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 South Cocoanut sells for $3.8 million
05/16/13
A home in South Cocoanut tops all transactions in this week's real estate. Samuel and Sacha Rosenfeld, of Sarasota, sold their home at 4315 Mangrove Place to Asepsis LLC for $3.8 million. -
Bay Isles home sells for $4.75 million
05/15/13
The two-year-old home at 560 Harbor Point Road closed today. -
Home in Panther Ridge sells for $1,575,000
05/15/13
A home in Panther Ridge tops all transactions in this week's real estate. Walter and Anita Bavol, of Sarasota, sold their home at 20510 79th Ave. E. to Jack Steenbarger and Susan Benson-Molnar, of Bradenton, for $1,575,000.
