Florida's Existing Home and Condo Sales Rise in April 2010

By
Real Estate Agent with Paradise Realty of Venice DRE# SL661376

Florida's Existing Home, Condo Sales Rise in April 2010 

ORLANDO, Fla., May 24, 2010 - Sales of existing homes in Florida rose 27 percent in April, which means that sales activity has increased in the year-to-year comparison for 20 months, according to the latest housing data released by Florida Realtors®. Another positive sign: Last month's statewide existing-home median price of $140,100 was 1 percent higher than the statewide median price in April 2009.  

Existing home sales rose 27 percent last month with a total of 16,781 homes sold statewide compared to 13,244 homes sold in April 2009, according to Florida Realtors. Statewide existing home sales last month increased nearly 3 percent over statewide sales activity in March. Meanwhile, April's statewide existing-home median price was 2.3 percent higher than March's statewide existing-home median price of $137,000. It marks the second month in a row that the statewide existing-home median price has increased over the previous month's median. 

"Buyers responding to the federal homebuyer tax credit before it expired helped to boost home sales across Florida," said 2010 Florida Realtors President Wendell Davis, a broker with Watson Realty Corp. in Jacksonville. "And buying conditions remain favorable, with a variety of housing options available in local markets at attractive and affordable prices. Plus, current mortgage interest rates are at historically low levels, which gives buyers more ‘bang' for their buck." 

In Sarasota-Bradenton, Existing Single Family Home sales rose from 760 in April 2009 to 1001 in 2010, a gain of 32%.  The Median Sales Price rose from $155,900 to $163,600, up 5%.

Condominium sales in the Sarasota-Bradenton Metropolitan Sales Area rose 70% from 239  to 406 units. The Median Sales Price rose 5% from $146,500 to $154,100.

DATA PUBLISHED BY FLORIDA REALTORS(R), FORMERLY FLORIDA ASSOCIATION OF REALTORS, AND UNIVERSITY OF FLORIDA BERGSTROM CENTER FOR REAL ESTATE STUDIES

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                   James (Jim) Bath, REALTOR®, SRES®, AHWD®, e-PRO®
Serving The Southwest Coast of Florida
Paradise Realty of Venice
206 Harbor Drive South, Venice, Florida 34285
Mobile: 941-716-0051  
Office: 941-488-1111
Toll Free: 800-330-6720
Blog: http://Jim-In-Paradise.com     
 
 
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Rainer
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Ed Macias
CDPE

Great info. on your area. I work referrals. If you are interested let me know.

May 25, 2010 11:40 AM
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Gary Swanson
RE/MAX Ideal Brokers, Inc.

Jim, it's great to hear that home and condo sales are on the rise in your area.  Let's hope it keeps up and spreads throughout the country.

June 11, 2010 12:55 PM
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Barbara-Jo Roberts Berberi
Palm Harbor Florida Residential Real Estate
Charles Rutenberg Realty

Increased home sales in a good thing - we have been in this state of depressed sales for far too long!

August 10, 2010 05:25 PM
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James Bath

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Additional Information

You never know with what Jim Bath will come up! REALTOR® Jim tends to blend and interweave his 3 Professional Experiences (Professor and Department Chairman at Michigan State University; Residential Remodeler and Handyman in Indiana and Florida; and REALTOR® in Venice, Florida) to create frequent Posts to his Blog at http://Jim-In-Paradise.com. As an Entomologist he loves tiny, small, medium and large animals! His Posts usually try to open one's eyes and mind in sort of an Out-Of-The-Box manner. He is a serious student of Real Estate Marketing and associated technology. So, you never know what you are about to get on a given day. Stay tuned and get involved. He LOVES discussions, that start, of course, with comments and opinions that help to extend his thinking on all subjects. Have Fun!