Can I buy a single family home in Sarasota for $150,000?

    If $150,000 is your price point for a single family home and you’ve got your heart set on the City of Sarasota, today, so sorry, there’s nada on the market. You can however find one for $152,900 in North Port in Sarasota County. There are 3 homes currently on the market; the lowest at $152,900, the next at $153,900 and the other at $154,900. I searched $150-$155,000 to give us these 3! The average days on market for these homes is 95. The average size is 1,313 square feet and the Listing Price per square foot averages at $118.95.

    18 homes are in pending status waiting to close. Traditionally 10% or so fall out. The average home is 1,160 square feet or $136.18 per square foot. The average days on market from listing to going under contract in Sarasota in this price range is 31!!! You see it, you like you, you need to make an offer is what this tells me.

    74 properties have sold over the past 6 months in this price range. We’ve got some more data to digest when it comes to what actually sold. The average size of the homes is 1,321 square feet and they’re generally 3 bedrooms and 2 bathrooms. The average listed price is $159,230 or $125.17 per square foot. The closed price drops to $152,476 or $120.28 per square foot. That’s 97% of listing price vs sales price or a 3% discount off the top. That’s average because one home sold 19% over it’s asking price while one closed at only 55% of asking – yikes! The days on market were 56 from time of listing to closing.

    We may see an uptick in North Port due to the Braves spring training camp moving in. Regardless of your price point, we have the information you need to make informed decisions. You’re smart. Now, you’re even more informed! Let us know if you have any questions or would like us to email you statistics and/or opinions of any area. We’re standing by.

    TeamWorks Out!


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