Sarasota Home Sales in August Up Over Last Year

By | October 2, 2013

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The Sarasota Association of Realtors recently released the sales statistics for the month of August which show property sales in Sarasota County stood at 957, a dozen sales less than recorded in July 2013, but 11.6 percent higher than in August 2012. In addition, the median sale price for single family homes in the county rose to $195,000, 30 percent higher than last August’s figure of $150,000, and higher than July’s figure of $189,900. Condo prices were at $161,000, slightly higher than July’s figure of $159,000 and 7.1 percent higher than last August’s figure of $148,889.

Monthly median prices are susceptible to swings based on sales at one end of the price spectrum. A look at the 12-month rolling median removes that volatility. The 12-month rolling median sale price for single family homes was $176,500 in August 2013, up substantially from the August 2012 figure of $146,100, and also up from the July 2013 figure of $173,000. For  condominiums, the figure was $160,200 this August, compared to $150,000 a year ago, and $160,000 in July. The price trend is clearly upward.

Pending sales stood at 864 in August 2013, up about 1.7 percent from the 849 figure in July 2013 and up 6.8 percent from last August’s total of 808. Pending sales represents properties that went under contract during the month, and indicates sales in September and beyond could also be at higher levels.

To view the full report along with statistical charts visit their website.

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