Market Action Report May 2018
ST
City :
.
St
PETE
Pete Beach
BEACH
Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for May was 37 , down 62.6 % from 99 days last month and down 84.1 % from 233 days in May of last year . The May 2018 DOM was at its lowest level compared with May of 2017 and 2016 .
400 350 300 250 200 150 100 50
400 300
Agent Name Title Phone Website Other
Days On Market for Sold Properties
0 |
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-50 |
J
15
|
J |
A |
S O N D
J
F M A M J
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
|
Selling Price per Square Foot |
Selling Price per Square Foot |
3 Mo Avg |
The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and |
800 |
|
Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a |
700 |
|
more normalized indicator on the direction of Property values .
The May 2018 Selling Price per Square Foot of $ 544 was down
|
600 |
544 |
0.3 % from $ 546 last month and up 18.5 % from 459 in May of |
500 |
479 |
459 |
last year . |
|
|
|
233
3 Mo Avg
37
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The May 2018 Selling Price vs Original List Price of 111.8 % was up from 88.4 % last month and up from 80.7 % in May of last year .
200
120 % 100 % 80 % 60 %
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 |
|
|
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16 |
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17 |
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18 |
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
100.0 %
80.7 %
3 Mo Avg 111.8 %
40 % 20 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in May 2018 was 5 , down 16.7 % from 6 last month and up 66.7 % from 3 in May of last year .
35 30 25 20 15 10
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 |
15 |
|
|
16 |
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|
17 |
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|
18 |
|
Inventory / New Listings / Sales |
16 15
12 16
13 15 15 14
17 19 18
23
21
19 18
25 31 31
28 31 30
28 30
24
22
20 24 25 27 28 27
25 24 24 25 25
5 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 |
15 |
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16 |
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17 |
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18 |
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | 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 Association of REALT 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 .
32 | coldwellbankerluxury . com
Market Action Report
May 2018
City: Sarasota
SARASOTA
Market Action Report
Agent Name
May 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -1%
$1,749,900
-2%
City: Sarasota Information | School District
Community
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
$2,482,377
Month
$1,435,000
$1,749,900
$1,709,491
$2,482,377
403
$1,435,000
43
$1,709,491
158
Total
Properties
for Sale
(Inventory)
403
Asking
Price per Currently
Square Foot
(based
on New Listings)
$563
May
Number
of
Properties
Sold
43
May Sold Price per Square Foot
$499
May
Average
Days
on
Market
(Solds)
158
May Month's Supply of Inventory
9.4
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$563
May Sale
Price
List Price
91.3%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $499
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
9.4
May
Sale Price
vs List Price Ratio
91.3%
Property
Sales
Average List Price of all Current Listings
Market
Profile
& Price
Trends Overview
May Median
Sales
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May
Median Sales Price
May Number of Properties Sold
May
May Average
Average Sales
Days Price
on Market (Solds)
80
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for May was 158, up 23.4% from 128
days last month and equal to 158 days in May of last year. The
May 2018 DOM was at its lowest level compared with May of
2017 and 2016.
160
158
158
150
100
50
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
15
16
17
18
3 Mo Avg
3 Mo Avg
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The May 2018 Selling Price per Square Foot of $499 was down
9.9% from $553 last month and down 3.2% from 515 in May of
last year.
3 Mo Avg
750
700
650
600
524
515
499
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
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
Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
5.0
0.0
200
300
400
500
600
20.0
30.0
15.0
25.0
10.0
20.0
5.0
15.0
0.0
10.0
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in May 2018 was 54, down 6.9% from 58 last month and up 3.8%
from 52 in May of last year.
Total Inventory & Month's Supply of Inventory (MSI)
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
25.0
86.0%
500
91.3%
89.9%
600
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
Total Inventory & Month's Supply of Inventory (MSI)
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
30.0
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
25
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
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The May 2018 Selling Price vs Original List
Price of 91.3% was up from 91.1% last month and up from 86.0%
in May of last year.
1,200
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
15
16
17
18
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
200
450
1,400
100
3 Mo Avg
250
500
1,200
1,600
400
600
300
500
200
400
100
300
0
200
Title
Phone
Website
Other
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
Median Sales Price and Average Sales Price
Prices
0
3 Mo Avg
The Median Sales Price in May was $1,435,000, down 10.3%
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
2,400
from $1,600,000 in May of 2017 and down 15.6% from
15
16
17
18
$1,700,000 last month. The Average Sales Price in May was
2,200
Median
Sales
Price
and
Average
Sales
Price
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