Market Statistics

Real Estate Sales in Sarasota Continue on Record Pace in October

By | November 20, 2014

House Upward Graph

House Upward GraphThe Sarasota Association of Realtors just released the sales statistics for the month of October which show that the market remained on record pace with 1,011 property transactions recorded for the month – the fifth time the 1,000 level has been reached in the past eight months. The total was 23.3 percent higher than October 2013’s sales of 820, and also 8.2 percent higher than the September 2014 sales of 934. Sales for the first 10 months of the year now stand at 9,795, or 417 sales over last year’s total. Sales in 2013 wound up as the second highest level in the county’s history. If sales continue at this pace, 2014 could surpass the historic year of 2004, when 11,482 sales were recorded in the county.

The breakdown for closed sales in October 2014 was 723 single family homes and 288 condos sold, according to figures released by Florida Realtors®.

To view the full press release visit http://www.sarasotarealtors.com/files/monthlystatistics/Oct2014Stats14112085925.pdf

 

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Sarasota Real Estate Statistics for September 2014

By | October 22, 2014

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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Sarasota Real Estate Statistics for August 2014

By | October 2, 2014

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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Sarasota Real Estate Sales Stastics

By | August 21, 2014

House Upward Graph

House Upward GraphThe Sarasota Association of Realtors just released the sales statistics for the month of July which show property sales in Sarasota County almost reached the 1,000 level for the fifth straight month in July 2014, falling just short at 928 closed transactions. In the county’s history, only once has such a five-month hot streak been accomplished – from March through July 2004 – falling just short this year and in the 2005.

The breakdown for closed sales in July this year was 643 single family homes and 285 condos sold, according to figures released by Florida Realtors ®. Closings were off 11.4 percent from last month (June), when they hit 1,048, and down about 4 percent from July 2013, when there were 969 closings.

Sales the first seven months of 2014 remain ahead of the near record sales pace of 2013, an historic year for property sales in the county with the second highest number of sales in SAR’s 91 year history. The first seven months of 2014 saw 6,875 sales, compared to 6,786 last year at this time.

To read the full press release visit: http://www.sarasotarealtors.com/files/monthlystatistics/SARJuly2014Stats140821113558.pdf

 

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Hot Streak Continues for the Sarasota Real Estate Market

By | July 22, 2014

The Sarasota Association of Realtors just reported that for the fourth straight month, property sales in Sarasota County topped 1,000 in June 2014, continuing a hot streak and signaling burgeoning strength in the local real estate market.

Closed sales in June this year totaled 1,048, an improvement of 5.1 percent from the June 2013 figure of 997 sales. The breakdown was 727 single family homes and 321 condos sold, according to figures in the My Florida regional MLS system. Closings were off slightly from last month (May), when they hit 1,100 exactly.

The first half of 2014 remains ahead of the near record sales pace of 2013, an historic year for property sales in the county with the second highest number of sales in SAR’s 91 year history.

To view the full press release visit http://www.sarasotarealtors.com/files/monthlystatistics/June2014Stats14072295653.pdf

 

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Sarasota Real Estate Sales Strong in May

By | June 25, 2014

a-housing-graph

a-housing-graph

The Sarasota Association of Realtors just released the sales statistics for the month of May which show the early summer started as hot as the spring in Sarasota County for property sales, with exactly 1,100 closed sales reported in May 2014 – 747 single family homes and 353 condominiums. The figure was slightly lower than April’s total of 1,195, and also slightly lower than last May, when 1,127 closings were reported in the My Florida Regional MLS system. The first five months of 2014 remain ahead of the scorching pace of 2013, an historic year for property sales in the county with the second highest number of sales in SAR’s 91 year history.

“Sarasota County real estate is such an amazing success story in the past two years, particularly coming from where we were in 2010,” said Sarasota Association of Realtors ® President Peter Crowley. “I think this is a tribute not only to our home market, which is one of the best in the nation, but also to our collective group of SAR brokers and agents who have truly upped their game. We emerged from a tough environment and are now leading the pack.”

Click here for the full press release http://www.sarasotarealtors.com/files/monthlystatistics/May2014Stats14062335206.pdf

 

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April was a busy month for real estate transactions in Sarasota

By | May 20, 2014

House Upward Graph

House Upward GraphThe Sarasota Association of Realtors just released the sales statistics for the month of April which report that Sarasota County saw the second highest level of sales in its history in April 2014 – a total of 1,195 closed transactions recorded in the My Florida Regional MLS system. That figure was topped only by the 1,223 sales reported a decade ago, in April 2004, just preceding the real estate boom that saw rapid price escalation.

The other months close to that figure were in the spring and early summer months of 2004 and 2005, and in March, April and May of last year. In April 2014, 759 single family home sales closed, and 436 condo sales were completed. The totals were higher than March figures, (698 and 352, respectively) and last April’s figures (703 and 429, respectively).

To view the full press release visit http://www.sarasotarealtors.com/files/monthlystatistics/April2014Stats140520125706.pdf

 

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March Real Estate Statistics for Sarasota

By | April 29, 2014

a-housing-graph

a-housing-graphProperty sales in Sarasota County for March 2014 topped 1,000 for the first time since May 2013, repeating a spring sales surge witnessed in the past few years. In addition, distressed sales remained far below the levels experienced four years ago (see P. 14 article), indications of a strong market returning to historic norms.

Median sale prices for single family homes and condos also continued to reflect a stable market, with no signs of wild price swings. Single family prices have been remarkably even for the past 12 months, while condo prices have also stabilized.

To view the full press release visit the Sarasota Association of Realtors website at http://www.sarasotarealtors.com/files/monthlystatistics/March2014Stats140422102558.pdf

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February Real Estate Statistics for Sarasota

By | March 25, 2014

Red Upward Graph

Red Upward GraphThe Sarasota Association of Realtors most recent press release shows that property sales in Sarasota County for February 2014 maintained a very steady pace, and median sale prices for single family homes and condos also reflected market stability and integrity.

Single family prices have been remarkably even for the past 12 months, while condo prices have seen somewhat more volatility. February 2014 closed sales of 787 were down slightly (2.4 percent) from last February, when they were at 807, but up slightly from January 2014 (767).

The other notable market statistic was the recent marked decrease in short sales. Only 32 of the total 787 sales in February 2014 were short sales, compared to 98 in February 2013. Short sales have been trending lower since August 2013, and saw a significant drop off beginning in January 2014, when only 27 sales were short sales in the county. In June 2010, at the low point of the market, short sales accounted for almost 200 of the 933 total sales, and foreclosure sales represented another 207.

Foreclosures were still trending at about the same pace in February 2014, with 131 recorded. The lack of short sales may reflect the growing reluctance of mortgage lenders and banks to negotiate with delinquent property owners as the economy emerges from the great recession and the unemployment picture in Florida and across the nation improves.

To read the full press release visit http://www.sarasotarealtors.com/files/monthlystatistics/SRStatsFeb2014140320112035.pdf

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Sarasota Real Estate Market is Heating Up

By | February 25, 2014

graphThe Sarasota Association of Realtors just released the sales statistics for the month of June which shows that new listings were up substantially sending the total inventory to a 32-month high level, up 10.6 percent from December 2013 and yet another sign of a market in a strong recovery period.

To read the entire press release click here:

http://www.sarasotarealtors.com/files/monthlystatistics/Jan2014StatsSRMagMar2014140221100120.pdf

 

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