Here are the Palmer Ranch statistics as a comparison point between the first quarters of 2005 and 2006:
Residential Single Family Homes
Total Listings Taken : 2005- 143, 2006- 257 Up 80%
Total Number of Sales: 2005- 100, 2006-62 Down 38%
Mediam Sales Price: 2005- $415,250 2006- $502,500 Up 21%
Condominiums
Total Listings Taken: 2005- 96, 2006- 205 Up 114%
Total Number of Sales: 2005- 71, 2006- 42 Down 41%
Median Sales Price: 2005- $275,550, 2006 $282,500 Up 3%
Summary: Its a great time to be a buyer as we continue to see inventory accumulate. Its an unbelievable sitaution for buyers as sellers are seriously looking at all offers. In the condo sector, opportunity abounds as modest appreciation rates and improved condos are reselling for a modest investment return.
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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.