Downtown Sarasota Condo Market Update

The downtown Sarasota condo market has been pretty active in 2010. Let's compare 2010 vs 2009 downtown condo sales.

2010 Downtown Sarasota Condo Sales

• 172 sales
• Lowest sales price - $51,000
• Highest sales price - $3,350,000
• Average sales price - $482,594
• Median sales price - $354,000
• Average days to contract - 145

2009 Downtown Sarasota Condo Sales 

• 141 sales
• Lowest sales price - $42,000
• Highest sales price - $3,300,000
• Average sales price - $435,944
• Median sales price - $365,000
• Average days to contract  - 170

It is good to see the volume increase from 2009 to 2010 (172 sales vs 141 sales). The average sales price also increased from 2009 to 2010 while the median sales price decreased a little bit.  Average days to contract also decreased as well. The Sarasota real estate market does not seem to be as sick as other real estate markets around the country.

If you want to buy or sell a property around Sarasota give Marc Rasmussen a call at 941.812.6272.