Kijner & Sons International Realty is pleased to announce that "[t]he Sarasota real estate market saw sales leap by 22 percent in January 2013, compared to January 2012 – a great start for the new year, and evidence that the 2012 real estate market boom is continuing unabated". 

A total of 466 single family homes and 160 condos with respective median sales prices of $183,800 and $130,000 sold last month.

Pending sales rose to 1,047, the highest level in 9 months while available inventory remained near the lowest level in a decade at 3,846. Currently, only 470 properties listed for sale on the MLS are either short sales or foreclosures. 

According to SAR President, Roger Piro, "[w]e are seeing some sellers returning to the market to take advantage of the spring buying season, so our inventory level has increased slightly (...). The biggest current trend remains the high level of market activity – foot traffic at open houses, competitive bidding for available homes, and tremendous volume of sales".

To read the full January 2013 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.