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March 2020 Real Estate Activity In Sarasota Manatee

March 2020 Real Estate Activity In Sarasota Manatee

Sarasota and Manatee single family home, condo and townhome sales - including distressed sales. Residential Sales Rise While Market Slowdown Begins. The March housing market transitioned from a soaring spring season to a slowdown in activity when COVID-19 concerns began to rise mid-month. Most pending sales from the previous month became closed sales in March with an 8.3 percent rise in closed sales for both markets in Sarasota and Manatee. Fewer properties were added to the market in March, which was expected during the coronavirus pandemic. Closed sales in Sarasota and Manatee totaled 2,249 in March 2020, a 31.5 percent increase from the previous month, February of 2020. Year-over-year, Sarasota condo sales increased by 15.5 percent to 454 sales and single-family sales increased by 7.2 percent to 834 sales in Sarasota County. Manatee condo sales increased by 9.8 percent to 303 sales and single-family homes increased by 4.6 percent to 658 sales. Median prices continue to rise across the two-county area. Single-family home prices increased by 2.4 percent to $319,500 in Manatee and increased by 10.5 percent to $315,000 in Sarasota. Condo prices increased by 5.7 percent to $215,000 in Manatee and increased by 7.5 percent to $245,000 in Sarasota. For the condo market, new listings decreased by 5.2 percent in Manatee and by 1 percent in Sarasota. Single-family new listings decreased by 3.3 percent in Manatee and decreased by 11.4 percent in Sarasota. As expected, pending sales experienced a decrease in both markets in both counties. Combined for Sarasota and Manatee, single-family pending sales decreased by 32.9 percent and condo pending sales decreased by 39.5 percent. Year-over-year, the combined inventory in both markets decreased by 16.8 percent. Single­family home inventory decreased by 14.1 percent in Manatee and by 22 percent in Sarasota. Condo inventory in Manatee decreased by 3.8 percent, while Sarasota decreased by 17.9 percent. The month's supply of inventory also declined in response to shrinking inventory and a rise in sales this month. Sarasota condo inventory declined by 28.1 percent to a 4.6-months' supply and Manatee condos decreased by 8.3 percent to a 4.4-months' supply. Sarasota single-family homes decreased by 30.2 percent to a 3.7-months' supply and Manatee fell by 19 percent to 3.4-months. Download the complete March Sarasota/Manatee real estate summary by clicking HERE. Information courtesy of Ed Bertha Kim Burns, Red Line Investors dba Burns & Bertha. DiscoverSuncoastHomes.com Read the full article

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September 2020 Sarasota Manatee Real Estate Sales Snapshot

September 2020 Real Estate Activity in Sarasota Manatee.

Snapshot Of Single Family Home, Condominium and Town Home Sales, Active, Pending, Expired and Off Market Listings.

Real Estate statistics for the month of September pulled from Stellar MLS. Download the report below. Formatting of data and production of report courtesy of Ed Bertha, Broker/Principal, at Red Line Investors dba Burns and Bertha. Download the report HERE. 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 Data courtesy of Stellar MLS. Read the full article

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August 2020 Sarasota Manatee Real Estate Sales Snapshot

August 2020 Real Estate Activity in Sarasota Manatee.

Snapshot Of Single Family Home, Condominium and Town Home Sales, Active, Pending, Expired and Off Market Listings.

Real Estate statistics for the month of July pulled from Stellar MLS. Download the report below. Formatting of data and production of report courtesy of Ed Bertha, Broker/Principal, at Red Line Investors dba Burns and Bertha. Download the report HERE. 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 Data courtesy of Stellar MLS. Read the full article

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July 2020 Sarasota Manatee Real Estate Sales Snapshot

July 2020 Real Estate Activity in Sarasota Manatee.

Snapshot Of Single Family Home, Condominium and Town Home Sales, Active, Pending, Expired and Off Market Listings.

Real Estate statistics for the month of July pulled from Stellar MLS. Download the report below. Formatting of data and production of report courtesy of Ed Bertha, Broker/Principal, at Red Line Investors dba Burns and Bertha. Download the report HERE. 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 Data courtesy of Stellar MLS. Read the full article

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June 2020 Sarasota Manatee Real Estate Sales Snapshot

June 2020 Real Estate Activity in Sarasota Manatee.

Snapshot Of Single Family Home, Condominium and Town Home Sales, Active, Pending, Expired and Off Market Listings.

Real Estate statistics for the month of June pulled from Stellar MLS. Download the report below. Formatting of data and production of report courtesy of Ed Bertha, Broker/Principal, at Red Line Investors dba Burns and Bertha. Download the report HERE. 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 Data courtesy of Stellar MLS. Read the full article

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May 2020 Sarasota Manatee Real Estate Sales Snapshot

May 2020 Real Estate Activity in Sarasota Manatee.

Snapshot Of Single Family Home, Condominium and Town Home Sales, Active, Pending, Expired and Off Market Listings.

Real Estate statistics for the month of May pulled from Stellar MLS. Download the report below. Formatting of data and production of report courtesy of Ed Bertha, Broker/Principal, at Red Line Investors dba Burns and Bertha. Download the report HERE. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Data courtesy of Stellar MLS. Read the full article

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April 2020 Sarasota Manatee Real Estate Sales Snapshot

April 2020 Real Estate Activity In Sarasota Manatee.

Hot off the press. Snapshot of real estate sales activity for March 2020; single family & condos in Sarasota Manatee. Download the report below. Download the report HERE. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Data courtesy of Stellar MLS. Read the full article

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March 2020 Sarasota Manatee Real Estate Sales Recap

March 2020 Real Estate Market Activity Recap.

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

Residential Sales Rise While Market Slowdown Begins. The March housing market transitioned from a soaring spring season to a slowdown in activity when COVID-19 concerns began to rise mid-month. Most pending sales from the previous month became closed sales in March with an 8.3 percent rise in closed sales for both markets in Sarasota and Manatee. Fewer properties were added to the market in March, which was expected during the coronavirus pandemic. Closed sales in Sarasota and Manatee totaled 2,249 in March 2020, a 31.5 percent increase from the previous month, February of 2020. Year-over-year, Sarasota condo sales increased by 15.5 percent to 454 sales and single-family sales increased by 7.2 percent to 834 sales in Sarasota County. Manatee condo sales increased by 9.8 percent to 303 sales and single-family homes increased by 4.6 percent to 658 sales. Median prices continue to rise across the two-county area. Single-family home prices increased by 2.4 percent to $319,500 in Manatee and increased by 10.5 percent to $315,000 in Sarasota. Condo prices increased by 5.7 percent to $215,000 in Manatee and increased by 7.5 percent to $245,000 in Sarasota. For the condo market, new listings decreased by 5.2 percent in Manatee and by 1 percent in Sarasota. Single-family new listings decreased by 3.3 percent in Manatee and decreased by 11.4 percent in Sarasota. As expected, pending sales experienced a decrease in both markets in both counties. Combined for Sarasota and Manatee, single-family pending sales decreased by 32.9 percent and condo pending sales decreased by 39.5 percent. Year-over-year, the combined inventory in both markets decreased by 16.8 percent. Single­family home inventory decreased by 14.1 percent in Manatee and by 22 percent in Sarasota. Condo inventory in Manatee decreased by 3.8 percent, while Sarasota decreased by 17.9 percent. The month's supply of inventory also declined in response to shrinking inventory and a rise in sales this month. Sarasota condo inventory declined by 28.1 percent to a 4.6-months' supply and Manatee condos decreased by 8.3 percent to a 4.4-months' supply. Sarasota single-family homes decreased by 30.2 percent to a 3.7-months' supply and Manatee fell by 19 percent to 3.4-months. 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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March 2020 Sarasota Manatee Real Estate Sales Snapshot

March 2020 Real Estate Activity In Sarasota Manatee.

Hot off the press. Snapshot of real estate sales activity for March 2020; single family, condo & townhomes in Sarasota Manatee. Download the report below. Download the report HERE. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Data courtesy of Stellar MLS. Read the full article

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February 2020 Sarasota Manatee Real Estate Sales Snapshot

February 2020 Real Estate Activity In Sarasota Manatee.

Hot off the press. Snapshot of real estate sales activity for February 2020; single family, condo & townhomes in Sarasota Manatee. Download the report below. Download the report HERE. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Burns & Bertha - Changing Lives - Red Line Investors - © 2020 www.DiscoverSuncoastHomes.com Data courtesy of Stellar MLS. Read the full article