The 2009 Sarasota real estate market continues to outperform 2008. Last month’s sales of homes and condos were up 84% from November 2008.
Total sales stood at 578 last month, compared to 311 the previous year. However, the median sale price for single-family homes last month was $162,500. That’s down 4% compared to the same period last year.
Condo sales dropped 8% year-to-year, from $195,000 in November 2008 to $178,750 last month.
“We are experiencing a very active real estate market, during the early seasonal months,” said Bill Geller, president of the Sarasota Association of Realtors. “Even during these times of higher unemployment and slower national economic activity, it’s very encouraging to see that the Sarasota area remains an attractive place to purchase a home.”
Contact Robin Roy at rroy@yourobserver.com.
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Home in Shoreland Woods sells for $2.3 million
05/23/13
A home in Shoreland Woods tops all transactions in this week's real estate. The Northern Trust Co., trustee, and Katharine Schindler, trustee, of Naples, sold the home at 3336 Old Oak Drive to Douglas and Sharyn Chapman, of Sarasota, for $2.3 million. -
The Players Club condo sells for $1.1 million
05/22/13
A condominium in The Players Club tops all transactions in this week’s real estate. Mattson Family LLC and Walter and Geraldine Mattson, of Longboat Key, sold the Unit 505 condominium at 1425 Gulf of Mexico Drive to Lori Brochin, trustee, of Atlanta, for $1.1 million. -
Home in Chelsea sells for $1,112,500
05/22/13
A home in Chelsea tops all transactions in this week’s real estate. Arthur and Bonnie Mellor, of Sapphire, N.C., sold their home at 7320 Chelsea Court to Ronald and Susan Keefe, of Prince Edward Island, Canada, for $1,112,500.
