FL ARCHIVED November 2017 | Page 62

Market Action Report November 2017
Community Information | School District
Market Action Report November 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
$ 389,900
0 %
3 %
Average List Price of all Current Listings
$ 699,352
0 %
-3%
November Median Sales Price
$ 313,750
-0%
6 %
21 %
21 %
$ 280,000
9 %
8 %
November Average Sales Price
$ 532,093
18 %
21 %
45 %
42 %
$ 411,618
11 %
10 %
Total Properties Currently for Sale ( Inventory )
2,362
3 %
-7%
November Number of Properties Sold
494
10 %
15 %
5,698
0 %
November Average Days on Market ( Solds )
80
-1%
-1%
11 %
14 %
80
16 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 275
9 %
10 %
17 %
19 %
$ 242
5 %
4 %
November Sold Price per Square Foot
$ 253
14 %
14 %
31 %
28 %
$ 212
8 %
7 %
November Month ' s Supply of Inventory
4.8
-6%
-6%
-19%
-2%
5.1
5 %
4 %
November Sale Price vs List Price Ratio
93.3 %
-. 1 %
. 3 %
-. 6 %
-. 6 %
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 November Property sales were 494 , up 14.9 % from 430 in
November of 2016 and 9.8 % higher than the 450 sales last 600 Property month . November Sales 2017 sales were at their highest level 700
November compared Property to November sales were of 2016 494 , and up 14.9 2015 %. from November 430 in YTD sales 500 November of 5,698 are of 2016 running and 9.8 0.3 % higher ahead than of last the year 450 ' s sales year-to-date last sales 600 month . November 2017 sales were at their highest level
400 of 5,679 . compared to November of 2016 and 2015 . November YTD sales 500
of 5,698 are running 0.3 % ahead of last year ' s year-to-date sales 300 400 of 5,679 . 200
300 100
200

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

494 404 439 629 648
Number of Properties Sold
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 313,750 , up 21.0 %
Prices from $ 259,250 in November of 2016 and down 0.2 % from
The
$ 314,500 Median last Sales month Price . in The November Average was Sales $ 313,750 Price in , up November 21.0 % was
600 from
$ 532,093 $ 259,250 , up in 45.4 November % from $ of 366,032 2016 and in down November 0.2 % from of 2016 and
$ up 314,500 18.0 % last from month $ 450,849 . The Average last month Sales . Price November in November 2017 ASP was was
550
$ at 532,093 the highest , up 45.4 level % from compared $ 366,032 to November in November of 2016 of 2016 and and 2015 .
500
D
J
F M A M J
14
15
600
550
500
450
J
A
SMedian O N D JSales F M APrice M J Jand
A SAverage O N D
J Sales
F M A Price M J
J
16
17
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
up 18.0 % from $ 450,849 last month . November 2017 ASP was at the highest level compared to November of 2016 and 2015 .
450
400
400
350
350
300
300
250
250
200
200
D
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
14
15
16
17
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
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
November Total Inventory was 2,362 of Properties , up 3.3 % from available 2,287 for last sale month as of and down
3,500
November
6.7 % from was 2,531 2,362 in , November up 3.3 % from of last 2,287 year last . November month and down 2017
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
6.7
Inventory % from 2,531 was at in November a mid level of compared last year . with November November 2017 of
20163,000
7.0
2,500
Inventory and 2015 was . at a mid level compared with November of 2016
2,500
6.0
2,000 and 2015 .
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 November for sellers 2017 while MSI a of 4.8
1,000
2.0 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 4.8
500 of
2016500 months was at its lowest level compared with November of 2016
1.0 and 2015 .
0 and 2015 .
0
0.0
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 O N
14
15
16
17
14
15
16
17
628 658
494 404 439 629 648 628 658 644 537 523 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 392 447 640 581 635 602 518 523 416 450 494
2,152 2,373 2,418 2,376 2,228
2,026
2,152 2,373 2,418 2,376 2,228 2,026 1,939 1,883 1,850 644 537 523
1,874 1,979 2,130 2,157
493
1,939 1,883 1,850 1,874 1,979
Number of Properties Sold
422 497 403 457 627 593 615 607 490
2,373 2,130 2,525 2,157 2,572 2,536 2,409 2,426 2,395 2,364 2,309 2,420 2,531
517
2,373 2,525 2,572 2,536 2,409 2,426 2,395 2,364 2,309 2,612 476 464 430 485
2,420 2,818
2,531 2,950
2,963 2,612 2,751
392 447 640 581 635
3 Mo Avg
602
2,659 2,546 2,442 2,332 2,223 2,287 2,362
518
2,818 2,950 2,963 2,751 2,659 2,546 2,442 2,332
523 416
2,223 2,287
3 Mo Avg
450
2,362 494
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 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 .