Market Action Report May 2018
SIESTA Zip Code : 34242 - KEY 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 |
$ 1,845,000 |
1 % |
|
-4% |
|
|
|
|
Average List Price of all Current Listings |
$ 3,092,235 |
2 % |
|
4 % |
|
|
|
|
May Median Sales Price |
$ 1,299,000 |
9 % |
-2% |
-4% |
-7% |
$ 1,395,000 |
0 % |
0 % |
May Average Sales Price |
$ 1,562,111 |
13 % |
-2% |
9 % |
-13% |
$ 1,585,871 |
-1% |
-11% |
Total Properties Currently for Sale ( Inventory ) |
121 -11% |
-26% |
|
|
May Number of Properties Sold |
9 -31% |
-18% |
57 |
36 % |
May Average Days on Market ( Solds ) |
150 |
8 % |
28 % -23% -22% |
135 |
-2% |
-30% |
Asking Price per Square Foot ( based on New Listings ) |
$ 529 |
-20% -26% -10% -23% |
$ 682 |
-6% |
-1% |
May Sold Price per Square Foot |
$ 576 |
20 % |
3 % |
6 % |
-1% |
$ 558 |
9 % |
-4% |
May Month ' s Supply of Inventory |
13.4 |
29 % |
13 % -10% -44% |
11.9 |
-47% |
-50% |
May Sale Price vs List Price Ratio |
92.5 % |
. 8 % |
1.5 % 8.6 % 6.5 % |
90.7 % |
2 % |
4 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales May Property sales were 9 , down 18.2 % from 11 in May of 2017 and 30.8 % lower than the 13 sales last month . May 2018 sales were at a mid level compared to May of 2017 and 2016 . May Property YTD sales of Sales 57 are running 35.7 % ahead of last year ' s year-todate Property sales of 42 sales . were 9 , down 18.2 % from 11 in May of 2017
May and 30.8 % lower than the 13 sales last month . May 2018 sales were at a mid level compared to May of 2017 and 2016 . May YTD sales of 57 are running 35.7 % ahead of last year ' s year-todate sales of 42 .
2016 . A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 13.4 months was at its lowest level compared with May of 2017 and 2016 .
14 10 128 106
Prices 0
The Median Sales Price in May was $ 1,299,000 , down 4.1 %
J from $ 1,355,000 in May of 2017 and up 8.7 % from $ 1,195,000 2,80015
last month . The Average Sales Price in May was $ 1,562,111 , up 2,600
Prices 8.7 % from $ 1,436,818 in May of 2017 and up 12.9 % from
2,400 The $ 1,383,077 Median Sales last month Price . in May May 2018 was ASP $ 1,299,000 was at a , mid down range 4.1 % from compared $ 1,355,000 to May in of May 2017 of and 2017 2016 and . up 8.7 % from $ 1,195,000 2,800 2,200 last month . The Average Sales Price in May was $ 1,562,111 , up 2,000
2,600 8.7 % from $ 1,436,818 in May of 2017 and up 12.9 % from 1,800
2,400 $ 1,383,077 last month . May 2018 ASP was at a mid range 1,600
2,200 compared to May of 2017 and 2016 . 1,400 2,000 1,200 1,800 1,000 1,600 1,400 1,200
Inventory & MSI 1,000
The Total Inventory of Properties available for sale as of May was 121 , down 11.0 % from 136 last month and down 26.2 % from 200
164 in May of last year . May 2018 Inventory was at its lowest Inventory level compared & MSI with May of 2017 and 2016 .
150
The Total Inventory of Properties available for sale as of May was 121 , down 11.0 % from 136 last month and down 26.2 % from 200
100
164 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 150 higher MSI is better for buyers . The May 2018 MSI of 13.4
50 months was at its lowest level compared with May of 2017 and
84 62 40 2
100 0
50
11 98
Number of Properties Sold
6 9 9 4 6 7 6 6 9 7 8 2 5 12
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 |
|
|
16 |
|
|
|
17 |
|
|
|
18 |
J 15
91
82
Agent Name 11 6 9
Title Phone Website Other
9 83
4 88
6
Median Sales Price and Average Sales Price
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
F M A M J |
J |
A S O N D |
J 17 |
F M A M J |
J |
A S O N D |
J 18 |
Total Inventory & Month ' s Supply of Inventory ( MSI )
96 7 94
6 106
6
117 123 131 126
Number of Properties Sold
Median Sales Price and Average Sales Price
131
118 107 102
120
133 149 157 174 174 171 164 155
5 3 2 5 6 6 6
137
13 11 2 9 12
121 109 109 118 120 124
4 8 8 8 146 143 136
3 Mo Avg F M A M
F M A M 90.0
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
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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 . |
64 | coldwellbankerluxury . com
14
12
9 7 8 2 5 12 5 3 2 5 6 6 6 13 11 2 9 12 4 8 8 8 11 12
3 Mo Avg
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 |
|
98
12
3 Mo Avg
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 |
|
J
15
91 82 83 88 96 94 106 117 123 131 126 131
J A S O N D J F M A M J 16
118 107 102
120
133 149 157
J A S O N D J
17
174 174 171 164 155
F M A M J
137
121 109 109 118 120 124
J A S O N D J
18
146 143 136
121 121
F M A M
3 Mo Avg
13 9
80.0 70.0 60.0
50.0 90.0
40.0 80.0
30.0 70.0
20.0 60.0
10.0 50.0 40.0 30.0 20.0 10.0 0.0
11 12 12 13 9