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All Blog Entries by Jaime Carrion

Found 284 blog entries published by Jaime Carrion.

West of the Trail Home Sales rise 5% in 2017!

1505 Hillview Dr, Sarasota

West of the Trail Sarasota homes sales increased 5% in 2017 with 136 home sales compared with 130 in 2016.  In addition, the median sales price increased 9% in 2017 to $870,000.

  West of the Trail Sarasota Sales 2017 2016 Change Percent  
  Homes Sold 136  130  +6  +5%   
  Median Sales Price $870,000  $799,700  +$70,300  +9%   
  Median SP/Sq Ft $341  $358  NA  NA   
  Days on Market 82  87  NA  NA   
  Sales Price/List Price Ratio 95%  96%  NA   NA   

West of the Trail Home Sales - Top Ten 2017

  • 1372 Harbor Dr - Harbor Acres -
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Sarasota Luxury Home Sales rise 38% in 2017!

Sarasota Luxury Home Sales - 2017

Sarasota luxury real estate sales ($1m+) increased a remarkable 38% in 2017 with 585 luxury properties sold compared with 423 in 2016.  Also during the year, the inventory of luxury homes for sale decreased 14% from 668 to 574 homes for sale.  This precipitous rise in sales volume and decrease in inventory caused the months of inventory to decrease 62% to 7.4 months   The outstanding performance in 2017 of the Sarasota luxury home market has to be attributed in part to the sharp rise in the stock market in 2017 and the rise in consumer confidence which is at a 17 year high.  It is interesting to note how the luxury market outperformed the market as a whole in 2017 (+38% vs +3%).

  Sarasota
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Sarasota Residential Prices rise 8% in 2017!

Sarasota Real Estate - 2017 Annual Chart

Sarasota real estate had a positive year in 2017 with total residential sales rising 3% to 11,815.  The inventory of residences for sale declined 5% during the year to 4,328.  The rising sales and declining inventory forced the median sales price to rise 8% to $270,000.   

I believe that this demand for Sarasota homes for sale will continue to be strong into 2018 with a strong economy and a low interest rate environment.  If you are considering making Sarasota your new home, the time to buy is now as future price increases may make your dream home out of reach.

  Sarasota Residential Sales 2017 2016  Change % Change  
  Total Homes & Condos Sold         11,815
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West of the Trail Home Sales even through Nov 2017!

1836 Clematis St, Sarasota

West of the Trail Sarasota homes sales were even through Nov 2017 with 120 home sales compared with 121 for the same period in 2016.  The median sales price is up 6% through Nov 2017 at $835,000.

  West of the Trail Sarasota Sales Nov 2017 Nov 2016 2017 YTD 2016 YTD  
  Homes Sold 16  120  121   
  Median Sales Price $1,057,500  $1,600,000  $835,000  $790,000   
  Median SP/Sq Ft $355  $430  $339  $347   
  Days on Market 39  60  74  87   
  Sales Price/List Price Ratio 95%  97%  95%   96%   

West of the Trail Home Sales - Top Ten

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Sarasota Luxury Home Sales up a staggering 256% in Nov 2017!

Sarasota Luxury Real Estate Sales - Nov 2017

Sarasota luxury real estate sales ($1m+) increased a staggering 256% in Nov 2017 with 84 luxury properties sold compared with 23 in Nov 2016.  Of those 84 sales, 36 were $1M+ closings from the new  Vue condo in Downtown Sarasota.  Without the Vue closings, luxury sales would have totaled 48 which still represents a remarkable 109% increase from Nov 2016. This rise in luxury home sales has to be attributed to the sharp rise in the stock market this year and the rise in consumer confidence which is at a 17 year high.   Year-to-date, the Sarasota luxury market is up 30% while the Sarasota real estate market as a whole is only up 2%.

  Sarasota Luxury Sales ($1m+) Nov 2017
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Sarasota Residential Sales up 5% in Nov 2017!

Sarasota Real Estate Chart - Nov 2017

 

Sarasota residential sales were up 5% in Nov 2017 with 868 homes and condos sold compared with 825 in Nov 2016.  The median sales price of Sarasota homes & condos was up 12% in Nov 2017 at $275,000.  Year-to-date, Sarasota residential sales are up 2%.

  Sarasota Home & Condo Sales Nov 2017 Nov 2016 2017 YTD 2016 YTD  
  Total Homes & Condos Sold 868  825  10,847  10,590   
  Median Sales Price $275,000  $245,000  NA NA  
  Homes & Condos for Sale 4,284  4,356  NA NA  
  Months of Inventory  4.9  5.3  NA NA  
  Sarasota Home Sales                Nov
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West of the Trail Home Sales up 7% through Oct 2017!

1451 Rebecca Ln, Sarasota

West of the Trail Sarasota homes sales are up 7% through Oct 2017 with 112 home sales compared with 105 for the same period in 2016.  The median sales price is up 4% through Oct 2017 at $835,000.  This highly coveted area is doing much better than the Sarasota market as a whole which is only up 2% through Octt 2017.

  West of the Trail Sarasota Sales Oct 2017 Oct 2016 2017 YTD 2016 YTD  
  Homes Sold 112  105   
  Median Sales Price $1,584,000  $1,600,000  $835,000  $800,000   
  Median SP/Sq Ft $420  $430  $337  $346   
  Days on Market 65  60  80  84   
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Sarasota Luxury Residential Sales up 40% in Oct 2017!

1451 Rebecca Ln, Sarasota

Sarasota luxury real estate sales ($1m+) increased 40% in Oct 2017 with 35 luxury properties sold compared with 25 in Sept 2016.  Year-to-date, the Sarasota luxury market is up 16% while the Sarasota market as a whole is only up 2%.

  Sarasota Luxury Sales ($1m+) Octt 2017 Oct 2016 2017 YTD 2016 YTD  
  Luxury Properties Sold 35  25  423  366   
  Median Sales Price $1,550,000  $1,600,000  NA NA  
  Luxury Properties for Sale 541  568  NA NA  
  Months of Inventory 15.5  22.7  NA NA  

Top 10 Sarasota Luxury Sales - 2017

  • 7858 Sanderling Rd - Sanderling
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Sarasota Residential Sales down 1% in Oct 2017!

Sarasota Real Estate Chart - Oct 2017

Sarasota residential sales were down 1% in Oct 2017 with 861 homes and condos sold compared with 867 in Oct 2016.  The median sales price of Sarasota homes & condos was up 13% in Sept 2017 at $260,000.  Year-to-date, Sarasota residential sales are up 2%.

  Sarasota Home & Condo Sales Oct 2017 Oct 2016 2017 YTD 2016 YTD  
  Total Homes & Condos Sold 861  867  9,979  9,765   
  Median Sales Price $260,000  $230,000  NA NA  
  Homes & Condos for Sale 3,976  4,082  NA NA  
  Months of Inventory  4.6  4.7  NA NA  
  Sarasota Home Sales                Oct
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West of the Trail Home Sales up 7% through Sept 2017!

1884 Grove St, Sarasota

West of the Trail Sarasota homes sales are up 7% through Sept 2017 with 103 home sales compared with 96 for the same period in 2016.  The median sales price is up 4% through Sept 2017 at $815,000.  This highly coveted area is doing much better than the Sarasota market as a whole which is only up 2% through Sept 2017.

  West of the Trail Sarasota Sales Sept 2017 Sept 2016 2017 YTD 2016 YTD  
  Homes Sold 10  103  96   
  Median Sales Price $805,000  $772,500  $815,000  $782,500   
  Median SP/Sq Ft $316  $333  $334  $340   
  Days on Market 13  72  82  87   
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