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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 October 2021 versus September 2021:
The Number of SOLD listings decreased by 5% to 738 properties with a top sale of $7 million at 715 N SHORE DR in ANNA MARIA.
The Average Sales Price decreased by 2% to $519000 moving the Average Price Per Square Foot down to $260 per square foot.
The inventory of properties available for sale as measured in months supply had no change with to 1 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 3.24% 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
September 2021 – $527389
October 2021 – $519291
2% down
Average Days On Market
September 2021 – 19
October 2021 – 17
11% down
Average Sale Price Per Square Foot
September 2021 – $266
October 2021 – $260
2% down
Sale to List Price Ratio
September 2021 – 100.47%
October 2021 – 100.32%
0% no change
Number of Sold Listings
September 2021 – 774
October 2021 – 738
5% down
Months Supply of Inventory
September 2021 – 1
October 2021 – 1
0% no change
Mortgage Rate
September 2021 – 3.17%
October 2021 – 3.24%
2% up
Top 10 Sales
- $7000000 715 N SHORE DR ANNA MARIA, MA
- $4700000 915 N SHORE DR ANNA MARIA, MA
- $3950000 714 JACARANDA RD ANNA MARIA, MA
- $3750000 101 67TH ST Unit#1 HOLMES BEACH, MA
- $3600000 8341 LINDRICK LN BRADENTON, MA
- $3450000 3017 AVENUE E HOLMES BEACH, MA
- $3200000 804 N SHORE DR ANNA MARIA, MA
- $2600000 410 PINE AVE ANNA MARIA, MA
- $2400000 813 JACARANDA RD ANNA MARIA, MA
- $2350000 317 HARDIN AVE ANNA MARIA, MA
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