Blog

Dec
23
Sarasota November Sales Take a Breather

temp-post-image

...But House Prices Continue to Rise

Sales for November 2013 have leveled off somewhat, yet single-family home prices are still on the rise. It seems home buyers and sellers have stopped to take a breather after a very busy year of record-setting sales. All signs are pointing to an even busier 2014 for the Sarasota real estate market. Here are some of the highlights:

• Median prices for a Sarasota single family home in November 2013 are still on the rise with a 20.6 percent increase over November 2012. Average prices were $187,000 compared to $155,000 from last year.
• Condo prices were slightly lower than the same time last year, but up over 10 percent based on an average 12-month comparison.
• Overall November property sales were 760 (531 for single-family homes and 229 condos); down slightly from October's sales of 818 (582 single-family and 236 condos).
• Inventory levels are increasing, with 4,288 properties on the market, compared to 4,032 from last month.

2014 Expected to Break Even More Records

Just as we at Coffey & Company are predicting a busy season, SAR President Roger Piro is also optimistic:

"Despite some of the moderating numbers we are seeing, I am still confident in our current market dynamics and Sarasota County's future real estate direction," said Piro. "I consider this period a lull following dynamic growth in sales and prices for almost the entire year of 2013. Once we get into early 2014, I wouldn't be surprised if this market expanded once again."

If you have any questions, or would like to get more information about energy saving features to watch for when buying a Sarasota home, please don't hesitate to contact us at (941) 284-4474 or Toll free (941) 404-4737. One of our qualified agents will gladly get back to you.


Contact Us

Contact Us

 Keller Williams Island Life Real Estate         The Coffey Group Fine Homes International                   Longboat Key Island Office               Coffey & Divald Property Management

 206 Harbor Drive S,                                                        646 S. Tamiami Trail                                5350 Gulf of Mexico Dr Suite #205                                       1491 2nd St, Suite B

Venice, FL 34285                                                             Osprey, FL 34229                                           Longboat Key, FL 34228                                                Sarasota, FL 34236

United States                                                                       United States                                                     United States                                                                      United States