Sarasota Real Estate Statistics for August 2014

By | October 2, 2014

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graphThe Sarasota Association of Realtors recently released the sales statistics for the month of August 2014 which show sales remaining strong during the month. Homes and condos continued to sell at a brisk pace in Sarasota County in August, once again nearly reaching the 1,000 level with 975 closed transactions. The eight-month total from the start of the year now stands at 7,850, about 100 sales ahead of last year’s near record totals.

The breakdown for closed sales in August 2014 was 698 single family homes and 277 condos sold, according to figures released by Florida Realtors®. Closings were up 5 percent from last month (July), when they hit 928, and up 1.8 percent from August 2013, when there were 957 closings.

The median sale price for single family homes stood at $195,750 in August 2014, down slightly from the July figure of $201,000, and almost identical to last August’s figure of $195,000. The condo median was $177,000, down 16 percent from the July 2014 figure of $205,000, but almost 10 percent higher than last August, when the median sale price was $161,000. The fluctuations in condominium prices have not been unusual in recent years, compared to the steadier nature of the single family home market, and tend to reflect the buying tendencies of investors and the “downsizing” couples seeking a smaller abode.

To view the full press release and statistical charts visit http://sarasotarealtors.com/files/monthlystatistics/Aug2014Stats14092283021.pdf

 


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