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Terrace Condos For Sale West Of The Trail Sarasota Florida Market Update 2013 11

By Stephen Howell

Real Estate Agent with Coldwell Banker Residential Brokerage

November 21, 2013 01:50 AM

Terrace Condos For Sale West Of The Trail Sarasota Florida

There are 2 condos for sale at the Terrace in Sarasota Florida on November 21, 2013. The average list price is $1,026,900, the minimum list price is $865,000 and the maximum list price is $1,188,800. The average list price per square foot is $728, the minimum list price is $629 per square foot and the maximum list price is $827 per square foot. The average days on market was 220.

There are currently no condos pending sale at the Terrace for the same period.

Terrace Condos For Sale West Of The Trail Sarasota Florida

There have been 4 condominiums sold at the Terrace in the last 12 months. The average list price for condominiums sold during this period was $949,250, the minimum list price was $829,000, and the maximum list price was $1,018,000. The average sold price was $882,500, the minimum sold price was $825,000 and the maximum sold price was $990,000. The average sold price per square foot was $683, the minimum sold price was $600 per square foot and the maximum sold price was $722 per square foot. The average list price to sold price ratio was 92.97%. The average days on market was 124.

With 4 condos at the Terrace selling in the last 12 months, there is six month inventory of condos for sale in the Terrace. Industry experts suggest that 6 months of inventory is where the market is balanced. More than 6 months, it's a buyer's market and less than 6 months, it's a seller's market.

Real Estate Market Trends In The 34242 Zip Code

Terrace condos for sale West of the Trail can be found in the 34242 zip code in Sarasota Florida. The gauges below reflect current market conditions in the 34242 zip code. Because the gauges are updated automatically, they may show more current information than the point-in-time information contained in this real estate market report. The needles on the gauges point to this month's metric and the dials start at the five year low and stop at the five year high. Where the dials change color, that marks the average over the five year period.

Find Terrace Condos For Sale West Of The Trail Sarasota Florida

Buyers can find luxury Terrace condos for sale where Siesta Beach meets the Gulf of Mexico joined by spectacular sunsets. While it is true that often condos at the Terrace are expensive, there are several well priced condos where the owners will enjoy a maintenance-free beachfront complex with direct access to the world renowned Siesta Beach, as well as other amazing amenities including pool and fitness center. This a well maintained property with on-site management. From here you can walk to Siesta Village all the while being close close to Sarasota's many cultural venues, restaurants, shopping, golfing, swimming, boating, fishing, shooting, baseball, tennis, and more 365 days in the year.

Do you need help buying or selling a Terrace residence? If so, email me or call me at 941-870-4141. Are you wondering what your Terrace condominium is worth? Request a no-obligation real estate market analysis. Just looking? Then visit Terrace Condos For Sale West Of The Trail Sarasota Florida.