Top 10 ‘Hot Markets’ for 2022

“The Sarasota area has changed radically over the past year,” says local Redfin real estate agent Eric Auciello. “Many of the towns surrounding Sarasota are exploding in popularity because so many people are getting priced out of Sarasota proper or moving in from out of state … A lot of the neighborhoods house hunters are flocking to have historically been retirement communities but are becoming younger with all of the first-time buyers and early retirees moving in.”

The pandemic likely played a part in explaining Florida’s current popularity. An outsized portion of the U.S. labor shortage doesn’t stem from younger people choosing not to work, so much as baby boomers – already part of a massive demographic – choosing to retire or, in many cases, retire early.

According to Redfin, more than half (50.3%) of U.S adults aged 55 and up had retired as of the third quarter of 2021, up from 48.1% two years earlier, and more than 3 million Americans retired early due to the pandemic. In the Sarasota metro area, 67.1% of home searches came from a different metro area.

Florida metro areas in Redfin’s top 10 hot list

Weston, zip code: 33331, 33332, 33326, 33327 - (info about specific communities here)

Parent metro area: Fort Lauderdale

Median sale price: $860,000 (+51% YoY)

Median sale price of parent metro area: $305,000 (+15% YoY)

Share of homes that sold above list price: 27%

Median days on market: 46 (-45 days YoY)

Housing supply (active listings), year-over-year change: -30%

Median views per listing, year-over-year change: +216%

South Sarasota, zip code: 34238

Parent metro area: Sarasota

Median sale price: $434,023 (+19% year over year, or YoY)

Median sale price of parent metro area: $300,000 (+7% YoY)

Share of homes that sold above list price: 36%

Median days on market: 7 (-77 days YoY)

Housing supply (active listings), year-over-year change: -50%

Median views per listing, year-over-year change: +208%

East Venice, zip code: 34292

Parent metro area: Sarasota

Median sale price: $420,000 (+38% YoY)

Median sale price of parent metro area: $300,000 (+7% YoY)

Share of homes that sold above list price: 53%

Median days on market: 4 (-48 days YoY)

Housing supply (active listings), year-over-year change: -25%

Median views per listing, year-over-year change: +173%

Englewood, zip code: 34223

Parent metro area: Sarasota

Median sale price: $427,500 (+38% YoY)

Median sale price of parent metro area: $300,000 (+7% YoY)

Share of homes that sold above list price: 28%

Median days on market: 8 (-62 days YoY)

Housing supply (active listings), year-over-year change: -28%

Median views per listing, year-over-year change: +170%

Venice, zip code: 34285

Parent metro area: Sarasota

Median sale price: $305,000 (+5% YoY)

Median sale price of parent metro area: $300,000 (+7% YoY)

Share of homes that sold above list price: 39%

Median days on market: 6 (-43 days YoY)

Housing supply (active listings), year-over-year change: -39%

Median views per listing, year-over-year change: +155%

Nokomis, zip code: 34275

Parent metro area: Sarasota

Median sale price: $475,000 (+32% YoY)

Median sale price of parent metro area: $300,000 (+7% YoY)

Share of homes that sold above list price: 39%

Median days on market: 10 (-50 days YoY)

Housing supply (active listings), year-over-year change: -26%

Median views per listing, year-over-year change: +152%

The Meadows, zip code: 34235

Parent metro area: Sarasota

Median sale price: $275,000 (+20% YoY)

Median sale price of parent metro area: $300,000 (+7% YoY)

Share of homes that sold above list price: 41%

Median days on market: 5 (-25 days YoY)

Housing supply (active listings), year-over-year change: -24%

Median views per listing, year-over-year change: +178%

Downtown Fort Myers, zip code: 33916

Nearby metro area: Cape Coral

Median sale price: $264,328 (+25% YoY)

Median sale price of parent metro area: $264,500 (+13% YoY)

Share of homes that sold above list price: 35%

Median days on market: 9 (-51 days YoY)

Housing supply (active listings), year-over-year change: -37%

Median views per listing, year-over-year change: +183%