Sarasota Real Estate Information - Sarasota Real Estate Reports

Sarasota Real Estate Market Report: April 2014

The following report is from the Sarasota Association of REALTORS as published on May 27,2014 for closed April Business.

April 2014 has Second Highest Number of Property Sales in Sarasota County History

Sarasota County saw the second highest level of sales in its history in April 2014 – a total of 
1,195 closed transactions recorded in the My Florida Regional MLS system. That figure was 
topped only by the 1,223 sales reported a decade ago, in April 2004, just preceding the real estate 
boom that saw rapid price escalation. 

The other months close to that figure were in the spring and early summer months of 2004 and
2005, and in March, April and May of last year. In April 2014, 759 single family home sales
closed, and 436 condo sales were…

1968 Views, 0 Comments

Sarasota Real Estate Market Report: February 2014

The following report is from the Sarasota Association of REALTORS as published on March 20,2014 for closed February Business.

Sarasota February Market Sales Maintain Steady Pace

Property sales in Sarasota County for February 2014 maintained a very steady pace, and median sale prices for single family homes and condos also reflected market stability and integrity. Single family prices have been remarkably even for the past 12 months, while condo prices have seen somewhat more volatility.

February 2014 closed sales of 787 were down slightly (2.4 percent) from last February, when they were at 807, but up slightly from January 2014 (767).

DISTRESSED PROPERTY SALES DECREASING
The other notable market statistic was the recent marked decrease in…

1998 Views, 0 Comments

Sarasota Real Estate Market Report: January 2014

2014 Begins with Sarasota County Market Heating UP

The following report is from the Sarasota Association of REALTORS as published on January 20, 2014

NEW LISTINGS UP
New listings in Sarasota County were up substantially in January 2014, sending the total inventory to a 32-month high level, up 10.6 percent from December 2013 and yet another sign of a market in a strong recovery period.  In a recovering market, new listings and the overall inventory generally rise as sellers raise their estimation of a property’s value, but the increase normally occurs only after the market has turned up. Inventory levels are now 30 percent above the recent low in July 2013, only six months ago.

PRICES
In addition, the Sarasota County market continues to witness…

1955 Views, 0 Comments

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…

1545 Views, 0 Comments

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…

2075 Views, 0 Comments

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…

1848 Views, 0 Comments

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,…

1605 Views, 0 Comments

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…

1717 Views, 0 Comments

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.”

…

2024 Views, 0 Comments

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…

1628 Views, 0 Comments