FL ARCHIVED April 2018 | Page 128

Community Information | School District
Market Action Report April 2018

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

Siesta

Agent Name

Key

Title Phone Website Other

Community Information | School District

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 April was 127 , up 7.6 % from 118 days last month and up 4.1 % from 122 days in April of last year .
The April 2018 DOM was at a mid level compared with April of
140
120
100
102
122
127
2017 and 2016 .
80
60
40
20
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
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 April 2018 Selling Price per Square Foot of $ 411 was down
550
11.0 % from $ 461 last month and down 7.3 % from 443 in April of
500
last year .
443
450
405
411
400
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 April 2018 Selling Price vs Original List Price of 91.4 % was up from 90.7 % last month and down from 91.5 % in April of last year .
350
96 % 94 % 92 % 90 %
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
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.1 %
3 Mo Avg
91.5 % 91.4 %
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 April 2018 was 71 , up 6.0 % from 67 last month and up 16.4 % from 61 in April of last year .
88 % 86 % 84 %
500 450 400 350 300 250 200 150 100 50 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
15
16
17
18
Inventory / New Listings / Sales
349
338 302 287 283 291 312 297
338 368 381 387 373 368 342 336 335 373 383 410 427 441 427 405 405 387 370
334 308 316 338 347 351 379 370
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
345
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