The Sarasota Real Estate Market recorded a more than 80% increase in sales of existing single-family homes and condominiums in April than were recorded in April 2020, and list-to-contracts periods at record pace.
In this intensely competitive market, it was wonderful to help my buyers secure this exqusite L’Ambiance waterfront condominium for $2,585,000. L’Ambiance is sited on one of the island’s most spectacular locations near the southern most end of the island,
The Sarasota Real Estate Market had 40.2% more existing single-family home and 62.6% more condominium sales in March than were recorded in March 2020. And inventory at the end of March was almost 75% lower than last year.
Congratulations to my client on the sale of this lovely Longboat Key waterfront home in the Bayou neighborhood of Bay Isles – sold for $1,600,000.
With inventory of existing homes and condominiums for sale hitting record lows, sales in The Sarasota Real Estate Market far exceeded last year’s activity.
Sarasota Real Estate Market conditions seen during the last half of 2020 continue into 2021 and are being driven by dramatic demand from buyers fleeing their home states, continued low mortgage rates, and an acute inventory shortage of existing homes.
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