Homes Sales Stats & Trends for Sarasota & Bradenton FL 
Stay on top of local trends for home sales in Sarasota and surrounding area. This is a great tool when you're getting ready to buy or sell that Florida home.
There are currently 10 blog entries related to this category.
Sarasota Real Estate Still Breaking Records
Wednesday, October 26th, 2011 at 1:53pm. 141 Views, 0 Comments.
While early fall is characteristically a slower season, Sarasota real estate sales are still breaking records and have increased substantially from the same time last year.
The market is holding its own nicely, in preparation for the next busy season, which usually occurs when our sunny climate beckons those in the cold Northern regions.
Property Sales On the Rise:
- Total Single Family Homes Sold: 430 (same time last year: 404)
- Condos Sold: 140 (same time last year: 143)
Available Inventory:
Months of Inventory increased slightly. This wasn't surprising after a huge drop in August.
Sarasota Available Inventory for September 2011:
- Single Family Homes: 6.7 months (same time last year: 9.9)
- Condos: 11.1 (same…
Sarsaota Real Estate Leaning Towards a Seller's Market
Monday, September 26th, 2011 at 10:59am. 561 Views, 0 Comments.
It just keeps getting better and better for the Sarasota real estate market. In August, the decline in available inventory, increase in median price, and increase in sales pointed to a recovering seller's market.
Property Sales Increase:
Still on the rise, property sales: 601 - up from 567 just one year earlier in 2010.
- Total Single Family Homes Sold: 445 (same time last year: 408)
- Condos Sold: 156 (same time last year: 159)
Decline in Available Inventory:
Due to increased consumer demand, the available inventory in Sarasota continues to decrease - now sitting at 4,408. However, this is one number, we like to see go down. This, in turn, has boosted the median price of single family homes and condos to $165,000. Just last…
Sarsaota Housing Market Still Strong
Wednesday, August 17th, 2011 at 9:17am. 4033 Views, 0 Comments.
Although the number of sales were down slightly in July, the smallest quarterly decline in more than four years, the overall big picture indicates that we may continue to have a strong market in terms of pricing heading into the fall. It is expected that availability of homes will drop somewhat as the trend of higher demand vs amount of available properties is expected to continue. We know from past history that this will likely increase prices of available properties.
Home Sales in July 2011
In the month of July, 2011, there were 445 single-family homes and 154 condos sold. This is down from June, 2011, when sales reached 728 (June was one of four months during this year that saw more than 700 units sold). Interestingly, the Sarasota…
Record Breaking Trends for Sarasota Real Estate Market
Thursday, June 23rd, 2011 at 9:54am. 365 Views, 0 Comments.
I'm happy to report that the Sarasota real estate market continues to report an upward trend for May 2011. The huge influx of single family home and condo buyers has brought the market to new levels. Here are some of the highlights:
Total May Sales: 796 - This is the 2nd highest total reported in the last six years.
Median Condo Price: $218,750 - We haven't seen those prices since October 2009.
Median Single Family Home Price : $159,000
Available Inventory: dropped to 5,010 (lowest in 6 years) - To put this in perspective, in April 2007, there were 17,089 properties for sale.
The increased sales rate combined with the lower inventory levels has resulted in an estimated 5.8 months of inventory for single family homes, and 7.4 months for…
The Sun Shines on Sarasota Housing Market
Friday, May 27th, 2011 at 3:30pm. 389 Views, 0 Comments.
When it come to matters of the global economy and the state of the nation's housing market, it seems that the popular media's obsession with feeding us nothing but bad news is still high on the agenda. With each passing day the stories appear to get less encouraging as we continue to be bombarded with stories of doom and gloom concerning the worst hit regions of the country. Positive forecasts, which once implied notable recovery during 2011, have fallen worryingly silent and real estate throughout many areas of the US continues to show slow signs of rebounding. Florida real estate in particular has almost become a byword for the housing crisis.
But behind the sensational headlines, it's not all bad news. Here in Sarasota, for example, we are…
No oil in Sarasota!!! Homes are up again!
Thursday, June 24th, 2010 at 12:48am. 605 Views, 0 Comments.
Sarasota property sales hit their highest levels since 2005! May sales were at 766, the highest number of sales for the year. This number represents a 51.3% increase over May of 2009 and was the highest number of sales in any month since December of 2005. It truly is incredible to think that our area is doing so fantastically well! No surprises though, given the fact that Sarasota is one of the most sought after and beautiful places to live in the country! According to SAR (Sarasota Association of Realtors) President Erick Shumway, “The May 2010 statistics continued to show that the Sarasota real estate market is continuing a steady recovery”.
The home sale numbers for single family homes was 539, and condo sales were at 227. In May of 2009, single…
Is it Time to Buy Sarasota Real Estate?
Thursday, May 13th, 2010 at 10:49am. 290 Views, 0 Comments.
We are currently at 7.3 months of inventory for single family homes in Sarasota! The market is considered to be at equilibrium when it reaches 6 months of inventory. The inventory has reached its lowest level in the Sarasota Real Estate Market since late summer 2005! This is fantastic news for the local real estate market. We are very excited to hear such positive news. The inventory recorded for the previous year, April 2009, was 15.2 months for single family homes. We are at 9.9 months of inventory for condos. This is of course a considerable drop from last April when we were at 19.1 months for condos. April 2010 recorded the highest number of sales in almost five years. We had 757 sales and 1,160 properties went under contract. 529 of those…
Sarasota Real Estate Sales up 56%!
Thursday, April 15th, 2010 at 11:46am. 234 Views, 0 Comments.
The March 2010 report is out! Sarasota real estate sales were up 56% from March 2009! It looks like we are approaching equilibrium in the Sarasota real estate market. The single family home inventory is now at 7.2 months. Last month we were at 10.6 months. This is a drastic drop in one month! 753 property sales were recorded with 1,060 pending sales! Pending sales were up 30% from March 2009. This is very encouraging. The median sales price for Sarasota single family homes increased 13.3% from last month to $170,000. The median sales price for condos increased 24% from last month to $210,000. Foreclosure and short sales dropped to 41% of the overall sales for March 2010. Last month distressed sales recorded were at 47%. I am sure we will…
Sarasota Real Estate Sales up 49%!!!
Saturday, March 13th, 2010 at 9:26am. 409 Views, 1 Comments.
It just keeps getting better and better! Sarasota Real Estate is moving! We are currently at 10.6 months of inventory for single family homes in the Sarasota area. This is a drastic change from the previous year with 24.1 months of inventory for single family homes in February of 2009. We currently have 15.4 months of inventory for Sarasota condos. February of 2009 we had 28.4 months of inventory. This is also a drastic change in a one year period. Are we at equilibrium yet? Not exactly…Equilibrium between buyers and sellers is when we have 6 months of inventory on the market.
528 properties closed in February of 2010 and the highest record of pending sales in 4 years was recorded last month with 967 properties under contract. Pending sales…
Sarasota and Bradenton Real Estate Sales Up 43%!!!
Wednesday, January 27th, 2010 at 11:11am. 227 Views, 0 Comments.
SARASOTA AND BRADENTON HOMES SALES UP 43%!!!
I am so excited to report that the Sarasota and Bradenton real estate market sales are up 43% while the rest of the country saw a 17% decline in sales. This is wonderful news for our market area. Sarasota and Bradenton have so much to offer buyers being in a coastal community so rich in culture. I feel incredibly fortunate to have lived in such a beautiful community for so long. In addition to residing in paradise, I actually get to sell homes in Southwest Florida! I am passionate about selling in this area, because I am confident that when my clients relocate to this sought after area, they will enjoy their new lifestyle just as much as I do.
Is it time to buy?" Yes!!! Buyers are not only purchasing,…
