Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for January 2022. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing an increase in the average price of homes when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
January began with a median sale price for single-family homes of $435,788 in Sarasota County. This amount shows an increase of 24.5 percent from the $350,000 recorded this same time last year. The average sale price is $611,828, which is up 16.5 percent from the $525,292 in January 2021. We are seeing an increase from last month’s $548,592.
There were 837 closed sales in December 2021, which shows a decrease of 19.4 percent from the 1,038 closed sales in December 2020. We moved into January with 568 active listings in Sarasota County. This number shows a drop of 54.7 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in January with a median sale price for single-family homes of $460,000. This amount shows an increase of 28.5 percent from the $357,900 recorded this same time last year. The average sale price is $614,066, which is up 23.6 percent from the $463,015 recorded last year. This month’s average price is up from last month’s $593,109.
There were 764 closed sales in December 2021, which shows a decrease of 8.1 percent from the 831 closed sales in December 2020. We moved into January with 456 active listings in Manatee County. This number shows a drop of 50.9 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $539,738. This number shows an increase of 33.3 percent from the $404,944 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $377,763. Compared to the $365,012 recorded in January 2021, we’re seeing an increase of 3.5 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 13.7 percent with 630 new properties placed on the market in December 2021. There were 574 new listings to hit the market in Manatee County, which shows a drop of 2.7 percent from last year.
The number of cash sales in Sarasota County last month was 357, which is down 1.7 percent from last year’s 363. The number of cash sales in Manatee County was 255, which is 9.9 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 100 percent, which is an increase of 1.8 percent from last year at this time. Manatee County is recording 100 percent received, which is an increase of 1.5 percent from January 2021.
Sarasota County‘s median time to sale is currently 48 days, with the median time to contract at 8 days. Manatee County is reporting a median time to sale of 47 days and a median time to contract of 6 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 $611,828 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 $614,066 or less.