The market is hot. The inventory is extremely low. Days on the market are down.
Currently, as of 5-13-2013, there is only “1” home on the market. There are, according to Sarasota Tax Records, 26 Foreclosures on record.
Below is a snapshot of pending values in The Enclave, Villages at Pinetree
With low inventory, there is supply-demand factors. The distressed properties don’t get into the market place fast enough and many are waiting for properties to come on the market. Multiple offers are not common these days.
Here are property averages from sold within the last 6 months:
Here is the snapshot of a Price Trend Chart for 12 mos: