FL ARCHIVED December 2017 | Page 62

Market Action Report December 2017
Community Information | School District
Market Action Report December 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
$ 390,000
0 %
1 %
Average List Price of all Current Listings
$ 707,227
1 %
-3%
December Median Sales Price
$ 312,500
0 %
2 %
10 %
20 %
$ 285,000
10 %
10 %
December Average Sales Price
$ 517,134
-3%
10 %
35 %
38 %
$ 420,534
13 %
12 %
Total Properties Currently for Sale ( Inventory )
2,415
0 %
-8%
December Number of Properties Sold
529
7 %
9 %
6,227
1 %
December Average Days on Market ( Solds )
82
2 %
2 %
12 %
17 %
80
14 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 289
5 %
9 %
17 %
25 %
$ 245
6 %
6 %
December Sold Price per Square Foot
$ 263
4 %
11 %
33 %
33 %
$ 217
11 %
10 %
December Month ' s Supply of Inventory
4.6
-7%
-6%
-15%
-6%
5.1
4 %
4 %
December Sale Price vs List Price Ratio
94.2 %
1.1 %
. 8 %
. 6 %
. 4 %
93.2 %
-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 December Property sales were 529 , up 9.1 % from 485 in
December of 2016 and 7.1 % higher than the 494 sales last 600 Property month . December Sales 2017 sales were at their highest level 700
December compared Property to December sales were of 2016 529 , and up 9.1 2015 % from . December 485 in YTD sales 500 December of 6,227 are of 2016 running and 7.1 1.0 % higher ahead than of last the year 494 ' s sales year-to-date last sales 600 month of 6,164 . December . 2017 sales were at their highest level
400 compared to December of 2016 and 2015 . December YTD sales 500 of 6,227 are running 1.0 % ahead of last year ' s year-to-date sales 300 of 6,164 .
400 200
300 100
200

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

404 439 629 648 628
Number of Properties Sold
100
0
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
0
15
16
17
Prices
The Median Sales Price in December was $ 312,500 , up 10.0 %
Prices from $ 284,000 in December of 2016 and up 0.1 % from
The
$ 312,250 Median last Sales month Price . in The December Average was Sales $ 312,500 Price in , up December 10.0 % was
600 from
$ 517,134 $ 284,000 , up 34.5 in December % from $ of 384,406 2016 and in December up 0.1 % from of 2016 and
$ down 312,250 2.7 last % from month $ 531,486 . The Average last month Sales . Price December in December 2017 ASP was was
550
$ at 517,134 the highest , up 34.5 level % from compared $ 384,406 to December in of of 2016 2016 and and 2015 .
500
J
F M A M J
15
600
550
500
450
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
down 2.7 % from $ 531,486 last month . December 2017 ASP was at the highest level compared to December of 2016 and 2015 .
450
400
400
350
350
300
300
250
250
200
200
J
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
15
16
17
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
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
December Total Inventory was 2,415 of , Properties up 0.0 % from available 2,414 for last sale month as of and down
3,500
December
7.6 % from was 2,614 2,415 in , up December 0.0 % from of last 2,414 year last . month December and down 2017
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.6
Inventory % from 2,614 was at in a December mid level of compared last year . with December December 2017 of
20163,000
7.0
2,500
Inventory and 2015 was . at a mid level compared with December of 2016
2,500
6.0 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 December for sellers 2017 while MSI of a 4.6
1,000
2.0 higher months MSI was is better at a mid for level buyers compared . The December with December 2017 MSI of of 2016 4.6
500
500 months was at a mid level compared with December of 2016
1.0 and 2015 .
0 and 2015 .
0
0.0
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 S O N D
15
16
17
15
16
17
658
404 439 629 648 628 658 644 537 523 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 392 447 640 581 635 602 518 523 416 450 494 529
2,373 2,418 2,376 2,228
2,373 2,418 2,376 2,228 2,026 1,939
1,883 2,026
1,850 1,939 644 537 523
1,883 1,850 1,874
493 1,979
1,874 1,979 2,130 2,157
422
Number of Properties Sold
497 403
2,373 457 627
2,525 2,572
593 615 607
2,536 2,409 2,426
490
2,397 2,366
2,373 2,130 2,525 2,157 2,572 2,536 2,409 2,426 2,397 2,366 2,311 2,422 2,533 517 476 2,821
2,533 2,953
2,967 2,614 2,755
2,614 2,311
2,422 464 430 485 392 447
2,821 2,953 2,967 640 581
2,755
2,666 635 602
2,554 2,453
3 Mo Avg
518
2,666 2,554 2,453 2,346 2,243 2,322 2,414 2,415
523
2,346 2,243
416 2,322
3 Mo Avg
450 494
2,414 2,415
529
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 .