Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for April 2020. According to statistics from the REALTOR® Association of Sarasota and Manatee, sellers are receiving more of their original listed price when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
April began with a median sale price for single-family homes of $315,000 in Sarasota County. This amount shows an increase of 10.5 percent from the $285,000 recorded this same time last year. The average sale price is $414,374, which is up 4.8 percent from the $395,321 in April 2019. We are seeing a slight decrease from last month’s $420,802.
There were 834 closed sales in March 2020, which shows an increase of 7.2 percent from the 778 closed sales in March 2019. We moved into April with 2,741 active listings in Sarasota County. This number shows a drop of 22 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started April with a median sale price for single-family homes of $319,500. This amount shows an increase of 2.4 percent from the $312,000 recorded this same time last year. The average sale price is $390,674, which is down 0.5 percent from the $392,616 recorded last year.
There were 658 closed sales in March 2020, which shows an increase of 4.6 percent from the 629 closed sales in March 2019. We moved into April with 1,969 active listings in Manatee County. This number shows a drop of 14.1 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $376,162. This number shows an increase of 15.9 percent from the $324,695 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $251,136. Compared to the $240,995 recorded in April 2019, we’re seeing an increase of 4.2 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 11.4 percent with 915 new properties placed on the market in March 2020. There were 731 new listings to hit the market in Manatee County, which shows a decrease of 3.3 percent from this same time last year.
The number of cash sales in Sarasota County last month was 317, which is up 5 percent from last year’s 302. The number of cash sales in Manatee County was 175, which is 5.4 percent lower than this month last year.
💵 What does this mean for home sellers?
When it comes to the median percent of original list price received, sellers in Sarasota County are recording 96.2 percent, which is an increase of 0.8 percent from last year at this time. Manatee County is recording 96.6 percent received, which is an increase of 1 percent from April 2019.
Sarasota County‘s median time to sale is currently 81 days, with the median time to contract at 38 days. Manatee County is reporting a median time to sale of 92 days and a median time to contract of 44 days.
🏘️ Sarasota County Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Sarasota County. All homes are priced at $414,374 or less.
🏘️ Manatee County Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Manatee County. All homes are priced at $390,674 or less.