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November Prices Up 23 Percent Over Last Year In Sarasota Market!

November Prices Up 23 Percent Over Last Year In Sarasota Market!  While the number of sales in the Sarasota Real Estate Market have moderated as the year comes to a close prices have definitely been on the increase.  In fact, year over year, median prices for single family homes between November 2012 and November 2013 have increased a whopping 23 percent.  The median price this November was $181,700 compared to $147,000 in November of 2012.  The same comparison for condos was not as upbeat, but still very positive at 10.9 percent.
Total sales in the Sarasota Real Estate Market for November 2013 were 760 (531 for single family homes and 229 for condos.).  This is down significantly from October's sales figure of 818 for single family homes and condos.  It is too early to tell if this is a trend or just the normal seasonal adjustment.
"The November 2013 statistics indicate that the local market has leveled off at a high sales rate," said SAR President Roger Piro.  "Word of mouth continues to indicate strong attendance at open houses, and we seem to be experiencing the traditional increase in seasonal residents and visitors.  Judging from past trends, we should anticipate a ... more

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