FL ARCHIVED January 2018 | Page 62

Market Action Report
City: Sarasota
Sarasota
Agent Name
Market Action Report
City: Sarasota
January 2018
Title
Phone
Agent
Name
Website
Other
Title
January 2018
Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$405,000
5%
8%
Other
$735,639 Trending
6% versus*: 0%
Month
LM -4%
L3M -3%
PYM 7%
LY
$300,000
$405,000
5% -6% -2%
8% 10%
$488,344
$735,639 2,584
6% 5%
0% -8%
$300,000 474
-4% -11%
-3% 7% 21%
5%
$488,344 -6%
-2%
10%
15%
85 5% 4% 10%
2,584 5%
-8%
$274 -5% 1% 14%
474 -11%
21%
$248 -6% 0% 10%
85 5% 4% 10% 5%
5.5 17% 9% -24%
$274 -5% 1% 14% 11%
93.6% -.7% -.0% .2%
Average List Price of all Current Listings
Market
Trends
Overview
January Profile
Median & Sales
Price
Median
List
Price of Sales
all Current
January
Average
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
January
Sales
Price
January Median
Number
of Properties
Sold
January Average Sales Price
January Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
January Number of Properties Sold
January Sold Price per Square Foot
January Average Days on Market (Solds)
January Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
January Sale Price vs List Price Ratio
January Sold Price per Square Foot
Trending versus*:
Prior YTD 7%
Prior Year 5%
5% YTD
$300,000
15%
$488,344
10%
15%
$300,000
5% $488,344
January Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
7%
474
10%
85
$274
474
21%
$248
85
10%
5.5
$274
14%
93.6%
11%
13%
7%
.4%
21% 5%
10% 15%
14%
10%
5%
-24%
11%
0%
5%
11%
13%
7%
0%
$248 -6% 0% 10% 13%
$248
10%
13%
5.5 17% 9% -24% 7%
5.5 -24%
7%
of 93.6%
Properties
93.6% -.7% -.0% .2% Number
.4%
0% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
January Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
700
January Property sales were 474, up 20.9% from 392 in January
of 2017 and 10.7% lower than the 531 sales last month. January 600
Property
2018 sales Sales
were at their highest level compared to January of 700
January
Property
were YTD
474, sales
up 20.9%
from
in January
500
2017 and
2016. sales
January
of 474
are 392
running
20.9%
of ahead
2017 and
10.7%
lower
than the 531
sales
of last
year's
year-to-date
sales
of last
392. month. January 600
400
2018 sales were at their highest level compared to January of
Prices
$517,874 last month. January 2018 ASP was at the highest level
compared to January of 2017 and 2016.
615
15
16
600
17
Median Sales Price and Average Sales Price
550
464
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
15
16
17
18
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
Median Sales Price and Average Sales Price
3 Mo Avg
0
The Median Sales Price in January was $300,000, up 6.8% from
Prices
$281,000 in January of 2017 and down 4.0% from $312,500
The
in January
was $300,000,
6.8%
from
last Median
month. Sales
The Price
Average
Sales Price
in January up
was
$488,344,
600
$281,000
in January
of 2017
and down of 4.0%
up 9.7% from
$445,048
in January
2017 from
and $312,500
down 5.7% from
550
last
month. last
The month.
Average January
Sales Price
in January
$488,344,
$517,874
2018
ASP was was
at the
highest level
up
9.7% from to $445,048
in 2017
January
2017 and down 5.7% from 500
compared
January of
and of 2016.
0
100
100
200
200
300
3 Mo Avg
300
400
500
2017 and 2016. January YTD sales of 474 are running 20.9%
ahead of last year's year-to-date sales of 392.
Number of Properties Sold
18
3 Mo Avg
500
450
450 400
400 350
350 300
300 250
250 200
200
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
18
F M 15
A 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
15
16
17
18
2,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a 1,000
A higher
comparatively
lower MSI
is more The
beneficial
for 2018
sellers MSI
while
MSI is better
for buyers.
January
of a 5.5 1,000
500
higher
MSI
is better
for buyers.
January with
2018
MSI of 5.5
months
was
at its lowest
level The
compared
January
of 2017
months
was at its lowest level compared with January of 2017
and 2016.
and 2016.
62 | c
500
0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
3,500
January
was 2,584,
4.6% from
2,471 last
month
The
Total Inventory
of up
Properties
available
for sale
as of and down
3,500 3,000
8.5% from
of last
January
January
was 2,824
2,584, in
up January
4.6% from
2,471 year.
last month
and 2018
down
8.5%
from 2,824
in a January
of last
year. January
2018 of 2017 and
Inventory
was at
mid level
compared
with January
3,000 2,500
Inventory
2016. was at a mid level compared with January of 2017 and 2,500
2,000
2016.
0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
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
18
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
15
16
17
15
16
17
18
.
Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United,
Realtors | Range:
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Coldwell
Realtors
All | Property
Types: SFH
- Con
o
l d Residential
w e l Real
l b Estate
a n / k
e r Banker
h o United,
mes
c o | Price
m
Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
Fort Fort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.