The Manatee Association of Realtors today reported a sixth consecutive month of sales gains thanks to first-time home buyers taking advantage of the most favorable conditions.
In total, 305 single-family homes changed owners in June, an increase of 66.6% over six months ago and 8.9% ahead of the May figure.
Furthermore, sales of foreclosed, bank-owned and short sale properties continue to shrink in June. Those properties, which typically sell below market prices, made up 42% of all single-family home sales in Manatee County. That compares to 60% in January, 74% in February, 68% in March and 51% in April, 55% in May.
Manatee County median sales price for existing homes in June was $190,000, up from last month's $164,750. But the association noted that according to housing industry analysts with the National Association of Realtors, sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount.
The trend for pending single-family home sales has been steadily moving upward during the past six months. June data reports well over a 50% increase in pending single-family home sales with 687 under contract compared to 324 reported in May. The number of single family homes listed on the Multiple Listing Service also dropped from 7,075 one year ago to 5,448 at the end of June.
Housing statistics are provided by the Manatee Association of Realtors and are based on data supplied by the Mid-Florida Regional Multiple Listing Service.
Currently 0 Responses
18 Live It Up! with Parkinsons
10:00 am - 2:00 pm
18 Summer Circus Spectacular
11:00 am - 12:00 pm
18 'Last Night Out' - Brides Against Breast Cancer Fundraiser
5:30 pm - 9:00 pm
19 Lakewood Ranch Business Alliance June Executive Briefing - "Creating a Social Media policy at your place of business"
7:30 am - 9:00 am
Home in Revised Siesta sells for $3.6 million
A home in Revised Siesta tops all transactions in this week's real estate. The Northern Trust Co. and Gordon Holmes, trustees, of Naples sold the home at 3332 Gulfmead Drive to Sam Norton, trustee, of Sarasota, for $3.6 million. Built in 1970, it has four bedrooms, two-and-a-half baths and 3,084 square feet of living area.
Country Club home sells for $870,000
A home in County Club Village at Lakewood Ranch tops all transactions in this week’s real estate. Robert and Denise Sousa, of Orange, Conn., sold their home at 13211 Lost Key Place to George Ristow, of Bradenton, for $870,000.
Vizcaya condominium sells for $1,987,500
A condominium in Vizcaya at Longboat Key tops all transactions in this week’s real estate. Deborah Cook and Victor Cook Jr., trustees, of Columbus, Ohio, sold the Unit 2E2 condominium at 2377 Gulf of Mexico Drive to Frank and Katherine Martucci, of Ancramdale, N.Y., for $1,987,500. Built in 1997, it has three bedrooms, three baths and 3,169 square feet of living area. It previously sold for $2,320,000 in 2005.