SARASOTA, FLORIDA, November 13, 2017 – Combined closed sales of the Manatee and Sarasota home market dropped a hefty 16.8 percent in September, but local realtors aren’t worried about a crash.
The decline in sales was mainly attributed to the business days lost because of Hurricane Irma. Healthy gains noted in both prices and inventory during the month provide continuing optimism on near-term prospects for Manatee and Sarasota homes for sale.
In Sarasota, the September median price of single family homes rose by 8.4 percent to $269,900, while the median price of Sarasota condos for sale saw an 11.2 percent increase to $220,000. The median price for single family homes in Manatee, on the other hand, was up by 9.3 percent to $295,000 during the month, while its condo prices increased by 2 percent to $181,500.
Setting the ground for a post-Irma market rebound, overall home inventory in the two counties rose by 1.9 percent for single family homes and by 2.9 percent for condos. These gains reflect the typical inventory growth in the fall season which could be seen as well in the spate of new listings which have been coming in this October which should provide more choices for prospective buyers of Manatee and Sarasota homes for sale.
For median-priced single family homes for sale in Sarasota, the well-established community of Colonial Oaks has a recently listed three-bedroom residence with a floor area of 1,738 square feet. A rarely listed home at the same mid-range could be found too at the Denham Acres just east of Stickney Point Road. At the upper $200s level, Ringling Park off Tuttle Avenue and Fruitville Road has a similar new choice as well.
Extend home searches to Osprey, and the finds would include the new multifamily home builds of D.R. Horton at the Bay Street Village. Priced in the low $200s, a townhouse under construction in this community was sales listed recently, featuring two bedrooms and two baths within a living area of 1,244 square feet.
Moving north to Bradenton, the recent crop of sales listings for mid-priced single family residences are bountiful too. These new selections of Bradenton homes for sale include not only pre-owned resale homes at existing communities such as Highland Lakes. Several builders developing new Bradenton neighborhoods have joined in the fray, offering their models under construction at such developments as Cottages of San Lorenzo and Del Tierra.
For retiring baby boomers, newly listed condos at easier price ranges in the $100s and the $200s could be toured at the over-55 community of Mount Vernon off Cortez Road. This neighborhood, which was developed in the late 1970s, offers a mix of one-story villas and two-story apartments built adjacent to Sarasota Bay.
The home choices in Mount Vernon range in size from 1,134 square feet up to 1,525 square feet, and all are designed with two bedrooms and two baths. A maintenance-included development, Mount Vernon provides plenty of amenities including a community pool, tennis courts, shuffle board and kayak launch.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>