2010 vs 2009 Sarasota Real Estate Sales
Posted by Marc Rasmussen on Friday, January 7th, 2011 at 5:39am.Below are the Sarasota real estate sales figures pulled from the Mid-Florida MLS comparing years 2007, 2008, 2009 and 2010.
Unit Sales
| 2007 |
2008 | 2009 | |
2010 | |||
| Sarasota county |
6,354 | 6,781 | 8,227 | 8,917 | |||
| Manatee county |
4,473 | 4,140 | 4,909 | 5,754 | |||
| Longboat Key |
346 | |
319 | 331 | 337 | ||
| Siesta Key |
285 | 372 | 358 | 411 | |||
| Lido Key/Bird Key/Downtown |
542* | |
325 | 377 | 410 | ||
| Lakewood Ranch area |
615 | 493 | 570 | 629 | |||
| Casey Key |
14 | 21 | 8 | 19 |
* Alinari condo building finished and 174 units closed
Notice the large increase in sales from 2009 to 2010 for both Sarasota and Manatee counties.
The chart below shows unit sales from 2007 to 2010 for Sarasota and Manatee counties.
It is great to see the sales volume increase. As homes prices decline people are buying. Sarasota real estate is very affordable now. Especially compared to prices in 2005.
Below is a chart showing the quarterly average price per square foot for Sarasota county over the last 6 years.
The real estate market seems to keep yelling, "We are scraping along the bottom". Sales are up, inventories are down. Assuming there is no major crisis or huge influx of foreclosures then 2011 should be more of the same.
Buyers: Every day you are losing the number of properties to choose from. Picky buyers need to get out there now. If inventories continue to decline you will have fewer options.
Sellers: The real estate market is still very liquid. If you put the right asking price on your home it will sell. There are plenty of buyers out there. If you are waiting for 2005 prices to come back you will be waiting a loooooooooooong time.
If I can help you buy or sell a home in the Sarasota area give me a call at 941.812.6272.
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Great to see some positive news coming from the US as far as unit sales are concerned (I can't see the other images including the price per square foot unfortunately).
It would seem there is activity out there, just not everywhere all of the time. Sadly too many are holding off from buying property at the moment thinking the market will drop further. Personally, whilst I suspect it will drop a little, I doubt the size of drop over time will make much difference for most.
Posted on Monday, January 31st, 2011 at 11:07am.