The Sarasota Association of Realtors just released stats for April 2011. The Sarasota real estate market saw 759 property sales close in April 2011, continuing a strong improvement that reached 800 sales in March. These sales pushed the market to the highest sales levels since the fall of 2005. In April 2011, prices maintained their highest levels of the year for single family homes and condos. Current real estate inventory dropped considerably.
Michael Bruno, SAR President said "We are glad to see the continuing strength of the market in 2011. Bruno also reported "It's especially encouraging to note that condominium median price hit $185,500 for April, despite about a third of the sales as distressed properties. The normal arm's length median sales price hit $272,000 for condos, which means buyers definitely see added value in these non-distressed properties."
You can read the entire SAR Sarasota FL real estate press release on the Board's site or email us for the link. The report is in PDF format, plus six pages of statistical charts.
If you are interested in purchasing Sarasota homes for sale, contact the John Allen Team at 941-544-6467 for an experienced Realtor. Our agents specialize in luxury real estate in Sarasota, Casey Key, Siesta Key, Lido Key and Longboat Key.