FL ARCHIVED November 2016 | Page 37
Market Action Report
City: Sarasota
November 2016
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 November was 86, down 10.4%
from 96 days last month and down 28.3% from 120 days in
November of last year. The November 2016 DOM was at its
lowest level compared with November of 2015 and 2014.
3 Mo Avg
300
250
200
158
150
120
86
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 November 2016 Selling Price per Square Foot of $612 was up 550
23.8% from $495 last month and up 24.3% from 493 in
November of last year.
500
3 Mo Avg
612
493
479
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 November 2016 Selling Price vs
Original List Price of 93.5% was up from 91.7% last month and
up from 90.4% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
93.5%
90.4%
88.8%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
415
380
376
351
402
386
424
420
410
378
356
347
314
308
292
320
309
359
336
389
385
367
331
330
315
323
299
339
358
354
328
250
348
300
333
350
355
400
403
450
326
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 November 2016 was 72, down 1.4% from 73 last month and
equal to 72 in November of last year.
200
150
100
50
0
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
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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.
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