Sorrento home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Sorrento rose by $74,100 while total sales decreased by 5.9%, according to BlockShopper.com.

In October 2020, there were 16 homes sold, with a median sale price of $289,000 - a 34.5% increase over the $214,900 median sale price for the same period of the previous year. There were 17 homes sold in Sorrento in October 2019.

The median sales tax in Sorrento for the most recent year with available data, 2016, was $2,596, approximately 0.9% of the median home sale price for October 2020.

The following table compares Sorrento to other Lake County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Monteverde16-83.3%$385,000$409,450-6%
Yalaha34-25%$370,000$154,000140.3%
Astatula23-33.3%$360,000$210,00071.4%
Sorrento1617-5.9%$289,000$214,90034.5%
Clermont7895-17.9%$283,000$254,00011.4%
Umatilla8714.3%$250,000$180,00038.9%
Minneola1316-18.8%$250,000$241,555.503.5%
Mount Dora432948.3%$248,000$250,000-0.8%
Lady Lake25250%$235,000$193,00021.8%
Fruitland Park151315.4%$235,000$150,00056.7%
Tavares262030%$225,000$225,0000%

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