FL ARCHIVED February 2017 | Page 62

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

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
$ 399,999
3 %
4 %
Average List Price of all Current Listings
$ 765,248
1 %
8 %
February Median Sales Price
$ 262,500
-7%
-4%
4 %
1 %
$ 274,625
10 %
6 %
February Average Sales Price
$ 367,907
-17% -5%
-4%
-2%
$ 404,337
6 %
8 %
Total Properties Currently for Sale ( Inventory )
2,814
2 %
12 %
February Number of Properties Sold
443
13 %
-3%
834
-3%
February Average Days on Market ( Solds )
82
6 %
8 %
22 %
17 %
80
23 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 253
2 %
2 %
8 %
8 %
$ 251
7 %
7 %
February Sold Price per Square Foot
$ 200
-11% -1%
0 %
1 %
$ 212
7 %
7 %
February Month ' s Supply of Inventory
6.4 -10%
2 %
15 %
31 %
6.7
18 %
38 %
February Sale Price vs List Price Ratio
93.1 %
-. 3 % -. 4 % -. 7 %
-. 8 %
93.2 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 443 , down 3.1 % from 457 in
February of 2016 and 13.3 % higher than the 391 sales last Property month . February Sales 2017 sales were at a mid level compared to
February Property of 2016 sales and 2015 were . 443 February , down 3.1 YTD % from sales 457 of 834 in are February running of 3.0 2016 % behind and 13.3 last % higher year ' s year-to-date than the 391 sales last of 860 .
month . February 2017 sales were at a mid level compared to February of 2016 and 2015 . February YTD sales of 834 are running 3.0 % behind last year ' s year-to-date sales of 860 .

Sarasota

Agent Name
Title Phone Website Other

Community Information | School District

700 600
700 500
600 400
500 300
400 200
300 100
200
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
14
15
16
17
Prices
The Median Sales Price in February was $ 262,500 , up 3.8 %
Prices from $ 253,000 in February of 2016 and down 6.9 % from
The
$ 282,000 Median last Sales month Price . in The February Average was Sales $ 262,500 Price , in up February 3.8 % was
450 from
$ 367,907 $ 253,000 , down in February 3.6 % from of $ 2016 381,828 and down in February 6.9 % from of 2016 and
M
A M J
14
450
400
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
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ down 282,000 17.4 last % from month $ . 445,611 The Average last month Sales . Price February in February 2017 ASP was was
$ 367,907 , down 3.6 % from $ 381,828 in February of 2016 and
400 at a mid range compared to February of 2016 and 2015 .
350
down 17.4 % from $ 445,611 last month . February 2017 ASP was
at a mid range compared to February of 2016 and 2015 .
350
300
300
250
566 601 585 580 494
566 601 585 580 494 515 467 564 390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 593 615 607 490 517 476 464 429 483 391 443
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
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 2,814 of , Properties up 2.0 % from available 2,759 for last sale month as of and up 3,000 February 11.8 % from was 2,517 2,814 , in up February 2.0 % from of 2,759 last year last . month February and 2017 up 3,000
8.0
2,500 11.8 Inventory % from 2,517 was at in its February highest of level last compared year . February with 2017 February of 2,500
7.0
Inventory 2016 and was 2015 at . its highest level compared with February of 2,000 6.0
2016 and 2015 .
2,000 1,500
5.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
3.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The February 2017 MSI of 6.4 higher MSI is better for buyers . The February 2017 MSI of 6.4 500
2.0 months was at its highest level compared with February of 2016500 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
2,599 2,553 2,422 2,288 2,218 2,114 2,017
515
2,599 2,553 2,422 2,288 2,218 2,114 467 564 390
2,017 2,048 2,097
2,048 2,097 2,144
2,365
494 404
Number of Properties Sold
439 629 648
2,411 2,370 2,221 2,019 1,933 1,878
627
2,144 2,365 2,411 2,370 2,221
2,019
658 644 537 522
1,845 1,870 1,972 2,122 2,150
493
2,366 2,517
1,933 1,878 1,845 1,870 1,972 2,122 422 497 403
2,366
2,517 457 627
2,150 2,564 2,529 2,402 2,418 2,387
593 615 607 490
2,350 2,293 2,400 2,506 2,582
517
2,564 2,529 2,402 2,418 2,387 2,350 2,293
3 Mo Avg
476
2,759 2,814
464
2,400 2,506
429 2,582
3 Mo Avg
483 391
2,759 2,814
443
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 .