Sales up are up and inventory currently sits at a six year low in Sarasota Fl real estate market. Sales were up 24.2 percent from the previous month, and what's even more impressive is that sales have increased 27.3% over last February. Median sales prices for both single and condominiums have continued decrease, but at a much slower rate. Foreclosures and short sales continue to equal about half the overall sales, and the driving force for decreased sales prices. Sarasota home sales have … [Read more...]

The Sarasota Housing Market was very active in January according to Sarasota Association of Realtors Sales Reports Great news in the Sarasota real estate market!  Pending sales increased 28% from December to January 2011.   This statistic indicates that sales will be strong for the upcoming  peak months through march.   This is the first time pendings exceeded the 1,000 mark since April of 2010, when the looming home buyer tax credit expiration date was fueling sales activity. Overall, … [Read more...]

News is looking good for October's pending sales numbers in Sarasota Fl. real estate, as the pending sales were up 10% over September 2010. That equates to 819 homes which were put under contract. On the other hand, primarily due to the bank foreclosure process being stalled over concerns of fraudulent paperwork produced by lenders, actual closings were down 11% over September 2010. Approximately 50% of current closings in Sarasota can be attributed to distressed sales (foreclosures and short … [Read more...]

Click on Images to Enlarge Graphs and statistics provided by the Sarasota Association of Realtors The numbers were reported today from the Sarasota Association of Realtors for the month of September 2010. In Sarasota, there were 547 total sales, compared to 567 in August 2010.  It was almost the exact same performance as last September, when there were  554 sales.  Prices were also almost the same as last year.  September 2010 saw a median sale price of $155,000 for single family homes and … [Read more...]

Click on Images to Enlarge Graphs and statistics provided by the Sarasota Association of Realtors July 2010 was not-so-great for sales in Sarasota real estate, however this really was to be expected. The $8000 tax credit expired, so many first-time buyers pushed to purchase in the past previous months. Also, the news about the oil spill put many buyer's plans on hold. I saw this first hand. June's overall sales dropped 47% from the previous month. June's sales were more reflective of the … [Read more...]