The number of available properties in the Sarasota real estate market dropped to a six-year low in February 2011, and sales were up 24.2 percent from the previous month. Median sales prices for both single and condominiums dropped as bargain hunters continued to grab foreclosures and short sales, which represented almost 47 percent of all [ Read More ]
Pending sales in the Sarasota real estate market experienced a major climb in January 2011, from 789 in December 2010 to 1,013 last month for a 28 percent increase. This statistic is a strong indicator for the next two or three months of sales, as pending sales reflect current buyer activity. It was the first [ Read More ]
“2010 ended with a resurgent local real estate market, and the higher number of pending sales tells me we could see continued strength in early 2011.” – SAR President Michael Bruno” The Sarasota real estate market saw a big surge in December sales, from 534 in November to 681 last month for a 27.8 percent increase. In addition, [ Read More ]
November 2010 saw resurgence in the Sarasota real estate market, with more sales and higher median sale prices indicating a healthy seasonal boost. There were 534 total sales reported last month, compared to 487 in October 2010 and 553 in November 2009. The median sale price for single family homes rose to $160,100, from last [ Read More ]
Pending sales spiked by 10 percent in October 2010 in the Sarasota real estate market, signaling more closings in future months as the season begins in southwest Florida. There were 819 total pending sales reported last month, compared to 744 in September 2010 and 839 in October 2009. Pending sales reflect future closing activity and [ Read More ]
(SRMag Nov 2010) – September 2010 looked a lot like August 2010 in the Sarasota real estate market, with sales and prices virtually identical to the previous month. In fact, September 2010 was also virtually identical to September 2009 in overall sales and median prices. Property sales in September 2010 stood at 547 total sales, [ Read More ]
The Sarasota real estate market rebounded in August 2010 after an expected slower July, following the expiration of the federal $8,000 homebuyer incentive. Sales were up 8 percent over July 2010, and up 14.3 percent over August 2009. Property sales in August 2010 stood at 567 total sales. This compared to 525 sales in July [ Read More ]
Luxury market strengthens in Sarasota Florida Sarasota FL August 30, 2010 — Gloomy news that July sales of existing homes dropped 25.5% year-over-year has overshadowed new statistics showing summer sales of million dollar plus homes significantly outperformed other price ranges. “Luxury homebuyers have been buying this summer,” said Laurie Moore-Moore, CEO of The Institute for [ Read More ]
Sarasota real estate market returns to pre-tax credit numbers As expected, property sales in the Sarasota real estate market in July 2010 slowed to pre-tax credit numbers following the expiration of the federal $8,000 homebuyer incentive. Property sales in July 2010 stood at 525 total sales, declining 47.8 percent from the June 2010 figure of [ Read More ]
For Sale: 7,312 Properties @ $249,900 Median Price Under Contract: 752 Properties @ $124,400 Median Price Sold: 794 Properties @ $137,750 Median Price Compared to June last year, property sales are now up 18.15% and the median price is down 6.93%. On the other hand, the number of new listings increased by 8% and the [ Read More ]
