Sarasota Florida real estate prices dropped steadily in 2008. Today, homes are staying on the market for a longer time due to hesitation among buyers, the total number of active listings and because Sellers continue to over-price their listings.

The below $250,000 market seems to be more or less unaffected by this whole downward trend. The amount of competition that goes with that price range is almost at the same level as it always was. 


The market has settled down which is excellent news for all buyers whether they be first time buyers, investors or second-home buyers. There are many modestly priced homes comparatively speaking. I would suggest looking by price range, using our Free MLS search tool.

The following is a guide to the current real estate prices in the Sarasota area. Properties on or near the water are significantly higher than inland homes. 

These figures are based on the sales reported in the local Sarasota MLS. For an update to this information or any questions you may have about Sarasota prices, please contact me at: gbrey@comcast.net


Sarasota Real Estate Sales Data - June/July 2009:

Residential Median Price:          $160,000


Condo Median Price                  $182,750

Sarasota Homes for Sale:
% of List Price to Sales Price:
House:  92.4  Condo: 92.2

Median Price: is the value that separates the highest half of the sample from the lowest half.


 

Prices of Sarasota houses and Sarasota Real Estate will be affected by any number of factors including the location, square footage, pool and the number of bedrooms to name a few. 

A property on water will be significantly higher in Sarasota. Gulf Front and Inter-residential Sarasota residential homes will start at over $1,000,000. A lot on a canal is currently worth $250,000 and higher. 

Sarasota area condos on one of our beaches will start at around $300,000 depending on the view, beach access, condition of the property and number of bedrooms. This holds true for Siesta Key, Longboat Key, Lido key and Anna Marie Island. 

Rental Income also affects the price of many properties.  

You will also find terrific units in Sarasota within a very short drive to the beaches. As an example, a 2 bedroom 2 bath unit will start at about $125,000. 

Residential single family homes will be priced from $150,000 and up depending on the amenities. New construction is also available in many Sarasota Florida Real Estate areas.