Sarasota Real Estate Statistics for September 2014

By | October 22, 2014

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business graph in blueThe Sarasota Association of Realtors just released the sales statistics for last month which show that the Sarasota County real estate market remained on pace for near record sales numbers in September 2014, ending the month with 934 closed transactions – 14 percent higher than last September when 817 properties changed hands. Sales for the first three-quarters of the year now stand at 8,784, about 200 sales over last year’s pace which wound up as the second highest sales year in the county’s history. A strong closing quarter (sales of 900 per month or higher) could push the final figure near the historic year of 2004, when 11,482 sales were recorded in the county.

The breakdown for closed sales in September 2014 was 688 single family homes and 246 condos sold, according to figures released by Florida Realtors ®. Closings were down slightly from the August 2014 figures of 698 single family homes and 277 condos sold (975 total).

The median sale price for single family homes stood at $189,000 for single family homes, off slightly from the $195,750 in August 2014 and almost identical to last September’s figure of $189,902. The condo median was $195,000, up about 10 percent from last month and up 18 percent from last September’s figure of $165,000.

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 in the market. The median sale price for the 12-month period ending in August, which moderates monthly swings, was $196,000 for single family homes, 10 percent higher than last September’s 12- month period of $178,000. For condos, it was $180,000, up about 12.5 percent over last September’s 12 -month period of $160,000.

To view the full press release from the Sarasota Association of Realtors visit http://www.sarasotarealtors.com/files/monthlystatistics/Sept2014Stats14102194502.pdf


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