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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
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 January 2023 Vs December 2022.
Sarasota
Average Sales Price
December 2022 – $651879
January 2023 – $683838
5% up
Average Days On Market
December 2022 – 43
January 2023 – 44
2% up
Average Sale Price Per Square Foot
December 2022 – $286.42
January 2023 – $329.7
15% up
Sale to List Price Ratio
December 2022 – 97.60%
January 2023 – 97.60%
0% no change
Number of Sold Listings
December 2022 – 495
January 2023 – 376
24% down
Months Supply of Inventory
December 2022 – 4
January 2023 – 5
25% up
Mortgage Rate
December 2022 – 6.74%
January 2023 – 6.42%
5% down
Top 10 Sales
- $6412000 15 N POLK DR SARASOTA, FL
- $6350000 387 S SHORE DR SARASOTA, FL
- $5800000 3360 GULFMEAD DR SARASOTA, FL
- $5750000 411 LYCHEE RD NOKOMIS, FL
- $4500000 4001 CASEY KEY RD NOKOMIS, FL
- $4000000 1567 EASTBROOK DR SARASOTA, FL
- $3500000 5027 SANDY COVE AVE SARASOTA, FL
- $3300000 7910 MIDNIGHT PASS RD SARASOTA, FL
- $3287500 931 GIBBS RD VENICE, FL
- $3200000 1524 PINE BAY DR SARASOTA, FL
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