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Sarasota home market recovers

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  • | 5:24 p.m. November 9, 2011
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  • Charlotte–Lee–Collier
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Third-quarter sales of existing single-family homes in Sarasota-Bradenton improved over the year, with 2,563 units sold, a 15% increase from 2010. The median price for sold homes increased as well, up 3% to $157,700.

In Cape Coral-Fort Myers, sales volumes decreased 2%, with 3,349 units sold compared to 3,434 in last year's third quarter. But the median sale price for sold homes went up 17%, from $91,700 to $106,900.

The Tampa-St. Petersburg-Clearwater market saw a 14% increase in home sales, with 7,608 closings in the third quarter. But the median sale price fell 5% to $126,900.

Statewide, third-quarter existing single-family home sales increased 12% to 46,759 closings, while the median sale price was essentially flat at $136,000.

Condo sales increased in every market: up 6% in Sarasota-Bradenton to 747 units; up 7% in Cape Coral-Fort Myers to 1,009 units; and up 9% in Tampa-St. Petersburg-Clearwater to 2,403 units. But while the median price around Collier County increased 14% to $121,700, prices fell in Sarasota and Tampa Bay, down 8% to $123,200 and down 6% to $80,500 respectively.


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