Real Estate in Sarasota, Bradenton, Lakewood Ranch
Diane Christner
941-877-6852941-877-6852

Sarasota/Manatee real estate market on track to break all-time sales record in 2015

As the title states, our local Sarasota/Manatee association of Realtors has announced that sales are on track to set a new record for 2015.  The final statistics will be out soon.

 

A total of 19,389 properties were sold in 2014, sales numbers for 2015 reached 19,020 by the end of November.  That means the association needed to close just 370 sales in December to break the record.

 

With the increase in the demand for homes in our area, the inventory of available homes and condos remains low and median sales prices continue to increase.

 

Another contributing factor to the increasing sales prices is the drop in distressed properties for sale in our area.  Foreclosures and short sale s are down 55% from the same time last year for single family homes, down almost 38% for condos.  Distressed sales now account for less than 12% of all sales in our area.  At one point in 2008 distressed sales made up almost 50% of all real estate sales in our area.

 

Rental rates in our area are also on the rise and the inventory of available rentals, especially in the more popular school districts, is low.

 

So if you are sitting on the sidelines, debating about when to buy a home, consider this statistic provided by best selling author David Bach, author of the book Pay Yourself First:  “The average homeowner is worth 35 times more than the average renter.”

 

 

 

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About Diane Christner

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Diane Christner

REALTOR, GRI, SFR, CNE

dianemc21@aol.com

941-877-6852941-877-6852 main

Bright Realty

5218 Station Way Sarasota, FL 34233

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