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Sarasota Downtown condo market update

In Downtown Sarasota the number of condo units for sale is at the lowest  since 2002.

The steady drop in inventory combined with an increase in sales is pointing toward a normal,healthy market in the coming months.

” We’re starting to see a definite trend line developing, and it’s very positive ” said SAR president Michael Bruno. ” No one has a crystal ball, and wouldn’t be wise for anyone to make a solid prediction on the future of our market. But we can clearly see the normal market forces of supply and demand as Sarasota is becoming a seller’s market,in which price appreciation would be expected. ”

No where is this more evident  than the  Downtown Sarasota condo market.  Especially in the newer Buildings * with sought after Bay Views.

Here is a break down of units for sale in each Downtown  Sarasora condo building.

To view more details on these listings just click onto each building  then go into the search.

Condo                                                             Number of total Units for sale

1350                                *                                  11

100 Cental                    *                                    4

Alinari                            *                                  11

Bay plaza                                                             7

Beau  Ciel                                                            4

Broadway Promenade              *                       11

Burns Court Villas        *                                    1

Central Park                                                       8

Citrus Square               *                                    3

Cityscape                      *                                    4

Condo on the Bay                                              8

Embassy House                                                 2

Frances Carlton                                                 1

Gulfstream Towers                                            1

Kanaya                         *                                     2

Lawrence Point                                                  2

Le Chateau                                                         3

Marina Tower                                                    1

Marquee en Ville             *                                2

One Watergate                                                  5

Orange Blossom                                                 1

Palm Gardens                                                    3

Plaza at Five Points          *                               4

Regency House                                                   1

Renaissance                    *                                 11

Ritz Carlton                                                       17

Rivo at Ringling            *                                   2

Royal St. Andrew                                               1

San Marco                                                          4

Saraband         *                                                 5

Savoy       *                                                          2

Tessera    *                                                          1

Versailles                                                             1

 

* Newer building

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