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