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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 2022 vs 2021
Sarasota
Average Sales Price
2021 – $593893
2022 – $676903
14% up
Average Days On Market
2021 – 35
2022 – 22
37% down
Average Sale Price Per Square Foot
2021 – $291
2022 – $356
22% up
Sale to List Price Ratio
2021 – 100.00%
2022 – 100.00%
0% no change
Number of Sold Listings
2021 – 14157
2022 – 10548
25% down
Months Supply of Inventory
2021 – 1
2022 – 4
300% up
Mortgage Rate
2021 – 3.27%
2022 – 6.74%
106% up
Top 10 Sales
- $17500000 1423 & 1435 HILLVIEW DR SARASOTA, FL
- $15500000 1309 VISTA DR SARASOTA, FL
- $12000000 3021 BAY SHORE RD SARASOTA, FL
- $11500000 1313 WESTWAY DR SARASOTA, FL
- $11500000 3105 GULF OF MEXICO DR LONGBOAT KEY, FL
- $10575000 401 QUAY COMMONS Unit#1903 SARASOTA, FL
- $10500000 1144 SEA GRAPE POINT RD NOKOMIS, FL
- $10000000 550 HARBOR POINT RD LONGBOAT KEY, FL
- $9750000 401 QUAY COMMONS Unit#PH 1901 SARASOTA, FL
- $9700000 605 S GULFSTREAM AVE Unit#12 SARASOTA, FL
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