Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for November 2021. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing a decrease in closed sales when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
November began with a median sale price for single-family homes of $410,000 in Sarasota County. This amount shows an increase of 18.8 percent from the $345,000 recorded this same time last year. The average sale price is $593,562, which is up 20.1 percent from the $494,250 in November 2020. We are seeing a increase from last month’s $524,901.
There were 788 closed sales in October 2021, which shows a decrease of 15.2 percent from the 929 closed sales in October 2020. We moved into November with 709 active listings in Sarasota County. This number shows a drop of 52.6 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in November with a median sale price for single-family homes of $425,000. This amount shows an increase of 18.1 percent from the $360,000 recorded this same time last year. The average sale price is $565,362, which is up 17.5 percent from the $481,349 recorded last year. This month’s average price is down from last month’s $580,073.
There were 672 closed sales in October 2021, which shows a decrease of 12.3 percent from the 766 closed sales in October 2020. We moved into November with 578 active listings in Manatee County. This number shows a drop of 45.6 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $456,745. This number shows an increase of 16 percent from the $393,771 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $330,662. Compared to the $294,595 recorded in November 2020, we’re seeing an increase of 12.2 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 17.8 percent with 829 new properties placed on the market in October 2021. There were 775 new listings to hit the market in Manatee County, which is equal to the same amount last year.
The number of cash sales in Sarasota County last month was 339, which is up 16.9 percent from last year’s 290. The number of cash sales in Manatee County was 230, which is 8.5 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 2.2 percent from last year at this time. Manatee County is recording 100 percent received, which is an increase of 1.8 percent from November 2020.
Sarasota County‘s median time to sale is currently 47 days, with the median time to contract at 7 days. Manatee County is reporting a median time to sale of 46 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 $593,562 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 $565,362 or less.