Sarasota Real Estate Market Update

Pending Sales Remain High as April 2007 Sales Dip

From the Sarasota MLS statistics, real estate sales for April 2007 looked a lot like April of last year. A total of 363 homes and 179 condominiums were sold, compared to 353 homes and 192 condominiums in the previous year. Overall both homes and condos sales in Sarasota were 542 in April compared to 545 sales in 2006.

Year to date sales this year were up more than 14 percent over last year which continue to show recovery in the Sarasota market. SAR President Joe Hembree, said "typically, a recovery in the real estate market begins with stabilization, followed by a return to a normal rate of sales and property appreciation" The Sarasota market seems to be leading the state of Florida to a recovery.

Pending sales in 2007 reported: in January 383, in February 565, 705 pending sales in March. April 2007's pending sales of 609 were off from March but higher than recent months.

Annette Smith provides the highest of internet exposure with multiple websites and a creative marketing strategy for the changing Sarasota real estate market. Email Annette with your questions or to ask for a buying or listing appointment.