FL ARCHIVED March 2017 | Page 64

Market Action Report March 2017
Community Information | School District
Market Action Report March 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
$ 399,995
0 %
3 %
Average List Price of all Current Listings
$ 769,098
0 %
8 %
March Median Sales Price
$ 269,500
3 %
-2%
8 %
4 %
$ 272,000
9 %
5 %
March Average Sales Price
$ 381,569
3 %
-3%
1 %
2 %
$ 395,259
4 %
5 %
Total Properties Currently for Sale ( Inventory )
2,841
-2%
11 %
March Number of Properties Sold
638
42 %
2 %
1,477
-1%
March Average Days on Market ( Solds )
77
-6%
0 %
33 %
10 %
79
27 %
13 %
Asking Price per Square Foot ( based on New Listings )
$ 242
-3%
-2%
5 %
4 %
$ 246
6 %
6 %
March Sold Price per Square Foot
$ 205
2 %
0 %
9 %
4 %
$ 209
8 %
6 %
March Month ' s Supply of Inventory
4.5 -31% -26%
9 %
-8%
6.0
17 %
24 %
March Sale Price vs List Price Ratio
93.6 %
. 5 %
. 2 %
-. 7 %
-. 3 %
93.4 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
March Property sales were 638 , up 1.8 % from 627 in March of
2016 and 42.4 % higher than the 448 sales last month . March
600
Property
2017 sales Sales were at their highest level compared to March of 2016
700
March and 2015 Property . March sales YTD were sales 638 , of up 1,477 1.8 % are from running 627 0.7 March % behind of
500
2016 last and year 42.4 ' s year-to-date % higher than sales the of 448 1,487 sales . last month . March
2017 sales were at their highest level compared to March of 2016
600
400
and 2015 . March YTD sales of 1,477 are running 0.7 % behind
500
last year ' s year-to-date sales of 1,487 .
300
400
200
300
200
100

St . Armands

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
100
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
14
15
16
17
Prices
The Median Sales Price in March was $ 269,500 , up 7.8 % from
Prices
$ 250,000 in March of 2016 and up 2.6 % from $ 262,750 last
The month Median . The Sales Average Price Sales in March Price was in $ March 269,500 was , up $ 381,569 7.8 % from , up
450
$
1.0 250,000 % from in $ March 377,829 of 2016 in March and up of 2016 2.6 % and from up $ 262,750 2.9 % from last
A
M J
14
450
400
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 370,809 . The last Average month Sales . March Price in 2017 March ASP was $ at 381,569 the highest , up level
1.0 % from $ 377,829 in March of 2016 and up 2.9 % from
400 compared to March of 2016 and 2015 .
350
$ 370,809 last month . March 2017 ASP was at the highest level
compared to March of 2016 and 2015 .
350
300
300
250
601 585 580 494 515
601 585 580 494 515 467 564 390 494 404 439 629 648 627 658 644 537 522 493 422 497 403 457 627 593 615 607 490 517 476 464 430 484 391 448 638
2,554 2,423 2,289 2,219 2,115 2,018 2,049 467 564 390 494 404 439
2,098
2,145 2,366 2,412 2,371 2,222 2,021 1,935 1,880 1,847
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
14 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 M
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 March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 2,841 Inventory , down 2.3 of % Properties from 2,908 available last month for sale and as of up March 10.6 % 3,500
8.0 was from 2,841 2,568 , down in March 2.3 % from of last 2,908 year last . March month 2017 and up Inventory 10.6 % was at 3,5003,000
8.0 7.0 from its highest 2,568 in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at 3,000 7.0
2,500 6.0 its highest level compared with March of 2016 and 2015 . 2,500
6.0 5.0 2,000
5.0 2,000
4.0 1,500
4.0 1,500
3.0 A comparatively lower MSI is more beneficial for sellers while a 1,000
3.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2017 sellers MSI while of 4.5 a
2.0 1,000 higher MSI is better for buyers . The March 2017 MSI of 4.5 2.0 months was at its highest level compared with March of 2016 500
1.0 months was at its highest level compared with March of 2016 500
1.0 and 2015 .
0 0.0 and 2015 . 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 14
15 16
17 14
15 16
17
2,554 2,423 2,289 2,219 2,115 2,018 2,049 2,098 2,145
629 648 627 658 644 537 522
1,872 1,976 2,126 2,154
493
2,366 2,412 2,371 2,222 2,021 1,935 1,880 1,847 1,872 1,976
2,370 2,521
422
2,126
2,154 497 403 457
2,370 2,521 2,568
627
2,568 2,533 2,407 2,423 2,393 593 615 607 490
2,358 2,301 2,408 2,518 2,595
517
2,533 2,407 2,423 2,393 2,358 2,301
476
3 Mo Avg
464
2,786 2,408 2,908 2,841
2,518 430 484
2,595 2,786
3 Mo Avg
391 448
2,908 2,841
638
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 .