Number of downtown Sarasota condos for sale

To make it easier to track I will start reporting inventory levels of downtown Sarasota condos in a chart.

Downtown Sarasota Real Estate Stats for August 16th

Here are some statistics pulled from the Sarasota MLS about Downtown Sarasota Real Estate.

Downtown Sarasota Condos
190 condos for sale
29 condos currently under contract

Downtown Sarasota Homes
35 homes for sale
5 homes currently under contract

July 7th numbers:

Downtown Sarasota Condos
202 condos for sale
33 condos currently under contract

Downtown Sarasota Homes
31 homes for sale
7 homes currently under contract

It is good to see the number of downtown condos for sale dip a bit. Many are speculating that there are too many condos in downtown Sarasota and the oversupply will cause prices to drop. It will be interesting to see if those who bought in Kanaya, 1350 Main, Alinari, Savoy on Palm, Broadway Promenade and Rivo on Ringling plan to sell their condo. An interesting note when looking at the Sarasota MLS data is that there have been more condos sold in downtown Sarasota so far this year than on all of Siesta Key.