Category Archives: Lakewood Ranch Real Estate Statistics

Sarasota Real Estate – New Contracts for Week 8 2018

Another bang up week compared to last year. The quarterly results remain high because of new construction closings on a couple of large buildings in Downtown Sarasota during in the final weeks of December.

New real estate contracts for Sarasota and surrounding areas as of February 17, 2018

New real estate contracts for Sarasota and surrounding areas as of February 17, 2018

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Sarasota Real Estate – New Sales Contracts Week 3 2018

Another good week compared to last year. Across all areas tracked, about 15% more new contracts accepted this week compared to last year. The past 4 and 13 week figures for downtown Sarasota are still impacted by closings in the VUE.

New Sales Contracts for Sarasota, Bradenton, and Lakewood Ranch as of Jan 20, 2018

New Sales Contracts for Sarasota, Bradenton, and Lakewood Ranch as of Jan 20, 2018

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PENDING REPORT JUNE 10, 2017

Pending sales (new contracts executed) are the best indication of current demand. The pending report provides a current week, 4-week, and 13-week view of this important statistic across 6 markets by price point range. The biggest difference between pendings and actual sales is timing. The contract or pending date is the date the contract was executed. The contract is not considered a “Sale” until it closes, on average, about 30 days after the contract date. Another difference is that not all pending sales close.

 

Pendings for the week ended June 10, 2017

Pendings (New Contracts) for Lonboat Key, Downtown Sarasota, Lakewood Ranch, and West Bradenton ~ June 10, 2017

Pendings (New Contracts) for Lonboat Key, Downtown Sarasota, Lakewood Ranch, and West Bradenton ~ June 10, 2017

This was another solid week, compared to last year, in nearly every area followed. Bad weather must have sent people shopping, rather than beaching.

The “over a million” price point in downtown continues to grow. For the past 13 weeks, pendings with prices over a million dollars amounted to 20% of the total. Last year, they accounted for only 16% of all pendings. For the past 4 weeks, the top of the market listings has accounted for 27% of all pendings Downtown, compared with only 8% last year.

Next Quarter

If you have your home on the market or are thinking about putting it on the market, it’s always interesting to look ahead at what the next few weeks may bring.  The consensus is that the third quarter is slow, but that’s not the case everywhere.

 

The chart shows last year’s percentage of pending sales by quarter.  There is surprisingly little seasonality in any of the markets, other than Longboat Key.  Even the Longboat Key condo market is not horrible. Last year, 66 condos went to contract in the 3rd quarter, compared to 91 in the 2nd quarter. That works out to about 22 per month in the third quarter, compared to 30 per month in the second quarter.  Next quarter should provide plenty of opportunity for a well- priced listing to find a buyer.