FL ARCHIVED March 2017 | Page 66

Market Action Report March 2017
Community Information | School District
Market Action Report March 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
$ 919,000
2 %
23 %
Average List Price of all Current Listings
$ 1,638,764
1 %
31 %
March Median Sales Price
$ 535,000
-2%
-5%
-4%
-7%
$ 552,500
-7%
-4%
March Average Sales Price
$ 601,548
-13% -12% -32% -19%
$ 681,969
-20%
-8%
Total Properties Currently for Sale ( Inventory )
381
-5%
4 %
March Number of Properties Sold
48
33 %
50 %
117
22 %
March Average Days on Market ( Solds )
108
-9%
1 %
69 %
-9%
108
-4%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 484
-7% -10%
6 %
-3%
$ 550
13 %
10 %
March Sold Price per Square Foot
$ 420
10 %
1 %
-0%
-3%
$ 417
-4%
-4%
March Month ' s Supply of Inventory
7.9 -29% -23% -31% -21%
10.3
-7%
3 %
March Sale Price vs List Price Ratio
91.4 %
. 8 %
-. 5 % -2.6% -. 9 %
91.6 %
-1%
-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
March Property sales were 48 , up 50.0 % from 32 in March of
2016 and 33.3 % higher than the 36 sales last month . March
60
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to March of 2016
70
March and 2015 Property . March sales YTD were sales 48 , up of 117 50.0 are % from running 32 in 21.9 March % ahead of of
50
2016 last and year 33.3 ' s year-to-date % higher than sales the of 3696 sales . last month . March
2017 sales were at their highest level compared to March of 2016
and 2015 . March YTD sales of 117 are running 21.9 % ahead of last year ' s year-to-date sales of 96 .
60
50
40
30
40
20
30
20
10
10
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
A
M J
Prices
14
The Median Sales Price in March was $ 535,000 , down 4.0 %
1,200
Prices from $ 557,500 in March of 2016 and down 1.8 % from
The
$ 545,000 Median last Sales month Price . in The March Average was $ Sales 535,000 Price , down in March 4.0 % was
1,100
1,200 from
$ 601,548 $ 557,500 , down in March 32.4 % of from 2016 $ 890,122 and down in 1.8 March % from of 2016 and
1,000
$ down 545,000 12.7 last % from month $ . 688,883 The Average last month Sales Price . March in March 2017 was ASP was
1,100 at
$ the 601,548 lowest , down level 32.4 compared % from $ to 890,122 March in of March 2016 and of 2016 2015 and .
900
1,000
J
A S O N D
JMedian
F M A MSales J
J APrice S O Nand D
J Average
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
down 12.7 % from $ 688,883 last month . March 2017 ASP was at the lowest level compared to March of 2016 and 2015 .
900
800
800
700
700
600
600
500
500
400
400
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
The was Total 381 , Inventory down 4.8 of % Properties from 400 last available month for and sale up as 4.1 of % March from 366 was in March 381 , down of last 4.8 year % from . March 400 last 2017 month Inventory and up was 4.1 % at from a mid 366 level
450 in compared March of last with year March . March of 2016 2017 and Inventory 2015 . was at a mid level
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
20.0
15.0
compared with March 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 March 2017 MSI of 7.9 higher MSI is better for buyers . The March 2017 MSI of 7.9
100 months was at its lowest level compared with March of 2016 and months was at its lowest level compared with March of 2016 and
50
2015 .
2015 .
0
250
200
10.0
150
100
5.0
50
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
10.0
5.0
0.0
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 48
399 390
60 399 340
47 390
320 46 52 35 35 42 26 33
315 340
313 320
308 315
309 313
328 308 309
370 399
328
36 370
408 377
23 399 337
44 408
44 63 57 48 43 38 30 27 41 37
326 377
288
337 273 269
326
275 288
296 273
282 269
275 323
296 353
282 366
323 371
357 353
350 366
323 371 315 357
313
350 346 323 356 315 378 313 390 346 400 356 381
378
27 32 50 57 57 36 47 33 25 21
390 34
400 33
381 36 48
66 | 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 .