Last year was an historic year for property sales in Sarasota County, but 2014 is shaping up to be record-book worthy as well. The first six months of 2014 posted the second highest number of residential sales in the Association’s 91-year history, averaging nearly 1,000 sales per month at a total of 5,956. June is the fourth month in a row with over 1,000 residential sales topping out at 1,048 sales.
Adding to June’s high number of sales is the increase of the median sales figures for both condos and single family homes. Since 2013, condos and single family homes are equaled and the median sales prices sits at $195,000, which is substantially ahead of last year’s figures and is indicative of a strong rebound for our region’s real estate market.
June is typically when we see a significant slow-down of traffic and in business, but so far this summer that has not been the trend, especially for real estate. Peter Crowley, Sarasota Association of Realtors President states, “We are continuing to see heavy foot traffic at open houses and at brokerages across the county.” Even the decrease in road traffic seems to be minimal and some are even reporting that there seems to be an unusually high number of visitors this summer. According to Peter Crowley, “People want to come to Sarasota, now more than ever.”
With the number of increased showings I am experiencing, and buyers settling into a real “buy” mode, I am confident the remainder of the year will continue to see good results and properties changing hands.
If you are interested in buying or selling property, please contact me for further details.