January was another hot month for real estate in Sarasota and Manatee County! According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), closed sales increased year-over-year by 23.6 percent across the two-county market.
In January, closed sales of single-family homes in Sarasota and Manatee counties totaled 1,181, up by 21.1 percent year-over year, while condo sales totaled 721, up 27.8 from January 2020. Single-family home sales increased by 17.9 percent in Sarasota County and by 25.6 percent in Manatee. Condo sales increased year-over-year by 32.6 percent in Sarasota and by 20.5 percent in Manatee.
In the two-county area, prices for both single-family homes and condos rose year-over-year in January.
In Manatee County, the median price for single-family homes increased by 12.3 percent to $370,000, higher than any previously recorded price. As for Manatee condos, the median sales price increased by 10 percent to $231,000. In Sarasota County, the median price for single-family homes was $340,004, up 14.9 percent from a year ago, and condo prices rose by 9.1 percent to $302,250. The median is the midpoint; half the homes sold for more, half for less.
As we look back now, these numbers are staggering yet consistent with today’s market. We are in a boon and anyone that’s thinking of selling is going to get top dollar for their home, condo, townhouse or lot.