FL ARCHIVED July 2016 | Page 49

Market Action Report

July 2016

Sarasota County

County: Sarasota

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for July was 191, up 34.5% from 142
days last month and up 16.5% from 164 days in July of last year.
The July 2016 DOM was at a mid level compared with July of
2015 and 2014.

3 Mo Avg

300
250
193

200

191
164

150
100
50
0
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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
650
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a 600
more normalized indicator on the direction of Property values.
The July 2016 Selling Price per Square Foot of $490 was down
550
6.2% from $522 last month and down 4.4% from 513 in July of
last year.
500

3 Mo Avg

568

513
490

450
400
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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The July 2016 Selling Price vs Original List
Price of 91.3% was up from 89.4% last month and up from 88.7%
in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

94%

91.7%

92%

91.3%

90%

88.7%

88%
86%
84%
82%
80%
78%
76%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

512

531

522

557

551

546

517

479

478

431

421

430

537

494

458

421

394

300

524

509

475

471

456

427

478

455

517

491

543

540

536

488

478

449

400

426

500

511

600

425

This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in July 2016 was 51, down 16.4% from 61 last month and down
8.9% from 56 in July of last year.

200
100
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 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.

c o l dw el l b a n k er h o m es.c o m

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