Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for September 2020. According to statistics from the REALTOR® Association of Sarasota and Manatee, the median sale price for homes is showing an increase in both counties this month. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
September began with a median sale price for single-family homes of $330,000 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 $490,948, which is up 35 percent from the $363,534 in September 2019. We are seeing an increase from last month’s $444,431.
There were 867 closed sales in August 2020, which shows an increase of 12.7 percent from the 769 closed sales in August 2019. We moved into September with 1,577 active listings in Sarasota County. This number shows a drop of 33.3 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started September with a median sale price for single-family homes of $360,000. This amount shows an increase of 13.6 percent from the $317,000 recorded this same time last year. The average sale price is $480,903, which is up 17.7 percent from the $408,738 recorded last year.
There were 713 closed sales in August 2020, which shows an increase of 9 percent from the 654 closed sales in August 2019. We moved into September with 1,183 active listings in Manatee County. This number shows a drop of 34.9 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $361,443. This number shows a slight decrease of 0.3 percent from the $362,419 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $261,548. Compared to the $251,339 recorded in September 2019, we’re seeing an increase of 4.1 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 15.3 percent with 929 new properties placed on the market in September 2020. There were 725 new listings to hit the market in Manatee County, which shows an increase of 9.2 percent from this same time last year.
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The number of cash sales in Sarasota County last month was 276, which is up 10.4 percent from last year’s 250. The number of cash sales in Manatee County was 146, which is 7.6 percent lower 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 97.6 percent, which is an increase of 2.2 percent from last year at this time. Manatee County is recording 97.4 percent received, which is an increase of 0.8 percent from September 2019.
Sarasota County‘s median time to sale is currently 76 days, with the median time to contract at 30 days. Manatee County is reporting a median time to sale of 78 days and a median time to contract of 30 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 $490,948 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 $480,903 or less.