Sarasota Florida Real Estate Statistics-Nov 07

By
Real Estate Agent with RE/MAX Alliance Group 3056963

 

Sarasota Baypoint Park 

Sarasota Real Estate Statistics for November 2007

Price Range

Active Listings

Sold November

Current Pending

$50,000 to $250,000

1108

36

108

$251,000 to $350,000

951

27

64

$351,000 to $500,000

898

21

59

$501,000 to $750,000

706

22

43

$751,000 to $1,000,000

419

7

28

$1,001,000 to $2,000,000

518

7

20

$2,001,000 to $3,000,000

216

2

6

$3,001,000 to $10,000,000+

167

7

1

TOTALS

4983

129

329

It's always interesting to compare Sarasota's real estate stats from year to year and even month to month. In the month of November, of 2005, there were 840 active listings added to the market from the month before. The absorption rate jumped from 4.5 months in October of 2005 to 6.45 in November of 2005. At this point, we were still in a fairly "normal" market, but because Sarasota had been one of the hottest Real Estate markets in the US for about 3 years, real estate agents and economists were pretty much in denial, stating over and over that there was no such thing as a bursting bubble. A year later, in November of 2006, Sarasota had a 19-month supply and now in November of 2007, there is a 21 month supply of inventory. This is actually better than last month where there was a 30 month supply!

In Sarasota, we feel that the trend is changing. Buyers are jumping off the fence and they are buying homes at unheard of pricing. Our high season is upon us. We feel that we will have a strong International clientele this season with the Euro strong against the dollar.

The Condominium market in Sarasota Florida shows 3281 active listings and only 83 sold for the month of November 2007. The absorption rate for condominiums shows a 24 month supply.
Sarasota Real Estate Statistics for November 2006

Price Range

Active Listings

Sold Nov '06

Month's Supply

$50,000 to $250,000

772

80

 

$251,000 to $350,000

1285

53

 

$351,000 to $500,000

1507

54

 

$501,000 to $750,000

1155

25

 

$751,000 to $1,000,000

521

12

 

$1,001,000 to $2,000,000

557

9

 

$2,001,000 to $3,000,000

177

4

 

$3,001,000 to $10,000,000+

156

2

 

TOTALS

6130

239

19

Sarasota Real Estate Statistics for November 2005

Price Range

Active Listings

Sold Oct'05

Month's Supply

$50,000 to $250,000

211

41

 

$251,000 to $350,000

585

78

 

$351,000 to $500,000

863

74

 

$501,000 to $750,000

658

38

 

$751,000 to $1,000,000

396

26

 

$1,001,000 to $2,000,000

341

6

 

$2,001,000 to $3,000,000

145

1

 

$3,001,000 to $10,000,000+

172

0

 

TOTALS

3371

276

6.45

Enjoy the Koi at Marie Selby Botanical Gardens in Sarasota FL......

Koi Pond at Marie Selby Garden
Sarasota MLS          Sarasota Real Estate Website
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Nicki Conway

Sarasota Fl Real Estate
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