In the past 90 days we have 22 pendings and 20 sales for Downtown Sarasota Condos averaging a sales price of
$ 489,000 – average list price was $ 519,000.
The surprising thing is that only 13 of these were in the newer buildings – One Hundred Central, Alinari, 1350 Main,
Marquee en ville, Rivo and Burns Court Villas.
I think this is a case of downtown buyers wanting to stay close to the water without paying the high price for a newer condo.
They are willing to compromise.
Also……Average sales per square footage was $322.00 where the list price was $331.00 – that’s a 91% list price/sales price ratio.
Not bad…. Looks like the sellers seem to have got the message and have priced things according to the market.
It must be noted I took 4 sales over a million out of the equation. These were 2 Ritz Carlton Sales one of $2,325,000 and
$1,300,000 , a Beau Ciel of $1,300,000 and a Golden Gate Majestic Bay unit at $1,595,000.
