Kijner & Sons International Realty
 is pleased to announce that according to the Sarasota Association of Realtors® (SAR) "[p]roperty sales in Sarasota County for February 2014 maintained a very steady pace, and median sale prices for single family homes and condos also reflected market stability and integrity."

787 properties sold last month, with 32 being short sales and 131 foreclosures, while inventory rose to 5,000 and pending sales remained high. This decrease in short sales "may reflect the growing reluctance of mortgage lenders and banks to negotiate with delinquent property owners as the economy emerges from the great recession and the unemployment picture in Florida and across the nation improves." 

For the 12-months ending in February, median sales prices for single family homes were at $188,000 and for condos at $165,000.

According to SAR President, Peter Crowley, Sarasota County real estate market is steady and 2014 should be a good year, adding that "[v]olatility in real estate isn’t historically a healthy climate, so we don’t really mind the current state of the market. Sales levels are still quite high, and the moderation in median sales prices means the market has found a good equilibrium between buyers and sellers. We hope for the traditional price appreciation that this area normally enjoys as the season progresses.”  

To read the full February 2014 SAR Report, please click here

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