FL ARCHIVED April 2018 | Page 126

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

Zip Code : 34242 - 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
$ 849,900
0 %
1 %
Average List Price of all Current Listings
$ 1,561,898
3 %
2 %
April Median Sales Price
$ 557,450
-24% -12% -15%
-6%
$ 635,000
10 %
7 %
April Average Sales Price
$ 724,779
-15% -11% -18%
-8%
$ 812,732
10 %
3 %
Total Properties Currently for Sale ( Inventory )
345
-7%
-15%
April Number of Properties Sold
58
9 %
21 %
188
14 %
April Average Days on Market ( Solds )
127
8 %
13 %
4 %
-2%
112
0 %
-14%
Asking Price per Square Foot ( based on New Listings )
$ 464
-14% -11%
0 %
-3%
$ 524
7 %
9 %
April Sold Price per Square Foot
$ 411
-11% -8%
-7%
-9%
$ 447
5 %
-1%
April Month ' s Supply of Inventory
5.9 -15% -29% -30% -40%
8.2
-23%
-18%
April Sale Price vs List Price Ratio
91.4 %
. 8 %
-. 6 % -. 1 %
. 2 %
92.0 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales April Property sales were 58 , up 20.8 % from 48 in April of 2017
and 9.4 % higher than the 53 sales last month . April 2018 sales Property were at their Sales highest level compared to April of 2017 and 2016 . 70
April Property YTD sales sales of were 188 are 58 , running up 20.8 % 13.9 from % 48 ahead in April of last of 2017 year ' s and year-to-date 9.4 % higher sales than of the 16553 . sales last month . April 2018 sales 60
were at their highest level compared to April of 2017 and 2016 . April YTD sales of 188 are running 13.9 % ahead of last year ' s 50 year-to-date sales of 165 .
40

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Community Information | School District

30 20
70 60 50 40 30 20 10
Number of Properties Sold
10
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
M
J
J
Prices
15
The Median Sales Price in April was $ 557,450 , down 15.4 % from
1,200
Prices
$ 659,000 in April of 2017 and down 23.6 % from $ 730,000 last
The month Median . The Sales Average Price Sales in April Price was in $ 557,450 April was , down $ 724,779 15.4 %, from down
1,100
1,200
$
18.1 659,000 % from in April $ 884,760 of 2017 in and April down of 2017 23.6 and % from down $ 730,000 15.4 % from last
1,000 month
$ 856,275 . The last Average month Sales . April Price 2018 in April ASP was $ at 724,779 a mid , range down
1,100
18.1 compared % from $ to 884,760 April of in 2017 April and of 2017 2016 and . down 15.4 % from
900
1,000
A S O N D
J
FMedian M A M J Sales
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
$ 856,275 last month . April 2018 ASP was at a mid range compared to April of 2017 and 2016 .
900
800
800
700
700
600
600
500
64 57 48 43 39 30 27 41 37 27 32 50 58 57 36 47 33 25 21 34 33 36 48 48 55 37 40 38 26 39 29 35 46 31 53 58
500
400
400
M
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
J
15
J
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 345 , Inventory down 6.8 of % Properties from 370 last available month for and sale down as of 14.8 April % from was 405345 in , April down of 6.8 last % from year . 370 April last 2018 month Inventory and down was 14.8 at % its from lowest
500
405 level in compared April of last with year April . of 2018 2017 Inventory and 2016 was . at its lowest
400 level compared with April of 2017 and 2016 .
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
15.0
20.0
15.0
300
10.0
200
10.0
A comparatively lower MSI is more beneficial for sellers while
200 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial April for 2018 sellers MSI while of 5.9 a higher months MSI was is better at its lowest for buyers level . The compared April 2018 with MSI April of of 5.92017 and
100 months
2016 . was at its lowest level compared with April of 2017 and
2016 .
0
100
5.0
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
5.0
0.0
349 338
64 349 302
57 338
287 48 43 39 30 27 41 37
283 302
291 287
312 283
297 291
338 312 297
368 381 338
27 368
387 373
32 381 368
50 387
Number of Properties Sold
342 58
373 336
57
368
335 36 47 33 25 21 34 33 36 48
373
342
383 336
335 410
373 427
383 441
427 410
405 427
405 441
387 427
370 405 48 55 37 40 38 26 39
3 Mo Avg
29
334 405 308 387
316 370
338
334 347 308 351 316 379 338 370 347
345 351
35 379
46 370
3 Mo Avg
31
345 53 58
64 | 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 .