FL ARCHIVED September 2017 | Page 62

Market Action Report September 2017
Community Information | School District
Market Action Report September 2017

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
$ 395,000
0 %
5 %
Average List Price of all Current Listings
$ 728,919
1 %
2 %
September Median Sales Price
$ 277,500
-1%
-1%
5 %
7 %
$ 275,000
7 %
6 %
September Average Sales Price
$ 363,165
-11%
-7%
0 %
-3%
$ 395,611
6 %
5 %
Total Properties Currently for Sale ( Inventory )
2,133
-7%
-8%
September Number of Properties Sold
410 -21%
-14%
4,746
-1%
September Average Days on Market ( Solds )
78
-8%
-5%
3 %
11 %
80
16 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 237
2 %
0 %
3 %
2 %
$ 237
3 %
2 %
September Sold Price per Square Foot
$ 199
-4%
-3%
2 %
1 %
$ 207
5 %
5 %
September Month ' s Supply of Inventory
5.2
19 %
10 %
7 %
7 %
5.1
9 %
4 %
September Sale Price vs List Price Ratio
93.0 %
. 5 %
. 1 % -1.3%
-. 9 %
93.1 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
September Property sales were 410 , down 13.9 % from 476 in
September of 2016 and 21.5 % lower than the 522 sales last
600
Property month . September Sales 2017 sales were at their lowest level
September compared Property to September sales were of 2016 410 , and down 2015 13.9 . % September from 476 in YTD
700
500
September sales of 4,746 of 2016 are and running 21.5 % 0.8 lower % behind than the last 522 year sales ' s year-to-date last
600 month sales . of September 4,785 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
500 sales of 4,746 are running 0.8 % behind last year ' s year-to-date sales of 4,785 .
400
400
300
200
300
100
200

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

564 390 494 404 439
Number of Properties Sold
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in September was $ 277,500 , up 4.7 %
Prices from $ 265,000 in September of 2016 and down 0.9 % from
The
$ 280,000 Median last Sales month Price . in The September Average was Sales $ 277,500 Price in , up September 4.7 %
450 from was $ 265,000 363,165 , in up September 0.3 % from of $ 2016 361,904 and in down September 0.9 % from of 2016
O
N D
J
F M A M J
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
J
A S
14
15
16
17
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
3 Mo Avg
$ and 280,000 down last 11.0 month % from . The $ 408,005 Average last Sales month Price . in September 2017 was $ 363,165 , up 0.3 % from $ 361,904 in
400
ASP was at a mid range compared to September of 2016 and
350
and
2015 down . 11.0 % from $ 408,005 last month . September 2017
ASP was at a mid range compared to September of 2016 and
350
300
2015 .
300
250
629
564 390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 391 447 640 581 635 602 518 522 410
250
200
200
O
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
14
15
16
17
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
J
A S
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
September Total Inventory was 2,133 of Properties , down 6.7 available % from 2,287 for sale last month of and
3,500
September down 7.5 % was from 2,133 2,307 , down in 6.7 September % from 2,287 of last last year month . September and
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
down 20177.5 Inventory % from 2,307 was at in a September mid level compared of last year . with September of
3,000
7.0
2,500
2017
2016 Inventory and 2015 was . at a mid level compared with September of
2,500
6.0
2016 and 2015 .
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 for MSI buyers is more . The beneficial September for sellers 2017 while MSI a of 5.2
1,000
2.0 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 5.2
500 of
500 months was at its highest level compared with September of
1.0
2016 and 2015 .
0
2016 and 2015 .
0
0.0
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 A M J
J A S
14
15
16
17
14
15
16
17
2,049 2,099 2,146 2,367 2,413 2,372 648 627 658
2,224 2,023 1,937
2,049 2,099 2,146 2,367 2,413 2,372 2,224 2,023 1,937 1,882 1,849
644 537
1,882 1,849
1,874 1,978 2,129 2,157
Number of Properties Sold
522 493
1,874
1,978 422 497 403 457 627
2,373 2,524 2,571
593
2,535
2,408 615 607
2,424 2,394
490
2,373 2,129 2,524
2,157 2,571
2,535 2,408 2,424 2,394 2,362 2,307 2,418 2,528
517
2,362 2,307 2,610 476 464 430 485
2,418 2,814 2,528
2,943 2,955 2,610
2,739
391
2,814
2,943 447 640
2,955 2,739
3 Mo Avg
581
2,644 2,527 2,418 2,287 2,133
635
2,644 2,527
602 2,418
3 Mo Avg
518 522
2,287 2,133
410
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
62 | c o l d w e l l b a n k e r h o m e s . c o m
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 Assoc 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 .