2021 Q3 Market Update WEB

Q3 2021
Sarasota
Real Estate
Market Update
Volume 4 Issue 4
Should I Sell My Home

In This Market? (Or Buy?)
The answer may surprise you
This is not intended as solicitation for properties currently in an exclusive agreement with another Broker
Copyright © 2021 David Ranck LLC
October, 2021 Volume 4 Issue 4
In This Issue:
Should I Sell My Home Now? (Or Buy?) ...................................................... 3
The Current Market ............................................................................3
What’s Coming in 2022? ....................................................................3
So What Should I Do? ........................................................................4
Sarasota County Sales to Median Price....................................................... 4
New Owners Fazed by ‘Hidden’ Costs of Homeownership .......................... 5
How a Real Estate Transaction Works ......................................................... 6
Local Market Statistics ................................................................................. 7
Key to Market Statistics ......................................................................7
Sarasota, Lakewood Ranch, The Islands and Venice Combined Stats ....... 8
Sarasota, Venice, Lakewood Ranch and the Islands Data ..............13
Sarasota Market Stats ................................................................................ 14
Lakewood Ranch Market Stats .................................................................. 16 Visit us at:

VictoriaSellsSarasota.com
The Islands and Downtown Market Stats ................................................... 18
Venice Market Stats ................................................................................... 20
Resources .................................................................................................. 22
Watch the Video! ........................................................................................ 22
Watch the Video!

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Volume 4 Issue 4 Page 3
Should I Sell My Home Now? (Or Buy?)

The real estate market is still Low Mortgage Rates during which the largest
quite hot. Yes, a few signs of Mortgage rates remain at record tranche of millennials, those
cooling are gradually beginning lows. As I'm writing this, a 30- born between 1989 and 1993,
to appear, though they are less year fixed rate mortgage is are hitting their thirties — the
apparent in our area. Does this 2.88% as reported by Freddie age when first-time homebuy-
mean you should jump in and Mac in their Primary Mortgage ing really kicks into gear."
buy or sell so you don't "miss Market Survey.
the opportunity"? It depends. The result has been predictable.
Not everything should be valued Life Changes When supply cannot keep up
in dollars and cents alone. The ongoing international with demand, prices go up. It's
health crisis has prompted economics 101.
The Current Market many changes in our lives, in-
Let's start with a little back- Vacation-home sales will continue to move
ground on the local market, higher this year, next year and for the fore-
where it may be headed and seeable future - Lawrence Yun, NAR
then look at how to make an in-
formed the decision that's right cluding an increase in worker What’s Coming in 2022?
for you. mobility. Working from home is
now an accepted norm. As a re- First, let's be clear: the real es-
Prices are up sult, workers are moving to tate market is not likely to
The median home price in Sara- where they want to live, instead crash. We've written about this
sota and Manatee counties is of being obliged to live near before and have several videos
$366,000, 23% higher than the their workplace. about it on our YouTube chan-
same period last year. Demand nel. According to Fortune.com
is up and inventory is far lower Housing Shortage "the run-up to 2008 housing
than normal. According Realtor There is a severe lack of housing bubble and the hot 2021 housing
.com the number of active list- in the U.S. as a new crop of market are very different bull
ings in the greater Sarasota area prospective homeowners come markets." Back then inventory
is only 24% of what it was in of age. The gap between single was high, owners had low home
2016. family home construction and equity and lending practices
new household formations has were to put it mildly, loose. To-
Demand is up risen to 5.24 million homes ac- day inventory is extremely low,
There are several factors result- cording to Realtor.com. For- equity is high and mortgage
ing in increased demand includ- tune.com says "We’re in the lending practices are tight.
ing the following: middle of the five-year period
The market may not crash but it
is likely to cool in 2022. And I
caution you to always remember
that real estate is Hyper-Local.
Our local trends do not neces-
sarily mirror national trends.
Keep that in mind as you con-
sume data from national
sources.

As an example, we have a high Interest rates are likely to rise afraid you will be disappointed.
number of vacation homes or sometime next year. When the Fortune.com says, "A foreclo-
snowbirds as we call them. Fed adjusts their rates in re- sure meltdown is also unlikely.
Lawrence Yun, chief economist sponse to inflation, mortgage The strong housing market
for the National Assocation of rates will follow. They've held means most of these struggling
Realtors (NAR) had this to say: off so far, but they can't hold off homeowners have positive
"One near-certain aspect of the forever. home equity. So if these home-
post-pandemic economy, when owners decide to walk away,
it comes, is the flexible work Will we see an increase in in- they can simply sell."
schedule,... Therefore, vacation- ventory? Our normal expecta-
home sales will continue to tion is that more homes will be Buyers are feeling fatigued by
move higher this year, next year listed as we go into season. But the highly competitive market.
and for the foreseeable future." that increase in supply is offset Many have made offers on mul-
by an increase in buyers visiting tiple homes, only to lose out
Local Market Cooling? the area. They come and want to each time. Some are deciding to
Are there any signs that the lo- stay (who can blame them!). wait and perhaps rent for a
cal market may cool down in while (although the rental mar-
2022? One of the leading indica- A particular factor of our local ket is also very tight). The num-
tors of a softening market is the market is that we have a large ber of offers on homes seems to
number of price decreases taken number of homeowners who have decreased recently (admit-
on active listings. When a home sell their homes as they move tedly I say this anecdotally from
doesn't sell, the owners eventu- on to the next phase of their speaking with other Realtors).
ally must decrease the price. In lives. They may move back
August of 2016 22% of active home to be near family or make
listings took a price decrease. the move into a senior lifestyle
So What Should I Do?
This past quarter 34% of list- community. Some will downsize Now we get to the main point.
ings took a price decrease. This from a large single family home Out of all of the homes we have
could be an early sign that the into something more manage- sold or helped clients buy in the
rate of price increases will slow able. past 18 months, not one that we
down. can think of was primarily mo-
If you are waiting for the end of tivated by a desire to "cash in
According to data from the local forebearance to flood the mar- on the market". Our clients
Multiple Listing Service (MLS), ket with distressed homes, I'm whether buying or selling a
in July the median home sales
price rose to a peak of $376,000 Sarasota County Sales to Median Price
and then in August dropped
slightly to $366,000. Home
prices tend to rise as we head
into "season" though, so we'll
watch what happens this fall
and winter. Nationally, many
market experts are predicting
that home price increases will
slow to between 5% and 6% for
2022.
Factors That Will Affect the

Market in 2022
home had tangible, personal commodate working from home Whether you're thinking of buy-
reasons for their decision. and home-schooling. Or it may ing or selling, find a Realtor that
be time to consider a move into will listen to Your Why and not
Earlier this year Lawrence Yun, a senior lifestyle community or push you in one direction be-
chief economist for NAR said he downsizing to a more manage- cause that is all they know. If
believed FOMO (Fear of Missing able home. you are over 55, consider talking
Out) was a driving factor in the with a Seniors Real Estate Spe-
market. While that may be true Don’t decide cialist that understands the spe-
in general, we haven't found it based solely cial circumstances of senior
to be the main motivation for homeowners. They will also be
our clients. And it probably
on the connected to other sources such
shouldn't be your main reason numbers as Senior Concierge Services, Fi-
for selling or buying. Don't nancial Advisors, and Lifestyle
make your decision based solely Once you know your "why" you Communities.
on the numbers. have a foundation on which to
make an informed decision. This is a lot to take in but to
A house is more than a structure Learn what your options are and sum it all up, start with your
- it is your home. Ask yourself evaluate the alternatives. You personal Why. Once you know
why you want to buy or sell. may find that your best choice is that, discover your options and
Have you been thinking about to stay where you are. But if you then you will have the right in-
making a lifestyle change? Per- have been considering making a formation to make the right de-
haps the past year has kindled a change in the future, it may be cision.
desire to be near family. Maybe in your best interest to acceler-
you want a larger space to ac- ate your plans.
New Owners Fazed by ‘Hidden’ Costs of Homeownership

The price of entry to homeown- tional costs,” said George Ratiu, Closing costs typically range be-
ership involves more than just manager of economic research at tween 2% and 5% of the loan
the down payment. About 44% realtor.com®. “Many first-time amount, financial experts say.
of homeowners say they were home buyers, particularly younger Buyers may be able to roll some
unaware of the other costs as- ones, don’t realize how much of their closing costs into the
sociated with buying a home, closing costs add to a price of a mortgage if their lender allows.
like home inspection, document home. It’s significant.”
fees, property taxes, home in- “For people looking to purchase
surance, and title fees, accord- Homeowners paid an average of their first home, it’s important
ing to a realtor.com® survey of $6,087 for closing costs on sin- to research the costs involved in
nearly 3,000 adults. About 11% gle-family homes in 2020, ac- signing a contract to buy a
of respondents also failed to cording to ClosingCorp, a real home,” Ratiu said. “The pur-
factor in moving expenses. estate data and technology firm. chase of a home, for most
That average factors in appraisals, Americans, is their single
“Unlike most big-ticket con- settlement, record fees, land sur- largest financial commitment.”
sumer purchases, for which veys, title policies, and transfer
most people pay the price plus taxes. It does not include home Realtor Magazine, Sept 15, 2021
any sales tax, a home purchased inspections, property taxes, home
comes with a number of addi- insurance, or moving costs.
How a Real Estate Transaction Works

Local Market Statistics

Real Estate is Hyper-Local. Because of the hyper-local na- We’ve included the data for this
While national and state histor- ture of Real Estate, we’ve di- quarter, last quarter and corre-
ical data and trends are inter- vided the data into 5 sections: sponding quarter last year. Each
esting and important, local section has graphs showing the
trends can be quite a bit differ- ●Summary of the Entire Area history and trends for:
ent. The following pages show ●Greater Sarasota
the actual MLS data from the ●Lakewood Ranch ●Number of Sales
Sarasota area, Lakewood Ranch, ●The Islands and Downtown ●Median Price
the Islands and Venice. ●Venice ●Average Days on Market
Key to Market Statistics

Terms Used: Abbreviations:
Yr Change ADOM
The change over the same pe- Active Days on Market
riod last year
Avg
Qtr Change Average
The change over the last quarter
Med
Active Days on Market Median
The period of time from the first
date listed to when the home PPSF
went under contract Price per square foot
Condo SFH
Condominiums, Villas and Single Family Home
Townhomes.
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Sarasota, Lakewood Ranch, The

Islands and Venice Combined Stats
Sarasota, Lakewood Ranch, Islands and Venice Home Sales

All 3Q21 3Q20 Yr Change 2Q21 Qtr Change
Closed Sales 3,659 4,219 -15.3% 5,110 -39.7%
Average Price $581,644 $470,157 19.2% $632,268 -8.7%
Median Price $415,800 $335,000 19.4% $401,050 3.5%
Average PPSF $340 $226 33.5% $296 13.0%
Median PPSF $241 $184 23.6% $226 5.9%
Average DOM 20 84 -320.0% 36 -80.0%
SFH 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Closed Sales 2,371 2,767 -16.7% 3,022 -27.5%
Average Price $648,832 $524,909 19.1% $688,307 -6.1%
Median Price $465,000 $376,000 19.1% $459,000 1.3%
Average PPSF $283 $226 20.1% $279 1.4%
Median PPSF $247 $191 22.9% $231 6.4%
Average DOM 18 80 -344.4% 30 -66.7%
Condos 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Closed Sales 1,288 1,452 -12.7% 2,088 -62.1%
Average Price $457,963 $365,819 20.1% $546,678 -19.4%
Median Price $320,000 $249,450 22.0% $315,000 1.6%
Average PPSF $444 $226 49.1% $318 28.5%
Median PPSF $219 $166 24.3% $212 3.5%
Average DOM 22 93 -322.7% 44 -100.0%

Number of Sales Trend

NUMBER OF SALES 5500
5000
In a trend that spans most of
our area, the number of sales 4500
fell in the 3rd quarter. Low in-
4000
ventory and buyer fatigue may
be playing a role. Buyers are 3500
telling us they are weary of los- 3000
ing out in multiple offer scenar-
2500
ios and some are concerned
about high prices. 2000
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Sales Forecast
Median Price Trend

MEDIAN PRICES
$455,000
Across the region, median prices $435,000
have risen again but interest- $415,000
ingly the average price fell from $395,000
$632,268 last quarter to $375,000
$582,644 this quarter. This may $355,000
reflect buyer interest in lower $335,000
price homes and also, more $315,000
homes have begun to take price $295,000
decreases before they are sold. $275,000
34% of active listings took a 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
price decrease before selling.
Price Forecast
See this issue’s lead article for
more info.
Average Days on Market Trend
AVERAGE DAYS ON MARKET
120
The average days on market 100

continues to fall with homes
80
still selling within days of com-
ing to market. 60
40
20
0
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
ADOM Forecast

ADOM by Price Range

80
70
60
50
40
30
20
10
0
ADOM
Sales by Price Range

1000
900
800
700
600
500
400
300
200
100
0
Sales

Historical Months of Inventory

10
Historical Count of Active Listings

12,000
10,000
8,000
6,000
4,000
2,000

Historical Sales by Months
3,000
2,750
2,500
2,250
2,000
1,750
1,500
1,250
1,000
750
500
Median Sales Price Trend

$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0

Sarasota, Venice, Lakewood Ranch and the Islands Data
All Types 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Sales 3286 3214 3330 3031 4219 4660 4744 5110 3659
Avg Price $396,280 $416,617 $441,667 $423,242 $470,157 $508,855 $587,966 $632,268 $581,644
Med Price $300,000 $310,000 $317,500 $318,000 $335,000 $360,000 $374,900 $401,050 $415,800
Avg PPSF $200 $211 $228 $210 $226 $238 $281 $296 $340
Med PPSF $169 $172 $180 $175 $184 $192 $206 $226 $241
ADOM 94 86 81 79 84 70 58 36 20
SFH 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Sales 2206 2024 1989 1984 2767 3005 2692 3022 2371
Avg Price $434,300 $457,894 $464,098 $473,451 $524,909 $576,002 $635,955 $688,307 $648,832
Med Price $333,375 $343,750 $350,000 $350,000 $376,000 $403,040 $425,000 $459,000 $465,000
Avg PPSF $196 $200 $207 $206 $226 $233 $255 $279 $283
Med PPSF $174 $176 $183 $181 $191 $199 $211 $231 $247
ADOM 88 81 80 76 80 0 0 0 0
Condo 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Sales 1080 1190 1341 1047 1452 1655 2052 2088 1288
Avg Price $318,620 $346,411 $408,396 $328,099 $365,819 $386,935 $525,010 $546,678 $457,963
Med Price $232,377 $245,000 $256,500 $248,000 $249,450 $270,000 $289,500 $315,000 $320,000
Avg PPSF $210 $230 $258 $217 $226 $248 $315 $318 $444
Med PPSF $156 $161 $169 $164 $166 $177 $191 $212 $219
ADOM 105 95 84 86 93 85 68 44 22
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Sarasota Market Stats
Sarasota Home Sales

Closed Sales 1,736 1,908 -9.9% 2,233 -28.6%
Average Price $484,513 $392,272 19.0% $479,067 1.1%
Median Price $375,750 $305,000 18.8% $357,000 5.0%
Average PPSF $246 $190 22.7% $231 6.4%
Median PPSF $230 $178 22.5% $210 8.6%
Average DOM 19 83 -336.8% 30 -57.9%

Closed Sales 1,166 1,288 -10.5% 1,424 -22.1%
Average Price $581,625 $471,616 18.9% $604,089 -3.9%
Median Price $438,250 $370,000 15.6% $430,050 1.9%
Average PPSF $268 $207 22.7% $257 4.2%
Median PPSF $246 $192 21.8% $231 6.0%
Average DOM 22 80 -263.6% 30 -36.4%

Closed Sales 570 620 -8.8% 809 -41.9%
Average Price $285,860 $227,440 20.4% $259,003 9.4%
Median Price $260,000 $219,000 15.8% $236,000 9.2%
Average PPSF $202 $156 23.0% $185 8.5%
Median PPSF $195 $150 23.2% $178 8.7%
Average DOM 15 91 -506.7% 30 -100.0%


2300
In a trend that spans most of 2100
fell in the 2nd quarter. Low in- 1700
ventory and buyer fatigue may 1500
1300
be playing a role. Buyers are
1100
telling us they are weary of los-
900
700
All 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
about high prices. Types
Sales Forecast
Median Price Trend

MEDIAN PRICES
$405,000
Median prices in Sarasota are up $385,000

by 5% over last quarter, which $365,000
is slightly less than the increase $345,000
in the previous quarter. $325,000
$305,000
$285,000
$265,000
$245,000
$225,000
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Price Forecast

105
95
Days on market is still plum- 85
meted as homes are sold almost 75
as fast as they come on the 65
market. We still have buyers 55
waiting in line to make an offer 45
on homes as soon as they are 35
available. 25
15
5
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
ADOM Forecast

Volume 3, Issue 3 Page 16
Lakewood Ranch Market Stats
Lakewood Ranch Home Sales

Closed Sales 668 806 -20.7% 805 -20.5%
Average Price $569,930 $434,801 23.7% $548,402 3.8%
Median Price $451,625 $360,000 20.3% $425,000 5.9%
Average PPSF $522 $213 59.2% $230 55.8%
Median PPSF $237 $178 24.9% $215 9.4%
Average DOM 13 77 -492.3% 24 -84.6%

Closed Sales 504 617 -22.4% 600 -19.0%
Average Price $652,685 $494,845 24.2% $638,619 2.2%
Median Price $539,000 $410,000 23.9% $503,000 6.7%
Average PPSF $267 $230 13.8% $245 8.4%
Median PPSF $249 $187 24.7% $228 8.3%
Average DOM 13 76 -484.6% 23 -76.9%

Closed Sales 164 189 -15.2% 205 -25.0%
Average Price $315,609 $238,782 24.3% $284,355 9.9%
Median Price $310,000 $233,000 24.8% $281,895 9.1%
Average PPSF $1,305 $157 88.0% $189 85.5%
Median PPSF $201 $158 21.8% $188 6.5%
Average DOM 10 80 -700.0% 28 -180.0%


900
800
our area, the number of sales
fell in the 2nd quarter. Low in- 700
ventory and buyer fatigue may 600
500
ing out in multiple offer scenar- 400
300
about high prices. 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Sales Forecast
Median Price Trend

MEDIAN PRICES
$480,000
The median price is up about $460,000

5.9% in LWR which is a smaller $440,000
increase than we saw last quar- $420,000
ter.
$400,000
$380,000
$360,000
$340,000
$320,000
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Price Forecast

105
95
LWR average days on market 85
continues to plummet. 75
65
55
45
35
25
15
5
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
ADOM Forecast

Page 18
The Islands and Downtown

Market Stats
Islands and Downtown Home Sales

Closed Sales 434 498 -14.7% 897 -106.7%
Average Price $1,240,982 $1,092,752 11.9% $1,304,591 -5.1%
Median Price $750,000 $676,250 9.8% $815,000 -8.7%
Average PPSF $604 $461 23.7% $584 3.2%
Median PPSF $548 $419 23.6% $525 4.4%
Average DOM 45 126 -180.0% 77 -71.1%

Closed Sales 106 167 -57.5% 207 -95.3%
Average Price $2,189,544 $1,645,113 24.9% $1,978,258 9.6%
Median Price $1,522,500 $1,132,750 25.6% $1,495,000 1.8%
Average PPSF $687 $504 26.6% $647 5.7%
Median PPSF $618 $444 28.2% $594 3.8%
Average DOM 30 136 -353.3% 76 -153.3%

Closed Sales 328 331 -0.9% 690 -110.4%
Average Price $934,435 $814,068 12.9% $1,102,490 -18.0%
Median Price $650,000 $545,000 16.2% $700,000 -7.7%
Average PPSF $577 $439 24.0% $565 2.0%
Median PPSF $531 $409 23.0% $512 3.7%
Average DOM 50 121 -142.0% 77 -54.0%


900
In a trend that spans most of 800
600
fell in the 2nd quarter. Low in-
500
400
300
200
100
ios and some are concerned 0
Sales Forecast
Median Price Trend

MEDIAN PRICES
$850,000
The median price of homes on $800,000

the Islands and downtown has
fallen this quarter. This could be $750,000
reflective of buyer fatigue and /
$700,000
or of buyers seeking lower price
homes. More sellers had to take $650,000
a price decrease this quarter be-
$600,000
fore their home sold.
$550,000
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Price Forecast

190
170
ADOM for the Islands and
downtown dropped again this 150
quarter. 130
110
90
70
50
30
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
ADOM Forecast

Page 20
Venice Market Stats
Venice Home Sales

Closed Sales 821 1,009 -22.9% 1,178 -43.5%
Average Price $448,018 $338,943 24.3% $458,777 -2.4%
Median Price $379,900 $297,000 21.8% $360,000 5.2%
Average PPSF $249 $188 24.5% $240 3.9%
Median PPSF $233 $175 25.0% $212 8.9%
Average DOM 12 72 -500.0% 23 -91.7%

Closed Sales 595 696 -17.0% 791 -32.9%
Average Price $502,793 $381,974 24.0% $540,075 -7.4%
Median Price $428,410 $330,000 23.0% $420,000 2.0%
Average PPSF $254 $191 25.0% $250 1.9%
Median PPSF $239 $180 24.8% $219 8.3%
Average DOM 13 70 -438.5% 23 -76.9%

Closed Sales 226 313 -38.5% 387 -71.2%
Average Price $303,811 $243,257 19.9% $292,610 3.7%
Median Price $280,000 $233,000 16.8% $266,000 5.0%
Average PPSF $236 $183 22.7% $219 7.1%
Median PPSF $211 $163 22.6% $197 6.6%
Average DOM 9 75 -733.3% 22 -144.4%


1100
fell in the 2nd quarter. Low in-
900
be playing a role. Buyers are 800
700
ios and some are concerned 600
Sales Forecast
Median Price Trend

MEDIAN PRICES
$410,000
The median home price contin- $390,000

ues to rise in Venice but the av- $370,000
erage price, like in other areas, $350,000
has fallen slightly. $330,000
$310,000
$290,000
$270,000
$250,000
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Price Forecast

105
95
Average days on market has 85
dropped again and is now under 75
10 days. 65
55
45
35
25
15
5
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
ADOM Forecast

Resources
The following sources are quoted or referenced in this report:
Realtor.com
US Housing Supply Continues to Lag Household Formations
https://www.realtor.com/research/topics/housing-supply/
Fortune
Why we won’t see a housing market crash anytime soon
https://fortune.com/2021/08/30/housing-market-crash-home-prices-us-august-2021/
NAR
Vacation Homes Will Defy Any Market Slowdown
https://www.floridarealtors.org/news-media/news-articles/2021/09/nar-vacation-homes-will-defy-any-
market-slowdown
Fortune
A shock is headed for the housing market
https://fortune.com/2021/09/05/housing-market-inventory-shock/
Freddie Mac
Mortgage Rates
http://www.freddiemac.com/pmms/
Sun Stats
Northport - Sarasota - Bradenton MSA: Metric Comparison
https://sunstats.floridarealtors.org/chart# (Login Required)
Data Source
Unless otherwise noted, the data used in this report was derived from the Stellar MLS system. Some prop-
erty styles such as mobile homes are not included.
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Click on the image or open this link:
https://ranckhomes.com/Market-Update

www.VictoriaSellsSarasota.com
Meet the Ranck Team

Victoria Ranck is an experienced real estate professional with a broad
range of clients from first-time home buyers searching for their
dream home to commercial investors seeking to maximize their in-
vestment dollars. She is known by her peers as the “numbers” girl –
she knows how to make the numbers work for her clients in any price
range.
Victoria Ranck
REALTOR, CPC, SFR, SRES Above all, Victoria works hard to ensure her clients reach their goals.
941.320.9299 In fact, according to Reality.com Victoria’s listings sell 27% faster
Vic@VictoriaRanck.com than the average agent in the Sarasota area.
“In my Real Estate practice, I have been successful because it

is always all about my clients: What is best for them, When
is best for them and even If purchase or sale is best for them.
David is an experienced Residential Realtor who brings over 25 years

of business and Internet marketing experience to the Real Estate in-
dustry.
Before joining Victoria in Real Estate, David had a successful career as

a Software Architect. He was Chief Technology Officer at Software
David Ranck Consortium in Towson, Maryland and Application Development Man-
REALTOR, SRES, KOCiB ager at The Hartford Insurance Group in Connecticut. He brings his
941.320.9399 knowledge and experience of Internet Marketing and Systems to the
Dave@VictoriaRanck.com Victoria Ranck Group.
“Less than 3% of home sales today come from

traditional advertising. Internet marketing and in
particular mobile and social media marketing are the
most important factors to sell homes today. “
We’re Easy To Talk To

This is not intended as solicitation for properties currently in an exclusive agreement with another Broker

2021 Q3 Market Update WEB

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Q3 2021

Should I Sell My Home

The Current Market ............................................................................3

What’s Coming in 2022? ....................................................................3

So What Should I Do? ........................................................................4

Sarasota County Sales to Median Price....................................................... 4

New Owners Fazed by ‘Hidden’ Costs of Homeownership .......................... 5

How a Real Estate Transaction Works ......................................................... 6

Local Market Statistics ................................................................................. 7

Key to Market Statistics ......................................................................7

Sarasota, Venice, Lakewood Ranch and the Islands Data ..............13

Sarasota Market Stats ................................................................................ 14

Lakewood Ranch Market Stats .................................................................. 16 Visit us at:

Venice Market Stats ................................................................................... 20

Watch the Video! ........................................................................................ 22

Watch the Video!

Copyright © 2021 David Ranck LLC

Should I Sell My Home Now? (Or Buy?)

Copyright © 2021 David Ranck LLC

Factors That Will Affect the

New Owners Fazed by ‘Hidden’ Costs of Homeownership

How a Real Estate Transaction Works

Copyright © 2021 David Ranck LLC

Local Market Statistics

Key to Market Statistics

Subscribe to Our Channel

New Videos every Week

Copyright © 2021 David Ranck LLC

Sarasota, Lakewood Ranch, The

Sarasota, Lakewood Ranch, Islands and Venice Home Sales

SFH 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Condos 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Copyright © 2021 David Ranck LLC

Number of Sales Trend

Median Price Trend

The average days on market 100

Copyright © 2021 David Ranck LLC

ADOM by Price Range

Sales by Price Range

Copyright © 2021 David Ranck LLC

Historical Months of Inventory

Historical Count of Active Listings

Copyright © 2021 David Ranck LLC

Historical Sales by Months

Median Sales Price Trend

Copyright © 2021 David Ranck LLC

Sarasota, Venice, Lakewood Ranch and the Islands Data

How Much is Your Home Worth Today?

Copyright © 2021 David Ranck LLC

Sarasota Market Stats

Sarasota Home Sales

SFH 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Condos 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Copyright © 2021 David Ranck LLC

Number of Sales Trend

Median Price Trend

Median prices in Sarasota are up $385,000

Average Days on Market Trend

Copyright © 2021 David Ranck LLC

Lakewood Ranch Market Stats

Lakewood Ranch Home Sales

SFH 3Q21 3Q20 Yr Change 2Q21 Qtr Change

Condos 3Q21 3Q20 Yr Change 2Q21 Qtr Change