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Sarasota Real Estate Market: Sales Reach Highest Level in Six Years

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), March 2011 total property sales in the Sarasota area reached 800, the highest level since September 2005 when sales started to decline. To further prove the forecasted recovery of the Sarasota market, price rose in double digits for both single family homes and condos while pending sales hit 1,208 (the highest level in six years) and inventory dropped to 5,501 (the lowest level in six years).

There was 580 closings on single family homes with a median sales price of $159,250 and 220 closings on condos with a median sales price of $173,000. In terms of sales, this represents respectively a 23% and a 10% increase from last month. 

According to SAR president Michael Bruno, “agents [in Sarasota] are very busy showing properties and writing contracts, and people are excited about our strong market rebound. Obviously, we haven’t seen numbers like these in several years. There is a buzz in the local market that’s reaching out to buyers across the nation and even internationally.”

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

To learn more about real estate opportunities in the Sarasota Florida area, contact us at info@kijner.com

Sarasota Real Estate Market: Sales up in February 2011

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), February 2011 sales in the Sarasota area were up 24.2% from the previous month, the sign of a very healthy real estate market.

Compared to last year, this is a 27% increase from 528 sales in February 2010 to 673 sales in February 2011 (with 472 closings on single family homes and 201 on condos). In addition, median sales prices for single family homes and condos slightly dropped to $137,500 from $138,700 and to $137,500 from $142,500 respectively.  

Last February was also a good month for pending sales with a total of 1,023 properties under contract, a good sign of current buyer activity.  

Finally, there has been a drop in the number of available properties in the Sarasota Real Estate Market last February, reaching its lowest level in the last six years to 5,864. According to SAR President Michael Bruno, this could be good and result in an increase in sales prices.  

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

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83-85 Boulevard de Charonne, 75011 Paris, France


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