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Sarasota Real Estate News and Blog

Looking for a pristine move-in ready condo on Lido Key?  Look no further. My new listing at St Armand Towers North #95, is across the street from Lido Beach and only 2 blocks from St Armand's Circle.  This 1,389 SF 2BR 2BA condo has been impeccably restored to like-new condition and  features spectacular city and bay views from the 9th floor.

1 Benjamin Franklin Dr 95 - Front

1 Benjamin Franklin Dr #95, Sarasota - Highlights

  • Price - $685,000 - Aggressively priced for a quick sale
  • Low Maintenance Fee - Only $1,960 per quarter ($653.33/month) includes water
  • Spectacular Views - Unrivaled city and bay views from the 9th floor
  • Ideal Location - Across the street from Lido Beach & two blocks from St Armand's Circle
  • Move-in Ready - Meticulously restored to original
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West of the Trail Home Sales up 12% through Aug 2017!

1525 Eastbrook Dr, Sarasota

West of the Trail Sarasota homes sales are up 12% through Aug 2017 with 96 home sales compared with 86 for the same period in 2016.  The median sales price is up 5% through Aug 2017 at $822,500.  This highly coveted area is doing much better than the Sarasota market as a whole which is only up 4% through Aug 2017.

  West of the Trail Sarasota Sales Aug 2017 Aug 2016 2017 YTD 2016 YTD  
  Homes Sold 10  96  86   
  Median Sales Price $700,000  $640,000  $822,500  $782,500   
  Median SP/Sq Ft $313  $329  $339  $340   
  Days on Market 71  61  87  91   
 
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Sarasota Luxury Residential Sales Up 24% in Aug 2017!

35 Watergate Dr 1403, Sarasota

Sarasota luxury real estate sales ($1m+) increased 24% in Aug 2017 with 42 luxury properties sold compared with 34 in Aug 2016.  Year-to-date, the Sarasota luxury market is up 17% while the Sarasota market as a whole is only up 4%.  It is interesting to note that the Sarasota luxury market is doing so well compared to the Sarasota market as a whole.

  Sarasota Luxury Sales ($1m+) Aug 2017 Aug 2016 2017 YTD 2016 YTD  
  Luxury Properties Sold 42  34  365  313   
  Median Sales Price $1,425,000  $1,843,000  NA NA  
  Luxury Properties for Sale 546  550  NA NA  
  Months of Inventory
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Sarasota Residential Sales Up 7% in Aug 2017!

Sarasota Real Estate Chart - Aug 2017 

Sarasota residential sales were up 7% in Aug 2017 with 1,018 homes and condos sold compared with 950 in Aug 2016.  The median sales price of Sarasota homes & condos was only up 1% in Aug 2017 at $249,000.  Year-to-date, Sarasota residential sales are up 4%.

  Sarasota Home & Condo Sales Aug 2017 Aug 2016 2017 YTD 2016 YTD  
  Total Homes & Condos Sold 1,018  950  8,333  7,981   
  Median Sales Price $249,000  $246,000  NA NA  
  Homes & Condos for Sale 3,791  3,745  NA NA  
  Months of Inventory  3.7 3.9  NA NA  
  Sarasota Home Sales                Aug
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West of the Trail Home Sales rise 19% in July 2017!

1639 S Orange Ave, Sarasota

West of the Trail Sarasota homes sales rose 19%  in July 2017 with 19 homes sold compared with 16 sales in July 2016.  Year-to-date, West of the Trail sales are up 9% with 86 homes sold.  

  West of the Trail Sarasota Sales July 2017 July 2016 2017 YTD 2016 YTD  
  Homes Sold 19  16  86  79   
  Median Sales Price $1,050,000  $770,000  $872,500  $790,000   
  Median SP/Sq Ft $311  $342  $343  $346   
  Days on Market 66  147  93  94   
  Sales Price/List Price Ratio 95%  96%  95%   96%   

West of the Trail Home Sales - Top Ten 2017

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    Sarasota Luxury Residential Sales Up 92% in July 2017!

    1300 Benjamin Franklin Dr, Sarasota

    Sarasota luxury real estate sales ($1m+) increased 92% in July 2017 with 50 luxury properties sold compared with 26 in July 2016.  Year-to-date, the Sarasota luxury market is up 15% while the Sarasota market as a whole is only up 4%.  It is interesting to note that the Sarasota luxury market is doing so well compared to the Sarasota market as a whole.

      Sarasota Luxury Sales ($1m+) July 2017 July 2016 2017 YTD 2016 YTD  
      Luxury Properties Sold 50  26  323  280   
      Median Sales Price $1,475,000  $1,763,000  NA NA  
      Luxury Properties for Sale 585  577  NA NA  
      Months of
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    Sarasota Residential Sales Up 5% in July 2017!

    Sarasota Real Estate Chart - July 2017

    Sarasota residential sales were up 5% in July 2017 with 984 homes and condos sold compared with 937 in July 2016.  The median sales price of Sarasota homes & condos was up 6% in July 2017 at $250,000.  Year-to-date, Sarasota residential sales are up 4%.

      Sarasota Home & Condo Sales July 2017 July 2016 2017 YTD 2016 YTD  
      Total Homes & Condos Sold 984  937  7,311  7,031   
      Median Sales Price $250,000  $235,000  NA NA  
      Homes & Condos for Sale 4,036  3,832  NA NA  
      Months of Inventory  4.1 4.1  NA NA  
      Sarasota Home Sales                July
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    Sarasota Luxury Residential Sales Up 8% through June 2017!

    467 Meadow Lark Dr, Sarasota

    Sarasota luxury real estate sales ($1m+) increased 18% in June 2017 with 47 luxury properties sold compared with 40 in June 2016.  Year-to-date, the Sarasota luxury market is up 8% while the Sarasota market in general is only up 4%.

      Sarasota Luxury Sales ($1m+) June 2017 June 2016 2017 YTD 2016 YTD  
      Luxury Properties Sold 47  40  273  253   
      Median Sales Price $1,479,000  $1,873,000  NA NA  
      Luxury Properties for Sale 626  601  NA NA  
      Months of Inventory 13.3  15  NA NA  

    Top 10 Sarasota Luxury Sales - 2017

    • 467 Meadow Lark Dr - Bird
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    Sarasota Residential Sales Up 4% through June 2017!

    Sarasota Real Estate Chart - June 2017

    Sarasota residential sales were even in June 2017 with 1,155 homes and condos sold compared with 1,155 in June 2016.  The median sales price of Sarasota homes & condos for June 2017 was up 8% in June 2016 at $259,000.  Year-to-date, Sarasota residential sales are up 4%.

      Sarasota Home & Condo Sales June 2017 June 2016 2017 YTD 2016 YTD  
      Total Homes & Condos Sold 1,155  1,155  6,323  6,094   
      Median Sales Price $259,000  $240,000  NA NA  
      Homes & Condos for Sale 4,202  3,926  NA NA  
      Months of Inventory 3.6  3.4  NA NA  
      Sarasota
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    West of the Trail Home Sales up 6% through June 2017!

    3805 Camino Real, Sarasota 

    West of the Trail Sarasota homes sales were up 6%  through June 2017 with 67 homes sold compared with 63 sales through June 2016.  The median sales price rose 3% through June 2017 to $815,000.

      West of the Trail Sarasota Sales June 2017 June 2016 2017 YTD 2016 YTD  
      Homes Sold 11 67   63  
      Median Sales Price $901,000  $775,000 $815,000  $795,000   
      Median SP/Sq Ft $353  $313 $357   $347  
      Days on Market 94   73 94  78  
      Sales Price/List Price Ratio 96%  97%  96%  96%  

    West of the Trail Home Sales - June 2017

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