FL ARCHIVED April 2018 | Page 122

Market Action Report April 2018
Community Information | School District
Market Action Report April 2018

City : Sarasota Price Range : All | Properties : SFH - Con

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 399,900
1 %
11 %
Average List Price of all Current Listings
$ 742,708
3 %
8 %
April Median Sales Price
$ 303,250
8 %
3 %
12 %
6 %
$ 294,000
8 %
3 %
April Average Sales Price
$ 454,656
0 %
-3%
12 %
7 %
$ 468,991
18 %
10 %
Total Properties Currently for Sale ( Inventory )
2,607
-7%
-13%
April Number of Properties Sold
662
3 %
14 %
2,215
7 %
April Average Days on Market ( Solds )
78 -11% -6%
1 %
-4%
83
6 %
2 %
Asking Price per Square Foot ( based on New Listings )
$ 252
0 %
-1%
17 %
8 %
$ 255
11 %
9 %
April Sold Price per Square Foot
$ 223
-3%
-5%
7 %
2 %
$ 235
12 %
7 %
April Month ' s Supply of Inventory
3.9 -10% -20% -24% -29%
5.2
-17%
-7%
April Sale Price vs List Price Ratio
93.4 %
. 0 %
-. 0 %
. 1 %
. 2 %
93.4 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
700
April Property sales were 662 , up 13.7 % from 582 in April of
2017 and 3.3 % higher than the 641 sales last month . April 2018
600
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their highest level compared to April of 2017 and
700
April
2016 Property . April YTD sales sales were of 662 2,215 , up 13.7 are % running from 582 7.5 in % April ahead of of last
500
2017 year and ' s year-to-date 3.3 % higher sales than of the 2,061 641 sales . last month . April 2018 sales were at their highest level compared to April of 2017 and
2016 . April YTD sales of 2,215 are running 7.5 % ahead of last year ' s year-to-date sales of 2,061 .
600
500
400
300
400
200
300
200
100
100
0
M
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
0
15
16
17
18
Prices
The Median Sales Price in April was $ 303,250 , up 11.6 % from
Prices
$ 271,750 in April of 2017 and up 8.3 % from $ 280,000 last
The month Median . The Sales Average Price Sales in April Price was in $ 303,250 April was , up $ 454,656 11.6 % from , up
600
$
11.6 271,750 % from in April $ 407,247 of 2017 in and April up of 8.3 2017 % from and $ up 280,000 0.1 % from last month
$ 453,999 . The last Average month Sales . April Price 2018 in April ASP was $ at 454,656 the highest , up level
550
11.6 compared % from $ to 407,247 April of in 2017 April and of 2017 2016 and . up 0.1 % from
500
M
J
15
600
550
500
450
J
A S O N D
J
FMedian M A M JSales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 453,999 last month . April 2018 ASP was at the highest level compared to April of 2017 and 2016 .
450
400
400
350
350
300
300
250
250
200
200
M
M
J
15
J
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M A
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 2,607 Inventory , down 7.2 of % Properties from 2,808 available last month for sale and as of down April 13.4 %
3,500 was from 2,607 3,012 , down in April 7.2 % of from last 2,808 year . last April month 2018 and Inventory down 13.4 was % at its
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
from lowest 3,012 level in compared April of last with year April . of 2018 2017 Inventory and 2016 was . at its lowest level compared with April of 2017 and 2016 .
3,000
2,500
2,500
2,000
8.0
7.0
6.0
2,000
1,500
5.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
4.0
1,000
A comparatively lower MSI is more beneficial for sellers while a
3.0 higher MSI is better for buyers . The April 2018 MSI of 3.9
1,000 higher MSI is better for buyers . The April 2018 MSI of 3.9
2.0 months was at its lowest level compared with April of 2017 and
500 months was at its lowest level compared with April of 2017 and
500
1.0
2016 .
0
2016 .
0
0.0
M
J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A
M
J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A
15
16
17
18
15
16
17
18
629 658 644 537 524 493
629 658 644 537 524 493 424 497 402 456 627 593 618 607 490 517 475 464 430 485 392 447 640 582 635 602 517 523 416 450 494 529 474 438 641 662
2,111 2,027 1,973 1,936 1,964 2,083
2,111 2,027 1,973 1,936 1,964 2,083 2,233 2,262 424 497
2,233 2,262
2,481 2,642
402 456 627 593 618
2,481 2,642 2,691 2,660 2,534 607 490 517 475
2,558 2,537 2,515 2,462
2,589 3,039 2,714 2,815
2,691 2,660 2,534 2,558 2,537 2,515 2,462 2,589 2,714 2,815
464 430 485 392 447
3,039 3,193 3,230 640 582 635 602
3,012 2,930 2,821 2,702
3,193
3,230 3,012 2,930 2,821 2,702 2,590 2,477 2,545
517 523 416 450 494
2,636 2,667 2,788 2,863 2,808
2,607 529 474
2,590 2,477 2,545 2,636 2,667 2,788 2,863
438 641
2,808 2,607
662
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
62 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .