What are the Hottest Florida Real Estate Markets?

Posted by Miranda Mickiewicz on Monday, July 16th, 2018 at 12:11pm.

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**

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