FL ARCHIVED January 2017 | Page 64

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 395,500
-0%
5 %
Average List Price of all Current Listings
$ 773,452
3 %
10 %
January Median Sales Price
$ 280,000
-1%
6 %
15 %
8 %
$ 280,000
15 %
8 %
January Average Sales Price
$ 446,128
16 %
17 %
17 %
19 %
$ 446,128
17 %
19 %
Total Properties Currently for Sale ( Inventory )
2,688
5 %
14 %
January Number of Properties Sold
387 -20%
-4%
387
-4%
January Average Days on Market ( Solds )
78
7 %
7 %
24 %
11 %
78
24 %
11 %
Asking Price per Square Foot ( based on New Listings )
$ 251
-1%
2 %
7 %
7 %
$ 251
7 %
7 %
January Sold Price per Square Foot
$ 225
15 %
13 %
15 %
14 %
$ 225
14 %
14 %
January Month ' s Supply of Inventory
6.9
31 %
16 %
19 %
44 %
6.9
19 %
44 %
January Sale Price vs List Price Ratio
93.3 %
-. 3 % -. 4 % -. 4 %
-. 6 %
93.3 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
January Property sales were 387 , down 4.0 % from 403 in
January of 2016 and 19.9 % lower than the 483 sales last month .
600
Property
January 2017 Sales sales were at their lowest level compared to
700
January Property of 2016 sales and 2015 were . 387 January , down YTD 4.0 % sales from of 403 387 in are
500
January running of 4.0 2016 % behind and 19.9 last % lower year ' than s year-to-date the 483 sales sales last of month 403 . .
January 2017 sales were at their lowest level compared to
600
400
January of 2016 and 2015 . January YTD sales of 387 are
500
running 4.0 % behind last year ' s year-to-date sales of 403 .
300
400
200
300
200
100

St . Armands

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in January was $ 280,000 , up 15.2 %
Prices from $ 243,000 in January of 2016 and down 1.4 % from
The
$ 284,000 Median last Sales month Price . in The January Average was Sales $ 280,000 Price , up in January 15.2 % was
450 from
$ 446,128 $ 243,000 , up 17.0 in January % from of $ 2016 381,361 and in down January 1.4 % of from 2016 and up
F
M A M J
14
450
400
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$
16.1 284,000 % from last $ month 384,226 . The last Average month . Sales January Price 2017 in January ASP was at the
$ 446,128 , up 17.0 % from $ 381,361 in January of 2016 and up
400 highest level compared to January of 2016 and 2015 .
350
16.1 % from $ 384,226 last month . January 2017 ASP was at the
highest level compared to January of 2016 and 2015 .
350
300
300
250
422 566 601 585 580
422 566 601 585 580 494 515 467 564 390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 592 615 607 490 516 476 464 429 483 387
2,674 2,599 2,553 2,422 2,288 2,218 2,114 494 515 467 564 390
2,017 2,048 2,097 2,144
2,365
494
Number of Properties Sold
250 200
200 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
14 A 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
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 January Total Inventory was 2,688 of , up Properties 5.2 % from available 2,555 for last sale month as of and up 3,000
8.0
January 13.9 % from was 2,688 2,361 , up in January 5.2 % from of 2,555 last year last . month January and 2017 up 3,000 8.0
2,500 7.0
13.9 Inventory % from 2,361 was at in its January highest of level last year compared . January with 2017 January of 2,500
7.0 6.0
Inventory 2016 and was 2015 at . its highest level compared with January of 2,000
6.0 5.0
2016 and 2015 .
2,000 1,500
5.0 4.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
3.0
3.0
A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The January 2017 MSI of 6.9
2.0 higher MSI is better for buyers . The January 2017 MSI of 6.9 500 2.0 months was at its highest level compared with January of 2016 500 1.0 months was at its highest level compared with January of 2016 1.0 and 2015 . 0
0.0 and 2015 .
0
0.0 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 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 14
15 16
17 14
15 16
17
2,674 2,599 2,553 2,422 2,288 2,218 2,114 2,017 2,048
404 439 629 648
2,411 2,370 2,220 2,019 1,933 1,878
2,097 2,144
627 658 644
2,365 2,411 2,370 2,220 2,019 1,933 1,878
537
1,845 1,870 1,972
1,845 2,122
1,870 2,149
522 493 422
1,972 2,361
2,122 2,512 2,149
497
2,361 403 457 627
2,557 2,519 2,390 2,406 2,374
592 615 607 490
2,338 2,278 2,382 2,484 2,555
3 Mo Avg
516
2,512 2,557 2,519 2,390 2,406 2,374 2,338 2,278 2,688 476 464
2,382 2,484
3 Mo Avg
429 483
2,555 2,688
387
64 | 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 .