FL ARCHIVED April 2017 | Page 36

Market Action Report April 2017

SARASOTA COUNTY

County : Sarasota

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,800,000
-1%
-5%
Average List Price of all Current Listings
$ 2,483,082
1 %
1 %
April Median Sales Price
$ 1,460,000
-0%
-3%
4 %
-9%
$ 1,500,000
0 %
-6%
April Average Sales Price
$ 1,952,138
1 %
2 %
23 %
2 %
$ 1,921,790
1 %
0 %
Total Properties Currently for Sale ( Inventory )
615
-5%
12 %
April Number of Properties Sold
39
-3%
34 %
143
20 %
April Average Days on Market ( Solds )
162
13 %
11 %
-6%
22 %
146
18 %
10 %
Asking Price per Square Foot ( based on New Listings )
$ 608
1 %
-1%
0 %
0 %
$ 615
4 %
1 %
April Sold Price per Square Foot
$ 546
5 %
2 %
14 %
0 %
$ 538
-7%
-2%
April Month ' s Supply of Inventory
15.8
-3%
-9% -17% -20%
17.8
-7%
-10%
April Sale Price vs List Price Ratio
87.1 % -1.4% -3.6% -4.8% -4.7%
90.4 %
-2%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales April Property sales were 39 , up 34.5 % from 29 in April of 2016 and 2.5 % lower than the 40 sales last month . April 2017 sales were at their highest level compared to April of 2016 and 2015 . Property April YTD sales Sales of 143 are running 20.2 % ahead of last year ' s April year-to-date Property sales sales of were 119 . 39 , up 34.5 % from 29 in April of 2016 and 2.5 % lower than the 40 sales last month . April 2017 sales were at their highest level compared to April of 2016 and 2015 . April YTD sales of 143 are running 20.2 % ahead of last year ' s year-to-date sales of 119 .
60 40
50 30
40 20
30 10
200
Prices The Median Sales Price in April was $ 1,460,000 , up 3.6 % from 0
2,400 $ 1,408,600 in April of 2016 and down 0.2 % from $ 1,462,500 M last month . The Average Sales Price in April was $ 1,952,138 , up 14
2,200
Prices 22.9 % from $ 1,588,995 in April of 2016 and up 1.5 % from The $ 1,923,513
Median last Sales month Price
. in April
April 2017 was ASP $ 1,460,000 was at a
, mid up 3.6 range % from 2,000
2,400
$ compared 1,408,600 to in April April of of 2016 2016 and and 2015 down
.
0.2 % from $ 1,462,500 last month . The Average Sales Price in April was $ 1,952,138 , up 1,800 2,200
22.9 % from $ 1,588,995 in April of 2016 and up 1.5 % from
1,600 $ 1,923,513 last month . April 2017 ASP was at a mid range 2,000 compared to April of 2016 and 2015 . 1,400 1,800
1,200 1,600
60
50
10
35
Number of Properties Sold
35 35 23 27 26 33 20 21 16 17 31 30 50 42 29 37 32 20 27 29 21 30 39 29 44 22 22 28 21 23 21 28 31 33 40 39
517 35
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
15
16
17
490 23 478
Agent Name
Title Phone Website Other
27 455
26 427
33 456
20 475
21 471
16
Median Sales Price and Average Sales Price
Median Sales Price and Average Sales Price
508 17 537
31
523 30
493
Number of Properties Sold
50
457 429
42 420
29 394
37 421
32
430 20 27 29 21 30 39 29 44 22 22 28 21 23
478
478 520 548 555 548 523 512 490 468 442
480 522 548 21 28 31
600 653 650 615
3 Mo Avg
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
15
16
17
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
1,400
14
15
16
17
Inventory & MSI
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
The Total Inventory of Properties available for sale as of April was 615 , down 5.4 % from 650 last month and up 12.2 % from
700
M
14
J
J
A S O N D
J
F M A M J
15
J
A S O N D
J
F M A M J
16
J
A S O N D
J
F M A
35.0
17
548 in April of last year . April 2017 Inventory was at its highest
600
30.0
level compared with April of 2016 and 2015 .
Inventory & MSI The Total Inventory of Properties available for sale as of April was 615 , down 5.4 % from 650 last month and up 12.2 % from
548 in April of last year . April 2017 Inventory was at its highest
A comparatively lower MSI is more beneficial for sellers while a level compared with April of 2016 and 2015 . higher MSI is better for buyers . The April 2017 MSI of 15.8 months was at its lowest level compared with April of 2016 and
500
400
700
300
600
200
500
100
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
35.0
15.0
30.0
10.0
25.0
5.0
20.0
2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2017 MSI of 15.8 months was at its lowest level compared with April of 2016 and 2015 .
0
300
200
100
0
M
J
14
J A S O N D J
F M A M J
15
J A S O N D J
F M A M J
16
J A S O N D J
F M A
17
0.0
15.0
10.0
5.0
0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000
M
J and J Up A | SProperty O NTypes D : JSFH
F - MConA M J
J A S O N D J
F M A M J
J A S O N D J
F M A
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami
14 Association of REALTORS ,
15 My Florida Regional MLS , Naples Area Board of
16 REALTORS , REALTORS Association of the Palm
17 Beaches , Space Coast Association of REAL
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 .
36 | coldwellbankerluxury . com
517 490 478 455 427 456 475 471 508 537 523 493 457 429 420 394 421 430 478 478 520 548 555 548 523 512 490 468 442
480 522 548
600 653 650
3 Mo Avg
33 40 39
3 Mo Avg
3 Mo Avg
615