FL ARCHIVED July 2017 | Page 44

Market Action Report July 2017

SARASOTA

City : 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
$ 1,698,500
-3%
-13%
Average List Price of all Current Listings
$ 2,372,632
-3%
-6%
July Median Sales Price
$ 1,500,000
9 %
-2% -14%
-7%
$ 1,512,500
-5%
-7%
July Average Sales Price
$ 1,856,790
4 %
1 %
4 %
-4%
$ 1,843,531
-5%
-5%
Total Properties Currently for Sale ( Inventory )
408
-7%
8 %
July Number of Properties Sold
31
3 %
107 %
214
25 %
July Average Days on Market ( Solds )
179
12 %
8 %
-16%
42 %
151
14 %
20 %
Asking Price per Square Foot ( based on New Listings )
$ 576
-18% -9% -13%
-5%
$ 624
1 %
3 %
July Sold Price per Square Foot
$ 506
-5%
-5%
-4%
-8%
$ 532
-3%
-4%
July Month ' s Supply of Inventory
13.2 -10% -5% -48% -29%
15.5
-13%
-17%
July Sale Price vs List Price Ratio
85.9 % -5.2% -1.5% -7.5% -6.6%
89.3 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
40
July Property sales were 31 , up 106.7 % from 15 in July of 2016
and 3.3 % higher than the 30 sales last month . July 2017 sales
35 were at their highest level compared to July of 2016 and 2015 .
Property Sales
30
July YTD sales of 214 are running 25.1 % ahead of last year ' s yearto-date Property sales of sales 171 were . 31 , up 106.7 % from 15 in July of 2016
25
40
July and 3.3 % higher than the 30 sales last month . July 2017 sales
35
Number of Properties Sold
3 Mo Avg
were at their highest level compared to July of 2016 and 2015 .
July YTD sales of 214 are running 25.1 % ahead of last year ' s yearto-date sales of 171 .
20
30
15
25
10
20
5
15
0
10
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S O N D
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F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
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5
14
15
16
17
Prices
The Median Sales Price in July was $ 1,500,000 , down 14.3 % from $ 1,750,000 in July of 2016 and up 8.9 % from $ 1,377,000
0
Median Sales Price and Average Sales Price
3 Mo Avg
2,400A
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
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F M A M J
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15
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last month . The Average Sales Price in July was $ 1,856,790 , up
Prices
4.0 % from $ 1,785,467 in July of 2016 and up 3.7 % from
The
$ 1,789,794 Median Sales last month Price . in July July 2017 was ASP $ 1,500,000 was at a , mid down range 14.3 % from compared $ 1,750,000 to July in of July 2016 of and 2016 2015 and . up 8.9 % from $ 1,377,000
2,200
2,400
2,000
Median Sales Price and Average Sales Price
3 Mo Avg
last month . The Average Sales Price in July was $ 1,856,790 , up
4.0 % from $ 1,785,467 in July of 2016 and up 3.7 % from
2,200
1,800
$ 1,789,794 last month . July 2017 ASP was at a mid range
2,000
1,600
compared to July of 2016 and 2015 .
1,800
1,400
1,600 1,200 1,400
19
19 17 28 18 18 14 14 29 21 37 38 23 30 26 15 26 23 17 26 36 23 34 20 15 26 16 20 16 23 30 25 32 33 33 30 31
, Coast Association of REAL
Inventory & MSI
The Total Inventory of Properties available for sale as of July was 408 , down 6.6 % from 437 last month and up 7.7 % from 379
1,200
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
14
15
16
17
35.0
in July of last year . July 2017 Inventory was at its highest level
Inventory compared with & MSI July of 2016 and 2015 .
The Total Inventory of Properties available for sale as of July was 408 , down 6.6 % from 437 last month and up 7.7 % from 379 in July of last year . July 2017 Inventory was at its highest level compared
A comparatively with July lower of 2016 MSI and is more 2015 beneficial . for sellers while a higher MSI is better for buyers . The July 2017 MSI of 13.2 months was at its lowest level compared with July of 2016 and
2015 .
500
400
600
300
500
200
400
100
300
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
35.0
15.0
30.0
10.0
25.0
5.0
20.0
0.0
15.0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2017 MSI of 13.2 months was at its lowest level compared with July of 2016 and 2015 .
200
100
0
A
S O N D J
F M A M J
14
15
J A S O N D J
F M A M J
16
J A S O N D J
F M A M J
17
J
10.0
5.0
0.0
A
S O N D J
F M A M J
J A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
14
15
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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
J A S O N D J
F M A M J
17 REALTORS Association of the Palm Beaches ,
J Space
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 .
44 | coldwellbankerluxury . com
323 17 299
28 315
Agent Name
Title Phone Website Other
18 331
18 329
14 366
14 388
29 383
21 357
37 334
38
318 23
307
Number of Properties Sold
30
290 306
26 312
15 345
26 354
23 380
17
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
14
15
16
17
323 299 315 331 329 366 388 383 357 334 318 307 290 306 312 345 354 380 405 405
26 419 419
36 422 422
23 406 406
34 398 398
20 379 379
15 368 368
26 343 343
16 371 371
20 403 403
16
428 428
23
469 469
30
516 516
509 25
509 487 487
32 452 452
33 437 437
3 Mo Avg
33 408
408 30 31
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