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Listen as Andrew Duncan, Tampa Bay's #1 Realtor and expert together with Arnie Diaz of Waterstone Mortgage talk about the Sarasota and Manatee Real Estate statistics for February.
Based on the year over year stats, in February 2016, there were 506 home sales in Sarasota county compared to 580 sales last year. Number of homes sold for cash is 240 homes this year and 290 homes last year. The average sale price went from $296,000 to $376,000 which shows significant appreciation of almost 30%. These are for single family homes.
In Manatee, there was a 10% drop in the number of home sales this year compared to last year. The average sale price went from $313,000 to $326,000 which is about a 4% growth.
The number of sales increased for Townhouses and Condos. They had a 10% increase in the number of sales and an average sale price increase of almost 30%. Same with in the Manatee county where they had about 20% increase in home sales but a decrease in the average sale price for townhouses and condos.
Andrew talks about how prices are going to rise but the number of homes sold will drop this year because of the lack of inventory and some underlying economic obstacles that might start to stabilize things and slow down the market.
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 Sundays at 10 am.
Based on the year over year stats, in February 2016, there were 506 home sales in Sarasota county compared to 580 sales last year. Number of homes sold for cash is 240 homes this year and 290 homes last year. The average sale price went from $296,000 to $376,000 which shows significant appreciation of almost 30%. These are for single family homes.
In Manatee, there was a 10% drop in the number of home sales this year compared to last year. The average sale price went from $313,000 to $326,000 which is about a 4% growth.
The number of sales increased for Townhouses and Condos. They had a 10% increase in the number of sales and an average sale price increase of almost 30%. Same with in the Manatee county where they had about 20% increase in home sales but a decrease in the average sale price for townhouses and condos.
Andrew talks about how prices are going to rise but the number of homes sold will drop this year because of the lack of inventory and some underlying economic obstacles that might start to stabilize things and slow down the market.
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 Sundays at 10 am.
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