Select Page

THE  ZARGHAMI  REPORT

SARASOTA’S MOST CURRENT AND RELEVANT REAL ESTATE MARKET INFORMATION

Central Sarasota
Market information for properties between Tamiami Trail and I-75.

SALES & INVENTORY BY PRICE POINT

Chart by Visualizer

TOTAL SALES

Combined

1,136

Single Family Homes

686

Condo/Townhome/Villa

450

Quarter to Quarter

Chart by Visualizer

Year to Year

Chart by Visualizer

AVERAGE SALE PRICE

Combined

$432,556

Single Family Homes

$523,635

Condo/Townhome/Villa

$293,710

Quarter to Quarter

Chart by Visualizer

Year to Year

Chart by Visualizer

MEDIAN SALE PRICE

Combined

$385,000

Single Family Homes

$475,000

Condo/Townhome/Villa

$280,000

Quarter to Quarter

Chart by Visualizer

Year to Year

Chart by Visualizer

INVENTORY

Combined

121

Single Family Homes

61

Condo/Townhome/Villa

60

Quarter to Quarter

Chart by Visualizer

Year to Year

Chart by Visualizer

METHODOLOGY

Source: Figures in this report are based on data from the My Florida Regional Multiple Listing Service (MLS).

Closed Sales figures for this quarter are based on reported transactions at the time the report was prepared, shortly after the end of the quarter. This figure may not reflect transactions which closed during the quarter but were not closed out in MLS in a timely manner.

Average Price is the total of all sales volume divided by the number of sales.

Average Price per Square Foot (PPSF) is calculated as the average of all prices per square foot of sold properties.

Median Price is the middle or mid-point price where half of all sales fall below and half fall above this number. The median figure is less skewed by high price point sales than the average figure.

 

Median Price per Square Foot (PPSF) is the middle or midpoint price per square foot of sold properties where half of all prices per square foot fall below and half fall above this number.

Days on Market (DOM) measures the time between when a property was listed and when it went under contract. This figure applies only to properties which were listed and sold through MLS.

Inventory is a count of all properties currently listed for sale in the MLS and is measured within one week after the end of the quarter. It does not include unsold yet unlisted units in new construction communities (shadow inventory).

Months of Supply levels are an estimate of how long it would take to sell all currently listed properties based on the average number of closed sales over the last 6 months. A six month supply of housing is widely considered to be supply-demand equilibrium, with lower inventory levels favoring sellers and higher inventory levels favoring buyers.

Inside ZG Videos

Home Tour Videos

Market Updates

Events

OUR FAVORITE VIDEOS!

The Joy of Video Conferencing

2020 Bloopers!

8 Cool Things From 2020

233 Seagull Lane

OUR AMAZING TEAM OF REAL ESTATE PROFESSIONALS

Angie Moody
Andrew Foltz
Sabrina Bosarge
Sabrina Bosarge
Sabrina Bosarge
Sabrina Bosarge
Sabrina Bosarge