Sarasota Real Estate News

Once again the Sarasota real estate markets has a good report. Statistics from the Sarasota Board of Realtors were released today and Sarasota bucked

the Sarasota bucks national trend with best sales report in 33 months
With 648 total property sales reported in December 2009, the Sarasota real estate market saw the most closed transactions since March 2007, a 33 month span. Overall sales in December 2009 were also 52 percent higher than December 2008, when only 406 properties changed hands, and 70 sales higher than the 578 sales reported in November 2009. Median sale prices were also up last month for both single family homes and condos.

For the full year 2009, the trend lines have been dramatic. Monthly home sales have climbed to the high 500s and low-to-mid 600s, compared to 2008 when sales often dipped to the low 400s and even into the 300s. The overall number of closed sales in 2009 stood at 6,699, compared to only 5,459 in all of 2008, for a 22.7 percent increase. In addition, the overall property inventory has plunged from the 10,000 to 13,000 range in 2008, down to the low 6,000 level at the end of 2009.

Sarasota’s warm weather and resort lifestyles are the big draw, and realtors in this area haven’t experienced a slowdown like other parts of the country.

Eric Shumway pointed out that “this is very good news, especially considering the fact that our market is showing considerable strength against a national backdrop of uncertainty.” The SAR 2010 President said “Sales are continuing to rise, and we’re starting to see a return of appreciation as the available property market tightens and buyers look more toward arm’s length sales instead of short sales and foreclosed properties.”

“The inventory level in December 2009 was at the lowest level since late summer of 2005 and the years prior to the boom period from 2003 – 2005.”

If our telephone and internet traffic is any indication, we’re in for a good sales of Sarasota real estate for 2010!

If you are interested in scheduling showings, please contact Annette Smith or John Allen. Our showing calendar for Sarasota real estate is heating up too!

Once again the Sarasota MLS statistics point toward better times for the Sarasota real estate market. Stats in a press released issued yesterday by the Sarasota Association of REALTORS® confirmed October 2009 overall sales beat October 2008 by nearly 36%. This upward trend in a traditionally slow time for Sarasota real estate could be the signs of a busy winter season.

Pending property sales also indicate that sales are improving according to the Sarasota MLS report. Pending sales don’t always close, but they are a good indicator of buyer activity in the Sarasota real estate market.

It looks like the overal national economic recovery along with the new tax incentive is helping our market and with the extension and changes in the $8,000 tax credit, we should see even more activity.

You can read the entire Sarasota MLS press release here.

Homes for sale in Sarasota, Florida offer buyers Whether you are an avid golfer looking for a country club lifestyle or an urban resident who wants to be in the middle of the cities downtown, Sarasota Florida has a great selection of homes for sale and now that prices are down considerably, it could be the perfect time for you to find your Sarasota home.

Downtown Condominiums offer an urban lifestyle sought after by buyers who want to live, work and play close to home. Downtown Sarasota is centrally located and close to shopping, professional services, galleries, cultural venues, dining and the barrier island beaches. Buyers wanting low maintenance often look in this area for a Sarasota home.

Homes for sale West of the Trail are near Sarasota Memorial Hospital are popular with Sarasota real estate buyers too. This neighborhood is close to downtown as well as Sarasota’s famous beaches.

The Sarasota MLS currently reports hundred of homes for sale in Sarasota, Florida. Barbara Corcoran, real estate guru for the Today Show was interviewed by Al Roker this week and pointed out that Sarasota is the no. 1 Best City to Buy a Home!

The Sarasota real estate market continues to show signs of improvement. Yesterday the Sarasota MLS released its monthly statistics and once again sales were up from the same month a year ago. August sales 2009 reported a 20% increase over August 2008. Read the entire Sarasota MLS story here.

Most reports indicate that it is likely that the $8,000 tax credit for first time buyers is fueling the uptick in home sales.

Sarasota Florida continutes to offer its residents an excellent choice of lifestyles from waterfront, urban and golf course country club communities to rural sprawling ranches. If you are searching for any property in Sarasota, Florida, inventories are outstanding and prices have adjusted considerably from 2005.