FL ARCHIVED April 2018 | Page 106

Market Action Report April 2018
Community Information | School District
Market Action Report April 2018

County : 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
$ 344,000
1 %
6 %
Average List Price of all Current Listings
$ 618,229
3 %
5 %
April Median Sales Price
$ 262,250
1 %
2 %
7 %
5 %
$ 257,500
7 %
3 %
April Average Sales Price
$ 375,782
-3%
-3%
10 %
6 %
$ 386,295
13 %
9 %
Total Properties Currently for Sale ( Inventory )
4,625
-7%
-10%
April Number of Properties Sold
1,304
8 %
11 %
4,209
8 %
April Average Days on Market ( Solds )
74 -12% -5%
1 %
-4%
78
3 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 217
0 %
-1%
12 %
5 %
$ 220
8 %
7 %
April Sold Price per Square Foot
$ 198
-2%
-2%
9 %
4 %
$ 203
10 %
7 %
April Month ' s Supply of Inventory
3.5 -14% -21% -18% -30%
4.9
-16%
-3%
April Sale Price vs List Price Ratio
94.0 %
. 1 %
-. 0 %
. 3 %
. 3 %
94.0 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
1,400
April Property sales were 1,304 , up 10.8 % from 1,177 in April of
2017 and 8.1 % higher than the 1,206 sales last month . April
1,200
Property
2018 sales Sales were at their highest level compared to April of 2017
1,400
April and Property 2016 . April sales YTD were sales 1,304 of , 4,209 up 10.8 are % from running 1,1778.1 in % April ahead of of
1,000
2017 last and year 8.1 ' s year-to-date % higher than sales the 1,206 of 3,895 sales . last month . April
2018 sales were at their highest level compared to April of 2017
1,200
800
and 2016 . April YTD sales of 4,209 are running 8.1 % ahead of
1,000
last year ' s year-to-date sales of 3,895 .
600
800
400
600

Sarasota Agent County

Name
Title Phone Website Other

Community Information | School District

400
200
Number of Properties Sold
200
0
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
0
15
16
17
18
Prices
The Median Sales Price in April was $ 262,250 , up 7.0 % from
Prices
$ 245,000 in April of 2017 and up 0.9 % from $ 259,900 last
The month Median . The Sales Average Price Sales in April Price was in $ 262,250 April was , up $ 375,782 7.0 % from , up
450
$
10.0 245,000 % from in April $ 341,601 of 2017 in and April up of 0.9 2017 % from and $ down 259,900 2.9 % last from
M
J
15
450
400
J
A S O N D
J
Median
F M A M Sales J
J
A Price S O N and D
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 387,190 . The last Average month Sales . April Price 2018 in April ASP was $ at 375,782 the highest , up level
10.0 % from $ 341,601 in April of 2017 and down 2.9 % from
400 compared to April of 2017 and 2016 .
350
$ 387,190 last month . April 2018 ASP was at the highest level
compared to April of 2017 and 2016 .
350
300
300
250
1,216 1,191 1,219 1,071 952
1,216 1,191 1,219 1,071 952 897 782 944 738 792 1,141 1,094 1,139 1,141 938 951 917 881 831 920 720 806 1,192 1,177 1,241 1,158 974 1,024 756 858 869 961 830 869 1,206 1,304
250
200
200
M
M
J
15
J
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
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M A
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 4,625 Inventory , down 7.2 of % Properties from 4,986 available last month for sale and as of down April 9.7 %
6,000 was from 4,625 5,122 , down in April 7.2 % of from last 4,986 year . last April month 2018 and Inventory down 9.7 was % at a
6,000
5,000 from mid 5,122 level in compared April of last with year April . April of 2017 2018 and Inventory 2016 . was at a
5,000 mid level compared with April of 2017 and 2016 .
4,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
4,000
3,000
5.0
3,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
2,000
3.0
A comparatively lower MSI is more beneficial for sellers while a
2,000 higher MSI is better for buyers . The April 2018 MSI of 3.5 higher MSI is better for buyers . The April 2018 MSI of 3.5
1,000
2.0 months was at its lowest level compared with April of 2017 and
1,000 months was at its lowest level compared with April of 2017 and
1.0
2016 .
0
2016 .
0
0.0
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 D J
F M A
15
16
17
18
15
16
17
18
3,810 3,514 3,381 3,305 3,372 3,556 3,857 3,940
897
3,810 3,514 3,381 3,305 3,372
3,556
4,385 782 944 738 792
4,714 4,803 4,581 4,393
3,857 3,940
1,141
Number of Properties Sold
1,094
4,385 4,714 4,803 4,581 4,393 1,139 1,141 938 951
4,320 4,228 4,160 4,159 4,422 4,671 4,874 917 881
4,320 4,228 4,160 4,159 4,422 4,671 831 920
5,333 5,527
4,874 5,562
5,122 720 806
5,333 5,527 5,562 1,192 1,177 1,241 1,158
5,122 4,921 4,725 4,521
4,921 4,725 4,521 4,283 4,171 4,366 4,590
974
4,646 1,024 756
5,017 5,104 4,986
4,283 4,171 4,366
3 Mo Avg
858 869
4,625 961 830
4,590
4,646 5,017 5,104
3 Mo Avg
869 1,206
4,986 4,625
1,304
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
54 | 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 .