FL ARCHIVED August 2017 | Page 64

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

Zip Code : 34242 - 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
$ 899,000
1 %
22 %
Average List Price of all Current Listings
$ 1,593,651
3 %
16 %
August Median Sales Price
$ 652,500
22 %
8 %
-15%
14 %
$ 580,000
1 %
1 %
August Average Sales Price
$ 1,057,776
44 %
35 %
12 %
42 %
$ 761,324
0 %
2 %
Total Properties Currently for Sale ( Inventory )
286 -12%
-9%
August Number of Properties Sold
38
-5%
-19%
335
-2%
August Average Days on Market ( Solds )
163
28 %
15 %
54 %
37 %
127
10 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 567
13 %
12 %
19 %
14 %
$ 519
6 %
5 %
August Sold Price per Square Foot
$ 446
-0%
3 %
-10%
3 %
$ 428
-2%
-1%
August Month ' s Supply of Inventory
7.5
-7%
-9%
12 %
-25%
8.8
2 %
-12%
August Sale Price vs List Price Ratio
88.5 % -2.3% -2.6% -4.3% -4.0%
91.2 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Siesta Agent Name Key Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
70
August Property sales were 38 , down 19.1 % from 47 in August of
2016 and 5.0 % lower than the 40 sales last month . August 2017
60
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to August of 2016 and
70
August
2015 . Property August YTD sales sales were of 38335 , down are 19.1 running % from 2.3 47 % in behind August last of
50
2016 year and ' s year-to-date 5.0 % lower sales than the of 343 40 sales . last month . August 2017 sales were at their lowest level compared to August of 2016 and
2015 . August YTD sales of 335 are running 2.3 % behind last year ' s year-to-date sales of 343 .
60
50
40
30
40
20
30
20
10
10
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
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
The Median Sales Price in August was $ 652,500 , down 14.7 %
1,200
Prices from $ 765,000 in August of 2016 and up 22.0 % from $ 534,750
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in August Sales Price was $ 652,500 in August , down was $ 14.7 1,057,776 % ,
1,100
1,200 from up 11.7 $ 765,000 % from in $ 946,951 August of in 2016 August and of up 2016 22.0 and % from up 43.7 $ 534,750 % from
1,000 last
$ 736,326 month . last The month Average . August Sales Price 2017 in ASP August was was at the $ 1,057,776 highest , level
1,100 up compared 11.7 % from to $ August 946,951 of in 2016 August and of 2015 2016 . and up 43.7 % from
900
1,000
3 Mo Avg
$ 736,326 last month . August 2017 ASP was at the highest level compared to August of 2016 and 2015 .
900
800
800
700
700
600
600
500
500
400
400
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 M
15 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 286 , Inventory down 11.7 of % Properties from 324 available last month for and sale down as of August 9.2 % from was 315286 in August , down 11.7 of last % from year 324 . August last month 2017 and Inventory down 9.2 was % from at a mid
450
315 level in August compared of last with year August . August of 2016 2017 and Inventory 2015 . was at a mid
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
20.0
15.0
level compared with August of 2016 and 2015 .
350
300
15.0
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The August 2017 MSI of 7.5 higher MSI is better for buyers . The August 2017 MSI of 7.5
100 months was at its highest level compared with August of 2016 months was at its highest level compared with August of 2016
50 and 2015 . and 2015 .
0
250
200
10.0
150
100
5.0
50
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 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
10.0
5.0
0.0
35 42 26 33 36 23 44 44 63 57 48 43 38 30 27 41 37 27 32 50 57 57 36 47 33 25 21 34 33 36 48 48 55 37 40 38
313
35 42
308
309 313
328 308 26
309 370 33 36 23 399
328 399
408 370 377
44 408 337
44 377 326
63 337
288 57 326
273
269 48 43 38 30 27 41 37
288
275 273 296 269
282 275 323 296 353
282 366
323 371
27 32 50 57 57 36 47 33 25 21 34 33 36 48
357 353
350 366
323 371
315 357
313 350
346 323
356 315
313 379 346
394 404 356 389
379 369
394 359
404 341
389 324
369 286
359 48
341 55
324 37
286 40 38
64 | 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 .