Friday, March 23, 2007

House Sales Rise 5 % in Sarasota-Bradenton; Price Drops 9 %

March 23. 2007 11:28AM
Sales drop 1 percent in Charlotte County North while price drops 11 percent
STAFF REPORT for Sarasota Herald Tribune

February proved a brighter month for homes sales in Southwest Florida with a 5 percent increase in sales in the Sarasota-Bradenton market. That was the biggest increase in the state behind Panama City, which posted a 21 percent rise.

There were 598 homes sold in Sarasota-Bradenton last month compared with 568 during the same month in 2006.Charlotte County-North Port posted a 1 percent drop in sales, 216 sales in February 2006 compared with 218 last month.

The median sales price in the Sarasota-Bradenton market was $294,500 in February, down 9 percent from $324,200 during the same month last year.The median sales price dropped by a larger margin in Charlotte County-North Port. It was $201,100 last month, down 11 percent from $226,300 during the same 2006 month.

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