Sarasota, Manatee & Charlotte Counties: January ’11 – Year Over Year Sales Comparison

Our market area’s recovery continued to gather momentum in January, with sales in Manatee, Sarasota and Charlotte Counties well ahead of last January by varying degrees. Manatee County, with a 21.3% year-over-year increase, showed the greatest percentage gain.

The bigger story, however, was in pending sales which are the leading indicator of closed sales to come 30 to 60 days out. In Manatee and Sarasota Counties, pendings were at their highest level since April 2010 when buyers were scrambling to take last minute advantage of the First Time Homebuyer Tax Credit.

Charlotte County pendings for January were at their highest level since March, 2004 when the real estate boom was just getting underway.

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