The Blog ofGina LaRouche

What are the Hottest Florida Real Estate Markets?

What are the Hottest Florida Real Estate Markets?

Below we break down May 2018 market data for single family homes in Florida and list the top 10 counties for each statistical category. Next to each list we have a map of Florida outlining each county along with a color key showcasing the value differences. The color key identifies the highest and lowest values recorded from this past May for each county; red and orange indication higher values and dark and light blue indicating lower values. This data was compiled by the Florida Association of Realtors. We went a little farther and added the population of each county. It isn’t fair to compare the number of sales of a large county like Pinellas to a smaller one like Sarasota.

Check out how our sliver of paradise compares to the rest of the state. 

Inventory of Active Listings for Single Family Homes

  1. Palm Beach County: 7,078 | 1,423,000 pop. | 1 listing for every 201 people
  2. Miami-Dade: 6,219 | 2,693,000 pop. | 1 listing for every 433 people
  3. Lee County: 5,758 | 701,982 pop. | 1 listing for every 122 people
  4. Broward County: 5,317 | 1,896,000 pop. | 1 listing for every 357 people
  5. Hillsborough County: 4,457 | 1,349,000 pop. | 1 listing for every 303 people
  6. Orange County: 3,401 | 1,288,000 pop. | 1 listing for every 379 people
  7. Duval County: 3,195 | 913,000 pop. | 1 listing for every 286 people
  8. Pinellas County: 3,117 | 949,827 pop. | 1 listing for every 305 people
  9. Collier County: 3,106 | 357,305 pop. | 1 listing for every 115 people
  10. Sarasota County: 2,808 | 405,549 pop. | 1 listing for every 144 people

Manatee – 2,217 | 363,369 pop. | 1 listing for every 164 people

 

Average Sale Price for Single Family Homes

  1. Collier County: $917,543 | 357,305 pop.
  2. Monroe County: $796,320 | 77,482 pop.
  3. Walton County: $796,320 | 63,508 pop.
  4. Miami-Dade: $547,640 | 2,693,000 pop.
  5. Palm Beach County: $560,873 | 1,423,000 pop.
  6. Martin County: $477,221 | 156,283 pop.
  7. Broward County: $456,861 | 1,896,000 pop.
  8. Manatee County: $405,029 | 363,369 pop.
  9. St. Johns County: $402,392 | 226,640 pop.
  10. Sarasota County: $381,076 | 405,549 pop.

The smaller, luxury beach counties tend to have a higher average and median home price because of their population. Some of the most expensive homes in Florida are found in Palm Beach and Miami-Dade counties but the home price averages/medians are lower due to their population size.

 

Closed Sales for Single Family Homes

  1. Hillsborough County: 2,058 | 1,349,000 pop. | 1 sale for every 655 people
  2. Orange County:1,572 | 1,288,000 pop. | 1 sale for every 819 people
  3. Broward County: 1,518 | 1,896,000 pop. | 1 sale for every 1,249 people
  4. Lee County: 1,400 | 701,982 pop. | 1 sale for every 501 people
  5. Pinellas County: 1,279 | 949,827 pop. | 1 sale for every 743 people
  6. Duval County: 1,246 | 913,000 pop. | 1 sale for every 733 people
  7. Miami-Dade: 1,230 | 2,693,000 pop. | 1 sale for every 2,189 people
  8. Pasco County: 1,144 | 497,909 pop. | 1 sale for every 435 people
  9. Polk County: 1,043 | 650,092 pop. | 1 sale for every 623 people
  10. Volusia County: 958 | 517,887 pop. | 1 sale for every 541 people

Sarasota – 820 | 405,549 pop. | 1 sale for every 495 people
Manatee – 641 | 363,369 pop. | 1 sale for every 567 people

 

New Pending Sales for Single Family Homes

  1. Hillsborough County: 2,147 | 1,349,000 pop. | 1 pending for every 628 people
  2. Broward County: 1,865 | 1,896,000 pop. | 1 pending for every 1,017 people
  3. Palm Beach County: 1,805 | 1,423,000 pop. | 1 pending for every 788 people
  4. Orange County:1,677 | 1,288,000 pop. | 1 pending for every 768 people
  5. Lee County: 1,504 | 701,982 pop. | 1 pending for every 467 people
  6. Miami-Dade: 1,457 | 2,693,000 pop. | 1 pending for every 1,848 people
  7. Duval County: 1,311 | 913,000 pop. | 1 pending for every 696 people
  8. Pinellas County: 1,299 | 949,827 pop. | 1 pending for every 731 people
  9. Pasco County: 1,132 | 497,909 pop. | 1 pending for every 440 people
  10. Polk County: 1,077 | 650,092 pop. | 1 pending for every 604 people

Sarasota – 770 | 405,549 pop. | 1 pending for every 527 people
Manatee – 666 | 363,369 pop. | 1 pending for every 546 people

 

Median Sale Price for Single Family Homes

  1. Monroe County: $610,000 | 77,482 pop.
  2. Walton County: $467,055 | 63,508 pop.
  3. Collier County: $463,500 | 357,305 pop.
  4. Martin County: $366,000 | 156,283 pop.
  5. Broward County: $355,000 | 1,896,000 pop.
  6. Palm Beach County: $354,000 | 1,423,000 pop.
  7. Miami-Dade & St. Johns County: $350,000 | 2,919,000 pop.
  8. Manatee County: $305,000 | 363,369 pop.
  9. Nassau County: $303,000 | 78,444 pop.
  10. Seminole County: $297,000 | 449,144 pop.

Sarasota – $280,750 | 405,549 pop.

 

It is interesting to see the average and median home prices across the state of Florida. We do hear from time to time that Sarasota/Bradenton is too expensive. On an average/median price basis we are a bargain compared to Collier (Naples), Monroe, Walton, Miami-Dade and Palm Beach counties. The story might change a bit when you get a little more granular (beach condos, downtown condos, waterfront homes etc). 

 

 

*Graphics and market data generated by FloridaRealtors.org**