Palmer Ranch has always been an outstanding place to call home in Sarasota. Its county club feel, combined with close proximity to beaches and shopping make it a prime place to live. The Palmer Ranch market continues to show signs of robustness, especially in the single family home arena. So for those who want to know, here are some 2005 Palmer Ranch comparative stats:
Single Family Homes:
March 2005-
New Listings: 60 Sales: 43 Average Sale Price: $475,418 Average List Price: $521,163 Average Days on the Market: 69
September 2005
New Listings: 53 Sales: 31 Average Sale Price: $564,337 Average List Price: $655,656 Average Days on the Market: 74
December 2005
New Listings: 41 Sales: 22 Average Sales Price: $653,789 Average List Price: $602,245 Average Days on the Market: 115
Summary: Although the listing inventory is accumulating, sale prices show strong growth resulting in almost $175,000 in average sale price growth in the last nine months.
Condominiums: (A Different Story)
March 2005
New Listings: 34 Sales: 34 Average Sale Price: $297,933 Average List Price: $284,244 Average Days on the Market: 136
September 2005
New Listings: 46 Sales: 31 Average Sale Price: $281,144 Average List Price: $281,144 Average Days on the Market: 197
December 2005
New Listings: 44 Sales: 17 Average Sale Price: $299,163 Average List Price: $304,595 Average Days on the Market: 86
Summary: What the data shows is a more stagnant condo market but this data is skewed due to over speculated condo projects in the area such as Arielle and the Serenade. There are very nice condos showing consistent stable growth in places like Prestancia and Stoneybrook. Shoot me an email with any questions.
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Up to date and accurate information on the Sarasota Florida real estate market that you can use to your advantage. Provided for you by Drew Russell, REALTOR, GRI 941-993-3739 or by email: drewrussell@michaelsaunders.com.
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- Drew Russell
- Cell Phone : 941-993-3739 Email: drewrussell@michalesaunders.com This is my unbiased take on the state of the Sarasota area real estate market. As an active agent with Michael Saunders and Company and an investor I am deeply involved in our market. The views posted on this page are my opinion and will probably differ from others. My hope is that you will find this forum to be a valuable resource as you consider your level of particpation in this real estate market.