#ManateeHomeSales

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October 2020 Sarasota Manatee Real Estate Sales Recap

October 2020 Real Estate Market Activity Recap. Sarasota and Manatee single family home, condo and town home sales. October; Reports Another Fast-Paced Month. Home sales continue to soar in Sarasota and Manatee counties. Following the same trends seen in previous months, October 2020 reports a rise in closed sales, an increase in median prices and shrinking inventory. According to compiled data, single-family homes are going under contract in fewer days than the previous year, resulting in a fast-paced seller’s market. Single-family closed sales increased by 48.4 percent to 766 sales in Manatee and by 30.1 percent to 929 sales in Sarasota. Condo sales rose in October with a 39 percent increase to 292 sales in Manatee and a 29 percent increase to 423 sales in Sarasota. In October, the median time from listing date to contract date decreased across the two-county area. Single-family homes are selling quickly, with a 58.1 percent decrease to 18 days on the market in Manatee and a 44.7 percent decrease to 21 days in Sarasota. As for the condo market, median time to contract is down by 8.9 percent to 41 days in Manatee and down by 28.6 percent to 45 days in Sarasota. Cash buyers continue to participate in the market with an overall increase in cash sales from last year. For single-family homes, cash sales in Manatee increased year-over-year by 53.6 percent and by 16.9 percent in Sarasota. Condo cash sales increased by 10 percent in Manatee County and increased by 44. Read the full article

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September 2020 Sarasota Manatee Real Estate Sales Recap

September 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and town home sales.

September; Sales Rise, Higher Prices And Fewer Listings. Cash sales go up once again, increasing by 27 percent in Sarasota and by 48 percent in Manatee County compared to the same period in 2019. According to compiled data despite the global pandemic, the housing market in Sarasota and Manatee is staying strong. The residential market data for September reports that more homes were sold in the first nine months of 2020 than in the first nine months of 2019. The September market continues the trend from the previous month: a rise in sales, higher prices and fewer available listings than the same month last year. Year-to-date, closed sales have increased by 3.6 percent for the combined markets in both counties. The year-to-date report is calculated using data totaled from January 2020 to the current month. As for the month of September, a total of 2,327 sales were reported in Sarasota and Manatee counties which is a 35.1 percent increase from last year. Single-family closed sales increased by 31.4 percent to 707 sales in Manatee and by 27.7 percent to 880 sales in Sarasota. The condo market increased with 73.5 percent jump to 314 sales in Manatee and a 35.2 percent increase to 426 sales in Sarasota. The median price for single-family homes in both counties decreased slightly from the record- highs reported in August but are still up from September of 2019. In Manatee County, single-family median prices increased by 11.1 percent to $350,000. Sarasota single-family prices increased by 6.9 percent to $318,500. Condo prices increased year-over-year by 10.6 percent to $220,000 in Manatee and by 8.7 percent to $252,240 in Sarasota. With an increase in sales and rising prices, the dollar volume of sales jumped in all markets last month. For the condo market, dollar volume in Manatee County increased year-over-year by 113.5 percent to $94.5 million. As for Sarasota condos, dollar volume increased by 91.1 percent to $169.8 million. The volume of sales for single-family homes increased by 65 percent in Manatee and by 50.2 percent in Sarasota. Year-over-year, the combined inventory of active listings in both counties decreased by 29.6 percent. Condo inventory decreased by 13.7 percent in Sarasota and by 14.8 percent in Manatee. Single-family home inventory decreased by 36.2 percent in Sarasota and by 40.3 percent in Manatee. The month’s supply of inventory for single-family homes fell by 38.2 percent to a 2.1-months in Sarasota and decreased by 42.4 percent to 1.9-months in Manatee. Condo supply decreased by 23.7 percent to 2.9-months in Manatee and by 20.5 percent to 3.5-months in Sarasota. The month’s supply of inventory is an estimate of the number of months it will take to deplete the current inventory given the recent sales rates. The total number of new listings for both markets increased in September by 19.8 percent from last year. Condo new listings increased by 15.5 percent in Sarasota and by 13.5 percent in Manatee. Single-family home new listings increased by 25.3 percent in Sarasota and by 18.4 percent in Manatee. Pending sales increased for the fourth consecutive month in September with a combined 47.5 percent increase. For single-family homes, pending sales increased by 48.4 percent in Manatee and by 41.5 percent in Sarasota. Condo pending sales increased by 60.2 percent in Manatee County and by 50.8 percent in Sarasota. Click HERE to download the report. For Specific Information contact Ed Bertha at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article

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September 2020 Sarasota Manatee Real Estate Sales Recap

September 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and town home sales.

September; Sales Rise, Higher Prices And Fewer Listings. Cash sales go up once again, increasing by 27 percent in Sarasota and by 48 percent in Manatee County compared to the same period in 2019. According to compiled data despite the global pandemic, the housing market in Sarasota and Manatee is staying strong. The residential market data for September reports that more homes were sold in the first nine months of 2020 than in the first nine months of 2019. The September market continues the trend from the previous month: a rise in sales, higher prices and fewer available listings than the same month last year. Year-to-date, closed sales have increased by 3.6 percent for the combined markets in both counties. The year-to-date report is calculated using data totaled from January 2020 to the current month. As for the month of September, a total of 2,327 sales were reported in Sarasota and Manatee counties which is a 35.1 percent increase from last year. Single-family closed sales increased by 31.4 percent to 707 sales in Manatee and by 27.7 percent to 880 sales in Sarasota. The condo market increased with 73.5 percent jump to 314 sales in Manatee and a 35.2 percent increase to 426 sales in Sarasota. The median price for single-family homes in both counties decreased slightly from the record- highs reported in August but are still up from September of 2019. In Manatee County, single-family median prices increased by 11.1 percent to $350,000. Sarasota single-family prices increased by 6.9 percent to $318,500. Condo prices increased year-over-year by 10.6 percent to $220,000 in Manatee and by 8.7 percent to $252,240 in Sarasota. With an increase in sales and rising prices, the dollar volume of sales jumped in all markets last month. For the condo market, dollar volume in Manatee County increased year-over-year by 113.5 percent to $94.5 million. As for Sarasota condos, dollar volume increased by 91.1 percent to $169.8 million. The volume of sales for single-family homes increased by 65 percent in Manatee and by 50.2 percent in Sarasota. Year-over-year, the combined inventory of active listings in both counties decreased by 29.6 percent. Condo inventory decreased by 13.7 percent in Sarasota and by 14.8 percent in Manatee. Single-family home inventory decreased by 36.2 percent in Sarasota and by 40.3 percent in Manatee. The month’s supply of inventory for single-family homes fell by 38.2 percent to a 2.1-months in Sarasota and decreased by 42.4 percent to 1.9-months in Manatee. Condo supply decreased by 23.7 percent to 2.9-months in Manatee and by 20.5 percent to 3.5-months in Sarasota. The month’s supply of inventory is an estimate of the number of months it will take to deplete the current inventory given the recent sales rates. The total number of new listings for both markets increased in September by 19.8 percent from last year. Condo new listings increased by 15.5 percent in Sarasota and by 13.5 percent in Manatee. Single-family home new listings increased by 25.3 percent in Sarasota and by 18.4 percent in Manatee. Pending sales increased for the fourth consecutive month in September with a combined 47.5 percent increase. For single-family homes, pending sales increased by 48.4 percent in Manatee and by 41.5 percent in Sarasota. Condo pending sales increased by 60.2 percent in Manatee County and by 50.8 percent in Sarasota. Click HERE to download the report. For Specific Information contact Ed Bertha at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article

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August 2020 Sarasota Manatee Real Estate Sales Recap

August 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and town home sales.

August Reports Record High Single-Family Home Prices in Sarasota and Manatee. The residential housing market in August of 2020 reports another month of increased home sales and new listings amid declining inventory. According to the compiled data, the median prices for single-family homes reached a record-high in both counties. The current market conditions favor the seller with homes selling at a quicker pace in August 2020 when compared to last year. Realtors in Sarasota and Manatee participated in a total of 2,297 closed sales in both markets, a 17.1 percent increase from August of last year. Single-family closed sales increased by nine percent to 713 sales in Manatee County and by 12.7 percent to 867 sales in Sarasota. The condo market also increased with 54.2 percent jump to 313 sales in Manatee and a 20.6 percent increase to 404 sales in Sarasota. In August of 2020, the median sale price for single-family homes reached the highest recorded prices in both counties. In Manatee County, median prices increased by 13.6 percent to $360,000 and Sarasota increased by 17.9 percent to $330,000. Condo prices increased year-over-year by 8.8 percent to $223,000 in Manatee County and by eight percent to $249,495 in Sarasota County. The median is the midpoint of all sales prices; half the homes sold for more, half for less. The median time to contract declined year-over-year in all markets last month. For single-family homes, the time to contract fell by 41.2 percent to 30 days in Sarasota and decreased by 28.6 percent to 30 days in Manatee. Condos took a bit more time in August with a decrease of 42 percent to 47 days in Sarasota and an eight percent decrease to 46 days in Manatee. New listings continue to climb in August with a combined 17.1 percent increase for the two counties. Condo new listings increased by 38.6 percent in Manatee and by 21.3 percent in Sarasota. Single-family home new listings increased by 15.3 percent in Sarasota and by 9.2 percent in Manatee. Pending sales increased for the third consecutive month. For single-family homes, pending sales increased by 43.1 percent in Manatee and by 25.8 percent in Sarasota. Condo pending sales increased by 66.7 percent in Manatee County and by 21.3 percent in Sarasota. Year-over-year, the combined inventory in both counties decreased by 24.7 percent. Condo inventory decreased by eight percent in Sarasota and by 5.2 percent in Manatee. Single-family home inventory decreased by 33.3 percent in Sarasota and by 34.9 percent in Manatee. As for the months’ supply of inventory, Sarasota single-family homes fell by 37.1 percent to a 2.2-months’ supply. Manatee single-family homes decreased by 36.4 percent to 2.1-months. Condo supply decreased by 8.3 percent to 3.3-months in Manatee and by 15.9 percent to 3.7- months in Sarasota. Click HERE to download the report. For Specific Information contact Ed Bertha at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article

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July 2020 Sarasota Manatee Real Estate Sales Recap

July 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and town home sales.

Increased Sales and Buyer Demand in Sarasota-Manatee. The Sarasota and Manatee housing market reports renewed demand with a rise in sales, new listings, pending sales, and pending inventory in July of 2020. According to the reports compiled by Florida Realtors® and provided by the Realtor® Association of Sarasota and Manatee, closed sales in July increased by 24.1 percent from the same month last year. The market continues to favor the seller with a rise in demand and a decrease in inventory. Last month’s closed sales across the two-county market totaled 2,426 sales, a 24.1 percent increase from July of 2019. In Manatee County, single-family closed sales increased by 26.7 percent to 774 sales and condos increased by 16.5 percent to 276 sales. In Sarasota, single-family homes increased by 21.9 percent to 978 sales and condos increased by 30.5 percent to 398 sales. For the second consecutive month, pending sales increased in all markets in Sarasota and Manatee counties with a combined 36.2 percent jump from July of last year. For single-family homes, pending sales rose by 33.1 percent in Manatee and by 33 percent in Sarasota. The condo market showed a 47.9 percent increase in pending sales in Sarasota and a 38.9 percent increase in Manatee. Median sales prices for both single-family homes and condos rose year-over-year in July. Single- family prices in Manatee County increased by 10.5 percent to $358,963 and in Sarasota, prices increased by 12.8 percent to $327,250. Condo prices increased by 15.2 percent to $220,000 in Manatee and rose by 7.1 percent to $240,000 in Sarasota County. The median is the midpoint of all sales prices; half the homes sold for more, half for less. New listings also continued an upward trend with a combined 26.1 percent increase for the two counties. Condo new listings increased by 62.4 percent in Manatee County and by 34.6 percent in Sarasota. For single-family homes, new listings increased by 19 percent in Manatee and by 18.9 percent in Sarasota. On the supply side, active inventory listings are lower than a year ago. Year-over-year, the combined inventory in both counties decreased by 24.2 percent. Condo inventory decreased by 11.5 percent in Sarasota and by 4 percent in Manatee. Single-family home inventory decreased by 34 percent in Sarasota and by 30.2 percent in Manatee. Inventory is lower than a year ago, but buyer interest remains high especially when fueled by low mortgage rates. “We are concerned by the decreasing months’ supply of inventory. July’s numbers dropped to approximately 2.3 months supply for single-family homes and 3.8 months for condos. Six months is considered a balanced market,” added Clapp. “Weekly sales continue to outpace new listings coming onto the market. When supply goes down and demand goes up, sellers have the upper hand.” As for the months’ supply of inventory, single-family homes stayed under a 3-month supply in July with a 36.8 percent decrease in Sarasota (2.4 months) and a 32.4 percent decrease in Manatee (2.3 months). Condo supply decreased by 2.7 percent to 3.6 months in Manatee and by 18.4 percent to a 4-month supply in Sarasota. The months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. Click HERE to download the report. For Specific Information contact Ed Bertha at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article

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June 2020 Sarasota Manatee Real Estate Sales Recap

June 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and town home sales.

Pending Sales Rise Amid Shrinking Inventory. The residential housing market in Sarasota and Manatee is showing signs of recovery with a rebound of pending sales and new listings reported in June 2020. According to the reports compiled by Florida Realtors® and provided by the Realtor® Association of Sarasota and Manatee, closed sales increased year-over-year in Manatee County but decreased in Sarasota County. Inventory, on the other hand, continues to decline among rising prices. Manatee County closed sales increased year-over-year with a 7.2 percent increase to 668 single-family sales and a 2.5 percent increase to 250 condo sales. In Sarasota, single-family home sales decreased by 6.5 percent to 768, and condo sales decreased by 2.9 percent to 334 sales. Combined, closed sales in both markets decreased by 0.6 percent from June 2019, a much smaller percentage decrease from the declines reported in April and May. When compared to May of this year, combined closed sales increased by 44.4 percent from last month, a good indicator that sales are catching up to pre-pandemic conditions. The number of properties that went under contract in June increased by 35.4 percent, combined for both markets in the two-county area. For single-family homes, pending sales increased by 34.6 percent in Manatee and by 32.9 percent in Sarasota. The condo market showed a 30.5 percent increase in pending sales in Sarasota and a 53.7 percent increase in Manatee. New listings also showed year-over-year improvements in June 2020. Combined for the two counties, new listings increased by 13.6 percent from the same time last year. Condo new listings increased in Sarasota County by 51.8 percent and in Manatee, new listings increased by 19.3 percent. For single-family homes, new listings increased by 11 percent in Manatee and decreased by 1.8 percent in Sarasota. The months’ supply of inventory has decreased across all markets in Sarasota and Manatee counties. Single-family homes have reached a historically low supply, falling under 3 months’ supply in June. Single-family home inventory decreased by 35.7 percent to a 2.7-months’ supply in Sarasota and by 27.8 percent to 2.6-months in Manatee. For Manatee condos, the month’s supply decreased by 7.3 percent to 3.8-months. Sarasota condos decreased by 18.9 percent to 4.3-months’ supply. Year-over-year, the combined inventory in both counties decreased by 24.8 percent. Condo inventory decreased by 9.4 percent in Manatee and by 14.2 percent in Sarasota. The supply of single-family homes decreased by 28.6 percent in Manatee and by 33.7 percent in Sarasota. Low inventory continues to drive up median prices. Single-family home prices in Manatee County increased by 3.2 percent to $325,000 and in Sarasota, prices increased by 5.2 percent to $305,000. Condo prices increased by 7.7 percent to $214,230 in Manatee and rose by 6.8 percent to $249,990 in Sarasota. Click HERE to download the report. For Specific Information contact Ed Bertha at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article

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May 2020 Sarasota Manatee Real Estate Sales Recap

May 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and townhome sales.

Housing Market begins to bounce back in May, but down from last year. Housing data for May 2020 confirms another month of slowed market activity in Sarasota and Manatee due to the coronavirus pandemic. According to the data the two counties saw a decline in sales and supply, causing median prices to rise again. Pending sales and new listings decreased from last year but month-over-month improvements point to a positive return to pre-pandemic conditions. Closed sales declined year-over-year in May of 2020, a 43.5 percent decrease to 1,399 closed sales in the two-county area. In Sarasota, single-family home sales decreased by 41.4 percent to 562 and condo sales decreased by 47 percent to 242 sales. Manatee single-family sales decreased by 38.7 percent to 445 sales while condo sales decreased by 49.2 percent to 150 sales. When compared to last month, the combined pending sales in both counties increased by 80.9 percent for condos and by 60 percent for single-family homes. Year-over-year, pending sales decreased for condos but showed slight improvements in single-family homes. For single-family homes, pending sales increased by 10.9 percent in Manatee and made no change from last year in Sarasota. The condo market showed a 5.7 percent decrease in pending sales in Sarasota and an 8 percent decrease in Manatee. Median sales prices for Sarasota and Manatee counties increased overall from May of 2019. Single-family home prices in Manatee County increased by 1.6 percent to $325,000 but decreased by 2.4 percent to $297,995 in Sarasota. Median prices for the condo market increased by 9.5 percent to $229,950 in Manatee and by 1.6 percent to $241,750 in Sarasota. The number of properties added to the market this month decreased overall from last year but showed improvement from last month. Combined for both markets in both counties, new listings increased by 35.8 percent from April of 2020. Condo new listings increased year-over-year in Manatee County by 7.8 percent. However, Sarasota condo new listings decreased by 15 percent from last year. For single-family homes, new listings fell by 11.7 percent in Manatee and decreased by 6.6 percent in Sarasota from May 2019. Year-over-year, the combined inventory in both counties decreased by 19.3 percent. Condo inventory in Manatee County showed some improvement with a 0.6 percent increase. Sarasota County condo inventory decreased by 18.6 percent. The supply of single-family homes decreased by 20.8 percent in Manatee and by 25.1 percent in Sarasota. The months’ supply of inventory is at or below 4.5 months across all markets in Sarasota and Manatee counties. For Manatee condos, the month’s supply increased by 4.8 percent to 4.4-months. Sarasota condos decreased by 21.1 percent to a 4.5-months’ supply. Sarasota single-family homes decreased by 28.9 percent to a 3.2-months’ supply and Manatee single-family homes fell to 3-months, a 21.1 percent decrease from last year. Click HERE to download the report. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article

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April 2020 Sarasota Manatee Real Estate Sales Recap

April 2020 Real Estate Market Activity Recap.

Sarasota and Manatee single family home, condo and townhome sales.

Residential Sales Fall While Prices Continue To Rise. With April’s stay-at-home order a pause in the housing market was expected. Significant decreases in overall market activity were the result when compared to April 2019. Sarasota and Manatee counties experienced declines in closed sales, pending sales and new listings, while median prices stay on the rise. A total of 1,628 closed sales were reported in April 2020 for the two-county area, a 23.8 percent decrease from the same time last year. In Sarasota, single-family sales decreased by 20.3 percent to 632 sales and condo sales decreased by 29.3 percent to 314 sales. Manatee single-family homes decreased by 21.2 percent to 499 sales while condo sales decreased by 30.9 percent to 183 sales. Median sales prices continue to increase year-over-year, even amid the coronavirus pandemic. Single-family home prices in Manatee County increased by 7.9 percent to $340,000. In Sarasota, single-family prices increased by 8 percent to $313,250. Condo prices increased by 7.9 percent to $212,000 in Manatee and decreased by 0.4 percent to $234,863 in Sarasota. New listings, or the number of properties added to the market this month, decreased year-over-year. Condo new listings decreased by 44.1 percent in Manatee and by 33.8 percent in Sarasota. For single-family homes, new listings decreased by 30.4 percent in Manatee and by 34 percent in Sarasota. The number of properties that went under contract in April 2020 decreased across the markets in both counties. For single-family homes, pending sales decreased by 39 percent in Sarasota and by 36.7 percent in Manatee. The condo market showed a 52 percent decrease in pending sales in Sarasota and a 53.3 percent decrease in Manatee. Year-over-year, the combined inventory in the two counties decreased by 18.1 percent. Single family home inventory decreased by 15.6 percent in Manatee and by 23.6 percent in Sarasota. Condo inventory fell by 4.7 percent in Manatee and by 19 percent in Sarasota. The month’s supply of inventory reflects a sellers’ market in April. Sarasota condo inventory decreased by 25.8 percent to a 4.6-months’ supply and Manatee condos decreased by 6.4 percent to a 4.4-months’ supply. Sarasota single-family homes decreased by 30 percent to a 3.5-months’ supply and Manatee single-family homes fell to 3.3-months, a 17.5 percent decrease from last year. The median time to contract for single-family homes decreased by 45.8 percent in Manatee County and by 40 percent in Sarasota. For condos, the time from listing to contract went down by 34.5 percent in Sarasota and by 4.7 percent in Manatee. Click HERE to download the report. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Reprinted with permission of Florida Realtors. All rights reserved. ©Florida Realtors® Read the full article