Sarasota Inventory 
Inventory of homes and condos in Sarasota, Florida
There are currently 10 blog entries related to this category.
Sarasota Bucks National Trend With Best Sales Report in 33 Months
Wednesday, January 13th, 2010 at 1:32pm. 334 Views, 1 Comments.
The following was released by the Sarasota Association of Realtor:
With 648 total property sales reported in December 2009, the Sarasota real estate market saw the most closed transactions since March 2007, a 33 month span. Overall sales in December 2009 were also 52 percent higher than December 2008, when only 406 properties changed hands, and 70 sales higher than the 578 sales reported in November 2009. Median sale prices were also up last month for both single family homes and condos.
For the full year 2009, the trend lines have been dramatic. Monthly home sales have climbed to the high 500s and low-to-mid 600s, compared to 2008 when sales often dipped to the low 400s and even into the 300s. The overall number of closed sales in…
Sarasota Foreclosures Update
Tuesday, November 17th, 2009 at 10:34am. 419 Views, 1 Comments.
Sarasota Foreclosures
Below are some foreclosure sales statistics for Sarasota and Manatee counties.
* 2,578 foreclosures sold in both counties since January 1, 2009
* Highest sales price - $2,025,000
* Lowest sales price - $3,695
* Average sales price - $126,684
* Median sales price - $90,000
* Average days on market - 98 days
* Median days on market - 60 days
* Currently there are 175 bank owned properties for sale in Sarasota county.
* Currently there are 140 bank owned properties for sale in Manatee county.
Visit my Sarasota foreclosures page to view properties for sale. It is updated daily!
Siesta Key Foreclosures
I receive a lot of emails and calls from people looking for Siesta Key foreclosures. There really aren't that many of…
Sarasota Real Estate Market Update - Inventories Are Up!
Wednesday, November 11th, 2009 at 5:50am. 396 Views, 0 Comments.
I rotated the chart to make it easier to read. These are Sarasota county inventory, sales and pending sales figures for the last 3 years. As you can see the inventory of homes have been dropping nicely for the last few years. The dark green lines at the bottom represent closed sales. Notice the increase in home sales in 2009. The red line on the chart represents pending sales.
The number of homes for sale actually increased last month. However, it was only a modest .3% from September 2009. The sales increased 2% and pending sales increased nearly 18%. Compared to a year ago inventories are down 29%. I think the increase in inventory from September to October is probably due to those people who want to have their home listed during the busy winter…
Which Sarasota real estate brokers sell the most luxury homes?
Saturday, October 31st, 2009 at 3:52pm. 313 Views, 0 Comments.
Curious which brokers sell the most luxury properties in Sarasota, Florida? In the chart below you will find sales information of all properties sold in Sarasota county over the last 12 months starting at $1 million. This information is provided by Trendgraphix which compiles the data from our Mid Florida MLS system. A $950,000 penthouse on Siesta Key beach is considered luxury in my book. I used the $1 million starting price for ease. In a future blog post I will provide data for the $500,000 - $1 million range.
Visit my Sarasota luxury homes page to view thousands of great homes for sale in the Sarasota, Florida. We would be happy to help you buy or sell.
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Broker |
Total Units |
Market Share of Units Sold |
Total Sales Volume (000) |
Market Share… |
5 Questions to ask yourself prior to listing your Sarasota home for sale
Friday, October 30th, 2009 at 10:14am. 258 Views, 1 Comments.
1) Am I motivated?
If you are not a motivated seller your house probably won’t sell. There is no question that the market is improving and buyers are active but traditional sellers must compete with the bank owned properties and short sales on the market. To compete with these properties you have to beat them in value. Buyers are cautious and will only buy value. Value and price are everything.
2) Will I price it in line with recently sold similar properties?
The value of your home is based on the recent sale prices of similar homes in your area. If someone wants to buy your home there is a good chance they will get an appraisal on it. Your asking price should be in the same ballpark as the recently sold similar homes. If the 3 most recent sales were…
Sarasota real estate update - September sales skyrocket as market approaches equilibrium
Wednesday, October 14th, 2009 at 2:31pm. 473 Views, 0 Comments.
Below is a press release from the Sarasota Association of Realtors for the September 2009 sales statistics.
On the Oct. 6th Today Show, Corcoran said Sarasota was the top place to buy real estate in the nation today, an opinion shared by SAR and most area real estate professionals.
As a confirmation of Corcoran's report, home and condo sales…Sarasota Named #1 Best Market in the U.S. to Buy A Home!
Tuesday, October 6th, 2009 at 12:49pm. 763 Views, 0 Comments.
Did you see the Today Show this morning? Good news for the Sarasota real estate market. Al Roker interviewed real estate guru Barbara Corcoran about the best U.S. cities to buy a home.She flat out said that this is the time to buy in these markets. Sarasota, Florida was listed as the #1 market in the U.S.! Watch the interview below.
In all honesty, Barbara said that prices were shooting up. That is not accurate. Prices are not going to shoot up.
If I can help you buy or sell a home in Sarasota, Florida give me a call at 941.812.6272.
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Is the Sarasota real estate market bottoming?
Friday, August 14th, 2009 at 12:29pm. 359 Views, 0 Comments.
Remember back to your high school or college class about supply and demand? Basically, the price of anything s largely determine by the supply and demand. If you have a bunch of homes, gold, diamonds, cars on the market with few buyers prices typically fall. Prices rise if you have a bunch of buyers and a low supply.
If you want to get a little more technical Wikipedia describes supply and demand as:
"Supply and demand is an economic model based on price, utility and quantity in a market. It concludes that in a competitive market, price will function to equalize the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. An increase in the quantity produced or…Sarasota Home Inventories
Thursday, November 6th, 2008 at 9:24am. 358 Views, 0 Comments.
The chart above are Sarasota home inventory figures for the last three years. These are only single family homes and in Sarasota county. As you can see inventory levels have declined over the last few months. The number of homes peaked out in February of 2007 and have held pretty steady until March of this year.
Banks are taking back many homes through foreclosure. They cannot just sit on them so they are getting more aggressive in their pricing. They must do this to get the buyers off the fence. This in conjunction with other home sellers either getting more realistic in their pricing or simply just taking their properties off the market have led to the decline in inventories. It seems like we are on our way to normalcy. The question is how long…
Sarasota, Florida Inventory Levels
Sunday, September 28th, 2008 at 11:16am. 287 Views, 0 Comments.
I had to shrink this graph to make it fit my blog. Here are the last 5 years of inventory, sales and pending sales. Notice the sharp drop off of Sarasota homes and condos for sale over the last 7 months. It will be interesting to see what happens over the next 6 months as this government bailout unfolds.
There are several possibilities that could play out. Some people view the government bailout of the banks as the start of the bottoming of the real estate market. Others feel that prices will continue to drop until inventory levels are lower. I do believe there is pent up demand now that prices have dropped quite a bit from the market highs. The trouble will be if those people can find financing to purchase. With the government buying the troubled…
