Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for February 2021. According to statistics from the REALTOR® Association of Sarasota and Manatee, the number of active listings dropped in both counties when compared to last year’s numbers. 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 $340,004 in Sarasota County. This amount shows an increase of 14.9 percent from the $296,000 recorded this same time last year. The average sale price is $491,760, which is up 19.9 percent from the $410,249 in February 2021. We are seeing a decrease from last month’s $525,292.

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There were 666 closed sales in January 2021, which shows an increase of 17.9 percent from the 565 closed sales in January 2020. We moved into February with 991 active listings in Sarasota County. This number shows a drop of 63.4 percent from this time last year.

There’s a 1.2 month supply of available homes in Sarasota County. Last year at this time there was a 3.6 month supply. For the market to be considered balanced, there needs to be a supply of 6 months of inventory.

📊 A Look at Manatee County Housing Stats

Manatee County started in February with a median sale price for single-family homes of $370,000. This amount shows an increase of 12.3 percent from the $329,500 recorded this same time last year. The average sale price is $510,940, which is up 21.4 percent from the $420,775 recorded last year. This month’s average price is up from last month’s $496,984.

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There were 705 closed sales in January 2021, which shows an increase of 25.6 percent from the 410 closed sales in January 2020. We moved into February with 705 active listings in Manatee County. This number shows a drop of 64.3 percent from this time last year.

There’s a 1.1 month supply of available homes in Manatee County. This number is down 67.6 percent from last year’s 3.4 month supply.

🏠 Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $537,760. This number shows an increase of 13.1 percent from the $475,464 recorded this time last year.

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The average sale price for condos and townhouses in Manatee County is $284,037. Compared to the $236,867 recorded in February 2020, we’re seeing an increase of 19.9 percent.

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Sarasota County reports 615 new listings, which is a drop of 10.6 percent from last year’s 688 new listings. Manatee County recorded 296 new listings, which is a 35.8 percent decrease from last year’s 461 new listings.

📱 Contact Brock Realty Inc.

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💲 What does this mean for home buyers?

New listings in Sarasota County decreased by 18.2 percent with 893 new properties placed on the market in January 2021. There were 612 new listings to hit the market in Manatee County, which shows a decrease of 20.9 percent from this same time last year.

Suggested Reading: Should I Buy a Home During the Coronavirus Pandemic?

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The number of cash sales in Sarasota County last month was 269, which is up 9.3 percent from last year’s 246. The number of cash sales in Manatee County was 148, which is 29.8 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 98 percent, which is an increase of 1.9 percent from last year at this time. Manatee County is recording 98.4 percent received, which is an increase of 2.0 percent from February 2020.

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Sarasota County‘s median time to sale is currently 66 days, with the median time to contract at 19 days. Manatee County is reporting a median time to sale of 66 days and a median time to contract of 17 days.

A free home valuation report can help build the foundation of knowledge you need to set your asking price so that it gets the attention of potential buyers. Setting the price too high can mean your home sits on the market without an offer, which can waste your time and money.

🏘️ 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 $491,760 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 $510,940 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - February 2021
Article Name
Sarasota & Manatee Counties Real Estate Market Report - February 2021
Description
The average sale price for homes in Sarasota County is $491,760. Manatee County's average sale price is $510,940.
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Brock Realty Inc
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