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Sarasota real estate sales up By: Gulf Coast Business Review November 17, 2011
SARASOTA — The Sarasota real estate market saw 592 closings in October, up 24.6% over the year from 475 in October 2010, according to a report published this week by Michael Moulton.Through the first 10 months of the year, 4,292 homes have been sold in Sarasota, up 4.5% from 2010 sales. The market has seen gains at all price points; even properties priced at $1 million and above have seen increased sales volume in 2011. Condo sales are up as well, but those gains are not evenly spread over various price points. Properties listed for less than $250,000 have seen a 17.1% increase in closings, but condos priced above $500,000 have seen an 11.4% reduction in sales through 10 months.
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