Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for August 2022. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing an increase in the average sale price of single-family homes when compared year over year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
August 2022 began with a median sale price for single-family homes of $525,000 in Sarasota County. This amount shows an increase of 31.3 percent from the $400,000 recorded at this same time last year. The average sale price is $717,398, which is up 19.8 percent from the $598,947 in August 2021. We are seeing an increase from last month’s $686,846.
There were 678 closed sales in July 2022, which shows a decrease of 23.1 percent from the 882 closed sales in July 2021. We moved into August with 1,550 active listings in Sarasota County. This number shows a rise of 112.3 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in August 2022 with a median sale price for single-family homes of $521,000. This amount shows an increase of 21.2 percent from the $430,000 recorded at this same time last year. The average sale price is $689,490, which is up 21.7 percent from the $566,595 recorded last year. This month’s average price is down from last month’s $715,504.
There were 567 closed sales in July 2022, which shows a decrease of 22.2 percent from the 729 closed sales in July 2021. We moved into August with 1,653 active listings in Manatee County. This number shows an increase of 193.6 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $537,132. This number shows an increase of 14.9 percent from the $467,617 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $409,848. Compared to the $309,887 recorded in August 2021, we’re seeing an increase of 32.3 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 1.9 percent with 959 new properties placed on the market in July 2022. There were 1,131 new listings to hit the market in Manatee County, which shows a rise of 49.8 percent from last year.
The number of cash sales in Sarasota County last month was 303, which is down 24.8 percent from last year’s 403. The number of cash sales in Manatee County was 191, which is 29.8 percent lower than this month last year.
💵 What does this mean for home sellers?
Regarding the median percent of the original list price received, sellers in Sarasota County are recording 100 percent, which shows a similar percentage to last year. Manatee County is recording 100 percent received, the same as August 2021.
Sarasota County‘s median time to sale is currently 49 days, with the median time to contract at 10 days. Manatee County is reporting a median time to sale of 49 days and a median time to contract of 9 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 $717,398 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 $689,490 or less.