Sarasota Real Estate Market News

Market indicators are positive on Siesta Key

As seen in the Sarasota Herald Tribune:

When comparing a year over year 12 month trailing average since 2006, single-family home unit sales on Siesta Key have consistently risen (almost doubling since 2006) year over year in spite of overall market conditions.  Obviously, during 2007-10 average sales prices dropped dramatically, however they have rebounded by almost 30% off their low in 2009.  Even so, today’s average sales prices represent a 40%+ discount off the market high in 2006-7.

Siesta Key Single Family Homes            
Year to Date Sales Comparisons on Siesta Key 2007 – 2012 04/01/06 to 03/30/07 04/01/07 to 03/30/08 04/01/08 to 03/30/09 04/01/09 to 03/30/10 04/01/10 to 03/30/11 04/01/11 to 03/30/12
Average Sales Price $1,613,504 $1,301,837 $1,101,523 $754,927 $884,335 $968,513
Median Sales Price $967,500 $909,500 $750,000 $555,000 $550,000 $632,500
Units Sold 75 91 113 139 148 147
             
Siesta Key Condominiums 04/01/06 to 03/30/07 04/01/07 to 03/30/08 04/01/08 to 03/30/09 04/01/09 to 03/30/10 04/01/10 to 03/30/11 04/01/11 to 03/30/12
Average Sales Price $769,014 $859,486 $524,859 $520,730 $450,611 $449,450
Median Sales Price $615,000 $655,000 $437,950 $380,000 $394,300 $350,000
Units Sold 115 190 194 227 234 292

 

Read more HERE

May 19, 2012 - Posted by | News related to Buyers, News related to Sellers, News related to the Market

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