FL ARCHIVED March 2018 | Page 106

Market Action Report March 2018
Community Information | School District
Market Action Report March 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
$ 349,000
2 %
3 %
Average List Price of all Current Listings
$ 618,104
1 %
1 %
March Median Sales Price
$ 259,900
6 %
1 %
7 %
4 %
$ 255,000
6 %
2 %
March Average Sales Price
$ 387,329
0 %
-2%
17 %
9 %
$ 391,143
15 %
10 %
Total Properties Currently for Sale ( Inventory )
4,782
-3%
-8%
March Number of Properties Sold
1,204
39 %
1 %
2,904
7 %
March Average Days on Market ( Solds )
84
12 %
6 %
8 %
9 %
80
4 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 219
-4%
-4%
5 %
3 %
$ 225
7 %
6 %
March Sold Price per Square Foot
$ 203
-0%
-3%
11 %
7 %
$ 206
11 %
8 %
March Month ' s Supply of Inventory
4.0 -30% -23% -9%
-17%
5.1
-14%
8 %
March Sale Price vs List Price Ratio
93.8 %
-. 3 % -. 3 %
. 2 %
. 1 %
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
March Property sales were 1,204 , up 1.0 % from 1,192 in March
of 2017 and 38.6 % higher than the 869 sales last month . March
1,200
Property
2018 sales Sales were at their highest level compared to March of
1,400
March
2017 and Property 2016 sales . March were YTD 1,204 sales , up of 1.02,904 % from are 1,192 running March 6.8 %
1,000
of ahead 2017 and of last 38.6 year % higher ' s year-to-date than the 869 sales sales of 2,718 last month . . March
2018 sales were at their highest level compared to March of
1,200
800
2017 and 2016 . March YTD sales of 2,904 are running 6.8 %
1,000
ahead of last year ' s year-to-date sales of 2,718 .
600
800
400
600
400
200

Sarasota Agent County

Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
200
0
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
0
15
16
17
18
Prices
The Median Sales Price in March was $ 259,900 , up 7.4 % from
Prices
$ 242,000 in March of 2017 and up 6.1 % from $ 245,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 259,900 was , up $ 387,329 7.4 % from , up
450
$
17.2 242,000 % from in March $ 330,473 of 2017 in March and up of 6.1 2017 % from and $ up 245,000 0.2 % from last
A
M J
15
450
400
J
A S O N
DMedian
J
F M A Sales M J
J Price
A S O and N D Average
J
F M A MSales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 386,484 . The last Average month Sales . March Price in 2018 March ASP was was $ 387,329 at the highest , up level
17.2 % from $ 330,473 in March of 2017 and up 0.2 % from
400 compared to March of 2017 and 2016 .
350
$ 386,484 last month . March 2018 ASP was at the highest level
compared to March of 2017 and 2016 .
350
300
300
250
1,226 1,213 1,191
1,226 1,213 1,191 1,220 1,070 950 896 779 946 739 790 1,140 1,094 1,137 1,137 939 952 918 881 829 920 720 806 1,192 1,174 1,241 1,158 974 1,024 756 858 868 966 831 869 1,204
4,029 3,693 3,394 3,258 3,185
1,220 1,070 950
3,249 3,421 3,721 3,801
896
4,244 779 946 739 790
4,563 4,645 4,422 4,233
Number of Properties Sold
250 200
200 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
15 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 M
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 March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 4,782 Inventory , down 3.2 of % Properties from 4,941 available last month for sale and as down of March 8.4 % 6,000
8.0 was from 4,782 5,223 , down in March 3.2 % from of last 4,941 year last . March month 2018 and down Inventory 8.4 % was at 6,000 8.0
5,000 7.0 from a mid 5,223 level in compared March of last with year March . March of 2017 2018 and Inventory 2016 . was at 5,000
7.0 6.0 a mid level compared with March of 2017 and 2016 . 4,000
6.0 5.0
4,000 3,000
5.0 4.0
3,000 4.0
A comparatively lower MSI is more beneficial for sellers while a 2,000
3.0
3.0
A comparatively lower MSI is more beneficial for sellers while a 2,000 higher MSI is better for buyers . The March 2018 MSI of 4.0
2.0 higher MSI is better for buyers . The March 2018 MSI of 4.0 1,000 2.0 months was at its lowest level compared with March of 2017 and 1,000 1.0 months was at its lowest level compared with March of 2017 and 1.0
2016 . 0
0.0 2016 .
0
0.0 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 M J J A S O N D J F M 15
16 17
18 15
16 17
18
4,029 3,693 3,394 3,258 3,185 3,249 3,421 3,721 3,801
1,140 1,094 1,137 1,137 939 952
4,153 4,048 3,969 3,962 4,205 4,440 4,616
918
4,244 4,563 4,645 4,422 4,233 4,153 4,048 3,969 3,962 4,205 881 829
5,051
4,440 5,219
4,616 5,223 920 720 806
5,051 5,219 5,223 1,192 1,174 1,241 1,158
4,799 4,607 4,404 4,228 3,989 3,882 4,099 4,337
974 4,408
1,024
4,799 4,607 4,404 4,228 3,989 3,882
3 Mo Avg
756 858
4,812 4,099 4,941 4,782
4,337
868 966
4,408 4,812
3 Mo Avg
831 869
4,941 4,782
1,204
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 .