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He starts off with the year over year statistics for Manatee county. Single Family home sales from August 2015 to August 2016 rose from 506 to 572 while the average sale price was pretty much flat at $315,000 (Aug 2015) to $314,080. Townhomes, condos and multi-families had an increase in home sales from 155 to 225 year over year but the average sale price dropped from $210,000 to $199,000.
Moving on to Sarasota county, the single family home sales dropped from 755 to 668, year over year, which was an 11% drop in the number of homes sold. The average sale price increased from $331,000 to $359,394. Townhomes, condos and multi-family home sales had a 6.5% drop from 293 to 274. The average sale price went up from $304,000 to $330,000.
In a nutshell, Manatee has more home sales but the average sales price was either flat or lower while Sarasota had fewer home sales in August but higher sales price. Andrew believes that inventory has a play in both markets.
As mentioned, it is the In season for Sarasota and Manatee. This is the time of year when people who are retiring and looking to move to Sarasota or Manatee Counties or looking for a second or vacation home. While in Tampa, this is the time when kids are back in school, not much seasonality in the Metro Tampa but it is a slower time of year.
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