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Sarasota & Bradenton Year End Real Estate Stats 2017 Home Sales & Values Statistics

 

There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
Andrew Duncan, #1 RE/MAX Agent in Florida discusses with his guests, Robert Johnson from his team and Richard Vasquez of Artisan Insurance, the 2017 year end real estate stats for home sales and values and what to expect in 2018 for Sarasota, Bradenton, and Manatee.  He discusses the drop in distressed sales and the overall improvement in median prices as well as overall sales.

In Sarasota, the average sales price is $414,000 compared to $327k last year. There is 4.1 months of inventory vs 4.3 last year. Single family home sales in Manatee county is up from 420 sales last year to 460 this year. More are being paid in cash. The average sales price in Manatee county is $362k compared to $338k last year and 4.2-4.3 months of inventory.










There were more sales of condo and townhouses in Sarasota compared to sales in 2016. 325 homes were sold in 2017 compared to 258 the previous year. The average sales price was $493k compared to $322k the year before.


Rarely do you see the average sales price of a single family home be lower than the average sales price of the condo. This is because there has been a lot of development in the Sarasota county which are mostly waterfront and high end. It is also that time of the year where the wealthy Northeners or snowbirds are in town.

In Manatee county, the average sales price of townhomes and condos is $222k. There were 186 closed sales compared to 160 in 2016 and 4.2-4.3 months of inventory.

In the Sarasota and Manatee counties, we see more new construction sales. More new developments have been built and more smart home technology emerging.


To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sunday at 10 am.

The Duncan Duo Has Barbara Corcoran's Seal of Approval




Whether she’s investing in the best entrepreneurs on Shark Tank or hiring the best real estate agents for the Corcoran Group, Barbara Corcoran knows that doing your homework pays off.

That’s why she endorses the The Duncan Duo.

She recognizes our proven success, because the numbers don’t lie.


On average, The Duncan Duo sells a home every 8 hours.



We attract full-price offers every day due to our extensive marketing.

On average, we sell a home every 8 hours.

To find out why we have more 5-star reviews than any other real estate agent in Tampa Bay, visit our website www.duncanduo.com

To see her full endorsement, watch this short video.

Tampa Bay Year End Financial Review – Don’t forget about possibly refinancing

 

There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
Andrew and Angela Duncan, #1 RE/MAX Agent in Floridatalk to Mike Yates of Atlantic Bay Mortgage about refinancing. This is the time of the year that people review their current situation and plan for the next year.

For those not selling or plan to hold on to their home longer, this is a good time to look into refinancing. Rates are still historically low. There are still a lot of opportunity with the housing market gains the last couple of years. Your home might have more equity than you think. You can use it to pay some of you debt off, maybe use it for upcoming expenses like home improvement or you may just want to get your home paid quicker. Traditionally 10-15 year mortgages not only save you a ton of money on the back end but also have better interest rates than 30 year ones.

If you went through some tragic credit issues before like a foreclosure or filed for bankruptcy in the past,you might be surprised at the possibilities that might be available to you in a refinance situation. Time heals a lot of wounds in the credit world. Your credit might not have been high enough before but the lender you speak with may be able to give you quick tips on how to get you to that point quicker or although you went through foreclosure or bankruptcy, you might already be able to qualify for refinancing.


To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sunday at 10 am.