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Real estate recovers in August

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  • | 4:46 p.m. September 21, 2011
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Sales volumes and median prices for residential real estate in Florida are up over the year in August.

Statewide, 16,206 existing single-family homes were sold last month, up 15% from last year's August total (14,131). The median price for those sales was $137,500, up 2% from $134,900 last year.

Condo sales increased 17%, from 6,041 units to 7,098. And the median price for those sales increased 12%, from $81,500 to $91,100.

Condo prices surged in Fort Myers, where the median sale price increased from $94,600 to $123,500, a 31% increase. The number of units sold increased as well, from 312 closings to 330, a 6% gain. The median price for home sales increased as well, up 17% to $103,200, but the number of homes sold fell 6% to 1,122 closings.

The Sarasota-Bradenton market saw a 15% increase in existing single-family home sales in August, with 867 homes sold, compared to 755 a year prior. The median sale price for homes sold also increased, up 4% from $150,300 to $155,600. The median price for condos fell 10%, to $123,300, but sales picked up 7%, with 256 units sold.

Sales volumes increased for both residential property types in Tampa-St. Petersburg-Clearwater: home sales were up 15% (2,560 homes sold), and condo sales increased 14% (834 units). But the median sale price fell 8% for single-family homes ($130,000), and was down 6% for condos ($83,000).


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