Spring Market Report for Sarasota and her Barrier Islands

Posted by Tamara Berryman on Tuesday, April 24th, 2012 at 2:08pm.

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This is a review of the key market indicators which impact the real estate values on Sarasota’s Barrier Islands including Bird Key, Casey Key, Longboat Key and Siesta Key.   The market specific data has been provided by the Sarasota Board of Realtors’ Multiple Listing Service.  The report analyzes the sold information and tracks significant trends that occurred during the specific periods.  My intention here is to provide information that may show and forecast market trends that are likely to occur in the coming months.  The best way for buyers, sellers and homeowners to make informed decisions about the real estate market is to have the most current and comprehensive information available.  Since our economy and housing market operate cyclically, and after years of declining real estate prices here in Sarasota, Florida and the surrounding areas, it looks like we may be starting to stabilize and make the trek towards an uphill climb now.  Albeit a slow climb, it will be a much welcomed one.  The current sales statistics show that properties on Bird Key, Casey Key, Longboat Key and Siesta Key have increased and seem to be stabilizing somewhat.  Inventory levels are stabilizing and the amount of bank owned properties,although still there may be stabilizing.  Of course, they are not over yet, but getting absorbed into the inventory levels at hand.  

For the most current information call me at 941.954.0900 for assistance.

Tamara Berryman
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