Скачать или смотреть 34236 Zipcode May market update

As of May 2024, the real estate market in the 34236 zip code, which includes parts of Sarasota, Florida, shows a dynamic and competitive environment.

Market Overview
Median Home Price: The median home price in the 34236 area is approximately $1.1 million, reflecting a slight increase from the previous year.
Days on Market: Properties in this zip code typically stay on the market for about 51 days, a noticeable increase compared to 24 days last year, indicating a slower market pace.
Sales Trends: Homes are selling for about 4% under the list price on average. For example, a property listed at $674,500 recently sold after 35 days on the market​ (Redfin)​​ (Michael Saunders)​.
Notable Sales and Listings
Luxury Listings: High-end properties dominate the market, with several homes listed above $6 million. Notable listings include a $6.995 million single-family home with 5 bedrooms and 6 baths, and several luxury condos and homes in the $6-7 million range​ (Michael Saunders)​.
Recent Sales: Recent sales include a variety of high-value properties, such as a 3-bedroom condo sold for $4 million, and another luxury property sold for $3.4 million. These sales are reflective of the strong demand for premium real estate in the area​ (Redfin)​.
Market Factors
Flood Risk: A significant concern in the 34236 area is the extreme risk of flooding, with about 72% of properties likely to be severely affected over the next 30 years. This factor may influence both insurance costs and buyer interest​ (Redfin)​.
Environmental and Community Developments: The area benefits from various state and local initiatives aimed at improving infrastructure and environmental quality, which can positively impact property values and quality of life​ (Investments In Sarasota)​.
Summary
The 34236 real estate market in Sarasota is characterized by high property values and a slower market pace compared to the previous year. While luxury homes dominate the listings and recent sales, the area faces challenges such as significant flood risks. Buyers and investors in this market should consider both the opportunities presented by high-end properties and the potential impacts of environmental risks.


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34236 Zipcode May market update - David Liberatore