Sales Stay Strong in Sarasota Real Estate

By | November 5, 2015

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REMAX Sold SignProperty sales in Sarasota and Manatee counties were somewhat slower in September 2015, but the drop off from August was expected after an unprecedented six month run of record-setting closings. In addition, the start of fall 2015 looks a lot like the same time last year, but with one major exception. Single family home median sale prices in both Sarasota and Manatee counties have risen sharply over last year at this time, once again reflecting the law of supply and demand as single family home stocks dwindle.

According to the Realtor ® Association of Sarasota and Manatee, overall property sales in September 2015 stood at 1,608 for the two counties – 927 closings in Sarasota and 681 closings in Manatee. Sarasota County fell short of the 1,000 level for the first time since February, ending the record of six consecutive months over 1,000 – something that has never happened before in Sarasota County.

The overall regional sales compared to 1,709 sales in August 2015, or a 5.9 percent drop, but were slightly higher (1.8 percent) than last September’s sales of 1,578. The August to September sales drop was almost identical last year, with a small decline from late summer to early fall. However, if the recent trend continues, October 2015 could see another sales surge, as the last four years has seen marked improvement in the number of closings as winter residents and visitors returned to the market.

To read the full press release and view the statistical charts click here.

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