FL ARCHIVED February 2017 | Page 66

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

Zip Code : 34242 - 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
$ 899,000
7 %
20 %
Average List Price of all Current Listings
$ 1,538,941
-3%
24 %
February Median Sales Price
$ 545,000
-17% -5%
-8%
-5%
$ 595,000
-12%
4 %
February Average Sales Price
$ 688,883
-13% -3% -15%
-7%
$ 737,914
-11%
-1%
Total Properties Currently for Sale ( Inventory )
381
-2%
8 %
February Number of Properties Sold
36
9 %
33 %
69
8 %
February Average Days on Market ( Solds )
119
25 %
7 %
-18%
0 %
107
-22%
-10%
Asking Price per Square Foot ( based on New Listings )
$ 523
-18% -3%
11 %
4 %
$ 581
16 %
16 %
February Sold Price per Square Foot
$ 382
-16% -8%
-1%
-12%
$ 416
-5%
-4%
February Month ' s Supply of Inventory
10.6 -10% -5% -19%
6 %
11.2
3 %
12 %
February Sale Price vs List Price Ratio
90.7 % -2.3% -1.4% . 2 %
-1.6%
91.7 %
0 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Siesta Agent Name Key Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
70
February Property sales were 36 , up 33.3 % from 27 in February of 2016 and 9.1 % higher than the 33 sales last month . February
60
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to February of
70
February
2016 and Property 2015 . February sales were YTD 36 , up sales 33.3 of % 69 from are 27 running February 7.8 %
50
of ahead 2016 and of last 9.1 year % higher ' s year-to-date than the 33 sales sales of last 64 month . . February
2017 sales were at their highest level compared to February of
2016 and 2015 . February YTD sales of 69 are running 7.8 % ahead of last year ' s year-to-date sales of 64 .
60
50
40
30
40
20
30
20
10
10
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
M
A M J
Prices
14
The Median Sales Price in February was $ 545,000 , down 8.2 %
1,200
Prices from $ 594,000 in February of 2016 and down 17.3 % from
The
$ 659,000 Median last Sales month Price . in The February Average was Sales $ 545,000 Price , in down February 8.2 % was
1,100
1,200 from
$ 688,883 $ 594,000 , down in February 14.6 % from of 2016 $ 806,560 and down in February 17.3 % from of 2016 and
1,000
$ down 659,000 13.0 last % from month $ . 791,402 The Average last month Sales Price . February in February 2017 was ASP was
1,100
$ at 688,883 the lowest , down level 14.6 compared % from $ 806,560 to February in February of 2016 of and 2016 2015 and .
900
1,000
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 13.0 % from $ 791,402 last month . February 2017 ASP was at the lowest level compared to February of 2016 and 2015 .
900
800
800
700
700
600
600
500
500
400
400
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
The
February Total Inventory was 381 , of down Properties 2.1 % from available 389 for last sale month as of and up 7.9 %
February from 353 was in 381 February , down of 2.1 last % from year 389 . February last month 2017 and Inventory up 7.9 % was
450 from at a 353 mid in level February compared of last with year February . of 2017 2016 Inventory and 2015 was .
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
20.0
15.0
at a mid level compared with February of 2016 and 2015 .
350
300
15.0
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The February 2017 MSI of 10.6 higher MSI is better for buyers . The February 2017 MSI of 10.6
100 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016
50 and 2015 . and 2015 .
0
250
200
10.0
150
100
5.0
50
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
10.0
5.0
0.0
48 60 47 46 52 35 35 42 26 33 36 23 44 44 63 57 48 43 38 30 27 41 37 27 32 50 57 57 36 47 33 25 21 34 33 36
390 399
48 390 390
60 399 340
47 390
320 46 52 35 35 42 26
315
340
313
320
308
315
309
313
328
308
370
309
33
399 408
328 36 370 377
23 399 337
44
408
44 63 57 48 43 38 30 27 41
326
377 288 273
337
269 326
275 288
296 273
282 269
275 323
296 353
282 366
323 371
357 353
350 366 323 371
315 357
313
350 346 323 356 315 378 313 389 346 381 356
37 27 32 50 57 57 36 47 33 25
378 21
389 34
381 33 36
66 | c o l d w e l l b a n k e r h o m e s . c o m
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