Real Estate Outlook – Sarasota & Manatee Counties July 2012
Despite the typically slower summer months, our market is showing signs of increased pending
activity compared to both last month and last year. The decrease in sold properties reflects the
temporary pause in activity from last month caused by Tropical Storm Debby.
Listings are staying on the market for a shorter period of time as the competition for available
properties increases. The average number of days on the market dropped 5.6% in Sarasota
County 3.9% in Manatee County month over month and 13.4% in Sarasota County and 10.9%
in Manatee County year over year. This is in line with the experience of our agents, who report
an increased occurrence of multiple offers on competitively priced properties.
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
5,366 |
-6.1% |
7,062 |
-24.0% |
| Sold |
795 |
-17.9% |
731 |
+8.8% |
| Pending |
958 |
+10.0% |
687 |
+39.4% |
| Sold Average Days on
Market |
168 |
-5.6% |
194 |
-13.4% |
| Median Sold Price |
$151,000 |
-0.5% |
$140,000 |
+7.9% |
| Months Supply of
Inventory |
4.2 |
-17.1% |
8.6 |
-51.6% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
4,021 |
-3.8% |
4,842 |
-17.0% |
| Sold |
555 |
-13.4% |
504 |
+10.1% |
| Pending |
709 |
-14.2% |
484 |
+46.5% |
| Sold Average Days on
Market |
171 |
-3.9% |
192 |
-10.9% |
| Median Sold Price |
$169,900 |
+6.9% |
$163,250 |
+4.1% |
| Months Supply of
Inventory |
4.2 |
-20.5% |
8.3 |
-49.7% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
327 |
-5.2% |
430 |
-24.0% |
| Sold |
28 |
-17.6% |
23 |
+21.7% |
| Pending |
35 |
+25.0% |
22 |
+59.1% |
| Sold Average Days on
Market |
289 |
+40.3% |
286 |
+1.0% |
| Median Sold Price |
$294,000 |
-23.1% |
$390,000 |
-24.6% |
| Months Supply of
Inventory |
7.7 |
+27.5% |
17.6 |
-56.0% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
1,999 |
-3.5% |
2,529 |
-21.0% |
| Sold |
283 |
-14.2% |
259 |
+9.3% |
| Pending |
367 |
-16.5% |
254 |
+44.5% |
| Sold Average Days on
Market |
175 |
+4.2% |
176 |
-0.6% |
| Median Sold Price |
$125,000 |
0.0% |
$129,000 |
-3.1% |
| Months Supply of
Inventory |
4.0 |
-21.6% |
8.3 |
-51.6% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
324 |
+3.9% |
380 |
-9.2% |
| Sold |
66 |
+3.1% |
55 |
+20.0% |
| Pending |
75 |
+41.5% |
55 |
+36.4% |
| Sold Average Days on
Market |
145 |
-12.1% |
184 |
-21.2% |
| Median Sold Price |
$267,500 |
-7.2% |
$300,000 |
-10.8% |
| Months Supply of
Inventory |
3.2 |
-34.5% |
5.4 |
-41.2% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
2,919 |
-6.2% |
3,825 |
-23.7% |
| Sold |
446 |
-22.2% |
408 |
+9.3% |
| Pending |
569 |
+14.3% |
396 |
+43.7% |
| Sold Average Days on
Market |
163 |
-11.4% |
189 |
-13.8% |
| Median Sold Price |
$163,584 |
-6.0% |
$161,225 |
+1.5% |
| Months Supply of
Inventory |
3.7 |
-22.2% |
7.9 |
-53.6% |
Longboat Key - (Zip Code 34228. Does not include St. Armand’s Circle or Bird Key)
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
515 |
-5.0% |
631 |
-18.4% |
| Sold |
42 |
-23.6% |
37 |
+13.5% |
| Pending |
35 |
-2.8% |
39 |
-10.3% |
| Sold Average Days on
Market |
233 |
-24.1 |
247 |
-5.7% |
| Median Sold Price |
$607,500 |
+10.5% |
$412,500 |
+47.3% |
| Months Supply of
Inventory |
12.3 |
-6.5% |
14.2 |
-13.3% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
443 |
-4.9% |
617 |
-28.2% |
| Sold |
33 |
-46.8% |
38 |
-13.2% |
| Pending |
39 |
+2.6% |
34 |
+14.7% |
| Sold Average Days on
Market |
246 |
-6.8% |
308 |
-20.1% |
| Median Sold Price |
$400,000 |
-9.6% |
$410,000 |
-2.4% |
| Months Supply of
Inventory |
9.4 |
-9.5% |
15.1 |
-40.0% |
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
1,013 |
-5.1% |
1,306 |
-22.4% |
| Sold |
149 |
-8.6% |
148 |
+0.7% |
| Pending |
181 |
+6.5% |
119 |
+52.1% |
| Sold Average Days on
Market |
173 |
+24.5% |
203 |
-14.8% |
| Median Sold Price |
$171,000 |
+14.0% |
$140,000 |
+22.1% |
| Months Supply of
Inventory |
4.2 |
-12.4% |
9.3 |
-54.8% |
ENGLEWOOD -
| Residential
(Single Family & Condo) |
July 2012 |
Change
vs. Prior Month (June) |
July 2011 |
Change vs. 2011 |
| Available Inventory |
741 |
-5.4% |
955 |
-22.4% |
| Sold |
76 |
+7.0% |
59 |
+28.8% |
| Pending |
87 |
+7.4% |
54 |
+61.1% |
| Sold Average Days on
Market |
206 |
+21.2% |
251 |
-17.9% |
| Median Sold Price |
$124,700 |
+4.0% |
$85,500 |
+45.8% |
| Months Supply of
Inventory |
6.9 |
-12.6% |
15.4 |
-55.1% |
For a printable version of this report
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MLS: MFRMLS Price: All Construction Type: All Bedrooms: All Baths: All Lot Size: All Sq Ft: All
Property Types: Residential (Half Duplex, Duplex, Co-Op, Condominium, Home w/Rental Unit, Income, Manufactured/Mobile
Home, Modular, Planned Unit Development, Ranch, Single Family Home, Townhouse, Villa, Two-Story Residential)
This report is developed monthly and is based on information from
The MFRMLS Multiple Listing Service for the period stated above.
For more information about any of the figures seen in this report or to inquire about additional statistics,
please contact Peter Crowley, 941-316-6569 or email pcrowley@alliancegroupfl.com