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Listings Like Realtors®

(Prices and inventory current as of Nov 30, 1999)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

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Real Estate Market Update | Sarasota | February 2022 Vs January 2022

Real Estate Market Update | Sarasota | February 2022 Vs January 2022
March 8, 2022 By: Category: Real Estate Market Update

Real Estate Market Update | Sarasota | February 2022 Vs January 2022

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 February 2022 versus January 2022: 

The Number of SOLD listings decreased by 7% to 783 properties with a top sale of  $10.575 million at 401 QUAY COMMONS Unit#1903 in SARASOTA. 

The Average Sales Price decreased by 7% to $647000 moving the Average Price  Per Square Foot down to $340 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 increased to 4.08% 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
January 2022 – $698220
February 2022 – $646584
7% down

Average Days On Market
January 2022 – 19
February 2022 – 21
11% up

Average Sale Price Per Square Foot
January 2022 – $350
February 2022 – $340
3% down

Sale to List Price Ratio
January 2022 – 100.00%
February 2022 – 101.00%
1% up

Number of Sold Listings
January 2022 – 844
February 2022 – 783
7% down

Months Supply of Inventory
January 2022 – 1
February 2022 – 1
0% no change

Mortgage Rate
January 2022 – 3.71%
February 2022 – 4.08%
10% up

Top 10 Sales

  1. $10575000 401 QUAY COMMONS Unit#1903 SARASOTA, MA
  2. $6650000 483 MEADOW LARK DR SARASOTA, MA
  3. $6250000 345 S POLK DR SARASOTA, MA
  4. $6200000 113 N POLK DR SARASOTA, MA
  5. $5775000 3251 HIGEL AVE SARASOTA, MA
  6. $5200000 6840 MANASOTA KEY RD ENGLEWOOD, MA
  7. $4700000 1605 CARIBBEAN DR SARASOTA, MA
  8. $4400000 35 WATERGATE DR Unit#1505 SARASOTA, MA
  9. $4250000 1300 BENJAMIN FRANKLIN DR Unit#803 SARASOTA, MA
  10. $4100000 5332 SHADOW LAWN DR SARASOTA, MA

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