Sarasota Real Estate Information - Sarasota Real Estate Reports

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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Sarasota Real Estate Market Report: January 2016

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on February 23, 2016 for closed January 2016 business.

Home Prices Continue to Rise During Seasonal Sales Dip

SARASOTA, Fla. (February 23, 2016) – The end of 2015 witnessed record-breaking sales for both Sarasota and Manatee counties. January sales reflected the expected seasonal dip as a result of reduced buying activity during the holidays, even as median prices continued to rise. 

“Our slice of paradise is catching its breath a bit after our very busy fourth quarter,” said Linda Formella, RASM President, “and while sales are slowing down slightly, we are confident that our real estate community…

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Sarasota Real Estate Market Report: December 2015

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on January 22, 2016 for closed December 2015 business.

Ringing in the New Year with Record-Breaking Sales

The year 2015 was one for the record books in real estate sales for both Sarasota and Manatee counties, closing out the year with an all-time record of 20,691 in combined closed transactions, 1,302 sales above last year’s numbers.

“These truly are exciting times for the real estate community, and reflects the hard work and dedication of our Realtor® members,” said Linda Formella, 2016 RASM President. “Our industry has been steadily and soundly rebuilding and I am so proud of our professional…

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Sarasota Real Estate Market Report: November 2015

The following report, information, and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on December 22, 2015 for closed November business.

Sarasota/Manatee Markets Poised to Break All-Time Record in 2015

The Realtor® Association of Sarasota and Manatee is on pace to record the highest number of sales in
its 100‐year history.  In 2014, a total of 19,389 properties were sold in Sarasota and Manatee Counties. 
With 19,020 sales recorded in the first eleven months of 2015, only 370 property sales are needed in
December to break the record.  Sales have exceeded 1,000 every month this year, so it seems assured
that 2015 will be a historic year for real estate sales.  

SALES
…

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