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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 2021 versus 2020:
The Number of SOLD listings increased by 8% to 10178 properties with a top sale of $10.15 million at 5965 GULF OF MEXICO DR in LONGBOAT KEY.
The Average Sales Price increased by 27% to $512000 moving the Average Price Per Square Foot up to $253 per square foot.
The inventory of properties available for sale as measured in months supply had no change with to 1 month worth of properties for sale.
The average 30 year fixed mortgage rate increased to 3.27% 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
2020 – $403470
2021 – $511894
27% up
Average Days On Market
2020 – 73
2021 – 30
59% down
Average Sale Price Per Square Foot
2020 – $197
2021 – $253
28% up
Sale to List Price Ratio
2020 – 97.90%
2021 – 100.00%
2% up
Number of Sold Listings
2020 – 9447
2021 – 10178
8% up
Months Supply of Inventory
2020 – 1
2021 – 1
0% no change
Mortgage Rate
2020 – 2.96%
2021 – 3.27%
10% up
Top 10 Sales
- $10150000 5965 GULF OF MEXICO DR LONGBOAT KEY, MA
- $9750000 6600 BAYOU HAMMOCK RD LONGBOAT KEY, MA
- $9100000 5050 GULF OF MEXICO DR LONGBOAT KEY, MA
- $8700000 5134 GULF OF MEXICO DR LONGBOAT KEY, MA
- $7500000 612 JUAN ANASCO DR LONGBOAT KEY, MA
- $7130000 5005 GULF OF MEXICO DR Unit#1 LONGBOAT KEY, MA
- $7000000 715 N SHORE DR ANNA MARIA, MA
- $6850000 771 OLD COMPASS RD LONGBOAT KEY, MA
- $6800000 805 N SHORE DR ANNA MARIA, MA
- $6755000 10216 46TH AVE W BRADENTON, MA
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