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Sarasota real estate market: January 2013 Sales Up 22 Percent Over Last January

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "[t]he Sarasota real estate market saw sales leap by 22 percent in January 2013, compared to January 2012 – a great start for the new year, and evidence that the 2012 real estate market boom is continuing unabated". 

A total of 466 single family homes and 160 condos with respective median sales prices of $183,800 and $130,000 sold last month.

Pending sales rose to 1,047, the highest level in 9 months while available inventory remained near the lowest level in a decade at 3,846. Currently, only 470 properties listed for sale on the MLS are either short sales or foreclosures. 

According to SAR President, Roger Piro, "[w]e are seeing some sellers returning to the market to take advantage of the spring buying season, so our inventory level has increased slightly (...). The biggest current trend remains the high level of market activity – foot traffic at open houses, competitive bidding for available homes, and tremendous volume of sales".

To read the full January 2013 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: October 2012 sales jump 24 percent over last year

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "[m]embers of the Sarasota Association of Realtors® sold 719 properties in October 2012, a robust 24 percent increase over last October's figure of 577 total sales. The sales total was also 10.9 percent higher than in September, when 648 properties changed hands".

A total of 516 single family homes and 193 condos with respective median sales prices of $176,000 and $160,000 sold last month.

Pending sales rose to 954 and available inventory of homes on the market increased to 3,517 compared to last month's 3,460. 

According to SAR President, Laura Benson "(...) the Sarasota real estate market is in full recovery mode, and our members are remaining very busy helping clients buy and sell property (...) This is probably the optimum time to list your home, if you've considered selling during the recent time period. The season is almost upon us, and our winter residents and visitors will begin to arrive soon."

To read the full October 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota real estate market remains hot in August

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "[m]embers of the Sarasota Association of Realtors® sold 819 properties in August 2012, up 36 percent from last August as the hot summer sales market in local real estate showed no signs of cooling off". A total of 587 single family homes and 232 condos with respective median sales prices of $169,945 and $149,000 sold last month.

Pending sales rose to 953, available inventory of homes on the market dropped to 3,504 and 507 properties for sale were either short sales or foreclosures. 

According to SAR President, Laura Benson, "[t]he old adage says all real estate is local, and in Sarasota, we are experiencing a resurgent, vibrant, energized market - the best we've seen since the end of the boom years in 2006 (...) SAR members have been reporting incredible sales numbers, and competition for available properties is high due to the very low inventory. My advice to buyers would be to get off the fence - you might miss out on your dream home."

To read the full August 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: July sales continue hot streak

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "[t]he Sarasota real estate market remained active and strong in July 2012, with 699 closed sales reported by members of the Sarasota Association of Realtors®". 

A total of 523 single family homes and 176 condominiums sold with respective median sales prices of $178,000 and $176,000. Pending sales rosed to 919 and available inventory of homes on the market dropped to 3,644.

According to SAR President, Laura Benson, "[t]he Sarasota real estate market remains a bright spot in Florida and the nation (...). We couldn't have asked for a better second quarter, and of course the amazing numbers were not expected to continue indefinitely. But the fact we haven't seen any big drop off in sales, and we are significantly ahead of last year's pace, is great news for our members."

To read the full July 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: June 2012 Sales in second quarter at highest level since 2005

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "[w]ith 864 closed sales transactions in June 2012, the Sarasota real estate market achieved the highest level of quarterly sales in seven years, with 2,604 sales from April through June".

According to the Sarasota Association of Realtors® (SAR), a total of 603 single family homes and 261 condominiums sold with respective median sales prices of $178,500 and $195,000. Pending sales dropped to 860 and available inventory of homes on the market to 3,816.

According to SAR President, Laura Benson, "Sarasota is clearly the place to be if you work in the real estate industry. Agents [...] are very, very busy trying to keep up as the buyers explore our market for the best deals."

To read the full June 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: April 2012 sales hit a new seven-year high

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), "April 2012 saw yet another seven-year high for monthly sales, hitting 886 total closed transactions (...), the highest number of sales since August 2005 (...) when there were 908 total sales".

A total of 589 single family homes and 297 condominiums sold with respective median sales prices of $175,000 and $191,750. Pending sales remained high at 1,068 and available inventory of homes on the market dropped to 4,283. There was also a continuous decline in short sales and foreclosures to 621 this past month.

According to SAR President, Laura Benson, you need to buy now as "[t]he decline in the available inventory has been remarkable, and competition for homes and condos generally creates upward price pressure (...) Buyers and potential buyers should understand that the current market scenario is clear - if you wait, you will miss out. We're at a decade low for inventory, the mortgage interest rates are at the lowest level since the 1950s, and Sarasota remains the nation's perfect place to relocate."

To read the full April 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: March sales hit seven-year high; median sale prices also up

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), "the Sarasota real estate market saw sales climb to a seven-year high in March 2012, with 831 properties changing hands during the month. Not since September 2005 has the local real estate association seen sales at that level. In addition, pending sales (which represent properties that went under contract during the month) reached the highest level in 12 month, another good indication that the current market surge will continue in the next few months".

Median sale prices for the 596 single family homes and the 235 condos sold were $174,900 and $192,000 respectively. As for pending sales for the month of March, they rose to 1,191 and inventory dropped to 4,463 from February's total of 4,588.

To read the full March 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: Pending sales spike in January 2012; prices also rise

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), pending sales for the month of January 2012 rose 28% from last December, "a strong indicator for a successful 2012 season for real estate agents and firms".

A total of 963 contracts were signed for property transactions of which 723 for single family homes and 240 for condominiums with respective median sales prices of $162,000 and $180,000. "The median sales price rise from last year is very striking, and probably has a lot to do with the lower inventory of available properties and the improved national economic picture," explained SAR President Laura Benson.

As for inventory last January, they stood at 4,711, a 22% drop from last year 6,047 showing that "the law of supply and demand will likely start to take hold in the Sarasota market, pushing asking prices higher". 

To read the full January 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: Property sales up 8.2 percent in 2011

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "for the full year 2011, property sales of members of the Sarasota Association of Realtors® jumped by 8.2 percent to 8,224, achieving the highest level since 2005. The surge in sales was accompanied by stabilization in the median sale prices, which now stand at $155,925 for single family homes and $156,800 for condos over the full year, and have not fluctuated much for the past 12 months." 

Sarasota is a real estate market of choice as shown by the recent numbers with a 7.3% increase in property transactions for the month of December. Combined sales stood at 648 with a median sale price of $160,000 for single family homes and $150,000 for condos. Inventory of available was at 4,567 and pending sale at 694. 

To read the full December 2011 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Sarasota Real Estate Market: November 2011 sales up 12.7 percent over last year

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), "November 2011 property transactions in the Sarasota real estate market totaled 602, up 12.7 percent over last November. The total also exceeded the October 2011 sales figure of 577". This is a clear indication that the Sarasota market has remained strong and stable and is a destination location. "In fact, the Today Show’s real estate report from Barbara Corcoran in late November noted that Sarasota was one of the top recovering markets in the nation. Corcoran said Sarasota is a “beautiful beachfront community” that offers residents and visitors “a sophisticated, urban cultural experience” that is propelling sales and prices in 2011".

As for numbers, the inventory of available properties for sales was at 4,672 last month, slightly higher from October's level of 4,525. As a proof a stabilizing market in the area, median sales prices in November for single family homes rose to $162,000, an 8% rise from the previous month. The year-to-date median sale price was $155,000 for single family homes and $157,250 for condos.
  

To read the full November 2011 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

Displaying blog entries 1-10 of 18

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