FL ARCHIVED July 2017 | Page 62

Market Action Report July 2017
Community Information | School District
Market Action Report July 2017

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
-0%
4 %
Average List Price of all Current Listings
$ 744,963
-2%
3 %
July Median Sales Price
$ 279,900
-0%
0 %
9 %
8 %
$ 275,000
8 %
6 %
July Average Sales Price
$ 395,864
0 %
-1%
13 %
5 %
$ 397,428
7 %
6 %
Total Properties Currently for Sale ( Inventory )
2,351
-6%
-2%
July Number of Properties Sold
517 -14%
6 %
3,813
1 %
July Average Days on Market ( Solds )
83
-1%
2 %
14 %
19 %
80
18 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 225
-12% -5%
0 %
-3%
$ 239
3 %
3 %
July Sold Price per Square Foot
$ 206
-1%
-1%
4 %
4 %
$ 208
6 %
5 %
July Month ' s Supply of Inventory
4.5
9 %
6 %
-7%
-7%
5.1
10 %
5 %
July Sale Price vs List Price Ratio
93.1 %
. 1 %
. 0 % -1.1% -. 8 %
93.2 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
July Property sales were 517 , up 5.5 % from 490 in July of 2016
and 14.1 % lower than the 602 sales last month . July 2017 sales
600
Property were at a mid Sales level compared to July of 2016 and 2015 . July
700
July
YTD Property sales of sales 3,813 were are 517 running , up 5.5 0.6 %% from ahead 490 of in last July year of 2016 ' s year-todate
500
14.1 sales % lower of 3,792 than . the 602 sales last month . July 2017 sales and were at a mid level compared to July of 2016 and 2015 . July
600
400
YTD sales of 3,813 are running 0.6 % ahead of last year ' s year-todate
500
sales of 3,792 .
300
400
200
300
200
100

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

515 467 564 390 494
Number of Properties Sold
Number of Properties Sold
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in July was $ 279,900 , up 8.5 % from
Prices
$ 257,970 in July of 2016 and down 0.0 % from $ 280,000 last
The month Median . The Sales Average Price Sales in July Price was $ in 279,900 July was , up $ 395,864 8.5 % from , up 12.7 %
450
$ from 257,970 $ 351,181 in July in of July 2016 of and 2016 down and 0.0 up % 0.3 from % from $ 280,000 $ 394,696 last last
A
S O N D
J
F M A
MMedian J
J A SSales O N DPrice
J
F Mand A MAverage J
J
A S Sales O N D Price
J
F M A M J
J
14
15
16
17
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
3 Mo Avg
month . . The July Average 2017 ASP Sales was Price at in the July highest was $ level 395,864 compared , up 12.7 to % July from $ 351,181 in July of 2016 and up 0.3 % from $ 394,696 last
400 of 2016 and 2015 .
350
month . July 2017 ASP was at the highest level compared to July
of 2016 and 2015 .
350
300
404 439 629 648 627 658 644 537 522 493 422
3 Mo Avg
515 467 564 390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 391 447 640 581 635 602 517
497 403 457 627 593 615 607 490 517 476 464 430 485 391 447 640 581
3 Mo Avg
635 602 517
300 250
250 200
200 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
A S
14 O N D J 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 A
17 M J J
14 15
16 17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of July
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 2,351 Inventory , down 6.0 of % Properties from 2,501 available last month for sale and as down of July 1.8 % 3,500 was from 2,351 2,395 , down in July 6.0 % of from last 2,501 year . last July month 2017 Inventory and down 1.8 was % at a mid 3,5003,000
8.0 from level 2,395 compared in July with of last July year of . 2016 July 2017 and 2015 Inventory . was at a mid 3,000 7.0
2,500 level compared with July of 2016 and 2015 .
2,500 6.0
2,000 5.0
2,000 1,500
4.0
A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000
3.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial July 2017 for sellers MSI of while 4.5 a 1,000 higher MSI is better for buyers . The July 2017 MSI of 4.5
2.0 months was at a mid level compared with July of 2016 and 2015 months was at a mid level compared with July of 2016 and 2015 .
500 .
500 1.0
0 0
0.0 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 M J J 14 15
16 17
14 15 16
17
2,115 2,018 2,049 2,099 2,146 2,367 2,413 2,372 2,224
2,115 2,018 2,049 2,099 2,146 2,367 2,413 2,372 2,224 2,023 1,937 1,882 1,849
2,023 1,937 1,882 1,849 1,874 1,978
1,874 1,978 2,129 2,157
2,129 2,157
2,373 2,524
2,373 2,524 2,571 2,535 2,409 2,425 2,395
2,571 2,535 2,409 2,425 2,395 2,362 2,307 2,417 2,527 2,607 2,810 2,940 2,948 2,727
2,362 2,307 2,417 2,527 2,607 2,810 2,940 2,948 2,727 2,628
2,628 2,501 2,351
2,501
2,351
J
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
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