Sales have leveled off in the past couple of months, but both inventory or homes coming on the market and median sales prices continue to rise. Inventory in April increased 8 percent over April 2015 in Sarasota County. Current inventory is at 4.5 months compared to 4.2 this time last year. This number represents the number of months it would take to sell all existing inventory if no new listings came on the market. Six months inventory is considered a balanced market between buyers … (0 comments)
The Sarasota Real Estate Market finished the year with an all-time record of 20,691 sales; an increase of 1,302 sales over the previous year. This represents the highest number of sales recorded in the Sarasota Real Estate Market in 100 years of record-keeping.
"These truly are exciting times for the real estate community, and reflects the hard work and dedication of our Realtor members," said Linda Formella, RASM President. "Our industry has been steadily and soundly rebuilding and I am so … (0 comments)
Sarasota Home Prices The Sarasota Real Estate Market sales activity exploded in April, exceeding the previous record set in April 2004 by just one sale. Pending sales (an indicator of future closings) also increased while the number of homes on the market decreased slightly. In April 1,224 homes closed in Sarasota County, 791 single family homes and 433 condos.
"The Sarasota-Manatee region is one of the hottest markets in the nation because we have tremendous weather, an amazing natural environment, great business climate, good … (0 comments)
Sarasota Home Sales Remain Steady In February, And That's A Good Sign! The Sarasota Real Estate Market is maintaining a regular frequency for both sales and median price. There were a total of 787 closed sales in February, down slightly from last February, but up slightly from January 2014. The median sales price for single family homes has remained stable, but there has been more irregularity in the median price for condos. The median sales price for single family homes in the Sarasota Real Estate Market was $188,000, an increase of 20 percent over the previous year. The median … (0 comments)
Sarasota Home Sales Off To A Solid Start In 2014! Following a record breaking year in 2013, home sales were the second highest in the 90 year history of the Sarasota Association of Realtors, the new year sales forecast is looking very strong. Although January's sales in the Sarasota Real Estate Market were down from December, they were up 10 percent over last January's. In addition, pending sales (a good indicator of future months sales) were up from previous months indicating a strong sales performance in the coming months. Other strong indicators for a robust Sarasota Real Estate Market … (0 comments)
sarasota real estate market: November Prices Up 23 Percent Over Last Year In Sarasota Market!
- 12/27/13 04:26 AM
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 … (0 comments)
sarasota real estate market: Even The Birds Are Talking About Sarasota's October Real Estate Sales!
- 11/29/13 05:53 AM
Even The Birds Are Talking About Sarasota's October Real Estate Sales! Sales moderated somewhat in October in the Sarasota Real Estate Market with a total of 818 properties changing hands. Of those, 582 were single family homes and 236 were condos. More good news for sellers, the median sales price for a single family home rose to $185,776 compared to $166,500 the same time last year, a 11.6 percent increase. The median price for a condo rose to $175,000 compared to $145,000 last year, a 20.7 percent increase. "There was definitely a shift in October toward single family and away from … (4 comments)
sarasota real estate market: Sarasota Real Estate Market Remains HOT In September.
- 10/21/13 05:48 AM
Sarasota Real Estate Market Remains HOT In September. There were 817 sales in Sarasota County for the month of September. Of those, 545 were single family homes and 272 were condos. This represents a 22.5 percent increase over September of 2012. However, it also represents a decline of 14.6 percent from August 2013. The fourth quarter of 2012 in the Sarasota Real Estate Market saw a considerable amount of pending sales, and the same appears to be holding true this year with pending sales for September 2013 at 750. Historically, the fourth quarter in the Sarasota Real Estate Market sees a decline in the number … (3 comments)
sarasota real estate market: Sarasota Real Estate Market Continued To Roar In July, Sarasota, FL
- 08/21/13 05:33 AM
Sarasota Real Estate Market Continued To Roar In July, Sarasota, FL. Home sales continued their "hot" streak in the Sarasota Real Estate Market for the month of July with a total of 911 properties sold. This represents a 30.3 percent increase over July 2012 and a 3.2 percent increase over June 2013. At the current pace this year still looks to be one of the biggest years in real estate in the 90 year history of the Sarasota Association of Realtors. Median prices continue to climb and have increased 16 percent over the same time last year. If this trend continues … (2 comments)
sarasota real estate market: Sarasota Real Estate Market Shows Strong Summer Sales In June
- 07/26/13 06:25 AM
Sarasota Real Estate Market Shows Strong Summer Sales In June. Although not a record month, real estate sales in Sarasota remained high during the historically slower summer month of June with 883 total properties sold. Of those sales were 642 single family homes and 241 condos. Sales in the Sarasota Real Estate Market have increased 13.8 percent over last year. If this trend continues 2013 will be the second highest sales year in the 90-year history of the Sarasota Association of Realtors. Pending sales in the Sarasota Real Estate Market at the end of June were 1,024, the sixth month in … (2 comments)
sarasota real estate market: Sarasota Real Estate Market Update - It Just Keeps Getting Better!
- 04/22/13 05:52 AM
Sarasota Real Estate Market Update - It Just Keeps Getting Better! Real estate sales in the Sarasota Area continued their hot streak in March with 887 properties changing hands. This was the biggest selling month for the Sarasota Real Estate Market since August of 2005! For the record there were 628 single family homes and 259 condos sold in the Sarasota Real Estate Market. In addition, the median sales prices for single family homes rose to $210,000 and the median condo sales price was $182,000. Pending sales in the Sarasota Real Estate Market increased to 1,221; not only the highest … (2 comments)
sarasota real estate market: Sarasota Real Estate Market Continues To Soar In February!
- 03/21/13 06:16 AM
Sarasota Real Estate Market Continues To Soar In February! Sales continued to climb in the Sarasota Real Estate Market in February rising 24 percent over last year! January's sales were 22 percent over the previous year. If this trend continues 2013 will be a record breaking year for the Sarasota Real Estate Market. A total of 733 properties were sold in February in the Sarasota Real Estate Market. Of these sales, 504 were single family homes and 229 were condos. Pending sales (homes currently under contract to close) rose to 1,138 in February versus 1,047 in January indicating future months of … (2 comments)
sarasota real estate market: Sarasota, FL Sales Increase 24% Year Over Year!!!!!
- 11/26/12 04:21 AM
Sarasota, FL Sales Increase 24% Year Over Year!!!!! After experiencing some of the most depressing sales activity in over 80 years the Sarasota real estate market has rebounded at last. October 2012 sales are 24% higher than a year ago. A total of 719 properties changed hands in October, a very strong 24% increase over last October's sales of 577. October's sales figures were also 10.9% higher that September's! The breakdown of October's sales include 516 single family homes and 193 condos. Typically the September/October market tends to slow down, but this year's remained very active after a very strong summer season. … (0 comments)
sarasota real estate market: It's Too Darn Hot! Sarasota Real Estate Update For September 2012
- 10/18/12 05:01 AM
It's Too Darn Hot! Sarasota Real Estate Update For September 2012. The Sarasota real estate market made a strong showing in September, yet sales did decline 21% from August. However, they were 14% ahead of last September's indicating a continued solid and healthy market. There were a total of 648 properties sold in September in the Sarasota real estate market. Of those sales there were 430 single family homes and 148 condos sold. After a very strong summer selling season the slowdown in September was expected and is typical for the time of year. However, it is much better than anyone … (4 comments)
sarasota real estate market: The Sarasota Real Estate Market Is Hot, Hot, Hot!!!
- 06/20/12 05:40 AM
The Sarasota Real Estate Market Is Hot, Hot, Hot!!! The Sarasota real estate market finished the month of May with another hot month of sales. There were 854 closed transactions, which is the second highest month since September 2005. Of the 854 closed transactions for the month of May, 591 were single family homes and 263 were condominiums. Sales for May of 2012 were 7.2 percent higher than the same month last year. Pending sales (homes under contract, but not closed) remained high at 1,075, the fourth month in a row over 1,000! "I've spoken to many agents who are having … (2 comments)
sarasota real estate market: Sarasota Sales Are Supercalifragilisticexpialidocious In April 2012!
- 05/29/12 05:14 AM
Sarasota Sales Are Supercalifragilisticexpedialidocious In April 2012! At this point in time it seems that the Sarasota real estate market is unstoppable. Sales for April 2012 reached another seven year high with 886 closed transactions. This represents the highest number of sales in a one month period since August of 2005. Of the total closed transactions of 886, there were 589 single family homes sold and 297 condo sales. Pending sales (properties under contract but not yet closed) continued to remain high at 1,058 This is the third straight month that pending sales have exceeded 1,000. "We've had an incredible string … (0 comments)
sarasota real estate market: Sarasota Home Sales Soar In 2011!
- 01/13/12 04:44 AM
Sarasota Home Sales Soar In 2011! Residential sales for 2011 in Sarasota finished the year with an 8.2 percent increase over the previous year, totaling 8,224 sales. This represents the highest number of sales in the Sarasota real estate market since 2005 during the height of the real estate boom. The increase in sales as well as the stabilization in pricing shows the continuing growth of Sarasota as a destination, not just for a visit, but for a lifetime. The dramatic increase in sales for 2011 represents an impressive increase of 44 percent over the number of sales in 2008, the depths of the … (2 comments)
sarasota real estate market: Why Buy Now? Historically Low Mortgage Rates Predicted To Go UP!
- 01/04/12 08:47 AM
Why Buy Now? Historically Low Mortgage Rates Predicted To Go UP! While the 30-year fixed rate mortgage has been holding at record lows of 4 percent for weeks now, according to an article in the Los Angeles Times economic experts are predicting they will begin to rise this year. The Federal Reserve has promised to keep rates low through 2013 so the current mortgage rate will probably be around for the short term. However, many experts do not think the 30-year fixed rate mortgage will remain at the currently low levels. Freddie Mac economists are predicting the the 30-year fixed rate … (0 comments)
sarasota real estate market: Population Growth In Florida On The Move And Sales Are Up!
- 12/22/11 07:41 AM
Population Growth In Florida On The Move And Sales Are Up! Two separate articles in today's Sarasota Herald-Tribune bode well for the Sarasota real estate market. Most of the sales in Sarasota have been in the under $450,000 range. In that market there is only a 6.1 month supply of homes, leading to multiple offers in many instances. Sales in November were up 17% from a year ago. In addition the median sales price increased 11% from October 2011 to $152,000. Inventories are expected to increase as banks place more foreclosures on the market, but right now that inventory is desperately needed … (0 comments)
sarasota real estate market: Cash Sales In Sarasota Market At 60%! Is This The New Normal As Well?
- 12/21/11 07:40 AM
Cash Sales In Sarasota Market At 60%! Is This The New Normal As Well? We keep reading articles on the current economy as the "new normal". Is it? Cash purchases of real estate used to be the exception. In my 27 years in the industry, historically cash sales made up 5% to !0% of all real estate sales. I moved to the Sarasota area this year after spending the previous 26 years as a full time Realtor in the Celebration/Windermere/Dr. Phillips Area. In my last year in the Orlando area my personal real estate closings were 90% cash. Good for me, … (2 comments)
Real estate market data for Sarasota, FL provided by Keith Kropp of J Wood Realty.
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