales was a meaningful indicator of market activity or just a product of the expiration of the home-buyer tax credit and artificially time-shifted demand, they all seem to have missed the fact that while overall sales were sharply down, sales in the $1M+ price segment were UP in every region across the country and more than 6% nationally:

"Luxury homebuyers have been buying this summer," … (2 comments)

sarasota: Wave Of Foreclosures Has Begun In The Greater Sarasota Area - 08/12/10 03:23 AM
According to data released by California based RealtyTrac Inc., total foreclosure filings in the three-county region surrounding Sarasota jumped to 3,349 during July, a 40 percent increase from a month earlier and a 10.6 percent increase from July 2009.  While much of the reason for the rise stems from resets on adjustable-rate loans, market watchers are also seeing an increase in commercial foreclosures.  Records also show a steady flow of luxury properties going into foreclosure. At least eight homes in the million-dollar-and-over range fell into foreclosure in July. The largest was a $2.08 million loan on a 5,569-square-foot house on Osprey Point Drive.

sarasota: NAR: International Interest In U.S. Homeownership Increases, Florida and California Remain The Top Two Destinations - 07/08/10 09:59 AM
WASHINGTON - July 8, 2010 - International homebuyers are increasingly attracted to property in the U.S., according to the National Association of Realtors®' 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country."While all real estate in the U.S. is local, the same is not true for property owners," said NAR President Vicki Cox Golder. "The U.S. continues to be a top destination for international buyers from all over the world. … (1 comments)

sarasota: Sarasota 2009 New Construction 75% Below Previous 20-Year Low - 06/01/10 02:36 AM
Figures just released by the Sarasota County Property Appraiser's office puts new construction for all of 2009 at $137 million.  Putting the 2009 figure in terms of 1988 dollars lowers that figure to $74 million.
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sarasota: Dr. Beach ranks Siesta Key Beach #2 In The U.S. - 05/28/10 04:05 PM
Stephen Leatherman, also known as Dr. Beach, has named Siesta Key Beach in Sarasota the nation's second-best beach for 2010.
It's the second year in a row Siesta Key Beach has placed second in the annual ranking.
Siesta Key Beach gets high marks for its public access, 99.9 percent pure quartz sand, and balance between natural beauty and recreation, Sarasota County Parks and Recreation General Manager John McCarthy said in a release.
Read more: Dr. Beach ranks Siesta Beach No. 2 in country - Tampa Bay Business Journal

Steve Eckhardt, Broker, Luxury Real Estate Professional
Contact me at (813) 765-1182

sarasota: Florida Gulf Coast Video Relocation Series - Greater Sarasota And The Beaches - 05/12/10 03:26 PM
In our effort to help home buyers relocating from different areas of the country, we have developed an 11 part video series to highlight the various cities we cover on the Gulf Coast of Florida. This is our second video and it highlights the Greater Sarasota area.

Most of Florida was inhabited Native Americans were the first inhabitants of the area that is now Sarasota, Bradenton, and the beaches, including the violent Timucuan tribe. Prehistoric mounds and shell middens can be found along the … (0 comments)

sarasota: Sarasota Posts 38% Home Sales Increase For March - Luxury Sales Increase 30% - 04/22/10 01:48 PM
The Sarasota-Bradenton MSA reported a total of 1,055 homes sold in March compared to 765 homes a year earlier for a 38 percent increase. The market's existing home median sales price last month was $163,800; a year earlier it was $150,000 for an increase of 9 percent. A total of 382 condos sold in the MSA in March compared to 226 units sold the same month a year earlier for an increase of 69 percent. The existing condo median price last month was $146,400; a year earlier, it was $129,000 for a gain of 13 percent.
39 homes over $1,000,000 sold … (2 comments)

sarasota: New Housing Analysis Claims Sarasota & Tampa Bay Homes Are UNDERVALUED - 03/24/10 05:33 AM
In a report released by IHS Global Insight, using statistics from the end of 2009, titled House Prices In America, Sarasota area home prices are 27% undervalued and Tampa area home prices are 20% undervalued.
In the report, IHS deemed the country as a whole slightly undervalued.  When all of the 330 metro areas are weighted by market value, the nation is 8.9% undervalued. When weighted by housing units, the nation is 10.3% undervalued. House prices fell during the fourth quarter of 2009 by only 0.1% in quarter-over-quarter terms (1.2% year-over-year), according to the Federal Housing Finance Agency (FHFA). This decline, which … (0 comments)

sarasota: Rare Opportunity To Purchase 3.78 Acres on Longboat Key, Florida - 03/07/10 02:22 PM
Just Listed - $2,499,900.  This 3.78 acre parcel off Gulf Of Mexico Drive and Bay Isles Road lies just North of Longboat Key Club on beautiful Longboat Key.  Initially zoned commercial, the property was rezoned to accomodate 12 residential units.   Contact Steve Eckhardt, Broker, Cornerstone Properties & Investments, Inc. at (813) 765-1182 for more information.


sarasota: Wealthly Investors Plan To Increase Their Real Estate Holdings - 12/02/09 12:43 AM
A recent report commissioned by Barclays Wealth and written by the Economist Intelligence Unit shows a renewed confidence in residential real estate.  The United States was ranked as the most attractive global real estate market with China and India close behind.  Despite economic and financial turbulence, high-net-worth individuals have confidence in real estate as an investment and plan to increase their residential real estate portfolio allocations in the near term.
We are seeing this trend play out in the coastal markets around the Sarasota and Tampa Bay regions.  Properties on the water that would have commanded upwards of $5 to $8 million dollars … (1 comments)

sarasota: Sarasota Florida the #1 Buyer's Market, St. Petersburg Ranks #6 - 10/06/09 04:10 PM
The Today Show's Al Roker talked to real estate guru Barbara Corcoran about the US cities where you can get the biggest bang for your buck. Together, they reviewed the 10 Biggest Markets on Sale across the country, cities where prices have dropped the most, and the areas with the greatest real estate values.
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sarasota: Tampa Bay & Sarasota Home Sales Were Up 30 Percent In July - 08/23/09 04:17 AM
Both the Tampa & Sarasota MSA's reported a 30% increase in sales for July 2009 compared to July 2008 numbers. The median sales price in Tampa was down 19% from a year ago to $143,100 and the median sales price in Sarasota was down 22% from a year ago to $179,500. Full statewide statistics are available from The Florida Association of Realtors.

sarasota: Home prices and sales surge in Sarasota / Bradenton - 08/13/09 04:14 PM

Housing prices in the Sarasota-Bradenton market posted a nearly 10 percent increase during the second quarter when compared with the first three months of the year, and sales rose 20 percent.

sarasota: Luxury Home Update For Greater Tampa and Sarasota Florida - 08/09/09 12:41 PM

Sales of million dollar homes increased significantly for the Greater Tampa Bay area and the Greater Sarasota/Bradenton areas.  In the 5 county area the number of homes over $1 million that sold in July increased to 61 compared to the 42 homes that were sold in June.  While newspapers and the media continue to report luxury homes are "languishing" on the market, demand through 2009 has remained relatively stable (January 33 sold, February 29 sold, March 48 sold, April 59 sold, May 54 sold, June 42 sold, July 61 sold).  That being said, we still have over a 42 month supply … (0 comments)

sarasota: Sarasota Custom Waterfront Estate REDUCED $2.25 MILLION - 08/06/09 05:10 PM

1655 BAY HARBOR LN, SARASOTA - $3,499,999 - Beauty and craftsmanship go hand in hand in this splendid Mediterranean masterpiece. This is the developer's personal home.  In addition to the incredible full bay views, this exclusive residence features five spacious bedroom suites, study, loft, six and one half bathrooms, library, family room, formal living and dining rooms. The master suite has its own laundry room and wet bar. An oversized four car garage, brick paver motor court, authentic clay tile roof, and decorative hand carved stone fountain are striking enhancements to the exterior. The gourmet kitchen is a chef's delight with … (2 comments)

sarasota: 3 Major Things to Look at When Buying Tampa or Sarasota Foreclosures - 08/01/09 12:57 PM
If you're looking to get a good deal by buying a Tampa or Sarasota foreclosure, keep in mind that many of the homeowners not only didn't have money for the mortgage, they probably didn't have money for the upkeep of the house either.  If you've found a home you're interested in, here's a short checklist to follow even before you decide to contact a home inspector.
For some Tampa or Sarasota foreclosures, structure is a definite issue.  Pay close attention to the following, as they may indicate more severe problems:
Are the interior walls in good condition?  Any cracks and stains? Are the floors … (0 comments)

sarasota: Luxury Market Statistics For Tampa Bay & Sarasota/Bradenton - 02/06/09 03:36 AM
Sales of million dollar homes took a dive in 2008 for both the Greater Tampa Bay area and the Greater Sarasota/Bradenton areas.  The scarcity of jumbo loans, falling investment portfolios, and economic pessimism all contributed to the slow sales in the luxury home market.
The following statistics are taken from the Mid Florida Regional MLS and cover single family homes over $950,000.  The Greater Tampa Bay area statistics cover Hillsborough, Pinellas, and Pasco counties.  The Greater Sarasota/Bradenton statistics cover Sarasota and Manatee counties.
Greater Tampa Bay Area
492 homes over $950,000 sold in 2008 vs. 601 homes in 2007.  The drop of … (0 comments)

sarasota: Sarasota Equestrian Estate Reduced $150,000 - 01/26/09 03:24 PM

Take A Video Tour
Situated on almost seven acres, this luxury residence is a one of a kind masterpiece with over 4800 square feet of living space. As you step into the foyer, you are drawn to the soaring 30 foot coffered ceilings and a dramatic curved staircase. Travertine floors are found throughout the entire foyer, great room, kitchen, and dining room. This custom floorplan also features 4 bedrooms, 4 baths, a $100,000 media room, custom cabinetry, a study, an upstairs flex area, and all of the adornments you would expect in a prestigious estate home. Step outside the French … (1 comments)

Steve Eckhardt, Tampa, St Pete, and Sarasota Luxury Broker (Cornerstone Properties International) Rainmaker large

Steve Eckhardt

Tampa, St Pete, and Sarasota Luxury Broker

Tampa, FL

More about me…

Cornerstone Properties International

Address: 8875 Hidden River Parkway, Suite 300, Tampa, FL, 33637

Office: (813) 929-3900

Mobile: (813) 765-1182

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Local insight about the Tampa & Sarasota areas, economic conditions that affect the luxury housing market, and unique marketing ideas that help you sell your home. Steve Eckhardt is the Founder, President, & CEO of Cornerstone Properties & Investments. He has been recognized by Who’s Who In Luxury Real Estate and has established himself as one of the area’s preeminent purveyors of luxury homes. His company, Cornerstone Properties & Investments, is a full service luxury boutique firm listing and selling some of the most expensive properties in Greater Tampa Bay and the Sarasota Gulf Coast Regions. His skilled team is committed to providing legendary client service with an unparalleled standard of integrity and expertise. Known for high-profile properties and clients, Steve can provide access to the most exclusive neighborhoods with complete confidentiality. His high regard for client's privacy is what keeps them referring friends and colleagues. We serve the Greater Tampa Bay, Clearwater, St. Petersburg, Sarasota, Siesta Key, and Longboat Key markets.




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