Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), "[d]espite a slower November sales month, the hot sales pace for the first 11 months of the year keeps Sarasota County on near-record pace for 2014, with the 10,621 closed sales coming in 364 sales ahead of the 2013 total at this time. With December 2014 sales already topping 500 by mid-month, the final annual total will almost certainly be the second highest ever recorded in the county."
November 2014 sales dropped below 800 in Sarasota County with median sales price of $193,000 for single family homes and $175,000 for condos. Pending sales were at 725 while distressed properties - short sales or foreclosures - dropped to 21.2% of total sales, a sign of a healthy market.
According to SAR President Peter Crowley, "[o]verall, the local real estate market continues to show strength and staying power, despite the November respite (...). The national economic numbers are the strongest in several years, and unemployment continues to drop. Our feeder markets in the northeast are getting healthier every month, and we expect new residents to continue to flock to our region."
To read the full November 2014 SAR Report, please click here.