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.