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 15 blog entries related to this category.
Tuesday, June 4th, 2013 at 4:10pm. 127 Views, 0 Comments.
Sarasota REALTORS® have been quite busy this year, working their weekends and evenings, to accomplish one goal - taking care of their clients. Home buyers understand the local market has been very active and they want to get a great deal while they still can. As a result, potential buyers are putting in offers at a greatly accelerated pace. The Sarasota Association of REALTORS® (SAR) has reported its members have had a total of 1,017 closings for the month of April. We have not seen numbers like these since the month of June 2005! It’s rare these days to see the total number of closings for a single month be above the 1,000 mark. So much so SAR has only seen 10 months perform at this rate during the entire 90 years of its existence. Aside from this month…
Wednesday, April 3rd, 2013 at 9:38am. 1072 Views, 0 Comments.
With a headline like this you already know realtors have been busy helping people find their next home or allowing investors to make money in this market. According to the monthly statistics from Sarasota Association of Realtors (SAR) This February we have seen an astounding 24% increase in sales from last February’s production. In January 2013 we saw a 22% increase in sales from January 2012! The Sarasota market has been full of activity and if the increase continues to perform at the same rate for the months to follow, we will have a sales year that will break serious records.
The numbers from SAR are really quite impressive with a total of 733 properties sold in February 2013, 504 of them being single family homes and 229 of them being…
Thursday, January 24th, 2013 at 4:11pm. 137 Views, 0 Comments.
Ending the Year with a Bang!
Here we are at the end of another exciting year in the Sarasota Real Estate Market and the numbers are in! How did we do, you ask? I believe the heading of this month's Sarasota Association of Realors' Statistic report says it all, “Sales in 2012 Were Fourth Highest in History of SAR”. SAR's history dates back to their establishment in 1923 and now has over 3,500 members in the Sarasota and Manatee county area. Let's see what these members have accomplished over the year and their impact on last year's market.
Sarasota Sales Throughout Recent Years
First and foremost, let's take a look at these astounding numbers our fellow SAR members have worked so hard for. For the calendar year of 2012 there were a total…
Thursday, November 1st, 2012 at 9:35am. 287 Views, 0 Comments.
The Lull Before the Storm
It's time to get excited about what our real estate market has in store for us during the winter season. We can already take notice that we are seeing a new and improved market from last year’s numbers. The numbers are in for September alone, yet they are not as impressive as last month, we are still improving from last year’s numbers. The chart below represents the number of homes and condos sold showing that the numbers are down from August to September but have increased 14% from last September.
September has proven itself to be the lull before the storm as we had a really active summer and we are now approaching the busy winter season. If these numbers from this summer are any indication of what to expect…
Tuesday, September 18th, 2012 at 12:34pm. 391 Views, 1 Comments.
Supply and Demand in August
August was a very promising month in the real estate market this year. The Sarasota market is seeing an increase in sales but a decline in inventory. What will this mean for our buyers and sellers? Statistically speaking this is all a matter of supply and demand.
The Good, the Bad, and the not so Ugly
This August is out performing last August by a whopping 27% and also last month by 15%.
Check out these numbers provided by Sarasota Association of Realtors.
Single Family Home Sales
Wednesday, October 26th, 2011 at 1:53pm. 341 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)
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…
Monday, September 26th, 2011 at 10:59am. 1579 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…
Wednesday, August 17th, 2011 at 9:17am. 6107 Views, 3 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…
Thursday, June 23rd, 2011 at 9:54am. 650 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…
Friday, May 27th, 2011 at 3:30pm. 907 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…