Sarasota Real Estate News

Sarasota Real Estate News March 6, 2019: Real Estate Statistics

March 6th, 2019 1:49 PM by Linda Holley

Want to know what people are buying today in Sarasota, Florida?  Statistics for "Pending" home sales (homes that just came under contract March 1-5, 2019):    

All companies: Total 115 newly negotiated contracts in past five days.  Averages:  84 days on market, sq. feet 1,636, list price $356,000.

Homes listed by Michael Saunders & Co. that came under contract the past five days:  Averages: 52 days on market, sq. ft. 1,753, list price $402,000.  Note: these listings were on the market 32 days less than the average in Sarasota, indicating that they were correctly priced.

Contracts for Downtown Condos: Averages: 129 days on market, 1,684 sq. ft, list price $687,000.

Contracts for Villas:  All areas, Averages: 79 days on market, 1,571 sq ft, list price $279,000.

Note that we do not know the negotiated sales price today, what is shown in MLS is only the current list price at time of contract.  Negotiated sales price is confidential until closing; after that, it becomes public record.

Top Selling Areas (Location/Location): 

                Condos:  Siesta Key, Downtown, Gulf Gate, Palmer Ranch.

                Single Family Homes:  Gulf Gate, University Town Center Mall area.

   Villas:  All areas.

Harbor Towers - see photos below.

5855 Midnight Pass Road, Siesta Key, Florida 34242

Two condominiums came under contract March 1-5th, average list price $367,000 for a one- and a two-bedroom units. 

Team Dunn has two Harbor Towers listings today.  1 BR (Unit 624)  $328,900; and 2BR 2BA(Unit 217)  $375,000--note recent price reduction and room for washer/dryer.  Boat slips available first come, first serve.  Fishing pier and gazebo on the Intracoastal Waterway, large party room, outdoor grills, 2 pools, tennis courts, extra storage, new fitness center, rental office on-site, 24-hour security, on-site laundry facilities on each floor.  Minimum 2- week rentals.  Owners may have small pets.  

Call Linda Holley, Realtor, GRI, Michael Saunders & Co., for more info on Sarasota home sales and Harbor Towers.  941-914-4914.

Harbor Towers Marina on Siesta Key Beach, FL


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