You really need to focus on the past 90 days to get a good picture of the market. There are 6 active listings in Gulf Gate East, 2 "Active With Contract" (similar to "Pending" status), and 5 sales have closed in the past 90 days. This shows that the market in Gulf Gate East is just as healthy as anywhere else in Sarasota. The median sale price in the past 90 days is about $138 per square foot, and the high price was a surprising $175 per square foot for a smaller home than yours. It has a pool and modest updates.
To come up with a reasonable estimate of the value of your home, a good Realtor would want to visit the property to confirm its condition and features, to compare it to others that he or she is familiar with that are currently listed or that have sold recently. If you are interested in selling, would be happy to do that for you. In the meantime, I can easily email the comparables that I just mentioned above.
I live and work on Palmer Ranch, and am very familiar with the surrounding area, including Gulf Gate East. I am confident that I can provide you with an accurate value for your home in today's market.
COLDWELL BABKER RESIDENTIAL REAL ESTATE
423 St. Armands Circle
Sarasota, FL 34236