The Sarasota real estate market continues to see investors and bargain hunters grab foreclosures and short sales. According to a press release from the Sarasota Association of Realtors, dated today, inventory is at a six year low and sales are up.
This time last year sales totaled 528 and currently for the same time period sales are up 27 percent to 673 total sales. Members of the Sarasota MLS closed on 472 single family homes and 201 condominiums in February 2011.
There is also more good news for the Sarasota real estate market as pending sales figures are up too. The pending sales are good indications that the Sarasota real estate market's buyer activity is still strong. Possibly we are headed for a more traditional market in Sarasota as there are certainly good indicators.
For an experienced Sarasota real estate agent, contact the John Allen Team at 941-544-6467. We respond promptly.
Monday, March 14, 2011
Sarasota Real Estate Market Update 2011
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