current sarasota real estate market
Looking Back at Sarasota Real Estate in 2022 What a roller coaster ride it was in Sarasota last year ! It started with incredible demand, consistent price increases, bidding wars and supply shortages. Add to the mix construction delays on new homes, and ever-increasing home mortgage rates. Wow…what a lot to absorb. But wait…the good…
SARASOTA’S HOUSING INVENTORY RETURNS TO 2019-2021 LEVELS A consistent increase in inventory over the past several months has restored the number of active listings to pre-pandemic levels, upholding the normalization of the Sarasota and Manatee County real estate market. Still Good news for Sellers. With just under two months of inventory available (the number of…
Buyers are purchasing Sarasota real estate like never before. Everyone is talking about Sarasota’s climbing home prices, low inventory and low interest rates. Let’s look at other contributing factors to our hot real estate market. Outdoor leisure activities, sports and social opportunities are available all year round here. This past summer, safe outdoor activities were…
The latest Sarasota County real estate news in an active market. Homes sales in Sarasota for the month of August were up 25% compared to last year with 809 units. The number of homes that went under contract and now pending in August are 46.4% higher that last year with 921 units. Presently there are…
The latest Sarasota/ Manatee Realtor Magazine is out and the stats are in for June. For both counties, be it single family homes or condominiums, prices are on the rise. Median sales for single family homes are up 7.8% in Sarasota County while Manatee has enjoyed an even larger increase of 12.4%. As for condominiums,…
High end luxury sales robust in Sarasota Great article in the Sarasota Herald Tribune. An interview with one of our fellow Michael Saunders agents revealed the following… Local Sarasota home sales declined over the year by 8 percent in March. This represents the fifth time in the last 6 months that sales of single family…
Marci Rossell, a PHD and former Chief Economist for CNBC, spoke at our 2015 Michael Saunders company wide meeting last week at The Hyatt in downtown Sarasota. Ms. Rossell illustrated how current global economics were relevant to our local real estate market on the Gulf Coast. She explained that “2015 is the year of Normalization”…
Recently released Sarasota Association of Realtors figures state that Sarasota home price increases are outpacing the nation. From March 2014 to March 2015, Sarasota home prices ( both single family and condominium) were up 9.1% on average. The national average was 5.9%. Why such a healthy gain ? Four reasons. The homes for sale inventory…
Home prices in Sarasota and Manatee County climbed 8.5% over the year…outperforming both the state and the nation during that 12 month period. CoreLogic claims the US average was 6.4% for that same time period. Despite the gain, local home prices remain some 33% off of their peak price, reached back in 2005-2006. CoreLogic then…
The early summer started as hot as the spring in Sarasota County. The first six months of 2014 remain ahead of the scorching pace of 2013, an historic year for property sales in the County.
