FL ARCHIVED February 2018 | Page 122

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

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
$ 400,000
0 %
1 %
Average List Price of all Current Listings
$ 744,025
3 %
-0%
February Median Sales Price
$ 278,950
-7%
-8%
6 %
-2%
$ 292,000
6 %
2 %
February Average Sales Price
$ 493,186
1 %
-3%
33 %
16 %
$ 490,400
21 %
15 %
Total Properties Currently for Sale ( Inventory )
2,700
3 %
-9%
February Number of Properties Sold
434
-9%
-3%
909
8 %
February Average Days on Market ( Solds )
84
-1%
2 %
4 %
4 %
84
6 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 264
-3%
-3%
9 %
7 %
$ 268
11 %
9 %
February Sold Price per Square Foot
$ 248
0 %
-2%
23 %
13 %
$ 248
17 %
13 %
February Month ' s Supply of Inventory
6.2
12 %
14 %
-6%
22 %
5.9
-15%
15 %
February Sale Price vs List Price Ratio
93.3 %
-. 3 % -. 3 %
. 2 %
. 0 %
93.4 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
700
February Property sales were 434 , down 2.9 % from 447 in
February of 2017 and 8.6 % lower than the 475 sales last month .
600
Property
February 2018 Sales sales were at their lowest level compared to
700
February Property of 2017 sales and 2016 were . 434 February , down 2.9 YTD % from sales 447 of 909 in are
500
February running of 8.3 2017 % ahead and 8.6 of % last lower year than ' s year-to-date the 475 sales sales last of month 839 .
February 2018 sales were at their lowest level compared to
600
400
February of 2017 and 2016 . February YTD sales of 909 are
500
running 8.3 % ahead of last year ' s year-to-date sales of 839 .
300
400
200
300
200
100

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

629 648 628
Number of Properties Sold
100
0
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
0
15
16
17
18
Prices
The Median Sales Price in February was $ 278,950 , up 6.1 %
Prices from $ 263,000 in February of 2017 and down 7.0 % from
The
$ 300,000 Median Sales last month Price in . The February Average was Sales $ 278,950 Price , up in February 6.1 % was
600 from
$ 493,186 $ 263,000 , up 32.9 in February % from of $ 371,079 2017 and in down February 7.0 % of from 2017 and up
$
1.1 300,000 % from last $ 487,855 month . last The month Average . February Sales Price 2018 in February ASP was was at the
550
$ highest 493,186 , level up 32.9 compared % from $ to 371,079 February in February of 2017 and of 2017 2016 and . up
500
M
A M J
15
600
550
500
450
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1.1 % from $ 487,855 last month . February 2018 ASP was at the highest level compared to February of 2017 and 2016 .
450
400
400
350
350
300
300
250
629 648 628 658 644 537 523 493 422 497 403 457 627 593 615 607 490 517 476 464 430 485 392 447 640 581 635 602 518 523 416 450 494 531 475 434
250
200
200
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 M J
J
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
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
The
February Total Inventory was 2,700 of , Properties up 2.7 % from available 2,628 for last sale month as of and down
3,500
February
8.8 % from was 2,959 2,700 in , up February 2.7 % from of 2,628 last year last . month February and 2018 down
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
8.8
Inventory % from 2,959 was at in a February mid level of compared last year . February with February 2018 of 2017
3,000
7.0
2,500
Inventory and 2016 was . at a mid level compared with February of 2017
2,500
6.0 and 2016 .
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 February for sellers 2018 MSI while of a
6.21,000 higher MSI is better for buyers . The February 2018 MSI of 6.2
2.0 months was at a mid level compared with February of 2017 and
500 months was at a mid level compared with February of 2017 and
500
1.0
2016 .
0
2016 .
0
0.0
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 D J
F
15
16
17
18
15
16
17
18
2,376
2,228 2,026 1,940 1,884 658 644 537 523 493
2,376
2,228 2,026 1,940 1,884 1,851 1,875 1,980
1,851 1,875 1,980 2,131 2,158
422 497 2,158
2,374 2,131 2,526
403
Number of Properties Sold
457 627 593 615 607 490 517 476
2,374 2,526 2,573 2,537 2,410 2,427 2,398 2,368 2,313
2,573 2,537 2,410 2,427 2,398 2,368 2,313 2,424 2,535 2,618
464 430 485 392
2,618 2,826 2,959 447 640 581 635 602
2,424 2,826
2,535 2,959 2,975
2,763 2,676 2,565 2,466 2,360 2,258 2,346
518 523
2,446 2,487 2,628
3 Mo Avg
416
2,975 2,763 2,676 2,565 2,466 2,360 2,258 2,346 2,700 450 494
2,446 2,487
3 Mo Avg
531 475
2,628 2,700
434
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 .