Sarasota-Bradenton Condo Sales up 120%!

By
Real Estate Agent with Exit Realty Gulf Coast

WE NEEDED THE RAIN HERE IN VENICE, FLORIDA

 

Today the local paper published the results from the Florida Association of Realtors that in the month of October condo sales were up 120% from the 2008.

In October, there were 249 condos sold. This was way up from October of 2008 when only 113 condos were sold. This huge increase was probably caused by the $8,000 tax credit that buyers expected would end at the end of November. Although condo sales were high in Sarasota-Bradenton Market, other parts of the state of Florida saw a huge increase as well:

Orlando- 322% increase in volume

Fort Myers- Cape Coral- 143% increase in volume

Daytona Beach- 106% increase in volume

Jacksonville- 102% increase in volume

Tampa- St. Petersburg-Clearwater- 100% increase in volume

Fort Walton Beach- 100% increase in volume

Overall the state of Florida had 5,398 units change hands last month. This is up 83% from 2,958 in October of 2008. The median sales price was down 29% from last October and was $105,200. With prices that low it is more affordable than ever for first time home buyers! In some cases they would end up paying more in rent than own.

With the extended tax credit it makes me hopeful we will see a huge increase in both home and condo sales into next year.

 

STEVE FORBES

EXIT REALTY GULF COAST

1000 TAMIAMI TRAIL

VENICE, FLORIDA

34285

steveforbes456@aol.com

www.steveforbessellsflorida.com

www.steveforbes.mfr.mlxchange.com

 

 

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