The Sarasota Real Estate Market 2017

Here is a glimpse of the Sarasota real estate market trends for May 2017. According the statistics gathered by the Manatee Board of Realtors, average home prices and the month’s supply of inventory are continuing to increase in both Manatee and Sarasota counties compared to April 2016.

From May of last year to May of this year, the average single family home price saw an increase of 14.7%.

The total inventory in Manatee and Sarasota counties showed an increase in active listings of 9.3%, yet inventory continues to be tight in the lower price ranges under $300,000. Single family homes under $300,000 are going under contract quicker than luxury real estate. For Sarasota County, single family home inventory increased 12.3% and condos by 12%. Manatee County saw less of an increase in active listings with 3.6% for single family homes and a 9.7% increase for condos.

The month’s supply of inventory for Manatee and Sarasota Counties is in the range of 4.4 to 5.5, indicating it is still a seller’s market, particularly in the lower price ranges  as indicated above. This statistic indicates the time it would take to sell all the current active listings currently on the market. When the inventory supply reaches 6.0, the market will balance out, and it will be neither a buyer or a seller’s market.

May Real Estate Statistics | 2017 vs. 2016

 

Average Home Price

Sarasota County:

$382,073 vs. $333,130 (Single Family Homes)

$312,361 vs. $376,033 (Condos and Townhouses)

Manatee County:

$362,553 vs. $355,422 (Single Family Homes)

$213,022 vs. $312,146 (Condos and Townhouses)

 

Closed Sales

Sarasota County

793 vs 732 (Single Family Homes)

381 vs 382 (Condos and Townhouses)

Manatee County

539 vs. 531 (Single Family Homes)

238 vs. 305 (Condos and Townhouses)

 

Paid in Cash

Sarasota County

316 vs. 298 (Single Family Homes)

252 vs. 253 (Condos and Townhouses)

Manatee County

160 vs. 175 (Single Family Homes)

135 vs. 188 (Condos and Townhouses)

 

Median Percent of List Price Received

Sarasota County

95.2% vs. 95.1% (Single Family Homes)

94.2% vs. 95.2% (Condos and Townhouses)

Manatee County

95.4% vs. 95.5% (Single Family Homes)

93.8% vs. 96% (Condos and Townhouses)

 

Median Days to Contract

Sarasota County

45 days vs. 35 days (Single Family Homes)

46 days vs. 35 days (Condos and Townhouses)

Manatee County

46 days vs. 38 days (Single Family Homes)

50 days vs. 33 days (Condos and Townhouses)

 

New Pending Sales

Sarasota County

823 vs. 847 (Single Family Homes)

412 vs. 397 (Condos and Townhouses)

Manatee County

657 vs. 635 (Single Family Homes)

208 vs. 291 (Condos and Townhouses)

 

Active Listings

Sarasota County

3,070 vs. 2,734 (Single Family Homes)

1703 vs. 1520 (Condos and Townhouses)

Manatee County

2,243 vs. 2166 (Single Family Homes)

1,032 vs. 941 (Condos and Townhouses)

 

Month’s Supply of Inventory

Sarasota County

4.7 vs. 4.0 (Single Family Homes)

5.5 vs. 5.0 (Condos and Townhouses)

Manatee County

4.4 vs 4.3 (Single Family Homes)

4.9 vs. 4.5 (Condos and Townhouses)

 

View all of our Sarasota Housing Market Forecast Reports

April 2017December 2016November 2016
May 2017June 2017

Browse through newly listed homes for sale just added to the database in the average price range for Sarasota. All homes for sale are priced under $300,000.

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. What is my homes value?

Longboat Key Florida Real Estate Listings

Click on the link you would like to view. You will be taken to all the listings in that category on the MLS. When you see something you like, give us a call at 941-812-4894.  

ALL LISTINGS$400,000 - $500,000$800,000 - $900,000
$100,000 - $200,000$500,000 - $600,000$900,000 - $1,000,000
$200,000 - $300,000$600,000 - $700,000$1,000,000 - $2,000,000
$300,000 - $400,000$700,000 - $800,000$2,000,000+

Lakewood Ranch Real Estate Listings

We have made searching for homes in Lakewood Ranch easy.  Click on the neighborhood of your choice and you will be taken to the MLS page of all current listings in that village. Call us at 941-812-4894 for more information or your private viewing.

Neighborhoods in Lakewood Ranch, FL

Arbor GrandeDel WebbLakewood NationalShoreview at Lakewood Ranch Waterside
BridgewaterEsplanadeLofts on MainSummerfield
Central ParkGreenbrook VillageMallory ParkThe Lake Club
Concession HarmonyRiverwalkWaterfront at Main Street
Country Club EastIndigoSavannaAll Lakewood Ranch Real Estate
 

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