Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for December 2019. According to statistics from the REALTOR® Association of Sarasota and Manatee, the number of active homes listed for sale increased this month in both counties. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
December began with a median sale price for single-family homes of $280,000 in Sarasota County. This amount shows a decrease of 6.7 percent from the $300,000 recorded this same time last year. The average sale price is $389,121, which is up 0.5 percent from the $387,268 in December 2018.
There were 707 closed sales in November 2019, which shows a substantial increase of 23.6 percent from the 572 closed sales in November 2018. We moved into December with 2,813 active listings in Sarasota County. This number shows a drop of 10.2 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started December with a median sale price for single-family homes of $319,995. This amount shows an increase of 2.1 percent from the $313,496 recorded this same time last year. The average sale price is $388,513, which is up 2.2 percent from the $379,982 recorded last year.
There were 550 closed sales in November 2019, which shows an increase of 10.9 percent from the 496 closed sales in November 2018. We moved into December with 2,007 active listings in Manatee County. This number shows a drop of 10 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $392,575. This number shows an increase of 12.7 percent from the $348,220 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $255,855. Compared to the $225,619 recorded in December 2018, we’re seeing an increase of 13.4 percent.
SUGGESTED READING: Manatee County Homes for Sale
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 5.6 percent with 765 new properties placed on the market in November 2019. There were 679 new listings to hit the market in Manatee County, which shows an increase of 0.4 percent from this same time last year.
The number of cash sales in Sarasota County last month was 267, which is a 34.8 percent increase from last year. The number of cash sales in Manatee County was 143, which is 3.6 percent higher 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 95.8 percent, which is a slight increase of 0.1 percent from last year at this time. Manatee County is recording 96 percent received, which is an increase of 0.6 percent from December 2018.
Sarasota County‘s median time to sale is currently 80 days, with the median time to contract at 37 days. Manatee County is reporting a median time to sale of 86 days and a median time to contract of 43 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 $389,121 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 $388,513 or less.