Thursday, April 14, 2011

Sarasota Florida Real Estate Sales Highest in Six Years

Hitting a total of 800 property sales in the Sarasota real estate market for March 2011, Sarasota Florida sales reached their highest level since September 2005. In addition, “prices rose in double digits for both single family homes and condos from the previous month, pending sales were the highest since the real estate boom ended in 2005, and the inventory dropped to 5,501 which was less than a third of the available properties on the market during the boom.”

SAR President Michael Bruno, stated "Sarasota is clearly a recovering market" . "Agents are very busy showing properties and writing contracts, and people are excited about our strong market rebound. Obviously, we haven't seen numbers like these in several years. There is a buzz in the local market that's reaching out to buyers across the nation and even internationally."

Now that the federal homebuyer tax credit initiative is gone, it seems our market continues to provide strong numbers. Last year, the “tax credit drove up spring sales.

Our team at shows Sarasota FL real estate on the Sarasota Florida mainland as well as the barrier island of Siesta Key, Casey Key, Longboat Key and Lido Key. Our real estate specialists know the market and will guide you in your search for a Sarasota home for sale.

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