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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 May 2022 versus April 2022:
The Number of SOLD listings increased by 10% to 1183 properties with a top sale of $12 million at 3021 BAY SHORE RD in SARASOTA.
The Average Sales Price decreased by 3% to $684000 moving the Average Price Per Square Foot up to $374 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 decreased to 5.28% 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
April 2022 – $703784
May 2022 – $684287
3% down
Average Days On Market
April 2022 – 17
May 2022 – 14
18% down
Average Sale Price Per Square Foot
April 2022 – $371
May 2022 – $374
1% up
Sale to List Price Ratio
April 2022 – 100.70%
May 2022 – 100.00%
1% down
Number of Sold Listings
April 2022 – 1074
May 2022 – 1183
10% up
Months Supply of Inventory
April 2022 – 1
May 2022 – 1
0% no change
Mortgage Rate
April 2022 – 5.42%
May 2022 – 5.28%
3% down
Top 10 Sales
- $12000000 3021 BAY SHORE RD SARASOTA, MA
- $9342138 1486 HILLVIEW DR SARASOTA, MA
- $7000000 3631 SAN REMO TER SARASOTA, MA
- $5700000 503 CASEY KEY RD NOKOMIS, MA
- $5500000 166 BRYANT DR SARASOTA, MA
- $5250000 188 GOLDEN GATE POINT Unit#101 SARASOTA, MA
- $4900000 3535 FLAMINGO AVE SARASOTA, MA
- $4700000 2161 GULF OF MEXICO DR Unit#1 LONGBOAT KEY, MA
- $4500000 1630 HARBOR CAY LN LONGBOAT KEY, MA
- $4350000 1534 HARBOR PL SARASOTA, MA
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