Sarasota Real Estate Sales 2012
Real estate property sales in 2012 recorded the fourth highest in history of the Sarasota Association of Realtors®. Quite impressive for a 90 year figure! Sales totaled 9,169.
Yearly Sales Data
- 2003 Sales 9,697
- 2004 Sales 11,267 (current high)
- 2005 Sales 10,562 2006
- Sales 6,358 2008
- Sales 5,820 (bottom)
Since 2008, real estate sales have begun a climb to the current level.
In December 2012, 828 properties sold, an 8.3 percent increase from November 2012 and a large increase of 28 percent over December 2011 when 644 properties sold.
Single family homes sales totaled 606 in December and 222 condo sales were closed. Last year in December 471 single family and 173 condos were sold. Inventory of real estate on the market in Sarasota remains near the lowest level in the last 10 years. Mortgage interest rates remain low as the local and national economies improve which are additional factors in our real estate recovery.
SAR President Roger Piro stated in SAR’s recent press release "The Sarasota housing market has clearly weathered the storm of the Great Recession.”We are so fortunate to live in this area - a beautiful coastal community with every attractive amenity imaginable."
Piro also noted that our peak winter seasonal buying season hasn’t even started.
"Our market is enjoying an amazing resurgence, and the traditional busy season still has several months to go. Last year, our strongest sales months were in March, April and May," said Piro. "We're all hoping for a repeat performance in 2013, and agents are continuing to report steady, strong foot traffic at open houses and multiple offers on many properties."
The Sarasota area on the Gulf Coast of Florida continues to attract buyers of real estate and visitors internationally. Our incredible weather, white sandy beaches, gorgeous coastal real estate are the primary factors of Sarasota’s real estate recovery. In addition, the warm and friendly community offers an array of excellent cultural venues:
- Sarasota Opera House
- Asolo Repertory Theatre
- John & Mable Ringling Museum of Art
- Sarasota Orchestra
- Marie Selby Botanical Gardens
- Van Wezel Performing Arts Hall
- & More
If you would like a complete press release in PDF format with additional pages of statistical charts, please email me.