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.