Homes For Sale Silver Oak Palmer Ranch Sarasota Florida Market Update
There are 7 homes for sale in Silver Oak on Palmer Ranch as of January 5, 2014. The average list price is $997,571, the minimum list price is $699,000 and the maximum list price is $1,290,000. The average list price per square foot is $235, the minimum list price is $195 per square foot and the maximum list price is $273 per square foot. These homes have been on the market an average of 60 days.
There are 7 homes pending sale in the Silver Oak for the same period. The average list price is $748,257, the minimum list price is $475,000 and the maximum list price is $999,900. The average list price per square foot is $216, the minimum list price is $168 per square foot and the maximum list price is $248 per square foot. These homes have been on the market an average of 77 days.
There have been 3 homes sold in Silver Oak in the last 90 days. The average list price for homes sold during this period was $912,133, the minimum list price was $799,000, and the maximum list price was $1,037,500. The average sold price was $874,833, the minimum sold price was $754,500 and the maximum sold price was $995,000. The average sold price per square foot was $225, the minimum sold price was $196 per square foot and the maximum sold price was $256 per square foot. The average list price to sold price ratio was 95.91%. The average days on market was 40.
With just 3 homes selling in the last three months, or 1 home per month, with 7 homes currently on the market there are 7 months inventory of homes for sale in Silver Oak. Industry experts suggest that 6 months of inventory is where the market is balanced. More than 6 months, it's a buyer's market and less than 6 months, it's a seller's market. This would suggest that market conditions in Silver Oak slightly favors buyers over sellers.
You can find a community profile for Silver Oak on my website with links to homes for sale and more information. You will also find more information about this community. You will also find links to charts that track four leading real estate market indicators including pending sales, average sales price, average days on market, and average sold price to original list price. Real estate information like this can help you make the market trends your friends so that you never overpay for your next home or offer too little and miss an opportunity.
Real Estate Market Trends In The 34238 Zip Code
The gauges below reflect current market conditions in the 34238 zip code in Sarasota Florida. Because the gauges are updated automatically, they may show more current information than the point-in-time information contained in this real estate market report. The needles on the gauges point to this month's metric and the dials start at the five year low and stop at the five year high. Where the dials change color, that marks the average over the five year period.
Find Homes for Sale in Silver Oak in Sarasota Florida
Buyers can find homes for sale in Silver Oak offered at excellent prices. While it is true that many homes in this community are often expensive, there is an good selection of homes for sale. Do you need help buying or selling a home in Silver Oak? If so, email me or call me at 941-870-4141. Are you wondering what your Silver Oak on Palmer Ranch home is worth? Request a real estate market no obligation market analysis. Just looking? Then visit executive homes for sale in Silver Oak on Palmer Ranch.
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