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Tagged : Sarasota Real Estate Market

Found 14 blog entries tagged as "Sarasota Real Estate Market".

Sarasota real estate market report - May, 2015Located on Florida’s Gulf Coast, the counties were impacted by the real estate bubble and the recession that followed just like the rest of the country. However, though real estate continues to struggle nationally, sale prices are rising and sale numbers are hovering around all-time highs in Sarasota and Manatee counties. Not only is this a good sign for home sellers, it is a good sign for everyone who is living in these counties as an indication of the economic strength of the local area’s economy.

Sale prices in both Sarasota and Manatee Counties have increased significantly in the past year as the area’s economy continues to grow and strengthen. The median sale price of homes in Manatee County grew from $225,000 to $257,111 from May 2014 to May

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When comparing the statistics of pending sales, inventory levels, and property sales of 2015 with those of January 2014, one sees a lot of similarities, especially in Sarasota and Manatee County. This January and last saw a drop in sales when compared to December as well as an increase in pending sales and the number of properties that were available for sale.

The clear message that these numbers present is that during the holiday season, home shoppers are not eager to sign their name on the dotted line. Instead, these recent trends show that their preference is for closing either later in the winter or during spring months. These numbers also show that during January homeowners are more excited to test the waters and see how much their property value

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Sarasota real estate market, Sarasota home sales

2014 is shaping up to be a record-breaking one for property sales in the Sarasota area, and demonstrates a continued rebound as more people want to relocate to Southwest Florida, and continue to do so. The news is terrific!

With the release of sales statistics for June 2014, a pattern of continued strong sales topping 1,000 for four months in a row shows no sign of weakening. June's closings, at 1,048 total, bettered the 997 closings from June of 2013, and fell just shy of May 2014's number of 1,100. June 2014's closings included 321 condominiums and 727 single-family homes in Sarasota.

2013's sales were likewise very strong, coming in with the second-highest rates in 91 years. The first half of 2014 shows that this year is stronger than 2013, and is

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Strong Real Estate Figures Signal a Stable, Growing Market in Sarasota

Sarasota real estate, Sarasota homes for sale,

There was plenty of positive news for home buyers and home sellers in the local real estate market for February. Enjoying a solid and consistent sales pace, Sarasota's single-family homes earned strong sales prices, decreased distressed properties and relished a robust inventory. All of these indicators point to a steady and stable local real estate market.

Home Sales

With a median sales price of $185,000 in February 2014, single-family homes sold for 10.3% more than they did in February of last year. At the same time, condominium sales prices experienced equally good results with median prices hitting at $170,000, an increase of 6.3% over February 2013. This is part of a larger

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Real estate trends in 2014 and beyond

How to Approach Real Estate in 2014 & Beyond

With the financial crisis that struck in 2008 effectively driving the housing market into the ground, the real estate market has been the top story on the news for several years. At first, the housing implosion left homeowners underwater, forcing them to abandon their investments and creating empty homes ripe for crime and robberies. As the nation slowly rose out of the Great Recession, more people were finding jobs and reestablishing credit. The housing market responded in 2013 with homes that almost anyone could buy with interest rates that were historically low. As 2014 comes bounding in, the real estate market is not as exciting. Interest rates are rising, and buyers are more wary about paying higher

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Sarasota Market Heating Up

Sarasota real estate, Sarasota homes, Sarasota real estate market

As 2014 gets underway, the Sarasota County real estate market is heating up. The number of new listings throughout the county soared in January, rising 10.6% from the previous month. The total housing inventory rose to its highest level in 32 months, providing yet another sign the market is experiencing a robust recovery. During a recovering market, the total real estate inventory, including new listings, typically rises as sellers look to take advantage of increasing property values. However, this usually only occurs after a rebound in the housing market. In Sarasota County, inventory levels have jumped significantly in only six months, rising by an impressive 30% since the recent low recorded in July 2013.

Sarasota Home

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Home prices in Sarasota County continue their ascent, as the median sales price for condos and single family homes in December 2013 were up double digits over the figures from December 2012, once again ending the year on a high note.

The median sales price of a single family home reached $189,950 in the month of December, marking an impressive 15.1 percent increase over last December’s median sales price of $165,000. The condo market also experienced a significant price jump in December 2013 as the median sales price for condos in Sarasota County reached $182,000, representing a 10.2 percent increase over last December’s median sales price of $165,100.

Furthermore, at $184,900 for single family homes during the month of December, the 12-month rolling

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Sarasota real estate price increasing

Prices Soar in the October 2013 Sarasota Market Report

Those wondering if the real estate recovery was beginning to slow down need not look further than the most recent sales report from this October.  When looking at October 2013 against October 2012, we have seen a dramatic surge in median pricing of 11.6% for single family homes and a huge spike of 20.7% for condos in Sarasota County.  In dollar terms, the median price for a condo in Sarasota was $145,000 in 2012 and is now $175,000 as of this October.

Granted, when considering the median sales price for single family homes and condos, one must always keep in mind that the swing could have been caused by several outlier sales that sparked the drastic increases.  In order to get more accurate

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Sarasota Home Buyers Need To Understand and Respect Sellers

The somewhat adversarial attitude many home buyers took toward the people whose homes they wanted to purchase just a few short years ago has now turned into a more open and beneficial relationship. As the economy shows signs of recovering from its multi-year downturn, buyers realize the Sarasota real estate market is now starting to tip toward sellers. Potential home buyers who educate themselves about the issues facing sellers will have a much better chance of finding the property they really want, at a price that helps their budget and shortens the entire purchasing process.

Although the demographics related to Sarasota home sellers haven’t changed substantially, there are some factors a

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We receive questions every day from buyers around the globe concerning the market for real estate in Sarasota. Each week, our Broker Keith M. Redding will answer a few questions our clients have.

“I read that the number of Sarasota home sales are down from June to July. Does this mean we should wait to purchase because prices will be decreasing with less sales?"

Only you know when the time is right to make a real estate purchase. The facts of the market are that sales did decrease in Sarasota County from June to July. What you may not have seen was that the decrease was only by 1%. Many contribute this slight decrease to a lack of available inventory over fewer buyers looking to purchase. Much like with any product, a limited supply accompanied with a

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