412 S. Tamiami Trail,
February 2012 
There are 4 blog entries for February 2012.
Pending Sales Spike in January 2012 in the Sarasota Real Estate Market
Friday, February 24th, 2012 at 1:07pm. 157 Views, 0 Comments.
The new year started with a 38% jump in pending sales from the previous month, as report by members of the Sarasota Assoc. of Realtors. This is a strong indicator for a successful 2012 season in the Sarasota real estate market.
A total of 963 contracts were signed for property transactions in January 2012. This consisted of 723 single family homes and 240 condos. Pending sales is considered a major indicator for the next 2 or 3 months of closed sales, as the statistic reflects current buyer activity.
While actual closings declined in January from December, the lull is typical due to the holidays. Sales ended the month at 513, with 365 single family homes and 148 condos changing hands. This compared to 644 in…
Sarasota County Luxury Real Estate Update
Wednesday, February 8th, 2012 at 11:55am. 168 Views, 0 Comments.
As of January 31, 2012, there were 11 properties that are showing sold in Sarasota Florida County during the last 60 days that were listed above $2,000,000.
The highest priced property that was listed for $3,990,000, sold for $4,100,000 on Siesta Key. Another sold on Siesta Key for $4,000,000.
There was also a sale on Manasota Key with full gulf views for $2,400,000. Eight of these eleven properties were all cash transactions.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real estate.
Sarasota County Luxury Real Estate Foreclosure Index Report
Wednesday, February 8th, 2012 at 11:54am. 153 Views, 0 Comments.
As of January 31, 2012, there were 225Luxury Short Sales and 10 luxury foreclosures that had closed in the previous 6 months. The average sold price of the pre-foreclosures was $1,237,500. That price was 84% of the original list average price of $1,508,500.
The average sold price of the luxury foreclosures was $1,342,900 with less than 3 months of inventory left. The inventory and average days on the market of Sarasota luxury foreclosures and short sales (pre-foreclosures) continue to decline.
Sarasota is located in Southwest Florida on the Gulf of Mexico.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real…
Property Sales in the Sarasota Real Estate Market are up 8.2% for 2011
Wednesday, February 1st, 2012 at 9:16am. 177 Views, 0 Comments.
For the entire year of 2011, property sales of members of the Sarasota Association of Realtors jumped by 8.2% to 8,224, achieving the highest level since 2005. The surge in sales was accompanied by stabilization in the median sale prices, which now stand at $155,925 for single family homes and $156,800 for condos over the full year, and have not fluctuated much for the past 12 months.
Once, again, the market has demonstrated that Sarasota is a destination of choice for many homebuyers. For the overall year of 2011, the resurgence in sales was dramatic, and represents a 44% increase over the low point of the downturn in 2008, when only 5,820 properties sold.
Property transaction in the Sarasota real estate market jumped 7.3% in December 2011, compared…
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