FL ARCHIVED March 2018 | Page 128

Community Information | School District
Market Action Report March 2018

Zip Code : 34242 - Sarasota Price Range : All | Properties : SFH - Con

Siesta

Agent Name

Key

Title Phone Website Other

Community Information | School District

450 400
Days On Market for Sold Properties
Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
160
Buyer ' s market , a downward trend a move towards more of a
Seller ' s market . The DOM for March was 118 , up 51.3 % from 78 days last month and up 9.3 % from 108 days in March of last year . The March 2018 DOM was at a mid level compared with
140
120
100
108
118
March of 2017 and 2016 .
80
64
60
40
20
0
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
15
16
17
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
650
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
600
more normalized indicator on the direction of Property values .
The March 2018 Selling Price per Square Foot of $ 461 was down
550
0.3 % from $ 462 last month and up 9.9 % from 420 in March of
500
last year .
461
421 420
3 Mo Avg
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 March 2018 Selling Price vs Original List Price of 90.7 % was down from 93.7 % last month and down from 91.4 % in March of last year .
350
96 % 94 % 92 % 90 %
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
15
16
17
18
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.8 %
91.4 %
3 Mo Avg
90.7 %
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 March 2018 was 64 , down 26.4 % from 87 last month and down 4.5 % from 67 in March of last year .
88 % 86 % 84 %
450 400 350 300 250 200 150 100 50 0
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
15
16
17
18
Inventory / New Listings / Sales
377
337
326 288 273 269 275 296 282
323 353 366 371 357 350 323 315 313
346
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
15
16
17
18
356 379 394 404 390 369 360 342 326
294 272 279 304 315 331 357 348
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 Association of REALTORS 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 .
c o l d w e l l b a n k e r h o m e s . c o m | 65 ciation of REALTORS , Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may