FL ARCHIVED May 2018 | Page 122

Market Action Report May 2018

SARASOTA

City : Sarasota

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
$ 1,749,900
-1%
-2%
Average List Price of all Current Listings
$ 2,482,377
1 %
1 %
May Median Sales Price
$ 1,435,000
-16% -6% -10%
-3%
$ 1,527,500
-1%
3 %
May Average Sales Price
$ 1,709,491
-20% -10% -1%
-7%
$ 1,927,751
4 %
5 %
Total Properties Currently for Sale ( Inventory )
403
-7%
-11%
May Number of Properties Sold
43
-4%
30 %
238
56 %
May Average Days on Market ( Solds )
158
23 %
14 %
0 %
15 %
138
-3%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 563
-2%
-6%
-3%
-9%
$ 604
-1%
-3%
May Sold Price per Square Foot
$ 499
-10% -14% -3%
-12%
$ 583
9 %
3 %
May Month ' s Supply of Inventory
9.4
-3%
4 %
-32% -33%
9.0
-44%
-36%
May Sale Price vs List Price Ratio
91.3 %
. 2 % -1.1% 6.2 %
-. 1 %
93.0 %
4 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
80
May Property sales were 43 , up 30.3 % from 33 in May of 2017
and 4.4 % lower than the 45 sales last month . May 2018 sales were at their highest level compared to May of 2017 and 2016 .
Property
May YTD sales Sales of 238 are running 55.6 % ahead of last year ' s
May year-to-date Property sales sales of were 15343 . , up 30.3 % from 33 in May of 2017 and 4.4 % lower than the 45 sales last month . May 2018 sales
70
60
80
50
70
Number of Properties Sold
3 Mo Avg
were at their highest level compared to May of 2017 and 2016 .
May YTD sales of 238 are running 55.6 % ahead of last year ' s year-to-date sales of 153 .
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 $ 1,435,000 , down 10.3 % from $ 1,600,000 in May of 2017 and down 15.6 % from
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
$ 1,700,000 last month . The Average Sales Price in May was
Prices
$ 1,709,491 , down 1.1 % from $ 1,728,803 in May of 2017 and
The down Median 20.3 % Sales from Price $ 2,143,662 in May last was month $ 1,435,000 . May , 2018 down ASP 10.3 was % at from the lowest $ 1,600,000 level compared in May of to 2017 May and of 2017 down and 15.6 2016 % from .
2,200
2,400
2,000
Median Sales Price and Average Sales Price
3 Mo Avg
$ 1,700,000 last month . The Average Sales Price in May was
$ 1,709,491 , down 1.1 % from $ 1,728,803 in May of 2017 and
2,200
1,800
down 20.3 % from $ 2,143,662 last month . May 2018 ASP was at
2,000
1,600
the lowest level compared to May of 2017 and 2016 .
1,800
1,400
1,600 1,200 1,400
38
38 23 30 26 15 26 22 17 26 36 23 34 20 15 26 16 20 16 23 30 25 32 33 33 30 31 30 14 32 76 66 46 50 54 45 43
Inventory & MSI
The Total Inventory of Properties available for sale as of May was 403 , down 6.9 % from 433 last month and down 11.0 % from
1,200
600
J
15
J
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
30.0
453 in May of last year . May 2018 Inventory was at its lowest
Inventory level compared & MSI with May of 2017 and 2016 .
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
The Total Inventory of Properties available for sale as of May
400
20.0
was 403 , down 6.9 % from 433 last month and down 11.0 % from
453 in May of last year . May 2018 Inventory was at its lowest level
A comparatively compared with lower May MSI of 2017 is more and beneficial 2016 . for sellers while a
600
300
500
200
30.0
15.0
25.0
10.0
higher MSI is better for buyers . The May 2018 MSI of 9.4 months was at its lowest level compared with May of 2017 and
2016 .
400
100
300
0
20.0
5.0
15.0
0.0
A comparatively lower MSI is more beneficial for sellers while a
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
10.0
higher MSI is better for buyers . The May 2018 MSI of 9.4 months was at its lowest level compared with May of 2017 and
100
15
16
17
18
5.0
2016 .
0
0.0
J
J A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
J A S O N D J
F M A M J
17
J A S O N D J
F M A M
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 .
323 23 312
30 290
Agent Name 62 | coldwellbankerluxury . com
323
Title Phone Website Other
26 306
15 313
26 346
22 355
17 380
26 405
36 419
23
422 34
406
Number of Properties Sold
20
398 380
15 369
26 344
16 372
20 403
16 428
23
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
312 290 306 313 346 355 380 405 419 422 406 398 380 369 344 372 403 428
468 468
30 515 515
25 509 509
32 486 486
33 453 453
33 438 438
30 409 409
31 385 385
30 363 363
14
358 358
32
382 382
76
380 380
411 66
411 440 440
46 438 438
50 433 433
3 Mo Avg
54 403
403 45 43