As a Sarasota County real estate law firm, the Law Offices of Stephen K. Hachey handles a wide variety of legal issues relating to residential and commercial real estate transactions including foreclosure defense, short sales, loan modifications, deed in lieus, landlord/tenant disputes, and title insurance.
Sarasota County real estate law encompasses state statutes and laws, which can often be complicated and intimidating. Stephen K. Hachey is an experienced Sarasota County real estate lawyer dedicated to assisting individuals and businesses in connection with real estate transactions of all types. As a Sarasota County real estate attorney, Stephen K. Hachey can help explain laws and regulations that govern any and all activity dealing with residential or commercial real estate.
Stephen K. Hachey, an experienced Sarasota County real estate attorney, can help protect buyers and sellers from making costly mistakes and ensure that your Sarasota County real estate transaction adheres to the applicable rules of Florida and Sarasota County.
Sarasota County Real Estate statistics as of September 1, 2011 :
The latest monthly figures in September showed a median price of $165,000 for single family homes, the same as August, and $140,000 for condos. The condo figure has been fluctuating for several months, hitting $185,000 in June, then dropping to $145,000 in July before climbing back up to $165,000 in August. These variations can be explained by the fact that certain months have seen the buying public focusing on smaller, bargain priced units, while other months have seen a higher concentration of luxury condo sales.
The months of inventory rose slightly to 6.7 months for single family homes, from last month’s figure of 6.3 months. For condos, the months of inventory also rose to 11.1 months from 10.2 months in August. In September 2010, the figures were 9.9 months and 15.1 months, respectively. Both figures again remained far below the highs of 25.3 months for single family (in early 2009) and 41.7 months for condos (in late 2008). This statistic represents the time it would take to sell the existing inventory at the current month’s rate of sales. The 6 month level is traditionally a point which represents equilibrium in the market between buyers and sellers.
In September 2011, pending sales were down slightly from last September – 723 to 744 – and also down from August, when there were 813 pending sales. Last month there were 547 single family homes and 176 condos that went under contract.