Nov. 3, 2007 - Sarasota Real Estate October Statistics

Sarasota Real Estate Statistics for October 2007

Price Range	Active Listings	Sold October	Current Pending
$50,000 to $250,000	1060	45	109
$251,000 to $350,000	949	35	54
$351,000 to $500,000	880	34	39
$501,000 to $750,000	712	19	36
$751,000 to $1,000,000	395	6	13
$1,001,000 to $2,000,000	500	8	9
$2,001,000 to $3,000,000	206	4	2
$3,001,000 to $10,000,000+	201	4	2
TOTALS	4903	155	264

It's always interesting to compare Sarasota's real estate stats from year to year. In the month of October, of 2005, we started to see more inventory. The months supply jumped from 4.6 in September of 2005 to 6.25 in October of 2005. I remember this period because no one was really sure what was happening. A glitch? I don't think so! A six month supply is considered a "normal" market, so the month of October of 2005 was about as normal as you get, yet we were at the beginning of the downturn. A seller's market was beginning to give way to an astonishing Buyer's market. A year later, in October of 2006, Sarasota had a 30-month supply and now in October of 2007, there is a whopping 31 month supply of inventory. And, this is only the single family residential market.

The Condominium market in Sarasota Florida shows 3207 active listings and only 91 sold for the month of October 2007. That's a 35.25 month's supply of condominiums.

Sarasota Real Estate Statistics for October 2006

Price Range	Active Listings	Sold Oct '06	Month's Supply
$50,000 to $250,000	706	54
$251,000 to $350,000	1319	64
$351,000 to $500,000	1504	45
$501,000 to $750,000	1756	24
$751,000 to $1,000,000	525	10
$1,001,000 to $2,000,000	546	9
$2,001,000 to $3,000,000	167	9
$3,001,000 to $10,000,000+	160	2
TOTALS	6683	219	30.5

Sarasota Real Estate Statistics for October 2005

Price Range	Active Listings	Sold Oct'05	Month's Supply
$50,000 to $250,000	159	79
$251,000 to $350,000	412	100
$351,000 to $500,000	633	100
$501,000 to $750,000	473	60
$751,000 to $1,000,000	299	33
$1,001,000 to $2,000,000	278	25
$2,001,000 to $3,000,000	119	3
$3,001,000 to $10,000,000+	158	5
TOTALS	2531	405	6.25

Let's all go to the Beach and forget our worries!