Kijner & Sons International Realty is pleased to announce that according to the Realtor® Association of Sarasota and Manatee, "[t]he residential real estate market in May 2015 for both Sarasota and Manatee counties continued to produce near-record sales, pointing toward another potential record-breaking year in 2015."
Sales levels were at an historical high in both Sarasota and Manatee counties. As an example, 1,182 properties sold last May in Sarasota county with median sales price up 20% for both single homes and condos - single family homes selling for $230,000 and condos for $210,000. Pending sales dropped to 949 while distressed sales, short sales and foreclosures rose to 15.9% of the total Sarasota county sales.
According to Stafford Starcher, the RASM President, "[o]nce again, the market statistics are clearly showing the strength and vitality of Sarasota and Manatee counties (...). We are living in a golden era for local real estate, and the future continues to look bright."
To read the full May 2015 Report, please click here.