Sarasota Real Estate Information - Sarasota Real Estate Market Reports

Sarasota Real Estate Market Report: May 2015

The following report is from the Realtor Association of Sarasota/Manatee as published June 24, 2015 for closed May 2015 business.

May 2015 Sales Continue Record Pace

The residential real estate market in May 2015 in both Sarasota and Manatee counties continued to produce near-record sales, pointing toward another potential record-breaking year in 2015.

SALES
Overall sales in Sarasota County hit 1,182, only 42 sales below last month's all-time monthly record, while Manatee County saw total sales of 827, higher than April's figure of 813 and last year's May total of 752.
 
Sales levels in both Sarasota and Manatee counties have been at historically high levels for several months, and median sale prices have also been trending upwards.

MEDIAN SALES…

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Sarasota Real Estate Market Report: April 2015

The following report is from the Realtor Association of Sarasota/Manatee as published May 22, 2015 for closed April 2015 business.

April 2015 Sales Hit All-Time High

Sales levels in both Sarasota and Manatee counties have been bubbling at the top of historically high levels for several months. In March, overall Sarasota County sales were just below the all time high, while Manatee County sales were also much higher than the traditional volume seen in recent years. In April, the record in Sarasota was finally exceeded, while in Manatee, sales remained at near the highest level in history. At the current pace, both counties will exceed their all-time annual highs in 2015.

SALES
Property sales in April 2015 in Sarasota County totaled 1,224 sales…

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Sarasota Real Estate Market Report: March 2015

The following report is from the Realtor Association of Sarasota/Manatee as published April 22, 2015 for closed March Business.

Property Sales Remain High in March 2015

The year 2015 was already churning along at a record-setting pace, but March 2015 sales in both Sarasota and Manatee counties reached even greater levels. The number of closed property transactions increased in Sarasota County in March 2015 by 14.3 percent from last March (to 1,201 from 1,050) and 43.5 percent over last month, when 837 closings were reported. Manatee County saw a 20.1 percent increase from last March (to 800 from 666), and was up 34.9 percent from February, which had 593 closings.

SALES
In March 2015, closed sales in Sarasota County totaled 789 single family homes…

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Sarasota Real Estate Market Report: February 2015

The following report is from the Realtor Association of Sarasota/Manatee as published March 25, 2015 for closed February Business.

Pace of Sales Quickens During February 2015

The number of closed property transactions increased in February 2015 across both Manatee and Sarasota counties, and pending sales also remained at a high level, a harbinger for a busy spring real estate sales forecast. Median sale prices were also up substantially, particularly in Manatee County, a sign that the market is favoring sellers as 2015 begins.

“Once the holidays have passed, home shoppers jumped off the fence and started signing
contracts,” said Association President Stafford Starcher. “We are now above the record pace of sales experienced in 2014, and the pending…

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Sarasota Real Estate Market Report: January 2015

The following report is from the Realtor Association of Sarasota and Manatee as published on February 25, 2015 for closed January business.

2015 Begins with Property Sales Moderating

Property sales, pending sales, and inventory levels in January 2015 looked a lot like January 2014 in Sarasota and Manatee counties.  In both years, sales dropped from the previous month (December), while pending sales skyrocketed and inventories of available properties grew substantially.

The message from the numbers was clear – holiday time home shoppers weren’t anxious to sign on the dotted line, instead putting off closings to later in the winter or spring.  And homeowners were eager to test the market and determine how much their property might have recovered in…

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Sarasota Real Estate Market Report: December 2014

The following report is from the Realtor Association of Sarasota and Manatee as published on January 23, 2015 for closed December 2014 business.

2014 Sales Hit Record for Sarasota County

The year 2014 closed with a flurry of sales in Sarasota County, propelling the annual total to an all-time record of 11,550 closed transactions, topping the 2004 total of 11,482. In addition, Manatee County came in at 7,976 sales, within 28 sales of the annual record of 8,004 set in 2013.

“This is truly historic news, and clearly demonstrates our region is experiencing a remarkable success story in real estate,” said Association President Stafford Starcher. “Sarasota and Manatee counties have never seen this level of combined sales activity, which actually…

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Sarasota Real Estate Market Report: November 2014

The following report is from the Sarasota Association of REALTORS as published on December 23, 2014 for closed November 2014 business.

Property Sales Still Closing in on County Record

Despite a slower November sales month, the hot sales pace for the first 11 months of the year keeps Sarasota County on near-record pace for 2014, with the 10,621 closed sales coming in 364 sales ahead of the 2013 total at this time.  With December 2014 sales already topping 500 by midmonth,
the final annual total will almost certainly be the second highest ever recorded in the county.

The overall year 2013 wound up being the second highest year for unit sales in Sarasota County history with 11,184, exceeded only by 2004, with 11,482 closed sales. There is also a small…

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Sarasota Real Estate Market Report: September 2014

The following report is from the Sarasota Association of REALTORS as published on October 21, 2014 for closed September 2014 business.

The Sarasota Real Estate Market Maintaines Hot Sales Pace in September

Sarasota County real estate market remained on pace for near record sales numbers in September 2014, ending the month with 934 closed transactions 14 percent higher than last September when 817 properties changed hands. Sales for the first three-quarters of the year now stand at 8,784, about 200 sales over last year’s pace which wound up as the second highest sales year in the county’s history. A strong closing quarter (sales of 900 per month or higher) could push the final figure near the historic year of 2004, when 11,482 sales were recorded…

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Sarasota Real Estate Market Report: August 2014

The following report is from the Sarasota Association of REALTORS as published on September 26, 2014 for closed August 2014 Business.

Closed Transactions Remain Strong in August 2014

Homes and Condos continued to sell at a brisk pace in Sarasota County in August, once again nearly reaching the 1,000 level with 975 closed transactions. The eight-month total from the start of the year now stands at 7,850, about 100 sales ahead of last year’s near record totals.

SALES
The breakdown for closed sales in August 2014 was 698 single family homes and 277 condos sold, according to figures released by Florida Realtors®. Closings were up 5 percent from last month (July), when they hit 928, and up 1.8 percent from August 2013, when there were 957 closings.

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Sarasota Real Estate Market Report: July 2014

The following report is from the Sarasota Association of REALTORS as published on August 21,2014 for closed July 2014 Business.

Sarasota Real Estate Market Revisits July Cooling Trend

Property sales in Sarasota County almost reached the 1,000 level for the fifth straight month in July 2014, falling just short at 928 closed transactions. In the county’s history, only once has such a five-month hot streak been accomplished – from March through July 2004 – falling just short this year and in the 2005.

SALES
The breakdown for closed sales in July this year was 643 single family homes and 285 condos sold, according to figures released by Florida Realtors®. Closings were off 11.4 percent from last month (June), when they hit 1,048, and down about 4…

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