More Palmer Ranch Statistics

Well, there's always good news and bad news- and they usually come together. The GREAT news that as a whole, the MLS pended sales for last month were 430, a level equal to last January when the market was totally different. That is a great sign of the vibrance of our market. While we are seeing the same level of buyer activity, listings are taking a great deal of time to sell with over 4 times the inventory of last year!

Here are some more comparative stats, and the essence remains the same: While sale prices are up, so are listings. Total sales are down for the year despite recent signs of a healthy resurgence.

These stats are comparative for 1/1 to 4/31 for 2005 vs 2006.

Palmer Ranch Single Family Homes

Total Number of Listings Taken: 2005: 175 2006: 327 Up 87%
Total Number of Sales: 2005: 138 2006: 81 Down 41%
Median Sales Price: 2005: $416,750 2006: $499,900 Up 20%

Palmer Ranch Condominiums

Total Number of Listings Taken: 2005: 146 2006: 259 Up 77% (flippers beware)
Total Number of Sales: 2005:100 2006: 62 Down 38%
Median Sales Price: 2005: $272,775 2006: $282,500 Up 2%

Another Outstanding Siesta Key Property

I just listed a very interesting and historic Ruth Richmond home on Siesta Key. This home was built in 1971, and has been relatively untouched by its original owner. It is a three bedroom, two and a half bathroom home located on a Siesta Key Canal. On over a third of an acre, this home could be torn down, or would be perfect for restoration. Only one bridge separates the owner from the Bay. The property is being offered at $999,000 and for more information, shoot me an email.