FL ARCHIVED August 2017 | Page 62

Market Action Report August 2017
Community Information | School District
Market Action Report August 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
$ 399,000
0 %
5 %
Average List Price of all Current Listings
$ 739,388
0 %
3 %
August Median Sales Price
$ 280,000
0 %
0 %
4 %
8 %
$ 275,000
7 %
6 %
August Average Sales Price
$ 407,593
3 %
2 %
3 %
8 %
$ 398,623
6 %
6 %
Total Properties Currently for Sale ( Inventory )
2,213
-8%
-6%
August Number of Properties Sold
520
0 %
1 %
4,334
1 %
August Average Days on Market ( Solds )
85
2 %
2 %
20 %
21 %
80
18 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 234
5 %
-1%
8 %
1 %
$ 238
4 %
3 %
August Sold Price per Square Foot
$ 209
1 %
1 %
1 %
5 %
$ 208
6 %
5 %
August Month ' s Supply of Inventory
4.3
-8%
-2%
-7%
-13%
5.0
9 %
3 %
August Sale Price vs List Price Ratio
92.4 %
-. 8 % -. 5 % -1.2% -1.6%
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
August Property sales were 520 , up 0.6 % from 517 in August of
2016 and 0.4 % higher than the 518 sales last month . August
600
Property
2017 sales Sales were at a mid level compared to August of 2016 and
700
August
2015 . Property August YTD sales sales were of 520 4,334 , up 0.6 are % running from 5170.6 in % August ahead of of last
500
2016 year and ' s year-to-date 0.4 % higher sales than of the 4,309 518 sales . last month . August
2017 sales were at a mid level compared to August of 2016 and
600
400
2015 . August YTD sales of 4,334 are running 0.6 % ahead of last
500
year ' s year-to-date sales of 4,309 .
300
400
200
300
200
100

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in August was $ 280,000 , up 3.7 % from
Prices
$ 270,000 in August of 2016 and up 0.0 % from $ 279,950 last
The month Median . The Sales Average Price Sales in August Price was in August $ 280,000 was , up $ 407,593 3.7 % from , up
450
$
3.0 270,000 % from in $ August 395,628 of 2016 in August and up of 0.0 2016 % from and up $ 279,950 3.0 % from last
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
J
A
14
15
16
17
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
3 Mo Avg
month
$ 395,691 . The last Average month Sales . August Price in 2017 August ASP was $ at 407,593 the highest , up level
3.0 % from $ 395,628 in August of 2016 and up 3.0 % from
400 compared to August of 2016 and 2015 .
350
$ 395,691 last month . August 2017 ASP was at the highest level
compared to August of 2016 and 2015 .
350
300
300
250
467 564 390 494 404 439
467 564 390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 391 447 640 581 635 602 518 520
250
200
200
S
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
O
14 N D
J
F
15 M A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A
J
A
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 August
The was Total 2,213 Inventory , down 7.8 of % Properties from 2,400 available last month for sale and as of down August 6.3 %
3,500 was from 2,213 2,362 , down in August 7.8 % from of last 2,400 year last . August month 2017 and down Inventory 6.3 % was
3,500 at
3,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
from a mid 2,362 level in compared August of with last year August . August of 2016 2017 and Inventory 2015 . was at
3,000
7.0
2,500 a mid level compared with August of 2016 and 2015 .
2,500
6.0
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 MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 4.3 a
1,000 higher MSI is better for buyers . The August 2017 MSI of 4.3
2.0 months was at a mid level compared with August of 2016 and
500 months was at a mid level compared with August of 2016 and
500
1.0
2015 .
0
2015 .
0
0.0
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 O N D J
F M A M J
J A
14
15
16
17
14
15
16
17
629 648 627
2,146 2,367 2,413 2,372 2,224
2,023 658
2,018 2,049
2,099 2,018
2,146 2,049
2,367 2,099 2,413 2,372 2,224
2,023 1,937 1,882 1,849
644
Number of Properties Sold
537 522
1,874 1,978 2,129 2,157
493
1,937 1,882 1,849 1,874 1,978
422
2,373 2,524
497
2,129 2,157
403 457 627 593 615 607 490
2,373 2,524 2,571 2,535 2,408 2,424 2,394 2,362
517
2,571 2,535 2,408 2,424 2,394 2,362 2,307 2,418 2,528 2,609 476 464 430 485
2,813 2,942 2,952 2,734
2,307 2,418 2,528
391 447
3 Mo Avg
640
2,639 2,519 2,400
2,213 581 635
2,609 2,813 2,942 2,952 2,734 2,639 2,519
3 Mo Avg
602 518
2,400 2,213
520
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
62 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | 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 Asso 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 .