The Sarasota Florida real estate market continues to improve and is “trending toward normalcy” according to a press release issued by the Sarasota Association of Realtors® for August 2011 sales figures.
Inventory of Sarasota MLS listings for sale has steadily dropped. The sales demand has stabilized which points to a more “normal” Sarasota real estate market.
For the past nine months inventories have been dropping and, in August 2011, “hit a decade-low figure of 4,408.” During the last 10 months, Sarasota property sales have exceeded 500 every month. The Board’s release state that sales hit 700 four times. The median sale price for single family homes and condos in August was $165,000. This was a 23 percent better than the lows of February 2011 when
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The Sarasota area has a full schedule of events and traditions to entice everyone, starting with the Festival of Trees and ending with the New Years Celebrations. Once again, there are a wonderful schedule of Holiday events scheduled here in Sarasota Florida.