FL ARCHIVED December 2017 | Page 40

Market Action Report
December 2017
City: Sarasota
SARASOTA
Market Action Report
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$1,695,000
-10%
City: Sarasota Information | School District
Community
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
$2,353,520
Month
$1,375,000
$1,695,000
$1,803,515
Average
List Price Currently
of all Current
Listings
$2,353,520
Total Properties
for Sale
(Inventory)
381
December
Price
$1,375,000
December Median
Number Sales
of Properties
Sold
67
December
$1,803,515
December Average
Average Sales
Days Price
on Market (Solds)
90
Total
Properties
for Sale
(Inventory)
381
Asking
Price per Currently
Square Foot
(based
on New Listings)
$624
December
of Properties
67
December Number
Sold Price
per Square Sold
Foot
$707
December
Average
Days
on
Market
(Solds)
90
December Month's Supply of Inventory
5.7
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$624
December Sale Price vs List Price Ratio
95.9%
* LM=Last Month Sold
/ L3M=Last
3 Months
December
Price
per / PYM=Same
Square Month
Foot Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$707
December Month's Supply of Inventory
5.7
December
Sale
Price
vs
List
Price
Ratio
95.9%
Property Sales
Average List Price of all Current Listings
Market
Profile
& Sales
Trends
Overview
December
Median
Price
Median
List
Price
of
all
Current
December Average Sales Price Listings
2% Trending versus*:
-6%
LM
LY
3% L3M
-2% PYM
-2% -15%
0%
9%
2%
-2%
3%
-12%
9%
-16%
-2%
8%
-12%
25%
-16%
11%
8%
1.4%
25%
11%
1.4%
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
YTD
Prior
YTD Prior
$1,481,345
-7%
-8% Year
$1,810,573
-7%
-7%
3% -10%
1% -7%
-6%
-11%
-2% 191%
-2% -15% $1,481,345
-7%
433
59%
3% -41%
1% -29%
-7% $1,810,573
-7%
-18%
137
9%
-1% -11%
3% 3%
$625
5%
433
59%
17% 191%
46% 28%
$563
3%
-18%
137 -24%
9%
-23% -41%
-70% -29%
-69%
14.1
-1%
3%
3%
$625
5%
2.0% 9.5% 4.3%
91.0%
-1%
17% 46% 28%
$563
3%
-23% -70%
-69%
14.1
-24%
Number of Properties Sold
2.0% 9.5% 4.3%
91.0%
-1%
-8%
-7%
9%
3%
2%
9%
-24%
3%
-1%
2%
-24%
-1%
3 Mo Avg
34 26 16
3 Mo Avg
1,800
2,200
1,600
2,000
1,400
1,800
1,400
Inventory & MSI
Median Sales Price and Average Sales Price
2,000
2,400
1,200
1,600
The Total Inventory of Properties available for sale as of
December was 381, down 2.1% from 389 last month and down
11.2% from 429 in December of last year. December 2017
Inventory
& at
MSI
Inventory was
a mid level compared with December of 2016
and Total
2015. Inventory of Properties available for sale as of
The
December was 381, down 2.1% from 389 last month and down
11.2% from 429 in December of last year. December 2017
A comparatively
MSI compared
is more beneficial
for sellers
Inventory
was at a lower
mid level
with December
of while
2016 a
higher
MSI is better for buyers. The December 2017 MSI of 5.7
and
2015.
months was at its lowest level compared with December of 2016
and 2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The December 2017 MSI of 5.7
months was at its lowest level compared with December of 2016
and 2015.
Median Sales Price and Average Sales Price
0
3 Mo Avg
2,400 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
15
16
17
2,200
1,200
600
500
400
600
300
500
200
400
100
300
0
200
100
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
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
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
15
16
17
30.0
Total Inventory & Month's Supply of Inventory (MSI)
Prices
The Median Sales Price in December was $1,375,000, down
1.8% from $1,400,000 in December of 2016 and up 2.8% from
$1,337,500 last month. The Average Sales Price in December
Prices
was $1,803,515, up 1.1% from $1,783,109 in December of 2016
The
in December
was $1,375,000,
down ASP
and Median
up 9.0% Sales
from Price
$1,654,481
last month.
December 2017
1.8%
$1,400,000
in December
of 2016 of and
up and
2.8%
from
was from
at a mid
range compared
to December
2016
2015.
$1,337,500 last month. The Average Sales Price in December
was $1,803,515, up 1.1% from $1,783,109 in December of 2016
and up 9.0% from $1,654,481 last month. December 2017 ASP
was at a mid range compared to December of 2016 and 2015.
80
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 67, up 191.3% from 23 in
December of 2016 and 11.8% lower than the 76 sales last month. 70
3 Mo Avg
Number of Properties Sold
December 2017 sales were at their highest level compared to
60
Property
Sales
80
December of
2016 and 2015. December YTD sales of 433 are
December
Property
sales
were year's
67, up
191.3% from
23 in
50
running 59.2%
ahead
of last
year-to-date
sales
of 272.
December of 2016 and 11.8% lower than the 76 sales last month. 70
40
December 2017 sales were at their highest level compared to
60
December of 2016 and 2015. December YTD sales of 433 are
30
50
running 59.2% ahead of last year's year-to-date sales of 272.
20
40
10
30
0
20
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
16
17
10 15
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
15
16
17
0
25.0
20.0
30.0
15.0
25.0
10.0
20.0
5.0
15.0
0.0
10.0
5.0
0.0
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
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 Association of REALT
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.
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
40 | coldwellbankerluxury.com
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 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.