Tom Zahn, Broker/Realtor
Thomas J. Zahn
Broker / Associate
Tel ( 941 ) 685-9018
Office ( 941 ) 349-3460
Tom@TomZahn.com

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SARASOTA REAL ESTATE MARKET ACTIVITY
VIP Market Update — 4th Qtr 2011 ( October 1 - December 31, 2011)
Information is Power ... To Make the Right Decisions at the Right Time

Market Commentary — Lakewood Ranch continues to lead the way in this area in in "bounce back" in both condos and single family homes. Although the 4th quarter activity slowed a bit, the % sold vs. not sold continues to reflect a strong shift to a Seller's market.

The same could be said for the 4th quarter activity for mainland homes (the bulk of properties reported) and condos which is reflecting "stronger demand" and a reduced rate in the decline of the median price (although still off 3%-5% from a year ago). This activity bears watching as there still hasn't been a solid trend established and we all know that 1 or 2 quarters does not a market make.

Give me a call if you want to discuss "Your" specific neighborhood.

( All activity is in units except Selling Price which is in $000 )

 Sold
4th
Qtr
2011		Sold
4th
Qtr
2010		%
Chg
4th Qtr
11/10		%
Sold
vs.
Not
Sold		Total
Sold
2011		 Total
Sold
2010		 %
Chg
11/ 10 		Median
SP
4th Qtr
2011
($000)		 Median
SP
4th Qtr
2010
($000)		DOM
to
Contract
Avail
on
Market
SIESTA KEY (34242)
SF-W 15 16 -6% 67% 84 73 +15% $425 $385 205 56
SF-OW 19 13 ++ 85% 65 61 +7% $700 $616 355 99
Condos 76 63 +21% 62% 303 269 +13% $320 $400 195 306
LONGBOAT KEY (34228)
SF-W 11 9 +22% 58% 61 44 +39% $975 $703 193 111
SF-OW 7 5 ++ 52% 33 30 +1% $675 $400 310 43
Condos 70 67 +4% 69% 334 258 +29% $391 $405 191 350
THE MAINLAND (includes Lido & Bird Keys)
SF-W 26 18 ++ 65% 110 89 +24% $890 $1313 237 131
SF-OW 747 665 +12% 81% 3148 2887 +9% $155 $160 121 1361
Condos 420 385 +9% 78% 1879 1681 +12% $115 $120 130 953
LAKEWOOD RANCH (34202)
SF 112 102 +10% 79% 478 481 -1% $327 $347 109 212
Condos 32 32 -- 84% 145 156 -7% $162 $75(?) 141 59

SF-W = Single Family Homes - Waterfront(located on the Gulf front, Bay front, Canal, or Bayou boating water)
SF-OW = Single Family Homes - Off Water
Sold= The actual number of units “closed” during the identified Quarter or Year-to-Date (YTD)
% Sold vs Not Sold = Indicates a Buyers or Sellers Market (properties sold in the quarter vs. those properties that have expired or that have been withdrawn from the market and not selling in the quarter)
SP = Median Selling Price (in 000's)
DOM = Average Days on Market from Listing Date until there is an accepted Contract
Avail on Market = Current Inventory of Properties available for Sale