Schemmel Closes $10,684,750 in Sales – June 25, 2010

SIGNATURE SOTHEBY’S INTERNATIONAL REALTY SALES ASSOCIATE
CLOSES $10.7 MILLION IN LUXURY PROPERTIES IN THE LAST 30 DAYS

SARASOTA, Florida (June 21, 2010)— Signature Sotheby’s International Realty is pleased to announce that  Joel Schemmel, a sales associate with the firm, has sold $10,684,750 million of luxury properties in the past thirty days, providing continuing evidence that buyers are regaining confidence in the luxury real estate markets in both Sarasota and Manatee counties.

835 Norsota Way, a spectacular Italian renaissance bay front residence on Siesta Key, offered buyers 6,339-sf directly on the Sarasota Bay and one of the area’s most prestigious addresses. Judy Green, the broker and owner of Signature Sotheby’s International Realty, commented on Joel’s dedication to marketing this property. “During our firm’s year long marketing engagement on this home, Joel and his team provided unprecedented marketing investments to expose this property — including 34 print advertisements, 25 online advertisements, 26 open houses, direct mail campaigns and multiple special events. It’s no surprise Joel represented both the seller and the buyer in this successful transaction.” The property closed on May 20, 2010 for $3,200,000, the second highest sale price achieved on Siesta Key year-to-date.

19449 and 19445 Ganton Avenue are beautiful estate homes in The Concession, a private club and gated community in Bradenton featuring a Jack Nicklaus Signature Golf Course designed with Tony Jacklin. The properties were originally model and/or inventory homes of the now dissolved Pruett Builders. Joel was awarded the listings after an exhaustive search for an agent by SunTrust bank. These two bank-owned properties received extraordinary exposure, resulting in a combined 60 showings over their approximately five months on the market. 19449 Ganton Avenue, a 9,101-sf, 5 bedroom residence, the larger of the two homes, sold for $1,530,000 on May 26, 2010. 19445 Ganton Avenue, a 6,325-sf, 5 bedroom residence, sold for $1,454,750 on May 28, 2010.

5119 Jungle Plum Road, a 31,000-sf lot with protected deep water and bay views, is located on the coveted north end of Siesta Key. The home site boasts over 150 feet of frontage, making it perfect for an elaborate waterfront home. Given the almost absolute lack of new construction inventory on barrier islands, this sale recognized the affluent buyer’s shift towards land purchases with plans to construct new homes. This vacant parcel sold for $1,300,000 on May 27, 2010.

Joel Schemmel, the listing agent on all four properties, has consistently been ranked among the top agents in Sarasota County and has been the top producing agent team at Signature Sotheby’s International Realty in Sarasota for 2008, 2009 and year to date 2010. As head of the Schemmel Property Group, Joel’s diverse background as an Attorney and CPA provide him with the ability to assist his clients in the intricacies of today’s challenging real estate climate. This combined with the extraordinary communication and marketing skills of his team, means results for clients.

 
About Signature Sotheby’s International Realty Local expertise. Global connections. As Sarasota, Manatee and Charlotte County’s exclusive Sotheby’s affiliate, Signature Sotheby’s International Realty artfully unites extraordinary properties with extraordinary lives. Focusing on the customer, the company is proud to carry the centuries-old reputation of the Sotheby’s brand and its time honored tradition of providing exceptional service. As part of the Sotheby’s global network of more than 10,000 sales associates in more than 500 offices in the U.S. and 38 other countries and territories, Signature Sotheby’s International Realty connects buyers and sellers from around the world. For more information, visit www.signaturesir.com.

About Sotheby’s International Realty Affiliates LLC Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

Contact
Joel Schemmel
50 Central Avenue, Suite 110
Sarasota, FL 34236
Phone: (941) 308-6497