Sarasota Real Estate Information - Sarasota Real Estate Market Reports

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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Sarasota Real Estate Market Report: October 2012 Closed Business

October 2012 Sales Jump 24 Percent over Last Year

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

Members of the Sarasota Association of Realtors® sold 719 properties in October 2012, a robust 24 percent increase over last October’s figure of 577 total sales. The sales total was also 10.9 percent higher than in September, when 648 properties changed hands.

SALES
The category totals were 516 single family homes and 193 condos sold, compared to last October when only 412 single family and 165 condos were sold. Over the last several years, the local real estate…

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Sarasota Real Estate Market Report: September 2012 Closed Business

Sarasota Market Cools, Slightly in September over August but... still Higher than Last Year.

The following information, charts and statistical analysis was reported from the Sarasota Association of Realtors on October 17, 2012.

Members of the Sarasota Association of Realtors® sold 648 properties in September 2012, up almost 14 percent from last September, when only 570 transactions were closed. The figure was down almost 21 percent from the 819 sales in August 2012, continuing the historic trends that normally show a sales lull in the early autumn.
 
SALES
The category totals were 500 single family homes and 148 condos sold, compared to last September when only 430 single family and 140 condos were sold. This summer was an exceptional one for local…

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Sarasota Real Estate Inventory and Prices June 2011

The Sarasota Real Estate market continues to climb with a lower inventory of homes for sale and an uptick in the median prices.  As the news of the housing industry nationally can be grime and depressing, the Sarasota Real Estate Market is seeing a declining of the number of homes and condos for sale.  Inventory levels have shown a steady decline in the past 6 months to below what is considered a normal market. 

A normal real estate market is considered when the number of homes for sale and the rate of homes being purchased is at a 6 month level.  This is also referred to as the absorption rate.  The current inventory for single family homes in the Sarasota Real Estate Market is at a 5.9 month absorption rate.  Typically when the demand for houses is…

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