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Welcome to The Griffin Real Estate Market Update.
According to Stellar MLS, the marketplace for Sarasota residential properties, here’s what happened in 2021 versus 2020:
The Number of SOLD listings increased by 15% to 13861 properties with a top sale of $16.5 million at 1900 CASEY KEY RD in NOKOMIS.
The Average Sales Price increased by 30% to $594000 moving the Average Price Per Square Foot up to $291 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 50% to 1 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 3.27% 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
2020 – $458180
2021 – $594078
30% up
Average Days On Market
2020 – 78
2021 – 36
54% down
Average Sale Price Per Square Foot
2020 – $227
2021 – $291
28% up
Sale to List Price Ratio
2020 – 97.50%
2021 – 100.00%
3% up
Number of Sold Listings
2020 – 12060
2021 – 13861
15% up
Months Supply of Inventory
2020 – 2
2021 – 1
50% down
Mortgage Rate
2020 – 2.96%
2021 – 3.27%
10% up
Top 10 Sales
- $16500000 1900 CASEY KEY RD NOKOMIS, MA
- $14000000 7712-7711-7660 SANDERLING RD SARASOTA, MA
- $13250000 1452 HILLVIEW DR SARASOTA, MA
- $12000000 4300 HIGEL AVE SARASOTA, MA
- $10060000 171 S WASHINGTON DR SARASOTA, MA
- $9747250 605 S GULFSTREAM AVE Unit#PH18 SARASOTA, MA
- $9250000 1588 N CASEY KEY RD OSPREY, MA
- $8927943 401 QUAY COMMONS Unit#PH1903 SARASOTA, MA
- $8248450 4266 HIGEL AVE SARASOTA, MA
- $8050000 3500 BAYOU LOUISE LN SARASOTA, MA
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