Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for February 2019. According to statistics from the REALTOR® Association of Sarasota and Manatee, the number of new listings increased across the board with the exception of single-family homes in Manatee County. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
February began with a median sale price for single-family homes of $286,600 in Sarasota County. This amount shows an increase of 3.9 percent from the $275,900 recorded this same time last year. The average sale price is $412,457, which shows a 12.8 percent increase from the $365,593 last year.
There were 460 closed sales in January 2019, which shows a decrease of 11.4 percent from the 619 closed sales in January 2018. We moved into February with 3,548 active listings in Sarasota County. This number shows an increase of 18 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started the year with a median sale price for single-family homes of $309,000. This amount shows a decrease of 3 percent from the $300,145 recorded this same time last year. The average sale price is $386,927, which is consistent with the $386,987 recorded last year.
There were 335 closed sales in January 2019, which shows a decrease of 16 percent from the 399 closed sales in January 2018. We moved into February with 2,357 active listings in Manatee County. This number shows an increase of 5.7 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $344,209. This number shows a significant drop of 38.9 percent from the $484,342 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $241,191. Compared to the $219,060 recorded in January 2018, we’re seeing an increase of 10.1 percent.
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Both counties are seeing an increase in new condo and townhouse listings. Sarasota County shows 661 new listings, which is an increase of 5.8 percent from last year’s 625 new listings. Manatee County recorded 422 new listings, which is a 7.9 percent increase year-over-year.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased 8.6 percent with 1,265 new properties placed on the market in January 2019. There were 804 new listings to hit the market in Manatee County, which shows a drop of 3.1 percent from this same time last year.
The incease in new listings is wonderful news for buyers in Sarasota County, but there is no time to drop your guard when it comes to competition with other buyers in the area. Sign up for free to search and save homes that meet your needs, and you will receive email alerts delivered right to your email inbox when a new home is placed on the market.
💵 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 95.3 percent, which is an increase of 0.3 percent from last year at this time. Manatee County is recording 95.7 percent received, which is an increase of 0.1 percent from January 2018.
Sarasota County‘s median time to sale is currently 88 days. Manatee County is reporting 97 days.
Begin the home selling process by setting your asking price correctly. A free home valuation report can help build the foundation of knowledge you need to create an attractive listing price and catch the attention of potential buyers.
🏘️ Sarasota County Homes for Sale
See Additional Reports on the Sarasota County & Manatee County Real Estate Market
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 $412,457 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 $386,927 or less.