THE ZARGHAMI REPORT

SARASOTA’S MOST CURRENT AND RELEVANT REAL ESTATE MARKET INFORMATION

Sarasota Keys

Market information for properties and houses for sale on Siesta Key, Lido Key, Bird Key and Longboat Key.

SALES & INVENTORY BY PRICE POINT

TOTAL SALES

Combined

336

Single Family Homes

Condo/Townhome/Villa

242

Quarter to Quarter

Year to Year

AVERAGE SALE PRICE

Combined

$1,609,493

Single Family Homes

$3,040,376

Condo/Townhome/Villa

$1,053,695

Quarter to Quarter

Year to Year

MEDIAN SALE PRICE

Combined

$1,047,500

Single Family Homes

$2,325,000

Condo/Townhome/Villa

$822,500

Quarter to Quarter

Year to Year

INVENTORY

Combined

150

Single Family Homes

Condo/Townhome/Villa

Quarter to Quarter

Year to Year

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.