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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 November 2022 Vs October 2022:
Sarasota
Average Sales Price
October 2022 – $688106
November 2022 – $629889
8% down
Average Days On Market
October 2022 – 33
November 2022 – 42
27% up
Average Sale Price Per Square Foot
October 2022 – $358
November 2022 – $330
8% down
Sale to List Price Ratio
October 2022 – 98.10%
November 2022 – 98.40%
0% no change
Number of Sold Listings
October 2022 – 689
November 2022 – 511
26% down
Months Supply of Inventory
October 2022 – 3
November 2022 – 4
33% up
Mortgage Rate
October 2022 – 7.20%
November 2022 – 6.78%
6% down
Top 10 Sales
- $10000000 550 HARBOR POINT RD LONGBOAT KEY, FL
- $7000000 1280 HIDDEN HARBOR WAY SARASOTA, FL
- $5900000 7350 CAPTAIN KIDD AVE SARASOTA, FL
- $5250000 7303 MIDNIGHT PASS RD SARASOTA, FL
- $4550000 675 LONGBOAT CLUB RD Unit#26A LONGBOAT KEY, FL
- $3450000 545 SANCTUARY DR Unit#B604 LONGBOAT KEY, FL
- $3400000 1800 BENJAMIN FRANKLIN DR Unit#PH-A-01 SARASOTA, FL
- $3150000 990 BLVD OF THE ARTS Unit#501 SARASOTA, FL
- $2850000 35 WATERGATE DR Unit#503 SARASOTA, FL
- $2600000 3621 FOUNDERS CLUB DR SARASOTA, F
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