August 2009 vs August 2005 in the Sarasota real estate market

Posted by Marc Rasmussen on Tuesday, September 29th, 2009 at 7:39am.

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Just for kicks I pulled some statistics from the Sarasota MLS comparing August 2009 versus August 2005 sales. Instead of using Sarasota county which incorporates North Port, Venice and parts of Port Charlotte I pulled only properties sold in north Sarasota, Lakewood Ranch, Siesta Key, Lido Key, Casey Key and Bird Key. Here is what I found out:

August 2009 Sarasota Home Sales

  • 203 homes sold
  • Highest sales price - $1,825,000
  • Lowest sales price - $29,000
  • Average sales price - $270,338 or $124,94/sq. ft.
  • Median sales price - $175,000 or $109.01/sq. ft.
  • Average days on market - 175

August 2005 Sarasota Home Sales

  • 280 homes sold
  • Highest sales price - $2,939,000
  • Lowest sales price - $59,000
  • Average sales price - $517,261 or $254.04/sq. ft.
  • Median sales price - $358,900 or $209.98/sq. ft.
  • Average days on market - 53

Wow! Compare the average and median sales price between 2009 and 2005. $517,261 vs. $270,338 average sales price and $358,900 vs. $175,000 median sales price. This appears to be a fantastic time for Sarasota real estate home buyers.

2 Responses to "August 2009 vs August 2005 in the Sarasota real estate market"

Mike Tullio wrote:
Such dramatic numbers, aren't they? I remember seeing an article in the SRQ Herald back in May 2005 with a headline, "Home prices increase 33% first quarter". Whether we like it or not, we've returned to a "healthier" housing market and I couldn't agree more about now being an amazing time to buy a home. Will we look back and see 2009 as the bottom? Pretty good chance. Much success to you today Marc!

Posted on Tuesday, September 29th, 2009 at 8:45am.

Jade Brickell wrote:
Real estate blogging encourages a culture and principle of RESPECTFUL debate. Great stuff as usual…. Thanks for this.

Posted on Tuesday, March 23rd, 2010 at 5:16am.


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