The real estate market for townhomes and condos in both Manatee and Sarasota counties was great for sellers in the first half of 2018. Between the two counties, almost $1.3 billion worth of homes sold from January through June. The table below shows some of the highlights from the first half of this year.
Category: Home Selling
We saw a very solid real estate market for single family homes in the first half of 2018 in both Manatee and Sarasota counties. Between the two counties, almost $3 billion worth of homes sold from January through June. The table below shows some of the highlights from the first half of this year.
While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 6.8%.
The Sarasota and Manatee county markets for condos & townhomes are currently moving in lockstep. Both markets are Seller’s markets for condos & townhomes priced below $400,000, Balanced markets for condos & townhomes priced between $400,000 and $600,000, and Buyer’s markets above $600,000.
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends will give you a good idea of what to expect.