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Welcome to The Griffin Real Estate Market Update!
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to Stellar MLS, the marketplace for Manatee residential properties, here’s what happened in Q3 2021 versus Q3 2020:
The Number of SOLD listings decreased by 13% to 2355 properties with a top sale of $9.1 million at 5050 GULF OF MEXICO DR in LONGBOAT KEY.
The Average Sales Price increased by 23% to $527000 moving the Average Price Per Square Foot up to $263 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 50% to 1 month worth of properties for sale.
The average 30 years fixed mortgage rate increased to 3.17% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Manatee
Average Sales Price
Q3 2020 – $429496
Q3 2021 – $527274
23% up
Average Days On Market
Q3 2020 – 80
Q3 2021 – 18
78% down
Average Sale Price Per Square Foot
Q3 2020 – $205
Q3 2021 – $263
28% up
Sale to List Price Ratio
Q3 2020 – 97.80%
Q3 2021 – 100.74%
3% up
Number of Sold Listings
Q3 2020 – 2708
Q3 2021 – 2355
13% down
Months Supply of Inventory
Q3 2020 – 2
Q3 2021 – 1
50% down
Mortgage Rate
Q3 2020 – 3.05%
Q3 2021 – 3.17%
4% up
Top 10 Sales
- $9100000 5050 GULF OF MEXICO DR LONGBOAT KEY, MA
- $8700000 5134 GULF OF MEXICO DR LONGBOAT KEY, MA
- $5000000 523 56TH ST HOLMES BEACH, MA
- $5000000 8405 MARINA DR HOLMES BEACH, MA
- $4650000 7937 WATERTON LN LAKEWOOD RANCH, MA
- $4500000 201 BAY DR N BRADENTON BEACH, MA
- $4500000 203 BAY DR N BRADENTON BEACH, MA
- $3950000 673 KEY ROYALE DR HOLMES BEACH, MA
- $3900000 110 ELM AVE ANNA MARIA, MA
- $3650000 6609 GULF OF MEXICO DR LONGBOAT KEY, MA
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