Sarasota County Florida Waterfront and Luxury Real Estate Area Index

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If you have any questions or need more detailed information about any waterfront or luxury property on this web site, please feel free to contact us via phone at 888.540.7653 or 941.929.9292 or fill out the form to let us know how we can help with your real estate needs. We service all of Sarasota County and her barrier islands.

Office Location 412 S. Tamiami Trail,
Osprey, Florida 34229
Phone: (941) 929-9292
Fax: (941) 929-9191

U.S. HOME PRICES SHOWED IMPROVEMENT IN MAY

Posted by Bryan Guentner on Wednesday, July 28th, 2010 at 11:04am.

Home prices rose in May for the second straight month as federal tax incentives pulled more buyers into the market.  The Standard & Poor's/Case-Shiller 20-city home price index released Tuesday posted a 1.3 percent increase in May from April.

Nineteen of 20 cities showed price gains month over month. Minneapolis and Atlanta led the way with 2.8 percent and 2 percent increases, respectively. San Diego posted its 13th straight monthly gain.

Only Las Vegas recorded a price decline. That metro area hit a record low in May. Home prices there have lost 56.4 percent of their value since peaking in August 2006. While Detroit recorded a 0.7 percent increase from April, the average home price there is about the same as it was in 1994.

The Sarasota real estate market is not tracked by Case-Shiller, but nearby Tampa posted a 0.9 percent gain in prices from April to May after a 0.5 percent increase from March to April.

In Miami, the only other Florida city on the list, prices rose 0.9 percent from April to May after dropping 0.8 percent from March to April.

The most recent data from Florida Realtors, the former Florida Association of Realtors, showed that prices rose 2.4 percent from May to June at $170,400. That price was up 5 percent from a year ago.

This information is from the Sarasota Herald Tribune and The Associated Press.

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.


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