1. T
July 2013 Sales Up 30.3 Percent Over Last Year
The Sarasota real estate market continued an amazing
streak in July, with members of the Sarasota Association
of Realtors® closing 911 sales during the month – a 30.3
percent increase over July 2012, and 3.2 percent higher than
the June 2013 total. The first seven months of 2013 are still
tracking to make the overall year one of the biggest in SAR’s
history.
The other major news of the month was the major
rebound in the median sale price for single family homes.
The price went from $200,000 in June 2013 to $227,500
in July 2013, a 13.75 percent increase. For the 12-month
rolling median price, the single family home figure was at
$195,000, a 16 percent increase over last year at this time
when the rolling median price was at $168,500. If current
trend levels continue, this will be the biggest year-to-year
increase for single family home prices in four years.
“With sales up dramatically and prices also trending
upward, the popularity and strength of the Sarasota market
is unquestionable,” said SAR President Roger Piro. “The
quality of the properties on the market, plus our overall
attraction to both domestic and foreign buyers, has made
this one of the best years on record to this point.”
The condo market put a slight damper on the news, as
prices dropped from $192,500 to $162,900 from June to
July 2013 – a 15.6 percent drop. Condo prices have been up
and down throughout the year, hitting a low of $130,000 in
January and a high of $194,500 in May.
An increase in condo sales below $100,000 in July,
coupled with a decrease in sales of properties over a million
dollars, caused the statistical lull. The 12-month rolling
median was at $170,000 for condos, 2 percent higher than
last year at this time when the figure was at $167,000.
The inventory rose slightly in July to 3,152, a mere
1 percent higher than June’s figure of 3,114, which was
the lowest level in longer than a decade. July’s inventory
represents a 13 percent drop from last year at this time.
Declining inventory generally results in greater competition
for available homes and condos and subsequent price
escalation.
Pending sales stood at 909 in July 2013, down about 10
percent from the 1,024 figure in June 2013 and slightly
lower than last July’s total of 919. Pending sales represents
properties that went under contract during the month, and
indicates sales in August and beyond could also be at near
record high levels.
“The fact that we saw sales 30 percent higher this July
than last July seems to be the biggest news this summer
in local real estate,” said Piro. “Most agents are clearly not
taking the summer off and vacationing, because the buyers
are here and they are anxious to buy in this area. This is a
positive, historic time, and the moderate rise in single family
home prices coupled with the fluctuating condo market
prices indicates we are not seeing a new bubble. This is just a
genuinely popular place to live and invest in real estate.”
The July 2013 months of inventory stood at 3.1 months
for single family and 4.6 months for condos, with both
property categories very near the lowest level in the past
decade (achieved in May 2013 – 3.0 and 3.9, respectively).
Months of inventory represents the time it would take to
deplete the current inventory at the current sales rate. Last
July there were 4.5 months of inventory for single family
homes and 7.5 months of inventory for condos.
Currently, 364 properties listed for sale in the MLS are
short sales or foreclosures, down from last month’s figure
of 379. This represents 11.5 percent of available properties,
down from last month’s figure of 12.2 percent.
Sales of distressed properties represented about 24.9
percent of the overall sales in July 2013, up slightly from
the June figure of 23 percent, but much lower than the 51
percent figure experienced in the fourth quarter of 2010. For
single family homes, 25.8 percent of sales were distressed last
month, and for condos, 22.3 percent were distressed.
“Last year we saw the market continue to show strength
through the end of the year, so I’m hoping for the same in
2013,” said Piro.
“The fact that we saw sales 30
percent higher this July than last
July seems to be the biggest news
this summer in local real estate.”
- SAR President Roger Piro
www.sarasotarealtors.com Sarasota Realtor® Magazine SEPTEMBER 2013 15

2. Sarasota MLSSM
Statistics - July 2013
Statistics were compiled on properties listed in the MLS by members of the Sarasota Association of Realtors® as of August 10th, 2013,
including some listings in Manatee, Englewood, Venice, and other areas. Single-family statistics are tabulated using property styles of
single-family and villa. Condo statistics include condo, co-op, and townhouse.
Single Family – Sale Price Vs. List Price % Rates
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2012 95.4 94.2 94.6 94.7 95.1 95.2 94.2 95.3 95.2 95.4 95.6 95.3
2013 96.2 96.4 96.8 96.4 97.1 96.4 96.8 - - - - -
Single Family
#Active #Sold %Sold
Average
DOM
Median
Sale Prices
Median Last
12 Months
Months
Inventory
Pending
Reported
%Pending
# New
Listings
# Off
Market
This
Month
2,104 682 32.4 131 $227,500 $195,000 3.1 687 32.6 785 141
This
Month
Last Year
2,329 523 22.5 167 $178,000 $168,500 4.5 703 30.2 683 146
Last
Month
2,085 642 30.8 131 $200,000 $190,000 3.2 759 36.4 771 161
YTD ‐ 4,458 ‐ 140 $210,000 ‐ ‐ 5,521 ‐ 5,805 ‐
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Single Family
Condo
Median Sale Price
Source: Sarasota Association of Realtors®
0
100
200
300
400
500
600
700
800
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Unit Sales Single Family
Condo
16 SEPTEMBER 2013 Sarasota Realtor® Magazine www.sarasotarealtors.com

3. Sarasota MLSSM
Statistics - July 2013
Median sales price is the middle value, where half of the homes sold for more, and half sold for less. Listings sold were closed
transactions during the month. Pending sales are sales where an offer has been accepted during the month, but the sale has not yet
closed. Even though some pending sales never close, pending sales are an indicator of current buyer activity. DOM indicates the average
number of days that sold properties were on the market before a contract was executed.
Condo
#Active #Sold %Sold
Average
DOM
Median Sale
Prices
Median Last
12 Months
Months of
Inventory
Pending
Reported
%Pending
# New
Listings
# Off
Market
This
Month
1,048 229 21.8 159 $162,900 $170,000 4.6 222 21.2 286 96
This
Month
Last Year
1,315 176 13.4 211 $176,000 $167,000 7.5 216 16.4 248 143
Last
Month
1,029 241 23.4 159 $190,000 $170,050 4.3 265 25.8 242 120
YTD ‐ 1,721 ‐ 163 $175,000 ‐ ‐ 2,079 ‐ 2,166 ‐
0
100
200
300
400
500
600
700
800
900
1000
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Pending Sales
Single Family
Condo
Sarasota Association of Realtors® MLS
0
500
1,000
1,500
2,000
2,500
3,000
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Inventory
Single Family
Condo
Condo – Sale Price Vs. List Price % Rates
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2012 93.1 93.5 94.2 94.3 93.8 93.8 94.6 94.1 94.2 94.4 95.4 94.8
2013 95.4 95.4 95.2 95.4 95.3 95.6 96.2 - - - - -
www.sarasotarealtors.com Sarasota Realtor® Magazine SEPTEMBER 2013 17

4. TheXtraPages-DigitalVersionOnly
Sarasota Association of Realtors® MLS
0
1
2
3
4
5
6
7
8
9
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Months of Inventory Single Family
Condo
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Sales Volume
Single Family
Condo
0
50
100
150
200
250
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
Days on Market Single Family
Condo
0
200
400
600
800
1,000
1,200
Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13 Jun‐13 Jul‐13
New Listings Single Family
Condo

5. Source: Sarasota Association of Realtors®
0
200
400
600
800
1000
1200
1400
1600
1800
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
Single Family Sales ‐ By Quarter REO Short Market
0
100
200
300
400
500
600
700
800
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
Condo Sales ‐ By Quarter REO Short Market
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
REO Short MarketSingle Family Median Sale Price
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
REO Short MarketCondo Median Sale Price
Second Quarter 2013 Report

6. Source: Sarasota Association of Realtors®
0
50
100
150
200
250
300
350
400
450
500
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
REO Sales ‐ By Quarter Single Family
Condo
0
50
100
150
200
250
300
350
400
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
Short Sales ‐ By Quarter
Single Family
Condo
0
200
400
600
800
1000
1200
1400
1600
1800
2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 2012‐Q1 2012‐Q2 2012‐Q3 2012‐Q4 2013‐Q1 2013‐Q2
Market Sales ‐ By Quarter
Single Family
Condo

7. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Single Family $132,300 $172,500 $191,000 $226,000 $272,500 $351,000 $342,000 $303,000 $230,000 $160,000 $163,000 $155,925 $175,000
Condo $142,000 $145,000 $173,000 $191,000 $225,000 $305,000 $301,225 $336,250 $320,000 $210,000 $163,000 $156,800 $175,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Annual Median Sale Price ‐ 2000 to 2012
4,349
4,940
5,603
6,504
7,596
6,841
4,353
3,922
4,626
5,183
5,466
5,938
6,570
2,184 2,096
2,564
3,193
3,671 3,721
2,005 2,120
1,194
1,556
2,137 2,286
2,599
6533
7036
8167
9697
11267
10562
6358
6042 5820
6739
7603
8224
9,179
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Annual Sales ‐ 2000 to 2012
Single Family Condo Total