Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for October 2021. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing an increase in the average sale price of condos and townhomes when compared year-over-year. 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 $407,000 in Sarasota County. This amount shows an increase of 27.8 percent from the $318,500 recorded this same time last year. The average sale price is $524,901, which is up 17 percent from the $448,619 in October 2020. We are seeing a decrease from last month’s $555,508.
There were 835 closed sales in September 2021, which shows a decrease of 5.1 percent from the 880 closed sales in September 2020. We moved into October with 771 active listings in Sarasota County. This number shows a drop of 49.1 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in October with a median sale price for single-family homes of $430,000. This amount shows an increase of 22.9 percent from the $350,000 recorded this same time last year. The average sale price is $580,073, which is up 21.1 percent from the $478,964 recorded last year. This month’s average price is up slightly from last month’s $579,647.
There were 675 closed sales in September 2021, which shows a decrease of 4.5 percent from the 707 closed sales in September 2020. We moved into October with 579 active listings in Manatee County. This number shows a drop of 52.3 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $515,753. This number shows an increase of 29.4 percent from the $398,575 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $321,810. Compared to the $300,971 recorded in October 2020, we’re seeing an increase of 6.9 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 4.3 percent with 900 new properties placed on the market in September 2021. There were 675 new listings to hit the market in Manatee County, which shows a decrease of 2.9 percent from this same time last year.
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The number of cash sales in Sarasota County last month was 376, which is up 31.9 percent from last year’s 285. The number of cash sales in Manatee County was 267, which is 53.4 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 2.8 percent from last year at this time. Manatee County is recording 100 percent received, which is an increase of 2.5 percent from October 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 48 days and a median time to contract of 7 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 $524,901 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 $580,073 or less.
