Sarasota Real Estate Blog

This makes it the 3rd consequtive month that inventory fell in the Sarasota Real Estate market. Since April the market has shrunk from 8135, to 7662 in May, and 7287 for June.   We clearly are seeing the bottom when the inventory is decreasing on a consequtive monthly basis.

June’s number of single family homes for sale in Sarasota Fl were 4117 and 483 sold which is done from May’s 573 homes sold but, up from April’s 463 homes sold.  In Conclussion, this a very solid market and prices have firmed up a bit with the median sales price up 6k to $132k. 

Condos also continue to sell well with 144 selling out of 2262 available. 

Pending contacts are 1635 for single family homes and 389 from condos which are in line from last months numbers thus, indicating that July’s numbers should be in line with June’s , May’s, and April’s. 

If you have any questions regarding the local Sarasot Real estate market you can reach me at 941 320 6687.

Last week after nearly 15 months of looking on all of  Sarasota’s barrier islands, from as far south as Casey Key, Siesta Key and all the way to Anna Maria we findly settled on Longboat Key’s north end.  Our beach house sits in a quite, out of the way neighborhood called Sleepy Lagoon that is home to some of the best beach properties in the world…

The best news is, it sold for $2.1m!  It was listed for $2.995m, and “on market” for 337 days.  The home nextdoor (pic below) sold in April for $2.0m and was “on market for 775 days.

And a 3rd home has a contract pending (pic below)…

The $2.0m  “mark” seems to be the number at which buyers and sellers are agreeing for a “direct beach front home.”  Of course depending on the size and condition of the property will also determine price.

The home pictured below is  an “active listing’” in charming Sleepy Lagoon and is currently on the market for  $2.995m and has been on for over 2 years.  It’s a  much bigger home featuring 3248 sq/ft, a pool and 5 bed rooms plus a detached garage that has all sorts of possibilities.  This home looks like one you’d find in Pottery Barn as the interior boosts a beachy feel kind of look.

I believe that their are currently many more excellent opportunities for “bargains on the beach”  I have intimate knowledge of all 3 islands and would enjoy speaking with you about them.  If you’re interested in what’s available in the Sarasota real estate market please call me, 941 320 6687.

Last week my clients closed on a beautifully and well maintained townhome in Village Walk in Sarasota for $230k.  The home featured 3 bed rooms and 2 baths, over 1600 sq/ft of designer upgrades plus, it featured a heated and private in ground pool over looking the lake. 

People consistently choose Village Walk for its affordability and pleasant community atmosphere. As a result, homes and villas for sale here typically sell faster than elsewhere in the Sarasota real estate  area. If you’ve got your eye on a Village Walk listing, let us help you set up a home showing today.

When inventories start to go down significantly over consequetive months and sales remain steady and strong you can start to determine with reasonable confidence that the Sarasota Real estate market is bottoming.  Looking at our currently inventory for both condos and homes we have fallen to 7662 total units down from 8134 last month and down from 8897 in March a difference of 1235 units. 

May single family homes were over 17 % over April’s from 458, to May’s 579.  Pending sales remain equally as strong with 1587 currently pending. 

Sales over a $1m will in line with April’s 18, May sold 17 with a 8ksq/ft home on Bird Key selling for $4,750 that was listed for $5.5m that had only been on the market 129 days!

The volume still remains strong for the under $500k home with 468 homes sold but, I definitely see signs that the stand-off between luxury sellers and buyers starting to soften …

Please don’t hesitate to call me directly if you are considering buying property in Sarasota even if you think you are a year away to doing so.  Now is the time to start getting educated!  Direct , 941 320 6687.

This has to be the best buy out there for you second home buyers that want a 2/2 bedroom, 1200sq/ft  condo on Lido Beach for under $400k.

Enjoy lovely Gulf Views and Brilliant Sunsets from this Bright, 2BR/2BA, Turnkey Furnished, 5th Floor Condo with electric Storm Shutters on the lanai. Views of Sarasota Skyline and the Bay from the entryway.  DEEDED BEACH ACCESS! Small Pet Friendly! Heated Pool, Jacuzzi, Rec Rm, Sauna, Barbeque, Secure Building, Carport, Extra Storage. Walk to St. Armands Circle to Shop and Dine. Excellent Rental Policy-1 Month Min. 12 Times Per Year.Fully Funded Reserve Fund. Easy to show. Vacant. Sale is subject to lease from October to April. Instant income for new buyer.

This is a great opportunity to purchase a condo at 2001 prices.  If you’d like to know more about what’s available in the Sarasota Real Estate market please contact me directly at, 941 320 6687.