FL ARCHIVED February 2018 | Page 106

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

County : 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
$ 349,000
2 %
3 %
Average List Price of all Current Listings
$ 621,813
4 %
0 %
February Median Sales Price
$ 245,000
-6%
-6%
4 %
-2%
$ 252,000
5 %
1 %
February Average Sales Price
$ 384,462
-4%
-5%
14 %
8 %
$ 392,848
13 %
11 %
Total Properties Currently for Sale ( Inventory )
4,816
1 %
-8%
February Number of Properties Sold
863
4 %
7 %
1,694
11 %
February Average Days on Market ( Solds )
76
-1%
0 %
-3%
-1%
76
0 %
-1%
Asking Price per Square Foot ( based on New Listings )
$ 231
1 %
0 %
8 %
8 %
$ 229
9 %
7 %
February Sold Price per Square Foot
$ 202
-5%
-4%
10 %
6 %
$ 207
10 %
9 %
February Month ' s Supply of Inventory
5.6
-3%
5 %
-14%
17 %
5.7
-16%
19 %
February Sale Price vs List Price Ratio
94.1 %
-. 1 % -. 1 %
. 4 %
. 4 %
94.2 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
1,400 February Property sales were 863 , up 7.1 % from 806 in
February of 2017 and 3.9 % higher than the 831 sales last month . 1,200 Property February 2018 Sales sales were at their highest level compared to 1,400
February Property of 2017 sales and 2016 were . 863 February , up 7.1 % YTD from sales 806 of in 1,694 are 1,000 February running of 11.0 2017 % ahead and 3.9 of % last higher year than ' s year-to-date the 831 sales sales last of month 1,526 . . 1,200
February 2018 sales were at their highest level compared to
800
February of 2017 and 2016 . February YTD sales of 1,694 are 1,000 running 11.0 % ahead of last year ' s year-to-date sales of 1,526 .
600 800
400 600
200
400

Sarasota Agent County

Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
200
0
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
0
15
16
17
18
Prices
The Median Sales Price in February was $ 245,000 , up 3.7 %
Prices from $ 236,250 in February of 2017 and down 5.7 % from
The
$ 259,900 Median last Sales month Price . in The February Average was Sales $ 245,000 Price , in up February 3.7 % was
450 from
$ 384,462 $ 236,250 , up in 13.9 February % from of $ 337,637 2017 and in down February 5.7 % from of 2017 and
M
A M J
15
450
400
J
A S O
NMedian D
J
F M Sales A M J Price
J A S and O N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ down 259,900 4.3 last % from month $ 401,556 . The Average last month Sales . Price February in February 2018 ASP was was
400
$ at 384,462 the highest , up 13.9 level % from compared $ 337,637 to February in February of of 2017 2017 and and 2016 .
350
down 4.3 % from $ 401,556 last month . February 2018 ASP was
350
300
at the highest level compared to February of 2017 and 2016 .
300
250
250 200
1,224 1,226 1,213
1,224 1,226 1,213 1,191 1,220 1,070 950 896 779 946 739 790 1,140 1,094 1,137 1,137 939 952 918 881 829 920 720 806 1,192 1,174 1,241 1,158 974 1,024 756 858 868 965 831 863
200
150
150
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 M J
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
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
The
February Total Inventory was 4,816 of , Properties up 0.9 % from available 4,775 for last sale month as of and down
6,000
February
7.7 % from was 5,218 4,816 in , up February 0.9 % from of last 4,775 year last . month February and 2018 down
6,000
5,000
7.7
Inventory % from 5,218 was in at February a mid level of compared last year . February with February 2018 of 2017
5,000
Inventory and 2016 was . at a mid level compared with February of 2017
4,000 and 2016 .
4,000
3,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
3,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
2,000
3.0
A comparatively lower MSI is more beneficial for sellers while a
2,000 higher MSI is better for buyers . The February 2018 MSI of 5.6 higher MSI is better for buyers . The February 2018 MSI of 5.6
1,000
2.0 months was at its lowest level compared with February of
20171,000 months was at its lowest level compared with February of 2017
1.0 and 2016 .
0 and 2016 .
0
0.0
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 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
15
16
17
18
15
16
17
18
4,297
4,029 3,693 3,394 3,258
1,191 1,220 1,070 950
3,185 3,249 3,421 3,721 3,801
896
4,297
4,029 3,693 3,394 3,258 3,185 3,249 3,421
779
4,244 3,721
946 739
4,563 3,801 4,645
4,422 4,233
Number of Properties Sold
790 1,140 1,094 1,137 1,137 939 952
4,244 4,563 4,645 4,422 4,233 4,153 4,048 3,969 3,962
4,153 4,048 3,969 3,962 4,205 4,440 4,615 918 881 829 920 720
4,615 5,050 5,218 806 1,192 1,174
4,205 5,050
4,440 5,218 5,219
4,795 4,602 4,400 4,224 3,981 3,874 1,241 1,158 974
4,091 4,327 4,390
3 Mo Avg
1,024
5,219 4,795 4,602 4,400 4,224 3,981 3,874
756
4,775 4,816
858
4,091 4,327
868 4,390
3 Mo Avg
965 831
4,775 4,816
863
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
54 | 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 .