Sarasota Real Estate Sales up 56%!

The March 2010 report is out! Sarasota real estate sales were up 56% from March 2009! It looks like we are approaching equilibrium in the Sarasota real estate market. The single family home inventory is now at 7.2 months. Last month we were at 10.6 months. This is a drastic drop in one month! 753 property sales were recorded with 1,060 pending sales! Pending sales were up 30% from March 2009. This is very encouraging. The median sales price for Sarasota single family homes increased 13.3% from last month to $170,000. The median sales price for condos increased 24% from last month to $210,000. Foreclosure and short sales dropped to 41% of the overall sales for March 2010. Last month distressed sales recorded were at 47%. I am sure we will see great reports for the next two months with the home buyer tax credit sales closing through June.

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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Florida Suncoast Property Management 

206 Harbor Drive S,                                    1972 Hillview Street,                                              13801 Tamiami Trail Suite A, 

Venice, FL                                                   Sarasota, FL                                                           North Port, FL

34285                                                          34239                                                                    34287

                                                                                                                                                                                                                                                                                          4125 Lakewood Ranch Blvd,

Bradenton, FL


13801 Tamiami Trail Suite A,

North Port, FL