Full Steam Ahead – The Real Estate Market Recovery Continues

By | January 28, 2013

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Real Estate Outlook – Sarasota & Manatee Counties December 2012

Real estate sales continued to increase, with December sales rising 8.1% in Sarasota County
and 6% in Manatee County compared to November.

In Sarasota County, the median sold price was $165,000, which was 6.5% above

November’s price, and 21.8% above last December’s price of $135,500. In Manatee

County, the median sold price was $164,900, 3.7% above the previous month and 9.9%

above last December’s price of $150,000.

The trend throughout 2012 has been very consistent and pointing toward a market in full
recovery mode. Inventory has significantly decreased, demand is steadily increasing, houses
are staying on the market for less time and prices are increasing. While the percentages may

change in 2013, we expect this trend to continue.

SARASOTA COUNTY

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 5,449 -2.2% 6,958 -21.7%
Sold 925 +8.1% 802 +15.3%
Pending 809 -4.8% 677 +19.5%
Sold Average Days on

Market

158 +2.6% 186 -15.1%
Median Sold Price $165,000 +6.5% $135,000 +21.8%
Months Supply of

Inventory

5.3 +2.2% 8.7 -38.7%

MANATEE COUNTY

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 3,903 -4.5% 4,858 -19.7%
Sold 669 +6.0% 520 +28.7%
Pending 604 -6.6% 441 +37.0%
Sold Average Days on

Market

151 -4.4% 499 -24.1%
Median Sold Price $164,900 +3.7% $150,000 +9.9%
Months Supply of

Inventory

5.0 +1.4% 9.3 -46.2%

ANNA-MARIA ISLAND

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 311 -1.9% 428 -27.3%
Sold 36 +44.0% 26 +38.5%
Pending 19 -13.6% 22 -13.6%
Sold Average Days on

Market

191 +26.5% 216 -11.6%
Median Sold Price $513,550 +15.9% $388,750 +32.1%
Months Supply of

Inventory

14.6 +17.1% 16.8 -13.0%

BRADENTON

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 1,975 -3.7% 2,499 -21.0%
Sold 350 +6.4% 288 +21.5%
Pending 327 -0.9% 239 +36.8%
Sold Average Days on

Market

155 -2.5% 194 -20.1%
Median Sold Price $125,000 -0.8% $112,500 -11.1%
Months Supply of

Inventory

4.6 -5.5% 8.8 -48.1%

LAKEWOOD RANCH

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 297 -11.6% 384 -22.7%
Sold 76 +8.6% 60 +26.7%
Pending 69 +6.2% 52 +32.7%
Sold Average Days on

Market

137 -35.1% 148 -7.4%
Median Sold Price $294,942 +8.6% $325,000 -9.2%
Months Supply of

Inventory

3.1 -18.7% 5.8 -46.6%

SARASOTA

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 2,760 -3.4% 3,697 -25.3%
Sold 516 +6.2% 444 +16.2%
Pending 453 -9.8% 366 +23.8%
Sold Average Days on

Market

161 +7.3% 191 -15.7%
Median Sold Price $190,750 +9.7% $145,750 +30.9%
Months Supply of

Inventory

4.7 +7.1% 8.5 -44.7%

Longboat Key(Zip Code 34228. Does not include St. Armand’s Circle or Bird Key)

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 507 -0.8% 616 -17.7%
Sold 45 +25.0% 40 +12.5%
Pending 29 -34.1% 28 +3.6%
Sold Average Days on

Market

204 -35.0% 254 -19.7%
Median Sold Price $600,000 +66.7% $435,000 +37.9%
Months Supply of

Inventory

15.6 +54.8% 20.1 -22.7%

Siesta Key

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 415 +2.0% 575 -27.8%
Sold 60 +36.4% 47 +27.7%
Pending 41 -10.9% 38 +7.9%
Sold Average Days on

Market

233 +18.3% 290 -19.7%
Median Sold Price $395,000 +10.6% $380,000 -3.9%
Months Supply of

Inventory

8.6 +14.1% 13.3 -35.0%

Venice

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 1,116 -1.2% 1,303 -14.4%
Sold 180 +7.1% 156 +15.4%
Pending 173 +10.9% 118 +46.6%
Sold Average Days on

Market

145 +5.1% 173 -16.2%
Median Sold Price $183,875 +14.9% $130,000 +41.4%
Months Supply of

Inventory

5.1 -12.7% 9.3 -45.6%

ENGLEWOOD –

Residential

(Single Family & Condo)

November 2012 Change

vs. Prior Month (October)

November 2011 Change vs. 2011
Available Inventory 813 +3.4% 950 -14.4%
Sold 83 +13.7% 77 +7.8%
Pending 74 -9.8% 68 +8.8%
Sold Average Days on

Market

200 +22.0% 177 +13.0%
Median Sold Price $146,000 +12.4% $122,000 +19.7%
Months Supply of

Inventory

9.4 +15.8% 12.2 -23.1%

For a printable version of this report click here

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


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