FL ARCHIVED May 2018 | Page 106

Market Action Report May 2018

SARASOTA County : Sarasota COUNTY

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,745,995
-0%
-2%
Average List Price of all Current Listings
$ 2,458,908
-0%
1 %
May Median Sales Price
$ 1,415,000
-18% -6%
-9%
-4%
$ 1,516,000
1 %
3 %
May Average Sales Price
$ 1,654,012
-23% -12%
1 %
-10%
$ 1,910,031
3 %
4 %
Total Properties Currently for Sale ( Inventory )
503
-8%
-12%
May Number of Properties Sold
50
-7%
16 %
274
47 %
May Average Days on Market ( Solds )
155
12 %
10 %
-7%
8 %
139
-8%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 562
1 %
-4%
-1%
-7%
$ 592
0 %
-2%
May Sold Price per Square Foot
$ 486
-13% -14%
1 %
-13%
$ 565
8 %
1 %
May Month ' s Supply of Inventory
10.1
-1%
5 %
-25% -32%
10.0
-41%
-32%
May Sale Price vs List Price Ratio
91.5 %
1.8 % -. 3 % 5.8 %
. 8 %
92.4 %
3 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
90
May Property sales were 50 , up 16.3 % from 43 in May of 2017
and 7.4 % lower than the 54 sales last month . May 2018 sales were at their highest level compared to May of 2017 and 2016 .
Property
May YTD sales Sales of 274 are running 47.3 % ahead of last year ' s
May year-to-date Property sales sales of were 18650 . , up 16.3 % from 43 in May of 2017 and 7.4 % lower than the 54 sales last month . May 2018 sales
80
70
90
60
80
50
Number of Properties Sold
3 Mo Avg
were at their highest level compared to May of 2017 and 2016 .
May YTD sales of 274 are running 47.3 % ahead of last year ' s year-to-date sales of 186 .
70
40
60
30
50
20
40
10
30
0
20
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
10
15
16
17
18
Prices
The Median Sales Price in May was $ 1,415,000 , down 8.7 % from
$ 1,550,000 in May of 2017 and down 18.0 % from $ 1,725,000
0
2,400J
15
J
Median Sales Price and Average Sales Price
3 Mo Avg
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
16
17
18
last month . The Average Sales Price in May was $ 1,654,012 , up
Prices
0.8 % from $ 1,641,151 in May of 2017 and down 23.3 % from
The
$ 2,157,860 Median Sales last month Price . in May May 2018 was ASP $ 1,415,000 was at a , down mid range 8.7 % from
$ compared 1,550,000 to in May of of 2017 and and 2016 down . 18.0 % from $ 1,725,000
2,200
2,400
2,000
Median Sales Price and Average Sales Price
3 Mo Avg
last month . The Average Sales Price in May was $ 1,654,012 , up
0.8 % from $ 1,641,151 in May of 2017 and down 23.3 % from
2,200
1,800
$ 2,157,860 last month . May 2018 ASP was at a mid range
2,000
1,600
compared to May of 2017 and 2016 .
1,800
1,400
1,600 1,200 1,400
42
42 28 37 32 20 27 28 21 30 39 29 44 22 22 29 21 23 21 28 31 33 40 39 43 37 42 37 19 32 78 72 50 55 65 54 50
Inventory & MSI 1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
The Total Inventory of Properties available for sale as of May
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 was 503 , down 8.0 % from 547 last month and down 12.2 % from 700 15
16 17
18 30.0
573 in May of last year . May 2018 Inventory was at its lowest 600 25.0
Inventory level compared & MSI with May of 2017 and 2016 . 500
Total Inventory & Month ' s Supply of Inventory ( MSI )
The Total Inventory of Properties available for sale as of May 20.0 was 503 , down 8.0 % from 547 last month and down 12.2 % from 700 400
30.0 15.0
573 in May of last year . May 2018 Inventory was at its lowest 600 300 25.0 level A comparatively compared with lower May MSI of 2017 is more and beneficial 2016 . for sellers while a 10.0
500 200 higher MSI is better for buyers . The May 2018 MSI of 10.1
20.0 months was at its lowest level compared with May of 2017 and 400 100
5.0 15.0
2016 . 3000
0.0
A comparatively lower MSI is more beneficial for sellers while a 10.0
200 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 higher MSI is better for buyers . The May 2018 MSI of 10.1 15
16 17
18 5.0 months was at its lowest level compared with May of 2017 and 100
2016 . 0
0.0
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 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15 16
17
18 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 Association of REAL
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 .
438 28 427
37 397
Agent Name
Title Phone 54 | coldwellbankerluxury . com
438
Website Other
32 423
20 433
27 481
28 479
21 520
30 548
39 555
29
548 44
523
Number of Properties Sold
22
510 488
22 467
29 442
21 479
23 518
21 544
28
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
16
17
18
427 397 423 433 481 479 520 548 555 548 523 510 488 467 442
479 518 544
596 596
31 647 647
33 643 643
40 606 606
39 573 573
43 558 558
37 515 515
42 488 488
37 470 470
19
465 465
32
493 493
78
490 490
530 72
530 569 569
50 561 561
55 547 547
3 Mo Avg
65 503
503 54 50