See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
Welcome to The Griffin Real Estate Market Update.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to Stellar MLS, the marketplace for Sarasota residential properties, here’s what happened in July 2022 versus June 2022:
The Number of SOLD listings decreased by 24% to 823 properties with a top sale of $17.5 million at 1423 & 1435 HILLVIEW DR in SARASOTA.
The Average Sales Price decreased by 2% to $686000 moving the Average Price Per Square Foot down to $358 per square foot.
The inventory of properties available for sale as measured in months supply had no change with to 2 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 5.59% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Sarasota
Average Sales Price
June 2022 – $697512
July 2022 – $686481
2% down
Average Days On Market
June 2022 – 14
July 2022 – 18
29% up
Average Sale Price Per Square Foot
June 2022 – $368
July 2022 – $358
3% down
Sale to List Price Ratio
June 2022 – 100.00%
July 2022 – 99.00%
1% down
Number of Sold Listings
June 2022 – 1086
July 2022 – 823
24% down
Months Supply of Inventory
June 2022 – 2
July 2022 – 2
0% no change
Mortgage Rate
June 2022 – 5.85%
July 2022 – 5.59%
4% down
Top 10 Sales
- $17500000 1423 & 1435 HILLVIEW DR SARASOTA, MA
- $6495000 280 GOLDEN GATE POINT Unit#PH2 SARASOTA, MA
- $6000000 3731 INDIAN BEACH PL SARASOTA, MA
- $5500000 1423 S LAKE SHORE DR SARASOTA, MA
- $5000000 521 CASEY KEY RD NOKOMIS, MA
- $5000000 3222 OLD OAK DR SARASOTA, MA
- $4950000 1500 SHELBURNE LN SARASOTA, MA
- $4750000 229 GARFIELD DR SARASOTA, MA
- $4750000 149 TYLER DR SARASOTA, MA
- $4400000 378 BOB WHITE DR SARASOTA, MA
