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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 Q2 2022 versus Q2 2021:
The Number of SOLD listings decreased by 20% to 3380 properties with a top sale of $12 million at 3021 BAY SHORE RD in SARASOTA.
The Average Sales Price increased by 12% to $696000 moving the Average Price Per Square Foot up to $371 per square foot.
The inventory of properties available for sale as measured in months supply had no change with to 1 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 5.85% 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
Q2 2021 – $623675
Q2 2022 – $695788
12% up
Average Days On Market
Q2 2021 – 36
Q2 2022 – 15
58% down
Average Sale Price Per Square Foot
Q2 2021 – $296.38
Q2 2022 – $370.76
25% up
Sale to List Price Ratio
Q2 2021 – 100.00%
Q2 2022 – 102.00%
2% up
Number of Sold Listings
Q2 2021 – 4226
Q2 2022 – 3380
20% down
Months Supply of Inventory
Q2 2021 – 1
Q2 2022 – 1
0% no change
Mortgage Rate
Q2 2021 – 3.16%
Q2 2022 – 5.85%
85% up
Top 10 Sales
- $12000000 3021 BAY SHORE RD SARASOTA, MA
- $10500000 1144 SEA GRAPE POINT RD NOKOMIS, MA
- $9750000 401 QUAY COMMONS Unit#PH 1901 SARASOTA, MA
- $9650000 1435 WESTWAY DR SARASOTA, MA
- $9342138 1486 HILLVIEW DR SARASOTA, MA
- $9175000 241 CEDAR PARK CIR SARASOTA, MA
- $8500000 1430 POINT CRISP RD SARASOTA, MA
- $7480000 3139 BAY SHORE RD SARASOTA, MA
- $7040000 454 MEADOW LARK DR SARASOTA, MA
- $7000000 3631 SAN REMO TER SARASOTA, MA
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