FL ARCHIVED November 2016 | Page 38

St. Armands

Market Action Report

City: Sarasota

Agent Name

November 2016

Community Information | School District

Price Range: $1,000,000 and Up | Properties: SFH - Con

$2,539,341
$1,650,000
Month
$2,161,137
$1,875,000
Total Properties
for Sale
(Inventory)
415
Average
List PriceCurrently
of all Current
Listings
$2,539,341
NovemberMedian
NumberSales
of Properties
Sold
15
November
Price
$1,650,000
NovemberAverage
AverageSales
DaysPrice
on Market (Solds)
86
November
$2,161,137
Asking
Price perCurrently
Square Foot
(based
on New Listings)
$551
Total
Properties
for Sale
(Inventory)
415
NovemberNumber
Sold Price
per Square Sold
Foot
$612
November
of Properties
15
NovemberAverage
Month'sDays
Supply
Inventory
27.7
November
on of
Market
(Solds)
86
November
vs Foot
List Price
Ratio
93.5%
Asking
PriceSale
per Price
Square
(based
on New Listings)
$551
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
November
Sold Price per Square Foot
$612
November Month's Supply of Inventory
27.7
PropertySale
Sales
November
Price vs List Price Ratio
93.5%
40
Average List Price of all Current Listings

November
Median
Sales Price
Market
Profile
& Trends
Overview
November
Price Listings
Median
ListAverage
Price of Sales
all Current

November
sales/ were
15, down
42.3%
from 26
* LM=Last
Month /Property
L3M=Last 3 Months
PYM=Same
Month Prior
Year / LY=Last
Yearin
(2015) / YTD = Year-to-date

3 Mo Avg

25

15

20

34

23

36

26

3 Mo Avg

17

23

26

15

26

30

23

38

37

21

29

14

14

18

18

28

17

19

20

27

27

26

26

13

27

14

Number of Properties Sold

30
40
25
35
20
30
15
25
10
20
5
15
0
10

15

20

16

25

15

20

34

23

36

26

23

26

15

26

30

23

38

37

21

29

14

14

18

18

28

17

19

Median Sales Price and Average Sales Price

20

27

27

26

26

27

13

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
13 14
15
16

5

Prices

-3%Trending versus*:
8%
Trending versus*:
3% L3M
-3% PYM
19% 6%
$1,631,000
7%YTD Prior
5%Year
LM
LY
YTD
Prior
26% 10% 19%
5%
2%
-1%
-1% 13% $1,953,222
9%
20%
-3%
8%
-25%
247 -10%
3% -3% -42%
19% 6% $1,631,000
7%
5%
-10%
124 -24%
-21%
26% -20%
10% -28%
19% -45%
13% $1,953,222
5%
2%
4% -4% -12%
$603
2%
0%
9%
20% -9%
24% 8% -42%
24% 23%
$553
12%
11%
-25%
247 -10%
46% -20%
21% -28%
107% -45%
78%
19.0
22%
22%
-10%
124 -24%
-21%
2.0%
3.4% 4.1%
91.9%
3%
2%
4% 2.3%
-4% -12%
-9%
$603
2%
0%
24% 8% 24% 23%
$553
12%
11%
Number
46% 21% 107%
78%of Properties
19.0 Sold
22%
22%
2.0% 2.3% 3.4% 4.1%
91.9%
3%
2%

35

14

November of 2015 and 25.0% lower than the 20 sales last
month. November 2016 sales were at their lowest level
compared to
November of 2015 and 2014. November YTD sales
Property
Sales
of 247 are Property
running 9.5%
year's
year-to-date
sales of
November
sales behind
were 15,last
down
42.3%
from 26 in
273.
November
of 2015 and 25.0% lower than the 20 sales last
month. November 2016 sales were at their lowest level
compared to November of 2015 and 2014. November YTD sales
of 247 are running 9.5% behind last year's year-to-date sales of
273.

Trending versus*:
Prior YTD Prior Year

YTD

15

Market Profile & Trends Overview
Median List Price of all Current Listings

20

Price Range: $1,000,000 and Up | Properties: SFH - Con

16

Title
Phone
Agent
WebsiteName
Title
Other
Phone
Trending versus*:
Month
WebsiteLM L3M PYM LY
$1,875,000
-1%
Other -1%

17

Market Action Report

City: Sarasota

November 2016

3 Mo Avg
0
The Median Sales Price in November was $1,650,000, up 19.3%
2,400D 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
from $1,382,500 in November of 2015 and up 3.1% from
13 14
15
16
$1,600,000 last month. The Average Sales Price in November
2,200
was
$2,161,137,
up
19.4%
from
$1,810,538
in
November
of
2015
Median
Sales
Price
and
Average
Sales
Price
Prices
3 Mo Avg
andMedian
up 26.2%
from
$1,713,000
last month.
Novemberup
2016
The
Sales
Price
in November
was $1,650,000,
19.3% 2,000
2,400
ASP
was
at
the
highest
level
compared
to
November
of
2015
and
from $1,382,500 in November of 2015 and up 3.1% from
1,800
2014.
$1,600,000
last month. The Average Sales Price in November
2,200
was $2,161,137, up 19.4% from $1,810,538 in November of 2015
1,600
and up 26.2% from $1,713,000 last month. November 2016
2,000
ASP was at the highest level compared to November of 2015 and 1,400
1,800
2014.
1,200
1,600 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
13 14
15
16
1,400

A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The November 2016 MSI of
27.7 months was at its highest level compared with November of
2015 and 2014.

450
400
350
300
250
450
200
400
150
350
100
300
50
250
0
200
150
100
50
0

Total Inventory & Month's Supply of Inventory (MSI)
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
35.0
13 14
15
16
30.0

326
333
348
355
358
354
339
328
323
299
315
331
330
367
389
385
359
336
320
309
292
308
314
347
356
378
403
420
424
410
402
386
376
351
380
415

1,200

Total Inventory & Month's Supply of Inventory (MSI)

326
333
348
355
358
354
339
328
323
299
315
331
330
367
389
385
359
336
320
309
292
308
314
347
356
378
403
420
424
410
402
386
376
351
380
415

Inventory & MSI

The Total Inventory of Properties available for sale as of
November was 415, up 9.2% from 380 last month and up 19.6%
from 347 in November of last year. November 2016 Inventory
was at its highest level compared with November of 2015 and
Inventory
& MSI
2014.
The Total Inventory of Properties available for sale as of
November was 415, up 9.2% from 380 last month and up 19.6%
from 347 in November of last year. November 2016 Inventory
A comparatively lower MSI is more beneficial for sellers while a
was at its highest level compared with November of 2015 and
higher MSI is better for buyers. The November 2016 MSI of
2014.
27.7 months was at its highest level compared with November of
2015 and 2014.

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
13 14
15
16

25.0
20.0
35.0
15.0
30.0
10.0
25.0
5.0
20.0
0.0
15.0

10.0
5.0

0.0
D J F M A M J J A S O N D J F M A M J J A S O N
13 14Association of REALTORS, My Florida Regional15
16 Association of the Palm Beaches, Space Coast Association of REAL
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
MLS, Naples Area Board of REALTORS, REALTORS
D J and
F Up
M | AProperty
M J Types:
J ASFH
S - Con
O N
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000

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.

38 | c

.

o l dResidential
w e lReal
l bEstate
a n/ Coldwell
k e rBanker
h oUnited,
m e Realtors
s co
m Range: $1,000,000 and Up | Property Types: SFH - Con
Copyright © Coldwell Banker
| Price

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 REA
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.