In a sign of a more active real-estate market, the number of for-sale properties in Sarasota hit its lowest point in six years in February.
With fewer than 5,900 properties currently on the market, the Sarasota Association of Realtors foresees the possibility that prices could rise soon.
“Traditionally and historically, fewer properties on the real estate market usually causes price appreciation,” said Michael Bruno, SAR president. “It’s simply a matter of supply and demand.”
In other positive news, the number of sales last month jumped 24% from January.
The 673 total sales in February were also up 27% from the same period last year.
Median sale prices continued to drop, however, as buyers continued to seek bargains in foreclosures and short sales, which represented 47% of all sales last month.
Month-to-month, the median price for single-family homes fell from $138,700 to $137,500. The median price for condos dropped from $142,500 also to $137,500.
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Sarasota resident Sol Carson celebrated his 100th birthday Aug. 15, at the Jewish Family and Children’s Services of Sarasota Inc. The birthday party included cake, singing and family. Carson, a South Philadelphia native, lives in Sarasota with his son, Charles.
The St. Boniface Youth Group held an ice cream social for families Sunday, Aug. 17, in Siesta Key Village.
Calling all four-legged models! The Humane Society of Sarasota County will be accepting entries for its 3rd annual “The Real HousePets of Sarasota County” Pet Calendar and Photo Contest.