FL ARCHIVED October 2017 | Page 62

Market Action Report October 2017
Community Information | School District
Market Action Report October 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
$ 394,900
1 %
5 %
Average List Price of all Current Listings
$ 708,076
-1%
-1%
October Median Sales Price
$ 315,000
15 %
10 %
31 %
21 %
$ 280,000
9 %
8 %
October Average Sales Price
$ 453,219
25 %
12 %
32 %
21 %
$ 400,485
8 %
7 %
Total Properties Currently for Sale ( Inventory )
2,231
2 %
-8%
October Number of Properties Sold
451
9 %
-3%
5,202
-1%
October Average Days on Market ( Solds )
82
5 %
0 %
15 %
17 %
80
16 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 254
8 %
8 %
10 %
9 %
$ 239
4 %
3 %
October Sold Price per Square Foot
$ 222
12 %
6 %
18 %
12 %
$ 209
7 %
6 %
October Month ' s Supply of Inventory
4.9
-7%
1 %
-5%
2 %
5.1
8 %
4 %
October Sale Price vs List Price Ratio
93.4 %
. 4 %
. 5 %
-. 6 %
-. 5 %
93.1 %
-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
October Property sales were 451 , down 2.8 % from 464 in
October of 2016 and 8.9 % higher than the 414 sales last month .
600
Property
October 2017 Sales sales were at their lowest level compared to
700
October Property of 2016 sales and 2015 were . 451 October , down YTD 2.8 % sales from of 464 5,202 in are
500
October running of 0.9 2016 % behind and 8.9 % last higher year ' than s year-to-date the 414 sales sales last of month 5,249 .
October 2017 sales were at their lowest level compared to
600
400
October of 2016 and 2015 . October YTD sales of 5,202 are
500
running 0.9 % behind last year ' s year-to-date sales of 5,249 .
300
400
200
300
200
100

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 315,000 , up 31.3 %
Prices from $ 240,000 in October of 2016 and up 15.0 % from
The
$ 274,000 Median last Sales month Price . in The October Average was Sales $ 315,000 Price , up in 31.3 October % was
500 from
$ 453,219 $ 240,000 , up 32.0 in October % from of $ 2016 343,450 and in up October 15.0 % from of 2016 and up
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
14
15
16
17
500
Median Sales Price and Average Sales Price
450
J
A S O
3 Mo Avg
3 Mo Avg
$
25.2 274,000 % from last $ month 361,948 . The last Average month Sales . October Price 2017 in October ASP was at the
450
$ highest 453,219 , level up 32.0 compared % from $ to 343,450 October in of October 2016 and of 2016 2015 and . up
400
25.2 % from $ 361,948 last month . October 2017 ASP was at the
400
350
highest level compared to October of 2016 and 2015 .
350
300
300 250
390 494 404 439 629 648
390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 391 447 640 581 635 602 518 523 414 451
250
200
200
N
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
D
14
J
F
15 M 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 S O
A S O
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
October Total Inventory was 2,231 of , up Properties 1.6 % from available 2,196 last for sale month as of and down
3,500
October
7.8 % from was 2,419 2,231 , in up October 1.6 % from of 2,196 last year last . month October and 2017 down Inventory
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.8 was % from at a mid 2,419 level in October compared of last with year October . October of 2016 2017 and Inventory 2015 .
3,000
7.0
2,500 was at a mid level compared with October of 2016 and 2015 .
2,500
6.0
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 MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 4.9
1,000 higher MSI is better for buyers . The October 2017 MSI of 4.9
2.0 months was at a mid level compared with October of 2016 and
500 months was at a mid level compared with October of 2016 and
500
1.0
2015 .
0
2015 .
0
0.0
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 S O
14
15
16
17
14
15
16
17
2,099
627
2,146 2,367 2,413 2,372 2,224
2,023 658
2,099
2,146 2,367 2,413 2,372 2,224 2,023 1,937 1,882 1,849
644
1,937
1,882 537 522
1,849 1,874
1,874 1,978 2,129 2,157
Number of Properties Sold
493 422
2,373 2,524
1,978
497
2,129 2,157
403 457 627 593 615 607 490 517
2,373 2,524 2,571 2,535 2,408 2,424 2,394 2,363 2,308
2,571 2,535 2,408 2,424 2,394 2,363 2,308 2,419 2,529 2,611 476 464 430 485
2,419 2,815 2,529
2,948 2,961 2,611
2,747
391 447 640 581
3 Mo Avg
635
2,654 2,539 2,432 2,318 2,196 2,231 602 518
2,815 2,948 2,961 2,747 2,654 2,539 2,432 2,318
3 Mo Avg
523 414
2,196 2,231
451
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
62 | 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 .