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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 August 2021 versus July 2021:
The Number of SOLD listings decreased by 15% to 919 properties with a top sale of $9.25 million at 1588 N CASEY KEY RD in OSPREY.
The Average Sales Price decreased by 7% to $512000 moving the Average Price Per Square Foot down to $255 per square foot.
The inventory of properties available for sale as measured in months supply had no change with to 2 months worth of properties for sale.
The average 30 year fixed mortgage rate had no change with to 3.04% 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
July 2021 – $552364
August 2021 – $512054
7% down
Average Days On Market
July 2021 – 25
August 2021 – 25
0% no change
Average Sale Price Per Square Foot
July 2021 – $267
August 2021 – $255
4% down
Sale to List Price Ratio
July 2021 – 101.00%
August 2021 – 100.00%
1% down
Number of Sold Listings
July 2021 – 1087
August 2021 – 919
15% down
Months Supply of Inventory
July 2021 – 2
August 2021 – 2
0% no change
Mortgage Rate
July 2021 – 3.04%
August 2021 – 3.04%
0% no change
Top 10 Sales
- $9250000 1588 N CASEY KEY RD OSPREY, MA
- $7000000 316 N CASEY KEY RD OSPREY, MA
- $5250000 161 S POLK DR SARASOTA, MA
- $5025000 530 HARBOR GATE WAY LONGBOAT KEY, MA
- $4950000 640 ROUNTREE DR LONGBOAT KEY, MA
- $4495000 510 HARBOR CAY DR LONGBOAT KEY, MA
- $4150000 453 S POLK DR SARASOTA, MA
- $4000000 7931 MIDNIGHT PASS RD SARASOTA, MA
- $4000000 7949 MIDNIGHT PASS RD SARASOTA, MA
- $3710000 722 SARABAY RD OSPREY, MA
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