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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 February 2023 Vs January 2023
Sarasota
Average Sales Price
January 2023 – $700800
February 2023 – $711036
1% up
Average Days On Market
January 2023 – 45
February 2023 – 45
0% no change
Average Sale Price Per Square Foot
January 2023 – $365
February 2023 – $380
4% up
Sale to List Price Ratio
January 2023 – 97.50%
February 2023 – 97.50%
0% no change
Number of Sold Listings
January 2023 – 519
February 2023 – 598
15% up
Months Supply of Inventory
January 2023 – 5
February 2023 – 4
20% down
Mortgage Rate
January 2023 – 6.42%
February 2023 – 6.64%
3% up
Top 10 Sales
- $6650000 8569 MIDNIGHT PASS RD SARASOTA, FL
- $6350000 1507 BAY POINT DR SARASOTA, FL
- $4695000 675 LONGBOAT CLUB RD Unit#24B LONGBOAT KEY, FL
- $4600000 314 BIRD KEY DR SARASOTA, FL
- $4284000 3496 MISTLETOE LN LONGBOAT KEY, FL
- $3800000 1035 SEASIDE DR Unit#305 SARASOTA, FL
- $3700000 415 L AMBIANCE DR Unit#C303 LONGBOAT KEY, FL
- $3664560 1035 SEASIDE DR Unit#503 SARASOTA, FL
- $3650000 1035 SEASIDE DR Unit#605 SARASOTA, FL
- $3600000 283 CEDAR PARK CIR SARASOTA, FL
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