Sarasota Real Estate Market

The latest reports for the Sarasota Real Estate Market showed 1,328 properties sold for just over $817 Million during March. Both single family home and condo sales year-over-year decreased double digits in Sarasota County which covers the North Port, Sarasota, and Bradenton areas.

Overall, 57 percent of transactions were cash sales. If you find yourself in a multiple bid situation, in most cases the seller will consider a cash offer a stronger offer than one with financing.

On another note, even though inventory remains historically low, 1,637 new properties hit the market during the month. The median days to contract for both single family homes and condos fell to 5 days. The challenge is demand remained strong and new properties hitting the market are snapped up quickly and often with multiple offers. As long as demand remains high and supply low, prices will continue to rise.

Sarasota Real Estate Market Update – Single Family Homes

March 2022 versus March 2021 Single Family Home Highlights:

Closed sales decreased 26.5 percent going from 1,169 transactions down to 859 sales.
Pending sales decreased 24.9 percent down from 1,098 last March versus 825 this March.
Inventory fell 27.3 percent down to 1,675 properties for sale compared to this same time last year when 1,218 homes were for sale.
New listings increased from 1,075 up to 1,105 which was a 2.8 percent increase.
Median days on market fell to 5 days which was a 61.5 percent decrease versus March of 2021.
Available inventory of single family homes ended March with less than 1 months’ supply of homes available for sale which was the same level as this time last year.

Single family home prices showed a significant increases in the median sales price, up 28.4 percent for March of this year compared to last year at the same time. Even though industry experts continue to say growth will slow, we have yet to see that reflected in the actual local market data.

With the low supply and high demand. seller’s continue to have the advantage in the sales process. Yet, this market will not last forever. If you are considering selling, contact us today for a complimentary market analysis. Call, email or text us today – 239.370.0892.

If you are considering buying a property, patience and persistence is the key to finding the right home. New listings are hitting the market every day, we can help you with automatic property alerts.

Sarasota Real Estate Market Update – Condos and Townhomes

March 2022 versus March 2021 Condo Highlights:

Condo sales decreased 36.4 percent going from 738 real estate transactions down to 469 sales.
Pending sales decreased 30.5 percent down from 1,106 last March to 896 this March.
Inventory decreased 43.0 percent down to 272 condos for sale compared to last March when there were 477 units for sale.
New listings decreased from 563 down to 532 which was a 5.5 percent decrease.
Median days to contract fell to 5 days which represented an 76.2 percent decrease versus March of 2021.
Available inventory of condos ended March with less than 0.6 months’ supply of properties available for sale which was a 45.5 percent decline.

Between closed sales and pending sales, inventory remains very low. As a result, the median sales price for condos rose 27.7 percent. As long as inventory remains low, prices will continue to rise. And, unlike single family homes, the condominium market saw a slight decline in new listings.

Bottom line, it remains a seller’s market for both condos and single family homes. So now would be a great time to cash in on the high buyer demand. You might be surprised to learn how much your home is worth in today’s market. What is my home worth…

Whether you are buying or selling we have real estate specialists who cover the Gulf Coast from Sarasota to naples, so if you’re considering moving to the area, contact us for more information.

Sarasota Real Estate Market Reports

NEW! – Naples Golf Guy Monthly Report

Sarasota County Real Estate Statistics March 2022

Sarasota County Real Estate Statistics Condos March 2022

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

So, if you’re ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate.

There are more than 150 different golf communities in our area and most of them have a private golf course within the community. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations via paperless transactions for your property from offer to close!

Should I use a Realtor if I’m buying New Construction?

Time to Sell Your Home?

It is a seller’s market so why should you work with a realtor? Do you have the time? There are over 180 actions required to successfully complete a real estate transaction. From scheduling showings, contract negotiations, organizing inspectors, attorneys, title companies and a mountain of paperwork.

With almost 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we’re helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

As an experienced real estate team, we have made a career out of helping people sell homes in premier golf communities. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Results You Can Count On

The Naples Golf Guy Team is committed to extraordinary customer service with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.