FL ARCHIVED November 2017 | Page 64

Market Action Report November 2017
Community Information | School District
Market Action Report November 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
$ 850,000
-3%
6 %
Average List Price of all Current Listings
$ 1,398,527
-8%
-0%
November Median Sales Price
$ 612,500
-10%
3 %
16 %
7 %
$ 585,000
6 %
2 %
November Average Sales Price
$ 1,154,689
47 %
24 %
87 %
55 %
$ 786,698
6 %
6 %
Total Properties Currently for Sale ( Inventory )
298
8 %
-16%
November Number of Properties Sold
29 -26%
38 %
429
2 %
November Average Days on Market ( Solds )
157
48 %
13 %
19 %
32 %
127
4 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 467
-20% -11%
-1%
-6%
$ 515
6 %
4 %
November Sold Price per Square Foot
$ 488
5 %
6 %
14 %
13 %
$ 436
0 %
1 %
November Month ' s Supply of Inventory
10.3
45 %
11 % -39%
3 %
8.9
-10%
-11%
November Sale Price vs List Price Ratio
91.3 % -1.1% . 5 %
. 0 %
-1.0%
91.3 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales November Property sales were 29 , up 38.1 % from 21 in
November of 2016 and 25.6 % lower than the 39 sales last Property month . November Sales 2017 sales were at their highest level 70
November compared Property to November sales were of 2016 29 , up and 38.1 2015 % from . November 21 in YTD sales November of 429 are of running 2016 and 1.725.6 % ahead % lower of than last year the 39 ' s year-to-date sales last sales of 60 month 422 . . November 2017 sales were at their highest level compared to November of 2016 and 2015 . November YTD sales 50 of 429 are running 1.7 % ahead of last year ' s year-to-date sales of
40 422 .
30

Siesta Agent Name Key Title Phone Website Other

Community Information | School District

20
70 60 50 40 30 20 10
Number of Properties Sold
10
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
D
J
F M A M J
Prices
14
15
The Median Sales Price in November was $ 612,500 , up 15.8 %
1,200
Prices from $ 529,000 in November of 2016 and down 9.9 % from
The
$ 680,000 Median Sales last month Price in . The November Average was Sales $ 612,500 Price in , up November 15.8 %
1,100
1,200 from was $ 529,000 1,154,689 in , November up 86.9 % from of 2016 $ 617,745 and down in November 9.9 % from of 2016
1,000
$ and 680,000 up 47.0 last % month from . $ The 785,264 Average last Sales month Price . November in November 2017 ASP
1,100 was $ 1,154,689 , up 86.9 % from $ 617,745 in November of 2016
900 was at the highest level compared to November of 2016 and
1,000
J
A
SMedian O N D
J Sales 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
and
2015 up . 47.0 % from $ 785,264 last month . November 2017 ASP was at the highest level compared to November of 2016 and
2015 .
900
800
800
700
700
600
600
500
500
400
400
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 298 of , up Properties 8.0 % from available 276 last for month sale as of and down
November
16.3 % from was 356 298 in , up November 8.0 % from of 276 last last year month . November and down 2017
450
16.3
Inventory % from 356 was in at November a mid level of compared last year . with November November 2017 of
2016400
Inventory and 2015 was . at a mid level compared with November of 2016
350 and 2015 .
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 November 2017 MSI of higher MSI is better for buyers . The November 2017 MSI of
100
10.3 months was at its lowest level compared with November of
10.3 months was at its lowest level compared with November of
50
2016 and 2015 .
2016 and 2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
20.0
350
300
15.0
250
200
10.0
150
100
5.0
50
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 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
20.0
15.0
10.0
5.0
0.0
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 26 39 29
328 33
370 328
36 370
399 408
23 377
44
399 408
44 377
337 326
63 337
57 326
288 273
48 288
269 275
43 273 296
38 282
30
269 275
27
323 296
Number of Properties Sold
41
353 366
282 37
323 371
27
353 366
32
357 350
371 50
357
323 315
57 350
313 57 36
323 315
346
356 47 33
379 394
313
25
346
404 356
21 34
379 394
390 369
33 404
359 341
36 390
48
369
324 292
48
359 270
55
341
3 Mo Avg
37
324 292
276 298
40 270
38 276
3 Mo Avg
26
298 39 29
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
64 | 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 .