FL ARCHIVED February 2017 | Page 54

Market Action Report February 2017
Community Information | School District
Market Action Report February 2017

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
$ 350,000
1 %
5 %
Average List Price of all Current Listings
$ 638,066
1 %
5 %
February Median Sales Price
$ 235,999
-2%
-2%
5 %
2 %
$ 239,900
7 %
3 %
February Average Sales Price
$ 335,890
-7%
0 %
3 %
4 %
$ 347,984
7 %
8 %
Total Properties Currently for Sale ( Inventory )
4,976
1 %
9 %
February Number of Properties Sold
798
11 %
1 %
1,517
-1%
February Average Days on Market ( Solds )
78
7 %
10 %
16 %
16 %
76
17 %
13 %
Asking Price per Square Foot ( based on New Listings )
$ 221
2 %
2 %
10 %
8 %
$ 218
4 %
6 %
February Sold Price per Square Foot
$ 184
-5%
2 %
3 %
4 %
$ 188
6 %
7 %
February Month ' s Supply of Inventory
6.2
-9%
4 %
8 %
37 %
6.6
14 %
44 %
February Sale Price vs List Price Ratio
93.7 %
-. 4 % -. 4 % -. 4 %
-. 6 %
93.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400
February Property sales were 798 , up 1.0 % from 790 in
February of 2016 and 11.0 % higher than the 719 sales last
1,200
Property month . February Sales 2017 sales were at a mid level compared to
1,400
February Property of 2016 sales and 2015 were . 798 February , up 1.0 % YTD from sales 790 of in 1,517 are
1,000
February running of 0.8 2016 % behind and 11.0 last % higher year ' s year-to-date than the 719 sales last of 1,529 . month . February 2017 sales were at a mid level compared to
1,200
800
February of 2016 and 2015 . February YTD sales of 1,517 are
1,000
running 0.8 % behind last year ' s year-to-date sales of 1,529 .
600
800
400
600
400
200

Sarasota Agent County

Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
200
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
14
15
16
17
Prices
The Median Sales Price in February was $ 235,999 , up 4.9 %
Prices from $ 225,000 in February of 2016 and down 2.5 % from
The
$ 242,000 Median last Sales month Price . in The February Average was Sales $ 235,999 Price , in up February 4.9 % was
400 from
$ 335,890 $ 225,000 , up in 2.8 February % from $ of 326,603 2016 and in down February 2.5 % of from 2016 and
M
A M J
14
400
350
J
A S O
NMedian D
J
F M Sales A M J Price
J A S and O N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ down 242,000 7.1 % last from month $ 361,407 . The Average last month Sales . Price February in February 2017 ASP was was
$ 335,890 , up 2.8 % from $ 326,603 in of 2016 and
350 at the highest level compared to February of 2016 and 2015 .
300
down 7.1 % from $ 361,407 last month . February 2017 ASP was
at the highest level compared to February of 2016 and 2015 .
300
250
250
200
1,048 1,190 1,117 1,088
1,048 1,190 1,117 1,088 941 983 957 1,012 717 964 749 844 1,224 1,226 1,211 1,191 1,220 1,070 949 896 779 946 739 790 1,140 1,094 1,137 1,137 939 951 918 880 828 919 719 798
200 150
150 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
14 M J J A S O N D J F M
15 A M J J A S O N D J F M
16 A M J J A S O N D J F
17
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 4,976 of , Properties up 0.7 % from available 4,943 for last sale month as of and up 6,000 February 9.4 % from was 4,549 4,976 in , up February 0.7 % from of 4,943 last year last . month February and 2017 up 6,000
8.0
5,000 9.4 Inventory % from 4,549 was at in its February highest of level last year compared . February with 2017 February of 5,000
7.0
Inventory 2016 and was 2015 at . its highest level compared with February of 4,000 6.0
2016 and 2015 .
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 February 2017 MSI of 6.2 higher MSI is better for buyers . The February 2017 MSI of 6.2 1,000
2.0 months was at its highest level compared with February of 2016 1,000 months was at its highest level compared with February of 2016
1.0 and 2015 .
0 and 2015 .
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 14
15 16
17 14
15 16
17
5,020 4,898 4,652 4,333 4,160 3,952
941
3,864 983
5,020 4,898 4,652 4,333 4,160 3,952
957 3,864
1,012 717
3,952 4,011
964 749
3,952 4,011 4,070 4,355 4,356 4,283 4,013 3,678 3,380 3,245 3,172
Number of Properties Sold
844 1,224 1,226
4,070 4,355 4,356 4,283 4,013
3,678
1,211 1,191 1,220 1,070
3,238 3,408 3,708 3,790 949 896
4,232 4,549
3,380 3,245 3,172 3,238 3,408 3,708 779 946 739
4,232 4,549
3,790 4,632 4,411 4,221
790 1,140 1,094 1,137 1,137 939
4,140 4,031 3,946 3,937 4,174 4,399 4,560
3 Mo Avg
951
4,632 4,411 4,221 4,140 4,031 3,946 3,937
918
4,943 4,976
880
4,174 4,399
828 4,560
3 Mo Avg
919 719
4,943 4,976
798
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 .