FL ARCHIVED March 2018 | Page 122

Market Action Report March 2018
Community Information | School District
Market Action Report March 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
0 %
2 %
Average List Price of all Current Listings
$ 738,461
1 %
0 %
March Median Sales Price
$ 280,000
1 %
-5%
4 %
-2%
$ 287,000
6 %
1 %
March Average Sales Price
$ 454,029
-8%
-7%
19 %
7 %
$ 475,200
20 %
12 %
Total Properties Currently for Sale ( Inventory )
2,689
-3%
-10%
March Number of Properties Sold
640
46 %
0 %
1,553
5 %
March Average Days on Market ( Solds )
88
6 %
4 %
14 %
9 %
86
10 %
6 %
Asking Price per Square Foot ( based on New Listings )
$ 255
-3%
-4%
8 %
4 %
$ 263
10 %
7 %
March Sold Price per Square Foot
$ 230
-7%
-7%
12 %
5 %
$ 240
15 %
10 %
March Month ' s Supply of Inventory
4.2 -33% -22% -10% -18%
5.4
-13%
5 %
March Sale Price vs List Price Ratio
93.4 %
. 1 %
-. 2 % -. 2 %
. 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
Property Sales
700
March Property sales were 640 , equal to 640 in March of 2017
and 46.1 % higher than the 438 sales last month . March 2018
600
Property sales were Sales at their highest level compared to March of 2017 and
700
March
2016 . Property March YTD sales sales were of 640 1,553 , equal are to running 640 March 5.0 % ahead of 2017 of last
500
and year 46.1 ' s year-to-date % higher than sales the 438 of 1,479 sales . last month . March 2018 sales were at their highest level compared to March of 2017 and
600
400
2016 . March YTD sales of 1,553 are running 5.0 % ahead of last
500
year ' s year-to-date sales of 1,479 .
300
400
200
300
200
100

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

648 628 658 644
Number of Properties Sold
100
0
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
0
15
16
17
18
Prices
The Median Sales Price in March was $ 280,000 , up 3.9 % from
Prices
$ 269,500 in March of 2017 and up 0.9 % from $ 277,500 last
The month Median . The Sales Average Price Sales in March Price was in $ March 280,000 was , up $ 454,029 3.9 % from , up
600
$
19.1 269,500 % from in March $ 381,114 of 2017 in March and up of 0.9 2017 % from and down $ 277,500 7.8 % last from month
$ 492,402 . The last Average month Sales . March Price in 2018 March ASP was was $ 454,029 at the highest , up level
550
19.1 compared % from $ to 381,114 March in of March 2017 of and 2017 2016 and . down 7.8 % from
500
A
M J
15
600
550
500
450
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 492,402 last month . March 2018 ASP was at the highest level compared to March of 2017 and 2016 .
450
400
400
350
350
300
300
250
648 628 658 644 537 523 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 392 447 640 581 635 602 518 523 416 450 494 532 475 438 640
2,228 2,026 1,940 1,884 1,851 1,875 537 523 493
1,980 2,131 2,158 422 497
2,374 2,526
403 457
Number of Properties Sold
250
200
200
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
15 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 M
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 March
The was Total 2,689 Inventory , down 2.6 of % Properties from 2,760 available last month for sale and as of down March 9.7 %
3,500 was from 2,689 2,979 , down in March 2.6 % from of last 2,760 year last . March month 2018 and down Inventory 9.7 % was at
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
8.0
7.0
from a mid 2,979 level in compared March of last with year March . March of 2017 2018 and Inventory 2016 . was at
3,000
7.0
2,500 a mid level compared with March of 2017 and 2016 .
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 March for 2018 sellers MSI while of 4.2 a
1,000 higher MSI is better for buyers . The March 2018 MSI of 4.2
2.0 months was at a mid level compared with March of 2017 and
500 months was at a mid level compared with March of 2017 and
500
1.0
2016 .
0
2016 .
0
0.0
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 A S O N D J
F M
15
16
17
18
15
16
17
18
6.0
5.0
4.0
3.0
2.0
1.0
0.0
2,228 2,026 1,940 1,884 1,851 1,875 1,980 2,131 2,158
627 593 615 607 490 517 476
2,573 2,537 2,410 2,427 2,398 2,368 2,313 2,424 2,535 2,619
464
2,374 2,526 2,573 2,537 2,410 2,427 2,398 2,368 2,313 2,424
430 485 392 447
2,827 2,960 2,979 640 581 635 602
2,827
2,535 2,960
2,619 2,979 2,767 2,681 2,569 2,470 2,366 2,264 2,352
518 523
2,453 2,498 2,649
416
2,767 2,681 2,569 2,470 2,366 2,264 2,352
3 Mo Avg
450
2,760
2,689 494 532
2,453 2,498 2,649
3 Mo Avg
475 438
2,760 2,689
640
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 .