With its coveted downtown Sarasota location and mature oak trees, Park East is a hot spot for investors. Park East is made up of single family homes and duplexes, townhomes and new constructions with a mix of investor-owned and homeowners. Park East is a working class neighborhood just north Fruitville Rd and south of 12th Street.
Park East currently has 14 single family homes for sale with an average list price of $314,971 and 26 condos for sale with an average list price of $180,345. The average annual property tax for Park East is $1,903.
What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Park East, i.e. what's hot and what's not.
See What's Hot & What's Not in Park East
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Park East, i.e. what's hot and what's not.
Market Trends
Park East home sales for the month of October decreased in volume by 25% when compared to last year, while the median sale price decreased by 19.3% from $235,500 to $190,000. House sales stayed the same, while the median sale price decreased by 1.2% from $250,000 to $247,000. Condo sales stayed the same, while the median sale price decreased by 24.2% from $209,000 to $158,500.
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5
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68
|
71
|
|
| 1969 | 2022 | 2023 | |
| # of sales per year | |||
|
$3
|
$200,000
|
$221,000
|
|
| 1969 | 2022 | 2023 | |
| median sale price per year | |||
Median Sale Price for Park East
Number of Sales for Park East
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