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

 

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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.

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