The Price is Right: Office Posts $20 Million in Sales in One Day

Main Street office of Michael Saunders & Company yield positive results

Main Street office of Michael Saunders & Company yield positive results

RISMEDIA, December 15, 2006-Sarasota's real estate market may be down for a nap, but the associates at Michael Saunders & Company are definitely not snoozing. In one very busy day last week, the company's downtown office took to contract more than $20 million in combined sales, according to Gary Loughlin, manager of the branch located at Main Street and Osprey Avenue.

This is great news and a tribute to Gary's team," said Michael Saunders, president and founder of the company, now celebrating its 30th year. People are demonstrating renewed faith in the market by purchasing when the price is right."

Associates involved in the day-long sales marathon included Phyllis Garfinkle, Marianne LeBar, Pat Mudgett, the team of Kim and Michael Ogilvie, and Debra Pitell.

These associates are all veterans of the company and the region's real estate market," Loughlin said from his Main Street office. They've seen plenty of ups and downs and know that a sluggish market yields positive results to those who price their homes realistically. We have been very consistent in counseling our clients to set sensible selling prices and it shows up dramatically when we have days like this."

Michael Saunders adds, This is yet another sign that the on-going correction has provided the reality check the market needed in order to return to times when home appreciation was strong and steady, inventories were moderate and there was greater equilibrium between buyers and sellers. Thanks to the diligence of our associates in counseling sellers, I expect to see many more days like this as newly energized buyers re-awaken the market."

In 2006, Michael Saunders & Company celebrates thirty years of service to Southwest Florida. Founded as a single small office in 1976, the company has grown to 17 full-service offices-with more than 400 professionally trained associates and 200 staff members. Powerful world-wide affiliations-including Christie's Great Estates, Leading Real Estate Companies of the World, Board of Regents and The Registry of Real Estate Brokers-extend the company's message to qualified buyers globally, ensuring the broadest possible exposure for our properties.

With sales exceeding $3 billion in 2005, Michael Saunders & Company is ranked 48th among the top 100 real estate companies in the U.S. and among the 35 most influential Realtors in luxury real estate. Each sales associate's average of $5.99 million in annual sales has propelled the company to 9th in the nation for individual agent productivity.

At Michael Saunders & Company, ours is a company-wide commitment to enrich the lives and culture of the communities we serve. Each year, the company makes significant contributions to more than 75 charitable, educational and cultural institutions throughout the region. These include Boys & Girls Clubs of Sarasota, Junior Achievement, Child Protection Center, The Dyslexia Foundation, Florida Studio Theater, Mote Marine Laboratory, Westcoast Black Theater Troupe, Manatee County Schools Foundation, Manatee Community College, University of South Florida Foundation, Education Foundation of Sarasota County, Marie Selby Botanical Gardens and the Community Foundation of Sarasota.

For more information call 1-888-552 5228 or visit www.michaelsaunders.com.

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