September 2014 has proven to be another fantastic month in Sarasota real estate sales, with sales numbers ending 14% higher than last year during September. For the first three quarters of 2014, total sales exceed last year’s numbers by 200 transactions, and it’s important to note that last year (2013) experienced the second highest real estate sales in county history. That means the market is super hot, and moves super fast.
Sarasota Real Estate Inventory
Inventory levels for homes and condos finished September 2% lower than August 2014, and 8% lower than last year. Inventory is becoming a real issue, as there just is not enough to keep up with the pace of recorded sales. Only 10% of all current inventory is distressed sales (Sarasota foreclosures and Sarasota short sales). 24% of all sales in Sarasota in the month of September were distressed sales, which was up slightly from the previous month of August.
We Are Here To Help You
We know the Sarasota real estate market, and whether you are looking to purchase your Sarasota dream home, or looking to sell a property in Sarasota, please contact us and let us learn about your specific situation in order to help you make the most of your next Sarasota real estate transaction.