Sarasota Market Shows Signs of Economic Recovery
Looking at the Sarasota MLS stats for September 2013 and 2012, as posted by SARS, it’s great to see the numbers still climbing.
Some of the highlights from the September report include:
“Combined sales of single family homes and condos up 22.5% from September 2012
Pending sales for single family homes up 7% from 491 in 2012 to 525 in 2013
Median home prices in September 2013 increased 21.7%, going from $147,000 in 2012 to $179,000 in 2013. Condominiums also increased 8% – $147,000 in 2012 to $160,000 in 2013.
In September we sat with 4.4 months of available inventory with 831 new listings. Last year, inventory was slightly higher, at 4.8, and only 655 new listings, indicating the reluctance home owners had in selling their properties.
September sales of distressed properties encompass about 23.9% of all sales. But this is much lower then the same time in 2012, when short sales and foreclosures represented 37.1% of all sales.”
Overall, the September stats are very encouraging and are leading us to a year of record sales. More importantly, these numbers demonstrate recovery. After all, nothing signifies a healthy economy like a strong real estate market, where its investors can buy and sell with confidence.
If we can help with the purchase or sale of your Sarasota home, please don’t hesitate to contact Coffey & Company at 941.284.4474 or Toll free 877.308.6311. One of our qualified agents will gladly get back to you.
If you have any questions, or would like to get more information about energy saving features to watch for when buying a Sarasota home, please don’t hesitate to Contact us at 941.284.4474 or Toll free 941.404.4737. One of our qualified agents will gladly get back to you.
