Since we cover a large area people are always asking, “How are things selling in Sarasota (City) and Venice (City) as well as our area?” Well, here is what is going on in those markets as well as ours.
Sarasota saw a 2.8% increase in the number of homes that sold from January 1st through August 31st this year compared to the same time period last year. Home prices were also on the rise increasing 6.9%.
Condos sales were up 9.1% with the average price increasing 15.8%. This jump was greatly influenced by the condo sales closest to the water and downtown areas where prices have risen dramatically.
Venice saw a 2.3% increase in home sales with the average selling price increasing by almost 7%. Condominiums outpaced homes sales posting a 7.6% increase with the average selling price rising by 4.3%.
Charlotte County homes saw a robust 11.2% increase in sales with the average home selling for almost 8.5% higher than the previous year. Condominium sales increased by 15.6% with the average selling price increasing by almost 5.5%.
The boating communities of Punta Gorda Isles and Burnt Store Isles always are of interest to our readers. Home sales rose in these developments by over 17.7% with the average selling price increasing by 3.4%. Condominium sales were even with last year increasing slightly in price by just under 2%.
And as always if you want to know specifically about your home, feel free to email/call us anytime!
*Sales figures pulled from MLS data.