Sarasota Real Estate Information - Sarasota Real Estate Reports

Sarasota Real Estate Market Report: December 2013

Single Family Home Prices Up 20.6 Percent Over This Time Last Year

The following report is from the Sarasota Association of Realtors as published on December 19, 2013.

MEDIAN SALES PRICES
Median sale prices for single family homes sold in Sarasota County in November 2013 were up 20.6 percent over last November, a clear sign that recent price appreciation in the single family home market is continuing unabated.

Single family home prices were at $187,000 this November compared to only $155,000 last November. The median sale price for single family for the 12 month period ending Nov. 30, 2013 was $181,700, up 23 percent over last year at this time ($147,000). Comparing November to October, prices were up slightly for single family from $185,776 last…

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Sarasota Real Estate Market Report: September 2013

September 2013 Sales Up 22.5 Percent Over Last 1.6 Last Year

The following report is from the Sarasota Association of Realtors as published on October 22, 2013.

Property sales in September 2013 in Sarasota County hit 817 (545 single family homes, 272 condos), 22.5 percent higher than in September 2012. However, the total sales figure was down 14.6 percent from August 2013, when 957 sales were closed, mirroring a similar late summer drop last September.

PENDING SALES
Last year, the fourth quarter saw stronger sales than typical for the fall months, and strong pending sales point to a similar pattern this year. Overall, September pending sales (properties that went under contract during the month) were at 750 – close to the September 2012…

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Sarasota Real Estate Market Report: August 2013

August Sales Up 11.6 Percent Over Last Year
Single Family Home Median Price Up 30 Percent

The following report is from the Sarasota Association of Realtors as published on September 24, 2013.

SALES
The August 2013 property sales in Sarasota County stood at 957, a dozen sales less than
recorded in July 2013, but 11.6 percent higher than in August 2012. In addition, the median sale price for single family homes in the county rose to $195,000, 30 percent higher than last August’s figure of $150,000, and higher than July’s figure of $189,900. Condo prices were at $161,000, slightly higher than July’s figure of $159,000 and 7.1 percent higher than last August’s figure of $148,889.

MEDIAN PRICES
Monthly median prices are susceptible to swings based on sales…

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Sarasota Real Estate Market Report: June 2013

June 2013 Inventory Drops to New Record Low

The following report is from the Sarasota Association of Realtors as published on July 15, 2013. 

The inventory of available homes in the Sarasota market fell to only 3,114 in June 2013 – the lowest level in longer than a decade, and an 18 percent drop from last year at this time. Declining inventory generally results in greater competition for available homes and condos and subsequent price escalation.

SALES
Members of the Sarasota Association of Realtors® sold 883 properties in June 2013, a drop from the May 2013 figure of 1,020 which represented an eight-year high, but up 2 percent over June of last year.

The Sarasota real estate market tallied 642 single family homes and 241 condominiums in June 2013,…

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Sarasota Real Estate Market Report: May 2013

May 2013 Sales Hit New 8-Year High

The following report is from the Sarasota Association of Realtors as published on June 20, 2013.

Members of the Sarasota Association of Realtors® sold 1,020 properties in May 2013, the second consecutive month that sales have hit four figures since June 2005. In many respects, April and May were statistical mirror images of each other in terms of total sales, pending sales, steadily increasing median sales prices and declining inventory. There have now been only 11 months in SAR’s 90-year history that sales have topped 1,000, with the other nine occurring in 2004 and 2005.

SALES
The spring sales surge in the Sarasota real estate market hit 737 single family homes and 283 condominiums in May 2013. That compared to…

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The Housing Market is Back and Everyone is Agreeing

The Housing Market is Back and Everyone is Agreeing

Read what the major publications are writing.

US News and World Report  December 19, 2012

“Rising home prices should motivate would-be sellers to put their homes on the market and it also stimulates new construction, both of which will expand inventory, boost sales, and give house hunters more to choose from.”

CNN Money Magazine  April 8, 2013

“Inventory is tight, and bidding wars are back in some parts of the country.  To snag your dream home, you’ll have to pay up and contend with continuing strict loan requirements.  The bright side: Despite rising prices and mortgage rates that are edging upward, buying a home is still cheaper than renting in the majority of the top 100 markets.”

…

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5 Reasons you should consider selling your home now

The following information is from Keeping Current Matters by Steve Harney, a  leading Real Estate Consultant.

5  Reasons You Should Consider Selling Your Home Now

Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace.  You and your family will not be bothered and inconvenienced by mere ‘lookers’.

There Is Far Less Competition
Housing supply always shrinks dramatically at this time of year. This year will be a little different as some of the distressed properties being liquidated by the banks (in the form of foreclosures & short sales) will enter the market.  However, for those buyers looking for a non-distressed property, the choices will be limited. Don’t wait…

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Sarasota Real Estate Market Report: February 2013

Sarasota Real Estate Market continues 2013 surge;

February Sales up 24 percent over last year

The following Information and Statistics are from the Sarasota Association of Realtors monthly report published March 15, 2013.

The Sarasota real estate market saw sales leap by 24 percent in February 2013, compared to February 2012. This follows January’s 22 percent increase, and if the rest of the year continues to reflect 20 percent monthly sales increases, 2013 could be one for the record books.

SALES
Members of the Sarasota Association of Realtors® sold 733 properties in February, compared to only 591 sales last February, and 626 closings last month. The breakdown was 504 single family homes and 229 condominiums. That compared to 414 single family…

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Sarasota Real Estate Market Report: December 2012 Closed Business

Sales in 2012 are Fourth Highest in SAR History

The following is the latest report from the Sarasota Association of Realtors dated January 17, 2013.

Property sales for the year 2012 were the fourth highest in the 90-year history of the Sarasota Association of Realtors®, achieving 9,169 total sales.

In 2003, sales in our market hit 9,697, followed by 11,267 in 2004 (the current all-time high) and 10,562 in 2005. The annual sales dropped to 6,358 in 2006 and bottomed out at 5,820 in 2008 before beginning the steady climb to the current level.
 
 SALES
Sarasota Association or Realtors members sold 828 properties in December 2012, representing an 8.3 percent increase from November's 764 sales and a huge 28 percent increase over last December's figure…

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Sarasota Real Estate Market Report: November 2012 Closed Business

Sarasota Market Nearing 4th Best Year Ever

The following is the Sarasota Real Estate Market Report for closed busines in November of 2012.  The following statistics and charts come from the Sarasota Association of Realtors report that was published for the public on December 16, 2012.

The Sarasota Association of Realtors® is on pace to see the fourth highest number of annual sales in SAR’s 90-year history in 2012, after members sold 764 properties in November 2012, a robust 29 percent increase over last November’s figure of 602 total sales. The sales total was also 8 percent higher than in October, when 719 properties changed hands.

SALES
The category totals were 556 single family homes and 208 condos sold, compared to last November when only 435…

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