Property sales in Sarasota County for February 2014 maintained a very steady pace, and median sale prices for single family homes and condos also reflected market stability and integrity. Single family prices in Sarasota County have been remarkably even for the past 12 months, while condo prices have seen somewhat more volatility.
February 2014 closed sales of 787 were down slightly (2.4 percent) from last February, when they were at 807, but up slightly from January 2014 (767).
The other notable market statistic was the recent marked decrease in short sales in Sarasota County. Only 32 of the total 787 sales in February 2014 were short sales, compared to 98 in February 2013. Short sales have been trending lower in Sarasota County since August 2013, and saw a significant drop off beginning in January 2014, when only 27 sales were short sales in Sarasota county. In June 2010,
at the low point of the market, short sales accounted for almost 200 of
the 933 total sales, and foreclosure sales represented another 207.
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For Immediate Release Sarasota Association of Realtors®
March 20 2014
Author:Kathy Toonder Phone: 941-544-7270 Dated: March 25th 2014 Views: 2,128 About Kathy: I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s...
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