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 15 single family homes for sale with an average list price of $319,627, 27 condos for sale with an average list price of $186,843, and 1 lot for sale with a list price of $1,375,000. The average annual property tax for Park East is $1,905.
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 November decreased in volume by 62.5% when compared to last year, while the median sale price decreased by 40% from $225,000 to $135,000. House sales decreased by 66.7%, while the median sale price rose by 17.6% from $340,000 to $400,000. Condo sales decreased by 60%, while the median sale price decreased by 24% from $175,000 to $133,000.
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5
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68
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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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