One of my favorite places to sell in Sarasota is Palmer Ranch. This area almost sells itself with ample access to best in healthcare, education, beaches, fitness facilities, and shopping in the area. Couple these features with excellent newer communities and pristine natural surroundings and it is not difficult to understand how many Sarasotans and part time residents choose to live here.

While Palmer Ranch traditionally has a very healthy sales market, it has as a whole, weathered this recession better than a lot of other micro-markets in the area. Prices have declined that is for certain- but the numbers tell a very positive story. In the last 15 months, Palmer Ranch single family homes are down 44% in availability. Sales levels have remained fairly level over the last 15 months. What I am most excited about is that months of inventory based on closed sales has dropped from 15.1 months in April of 2008 to 9.3 in May of 2009. Approaching six months is a sign of a more balanced and healthy market.

For more detailed analysis of the Palmer Ranch Market and its many and varied communities, check out my interactive Palmer Ranch Map Guide. Palmer Ranch is a special pocket of Sarasota, and I am happy to answer any questions about it- email me at DrewRussell@MichaelSaunders.com with questions.

Posted by:Drew Russell