Sarasota Real Estate Market October 2011 Update

The Sarasota Association of Realtors just released property sales for October 2011. The Sarasota real estate market beat last October, with 577 sales this year compared to only 487 sales in October of last year. With the busy winter season approaching and an 18.4 percent increase in October, sales should continue to rise. If sales continue at a nice clip in 2011, they should exceed 2010 sales which “were at the highest level since 2005.”

 

Inventory of available properties for sale in Sarasota, was up a little bit in October to 4,525. Last October available inventory totaled 4,430 available properties for sale.

 

SAR President Michael Bruno noted "There is no doubt that agents are reporting a very active marketplace, with many showings, good foot traffic and high interest in Sarasota properties."

 

Sarasota remains a great place to live, work and play. We expect an outstanding winter season for the Sarasota real estate market. If you would like more information about Sarasota, FL, please contact the John Allen Team directly at 941-544-6467.