Monday, May 16, 2016

Sarasota Real Estate Market

Market Summary Sarasota County

For  more Real Estate Market Info.  Contact Qi Li: 941-928-5373 or visit: www.qilihomes.com
March 2016

Numbers from Florida Realtors Association.

Single Family Homes
Median Sale Price  March 2016            $244,000
                               March 2015            $207,750

                               Percent Change       17.4%

As you can see from the above data, prices for Single Family Homes in Sarasota County continue to rise.  The strong 17.4% increase between March 2015 and March 2016 shows continued strength in the local market.

The Median Time to Sale was only 83 days, 6.7% faster than the same time last year.  Median Time to Contract was only 32 days, 27% faster than last year.  What this means is that homes are being sold quickly!

With only 4.7 Months Supply of Inventory, now is a great time to be selling your home in Sarasota County.  Percent of Original Listing Price Received was 95.4% which means Sellers are getting over 95% of what they are asking.

If you are in the market to BUY, contact me.  I know of several outstanding available deals.  The local area is offering some new, highly desirable projects and developments that will be selling quickly so contact me soon!

For instance...

New projects in Downtown Sarasota. Highly sought location close to beaches, dining and entertainment.

New developments east of 75 in the Lakewood Ranch area.  A great community that continues to grow in a green and sustainable way ensuring a high quality of life for residents.

Till next time.

For more Real Estate info contact Qi Li: 941-928-5373 or www.qilihomes.com 

www.qilihomes.com
 

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