On April 18th, the Sarasota Association of Realtors released their MLS Statistics for March, 2012.  The report shows that March sales hit a seven-year high and that the median prices for both homes and condos went up in the process.  This is fabulous news for Sarasota real estate.

The Sarasota real estate market saw sales climb to a seven-year high in March 2012, with 831 properties changing hands during the month. Not since September 2005 has the local real estate association seen sales at that level. In addition, pending sales (which represent properties that went under contract during the month) reached the highest level in 12 month, another good indication that the current market surge will continue in the next few months.

Pending

The Sarasota Herald Tribune is reporting this morning that real estate sales for Sarasota, Manatee and Charlotte counties have increased 20% for the first 2 months of the year.  This is fabulous news and further evidence that the Sarasota real estate is in full recovery. 

Real estate sales regionally surged to more than $1 billion during the first two months of 2012, a gain of one-fifth over last year.

Sales totaled $1.05 billion for the year's initial two months in Sarasota, Manatee and Charlotte counties, a 20 percent jump compared with $874 million during the same period of 2011, county records show.

With interest rates still at historic lows, this is a great time to invest in Sarasota real estate.  Please call me at 941-928-8892

On March 15th, the Sarasota Association of Realtors released their MLS Statistics for February, 2012.  The total inventory of both homes and condos was 4,588 compared with 5,864 on February 2011.  Unit sales of both homes and condos were 591 compared with 672 for February of 2011.   For homes,  the median sales price was $167,500 compared to $137,500 a year ago.  For condos, the median sales price was $150,000 compared with $137,500 a year ago.

The rise in the median sales prices of homes (22%) and of condos (9%), together with the decrease (22%) in the inventory available, continues to be great news for the Sarasota real estate market.. The total inventory of 4,588 units is again very close to the 10-year low of 4,408 which

Bird Key Homes for Sale as of March 5, 2012:

• Homes for Sale: 27
• Highest List Price: $5,900,000
• Lowest List Price: $515,000
• Median List Price: $1,299,000

Bird Key Homes Sold in 2012 (through Feb):

• Total Homes Sold: 6
• Highest Sale Price: $3,300,000
• Lowest Sale Price: $505,000
• Median Sale Price:  $1,025,000

Bird Key Homes Sold in 2011 (through Feb):

• Total Homes Sold: 5
• Highest Sale Price: $4,500,000
• Lowest Sale Price: $407,000
• Median Sale Price:  $1,050,000

The Bird Key Real Estate market has remained fairly stable this year with 6 homes sold through Feb compared with 5 last year. The median sale price has remained stable as well only decreasing $25,000 to $1,025,000

Today the Sarasota Association of Realtors released their MLS Statistics for January 2012.  The total inventory of both homes and condos was 4,711 compared with 6,072 on January 2011.  Unit sales of both homes and condos were 513 compared with 537 for January of 2011.   For homes,  the median sales price was $162,000 compared to $138,700 a year ago.  For condos, the median sales price was $180,000 compared with $142,500 a year ago.

The rise in the median sales prices of homes (17%) and of condos (26%) is fabulous news for the Sarasota real estate market.  These rising prices can be attributed to the increase in demand due to stronger consumer confidence in our economy and lower national unemployment. Coupled with the increase

Bird Key Homes for Sale as of June 1, 2011:

• Homes for Sale: 31
• Highest List Price: $9,490,000
• Lowest List Price: $539,000
• Median List Price: $2,095,000
• Distressed Homes for Sale: 2

Bird Key Homes Sold in 2011 (through May):

• Total Homes Sold: 17
• Highest Sale Price: $4,500,000
• Lowest Sale Price: $407,000
• Median Sale Price:  $995,000
• Distressed Homes Sold: 1

Bird Key Homes Sold  in 2010 (through May):

• Total Homes Sold: 14
• Highest Sale Price: $4,200,000
• Lowest Sale Price: $495,000
• Median Sale Price:  $864,000
• Distressed Homes Sold: 2

The Bird Key Real Estate market has improved quite a bit compared to last year with 17 properties sold through May compared with 14 last

Forest at Hi Hat Ranch Sarasota Homes

The Forest at Hi Hat Ranch is a community of 3 to 5 acre country estates located just 5 miles east of I-75 on Clark Rd in Sarasota, Florida.  54 home-sites make up this pristine community in one of Sarasota's most beautiful ranch properties.

Forest at Hi Hat Ranch Sarasota Homes for Sale 4/29/11:

• Homes for Sale: 7
• Highest List Price: $2,499,000
• Lowest List Price: $888,220
• Median List Price: $1,325,000
• Short Sales & Foreclosures for Sale: 0

To view homes currently available in The Forest at Hi Hat Ranch please follow the link: Forest at Hi Hat Ranch Sarasota Homes. There are currently some great values in The Forest at Hi Hat Ranch as prices have been reduced dramatically over the

Emerald Harbor Longboat Key Real Estate

Emerald Harbor Longboat Key Homes for Sale 4/27/11:

• Homes for Sale: 2
• Highest List Price: $1,989,000
• Lowest List Price: $695,000
• Median List Price: $1,342,000
• Short Sales & Foreclosures for Sale: 0

Emerald Harbor Longboat Key Homes under Contract 4/27/11:

• Homes under Contract: 1
• Highest List Price: $875,000
• Lowest List Price: $875,000
• Median List Price: $875,000
• Short Sales & Foreclosures under Contract: 0

Emerald Harbor Longboat Key Homes Sold in 1st Quarter 2011:

• Total Homes Sold: 1
• Highest Sale Price: $675,000
• Lowest Sale Price: $675,000
• Median Sale Price:  $675,000
• Short Sales & Foreclosures Sold: 0

Emerald

Bird Key Real Estate

129 Seagull Ln in Bird Key was just listed for $459,900!  This is 3 bedroom 3 bath home originally built in 1961 is being offered as a short sale.  To see all the details of this home please follow the link: 129 Seagull Ln

To view all the homes currently available in Bird Key please follow this link: Bird Key Real Estate . There are currently some great values in Bird Key as prices have been reduced dramatically over the last few years.  My sales in Bird Key last year included 444 Meadow Lark for $1.6 million & 100 S Warbler Ln for $2.5 million.  If I can help you buy or sell a home in Bird Key or in any other neighborhood in Sarasota, please call me at 941-928-8892.

Emerald Gardens Sarasota Homes

Emerald Gardens Sarasota Homes for Sale on 4/25/11:

• Homes for Sale: 4
• Highest List Price: $299,000
• Lowest List Price: $240,000
• Median List Price: $269,500
• Distressed Homes for Sale: 0

To view homes currently available in Emerald Gardens please follow the link: Emerald Gardens Sarasota Homes for Sale . There are currently some great values in Emerald Gardens as prices have been reduced dramatically over the last few years.  If I can help you buy or sell a home in Emerald Gardens in any other neighborhood in Sarasota, please call me at 941-928-8892.