Sarasota Real Estate Information - Sarasota Real Estate Reports

Sarasota Real Estate Market Report: November 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on December 21, 2016 for closed November 2016 business.

Healthy Market Ready for Seasonal Sales

Total closed sales are up by 8.7 percent from November 2015 for single family homes and condos in Sarasota and Manatee counties. Single family homes showed the most improvement from last year, with a 10.5 percent increase in the two-county area, while condos also increased by 4.5 percent.

INVENTORY INCREASES

Inventory also showed improvement from November of 2015, with a combined 12.6 percent increase in the two-county area. Single family home inventory in Sarasota increased by 10 percent, while Manatee…

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Sarasota Real Estate Market Report: October 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on November 22, 2016 for closed October 2016 business.

Market Preparing for Season

The inventory of properties for sale in the two-county area is up by 17.5 percent from last year, and also shows an increase of 3.1 percent from last month, reversing the downward trend that started earlier this year.

INVENTORY INCREASES
Year over year, single family home inventory in Sarasota increased by 15.7 percent, while Manatee experienced an 11.3 percent increase. Sarasota condo inventory increased by 35.8 percent and Manatee County increased by 11.4 percent.

“We saw more properties listed in October, especially…

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Sarasota Real Estate Market Report: September 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on October 20, 2016 for closed September 2016 business.

Sales and Prices Up, Inventory Remains Tight

Total closed sales in September in the two-county area are up 2.6 percent over September of last year, with single family sales up 3.8 percent, and condo sales down just under 1 percent. Single family home sales in Manatee County posted a 13.8 percent increase, while condo sales in Sarasota County were up 3.3 percent over last year. Sales were down year over year by 3 percent for Sarasota County single family and down 6.2 percent for Manatee County condos.

While inventory in the two counties is up 19.8…

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Sarasota Real Estate Market Report: August 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on September 22, 2016 for closed August 2016 business.

Fewer Distressed Sales Indicate a Healthier Market

Sales of distressed properties in the two-county area continued to decline in August, down 53.9 percent from the same month last year. Distressed sales in August comprised only 5.8 percent of total sales compared to 12.8 percent last August.  Closed sales of single family homes and condos combined are up only slightly, 1.8 percent ahead of last August. But a closer look at traditional sales (non-distressed properties) reveals a 9.9 percent increase over the same month last year.

“This is an…

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Sarasota Real Estate Market Report: July 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on August 24, 2016 for closed July 2016 business.

Hesitant Sellers Leave Buyers with Fewer Choices

Median sale prices for condos and single family homes continue to increase in both Sarasota and Manatee County. Sarasota County single family homes are up 10.5 percent from 2015 to $242,500, while Manatee County experienced an 11.7 percent jump from 2015 to $279,250.  Year over year, condo median sales prices rose 7.9 percent from 2015 to $205,000 in Sarasota and 21.9 percent to $185,250 in Manatee.

“While we continue to see a climb in median sales prices in both counties, I believe we will see this trend
…

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Sarasota Real Estate Market Report: June 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on July 21, 2016 for closed June 2016 business.

Median Prices Continue to Rise

Median sale prices are on the rise for condos and single family homes in both counties.

Single family median sales prices are up 7.8 percent in Sarasota County to $248,000, while Manatee County experienced a 12.4 percent jump to $285,000. The Sarasota County condo median sale price rose 4.3 percent to $219,000, and Manatee County also saw an increase of 11.6 percent in condo sales price over last year, to $173,000.

“The rise in median prices reflects the continued popularity of the area and the impact of our current low…

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Sarasota Real Estate Market Report: May 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on June 20, 2016 for closed May 2016 business.

Inventory and Median Sales Price Remain High

The housing data for May reveals that inventory numbers are rising 
along with the mercury for the Sarasota and Manatee two-county area, likely the result of sellers taking advantage of rising prices. For single family homes in Sarasota County, inventory is up 15.3 percent from May last year, and up 20.2 percent in Manatee County. Condo inventory is also on the rise in Sarasota County, up 33 percent, while Manatee County experienced a 17.4 percent increase year-overyear. 

DISTRESSED PROPERTY SALES DECLINE
The…

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Sarasota Real Estate Market Report: April 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on May 20, 2016 for closed April 2016 business.

Inventory and Median Sales Prices Continue to Climb

April’s housing statistics show that our current trend is continuing as inventory of available properties rose in both counties.

For single family homes in Sarasota County, inventory is up 8 percent from April last year, and up 14.2 percent in Manatee County from last year.

Condo inventory is also on the rise in Sarasota County, up 25.5 percent from last year, while Manatee County experienced a 19.8 percent increase year-over-year.

INVENTORY LEVELS
The months’ supply of inventory in the…

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Sarasota Real Estate Market Report: March 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on April 20, 2016 for closed March 2016 business.

Inventory on the Rise

Inventory of available properties is on the rise in both counties. For single family homes in Sarasota County, inventory is up 5.6 percent from March last year, and up 5.6 percent in Manatee County. Condo inventory is likewise up in both counties, with Sarasota County up 22.1 percent, while Manatee County saw an increase of 21.5 percent year-over-year.

The months’ supply of inventory in the two-county area remains in the range from 4.7 to 5.4 months’ inventory this year, compared to 4.5 to 4.8 months last year. This statistic…

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Sarasota Real Estate Market Report: February 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on March 21, 2016 for closed February 2016 business.

Sales Fluctuate While Home Prices Continue to Rise 

SARASOTA, Fla. (March 21, 2016) - The beginning of 2016 has seen some fluctuations in total sales and home prices as the housing market steadies itself after a record-breaking 2015. Even with a dip in sales, median home prices remain strong and the market appears solid.

SALES
For the month of February, total sales in Sarasota County were down 6.4 percent with a 13.2 percent dip in single family sales offset by a 9.6 percent increase in condo sales.

Similarly, in Manatee County, total sales…

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