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Old 08-18-2010, 08:52 AM
 
192 posts, read 473,955 times
Reputation: 97

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Here's some interesting information on the Sarasota Real Estate Market for July. I know there are many people who come to this forum because they're interested in buying a home in the area. I hope this will help to get a handle on where things stand. It has for me! Can't argue with the numbers.

Jul-10 Quick Facts:
  • The median price of existing single-family homes decreased to $158,600 -14.7% vs Jun-10
  • Existing single-family home sales decreased -37.0% from Jun-10 for a Jul-10 total of 346
  • Condos decreased in price to $166,000 down -7.2% vs Jun-10
  • Existing condo sales decreased -22.7% in Jul-10 over Jun-10 for a total of 174
more info:

Housing Trends Sarasota and Sarasota Real Estate Market Update
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Old 08-18-2010, 10:47 AM
 
Location: Sarasota, FL
1,642 posts, read 3,135,220 times
Reputation: 812
For the time being, I am not considering stats at all. I think the Obama credit coupled with the number of foreclosures have skewed these traditionally-reliable numbers pretty dramatically, and I think we all need to wait and see exactly how all of that particular dust settles before we rush to any conclusions.

I mean, for instance, Zillow is showing my property in Baltimore as having appreciated considerably, and that's just plain wrong (as Zillow invariably is). Naturally, the city's assessment is laughably high, and naturally, I could find plenty of people who could tell me the property has only half the value reported.

Point is, the rules and guidelines are changing, and I for one wouldn't put much stock in stats for the time being.

I would have said this regardless of what the numbers looked like.
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Old 08-18-2010, 11:48 AM
 
192 posts, read 473,955 times
Reputation: 97
Well, I guess some people CAN argue with numbers!
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