I haven’t posted any new comments in awhile as I have been busy ready to launch the Sarasota Communities new website and working with one of my Canadian clients. I will have the new site packed with buyer and seller resources and up to date Sarasota MLS interface along with other pertinent real estate market news. Please check back at the end of the week for the new site and let me know if you have any suggestions.
In the interim, check out the encouraging news for Sarasota Real Estate release by the Sarasota Association of Realtors and the Florida Association of Realtors:
NEW HOME SALES
Sales of new homes in the U.S. rose in April for the first time in six months, moving up by 3.3 percent, according to a Department of Commerce report. The median price of a new home dropped to $246,100 in April, down 4.2 percent from April 2007
(The following press release was sent to local media on May 23)
Sarasota market hits highest sales figure since June 2007
Home sales in the Sarasota MLS for April 2008 stood at 567 – the highest level in 10 months, and approximately 72 percent higher than the sales in January 2008. In 2008, sales have been progressively stronger month by month, possibly due to the influence of the new property tax portability law adopted in late January. Sales have climbed from 329 in January to 423 in February, then 514 in March.
Bucking the trend of dropping median sales prices for single family homes, April also saw the median sale price rise to $285,000 from $266,750 in March – about a 7 percent increase.
Home sales on upswing in state
Florida Realtors® reported an upswing in existing home and condo sales from March to April 2008, according to FAR’s latest housing statistics. A total of 11,200 existing single-family homes sold statewide in April, a 20 percent increase over March sales activity, while statewide existing condo sales rose 21.6 percent over the same time period.
Sarasota Communities Weblog 