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Sarasota Market Update for November 2011
Sarasota Market Updated for November 1, 2011 The Sarasota Real Estate Market is showing definite signs that the bottom may be in the rear view mirror.  The Sarasota Association of REALTORS is reporting an 18.4% increase in sales for October for 2011 vs. 2010.  I have always kept my own numbers and this is what I see.
 

My numbers are somewhat higher all around and it may be becasue I include all of Sarasota County.  Being out in the trenches, I see areas where homes are hard to come by and it is not unusual to see multiple offers on well-priced homes.  At the same time, there are neighborhoods that seem to be stuck with high levels of short sales and are not yet seeing the upward trend the overall market enjoys. 
 

The overall market this year seems to follow the trend of last year but a higher price point. My numbers show a 3.6% increase in units sold year to date compared to last year.  The average sales price is also up 5.6% from $116.74 to $123.38 per square foot.  The average sales price is up an impressive 10% from 205,503 to 226,598. 

Since our busy season is ... more

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