Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for October 2020. According to statistics from the REALTOR® Association of Sarasota and Manatee, the average sale price for homes is showing a decrease compared to last month’s numbers in both counties this month. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
October began with a median sale price for single-family homes of $318,500 in Sarasota County. This amount shows an increase of 17.9 percent from the $280,000 recorded this same time last year. The average sale price is $448,619, which is up 17.6 percent from the $381,521 in October 2019. We are seeing a drop from last month’s $490,948.
There were 880 closed sales in September 2020, which shows an increase of 27.7 percent from the 769 closed sales in September 2019. We moved into October with 1,514 active listings in Sarasota County. This number shows a drop of 36.2 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started October with a median sale price for single-family homes of $350,000. This amount shows an increase of 11.1 percent from the $315,000 recorded this same time last year. The average sale price is $478,964, which is up 25.5 percent from the $381,577 recorded last year.
There were 707 closed sales in September 2020, which shows an increase of 31.4 percent from the 538 closed sales in September 2019. We moved into October with 1,084 active listings in Manatee County. This number shows a drop of 40.3 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $398,575. This number shows a significant increase of 41.3 percent from the $282,037 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $300,971. Compared to the $244,587 recorded in October 2019, we’re seeing an increase of 23.1 percent.
SUGGESTED READING: Mortgage Loan Types with Mortgage Calculator
📱 Contact Brock Realty Inc.
💲 What does this mean for home buyers?
New listings in Sarasota County increased by 55 percent with 940 new properties placed on the market in October 2020. There were 695 new listings to hit the market in Manatee County, which shows an increase of 18.4 percent from this same time last year.
Suggested Reading: Should I Buy a Home During the Coronavirus Pandemic?
The number of cash sales in Sarasota County last month was 285, which is up 28.4 percent from last year’s 222. The number of cash sales in Manatee County was 174, which is 47.5 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 97.3 percent, which is an increase of 2 percent from last year at this time. Manatee County is recording 97.6 percent received, which is an increase of 1.1 percent from October 2019.
Sarasota County‘s median time to sale is currently 72 days, with the median time to contract at 24 days. Manatee County is reporting a median time to sale of 68 days and a median time to contract of 23 days.
🏘️ 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 $448,619 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 $478,964 or less.