April’s property sales in Sarasota reached their highest point in nearly five years. Pending sales were the highest in four years.
The monthly total of 757 sales were 50% higher than April 2009 and the most since December 2005.
The median sales price for homes in April was $165,000, which was up a modest 3% from a year ago.
Condo sales rose 6%, from $182,750 in April 2009 to $193,975 last month.
“There is a lot of enthusiasm and optimism among local real estate agents that the trend will sustain in the months to come,” said Erick Shumway, Sarasota Association of Realtors president.
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