The Sarasota Real Estate Statistics – June 2017

Are you wondering what lies ahead for the Sarasota Real Estate Market 2017? Here is a glimpse of the most recent Sarasota real estate news including Sarasota real estate prices, Sarasota real estate statistics, as well as some Sarasota real estate listings within our area’s median price range. According to the statistics gathered by the Manatee Board of Realtors, both Sarasota and Manatee counties saw an increase in the following areas: new listings, median sale prices, inventory, and closed sales.

The median sales price for single family homes in Sarasota is $260,000, a decrease of 1.1 percent from May 2016.

As of the end of May 2017, we are still experiencing a seller’s market, yet it is slowly heading towards a balanced market. A balanced market means it is neither a buyers nor a sellers market. This happens when we hit a 6 month supply of inventory. The months supply of inventory is defined as an estimate on how many months it will take to deplete the current inventory.

Currently, Sarasota county single family homes are at a 4.5 month supply, while Manatee county single family homes are at a 4.3 month supply.  The Sarasota condo market is at a 5.2 month supply while the Manatee condo market is at a 4.6 month supply.

June Real Estate Statistics | 2017 vs. 2016

Average Home Price

Sarasota County:

$345,835 vs. $377,779 (Single Family Homes)

$338,511 vs. $358,234 (Condos and Townhouses)

Manatee County:

$397,883 vs. $357,389  (Single Family Homes)

$210,554 vs. $230,591 (Condos and Townhouses)

 

Closed Sales

Sarasota County

822 vs 756 (Single Family Homes)

425 vs 377 (Condos and Townhouses)

Manatee County

625 vs. 608 (Single Family Homes)

238 vs. 250 (Condos and Townhouses)

 

Paid in Cash

Sarasota County

296 vs. 318 (Single Family Homes)

264 vs. 250 (Condos and Townhouses)

Manatee County

176 vs. 180 (Single Family Homes)

112 vs. 160 (Condos and Townhouses)

 

Median Percent of List Price Received

Sarasota County

95.2% vs. 95.1% (Single Family Homes)

93.8% vs. 94.5% (Condos and Townhouses)

Manatee County

94.7% vs. 94.4% (Single Family Homes)

95.7% vs. 96% (Condos and Townhouses)

 

Median Days to Contract

Sarasota County

45 days vs. 35 days (Single Family Homes)

61 days vs. 40 days (Condos and Townhouses)

Manatee County

47 days vs. 46 days (Single Family Homes)

47 days vs. 48 days (Condos and Townhouses)

 

New Pending Sales

Sarasota County

753 vs. 741 (Single Family Homes)

350 vs. 336 (Condos and Townhouses)

Manatee County

565 vs. 612 (Single Family Homes)

226 vs. 225 (Condos and Townhouses)

 

Active Listings

Sarasota County

2,982 vs. 2,635 (Single Family Homes)

1607 vs. 1,504 (Condos and Townhouses)

Manatee County

2,199 vs. 2,066  (Single Family Homes)

972 vs. 908 (Condos and Townhouses)

 

Month’s Supply of Inventory

Sarasota County

4.5 vs. 3.9 (Single Family Homes)

5.2 vs. 4.9 (Condos and Townhouses)

Manatee County

4.3 vs 4.1 (Single Family Homes)

4.6 vs. 4.3 (Condos and Townhouses)

View all of our Sarasota Housing Market Reports

April 2017December 2016November 2016
May 2017June 2017

 

Browse all newly listed homes for sale just added to the database under $345,835, which is the June 2017 average home price for Sarasota.

Wondering what your home is worth? Find out in 15 second by using our home value calculator or call 941-812-4894. We cover Sarasota, Bradenton, Lakewood Ranch, and Longboat Key and have partners in the surrounding areas or across the nation as well.

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Browse downtown Sarasota condos for sale by building name

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Bay PlazaFrances CarltonSt. Regis
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CityscapeRegency HouseRoyal St. Andrew
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Dolphin TowerResidences at Ritz Carlton

Browse Neighborhoods in Lakewood Ranch, FL

Arbor GrandeDel WebbLakewood NationalShoreview at Lakewood Ranch Waterside
BridgewaterEsplanadeLofts on MainSummerfield
Central ParkGreenbrook VillageMallory ParkThe Lake Club
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