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 October 2022 versus September 2022:
Sarasota
Average Sales Price
September 2022 – $685590
October 2022 – $695030
1% up
Average Days On Market
September 2022 – 30
October 2022 – 36
20% up
Average Sale Price Per Square Foot
September 2022 – $366
October 2022 – $365
0% no change
Sale to List Price Ratio
September 2022 – 98.10%
October 2022 – 97.70%
0% no change
Number of Sold Listings
September 2022 – 614
October 2022 – 660
7% up
Months Supply of Inventory
September 2022 – 4
October 2022 – 3
25% down
Mortgage Rate
September 2022 – 6.73%
October 2022 – 7.20%
7% up
Top 10 Sales
- $11500000 3105 GULF OF MEXICO DR LONGBOAT KEY, MA
- $8200000 2161 GULF OF MEXICO DR Unit#PH3 LONGBOAT KEY, MA
- $5750000 3752 CASEY KEY RD NOKOMIS, MA
- $5445000 8347 MIDNIGHT PASS RD SARASOTA, MA
- $4022500 412 S CASEY KEY NOKOMIS, MA
- $3600000 3550 FAIR OAKS LN LONGBOAT KEY, MA
- $3555000 3423 LA PALOMA AVE SARASOTA, MA
- $3425000 500 S PALM AVE Unit#52 SARASOTA, MA
- $3400000 609 GOLDEN GATE PT Unit#501 SARASOTA, MA
- $3300000 306 GOLDEN GATE PT Unit#4 SARASOTA, MA
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