FL ARCHIVED October 2016 | Page 62

Market Action Report

Sarasota

City: Sarasota

Agent Name

Market Action Report

City: Sarasota

October 2016

Title
Phone
Agent
Name
Website
Other
Title

October 2016

Community Information | School District

Price Range: All | Properties: SFH - Con

Phone
Month
Website

Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con

LM

Trending versus*:
L3M PYM
LY

$385,000
0%
4%
Other
$729,909 Trending
0% versus*:6%
Month
LM -9%
L3M -7%
PYM 7%
LY
$240,000
$385,000
0% -6% -6%
4% 10%
$339,976
$729,9092,451
0% 7%
6% 24%
$240,000 463
-9% -3%
-7% 7% -6%
0%
$339,976 -6%
-6%
10%
-3%
71 -7% -3% 8%
2,451 7%
24%
$238 2% 3% 9%
463 -3%
-6%
$187 -4% -5% 7%
71 -7% -3% 8% 0%
5.3 10% 8% 32%
$238 2% 3% 9% 11%
94.0% -.2% .1% -.5%

Average List Price of all Current Listings

Market
Trends
Overview
OctoberProfile
Median&Sales
Price
Median
List
Price ofSales
all Current
October
Average
Price Listings

Average
List Price of
all Current
Total Properties
Currently
forListings
Sale (Inventory)
October
Sales
Price
OctoberMedian
Number
of Properties
Sold
October Average Sales Price

October Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking Price per Square Foot (based on New Listings)

October Number of Properties Sold

October Sold Price per Square Foot

October Average Days on Market (Solds)

October Month's Supply of Inventory

Asking Price per Square Foot (based on New Listings)

October Sale Price vs List Price Ratio

October Sold Price per Square Foot

Trending versus*:
Prior YTD Prior Year

YTD

Trending versus*:
YTD
Prior YTD 9%
Prior Year
$256,000

0%
-3%

$369,693

$256,000 5,243
9%
$369,693
8%
0%
69

11%
3%
32%
-.1%

$232
5,243
-6%
$196
69
-4%
4.7
$232
11%
93.9%

8%

7%
5%

-6% 7%
-4% 5%
11%
10%
-3%
22%
8%
-0%

-3%
8%
8%
18%
-0%

$187 -4% -5% 7% 3%
$196
10%
8%
5.3 10% 8% 32% 32%
4.7
22%
18%
of93.9%
Properties
94.0% -.2% .1% -.5% Number
-.1%
-0% Sold -0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date

October Month's Supply of Inventory
October Sale Price vs List Price Ratio

* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales

3 Mo Avg

700

October Property sales were 463, down 6.1% from 493 in
October of 2015 and 2.7% lower than the 476 sales last month.
600
Property
Sales
October 2016
sales were at their lowest level compared to
700
October
were 463,
downYTD
6.1% sales
from of
493
in are
500
OctoberProperty
of 2015sales
and 2014.
October
5,243
October
2015 behind
and 2.7%
lower
than
the 476 sales
lastof
month.
runningof6.4%
last
year's
year-to-date
sales
5,601. 600
400
October 2016 sales were at their lowest level compared to

Prices

13

The Median Sales Price in October was $240,000, up 7.1% from
400
Prices
$224,000 in October of 2015 and down 9.4% from $265,000
The
in October
was $240,000,
7.1%
from
lastMedian
month.Sales
ThePrice
Average
Sales Price
in Octoberup
was
$339,976,
400
$224,000
in October
of 2015
and down
9.4% and
fromdown
$265,000
up 9.6% from
$310,117
in October
of 2015
6.0% from 350
last
month. last
Themonth.
AverageOctober
Sales Price
in October
$361,704
2016
ASP waswas
at a$339,976,
mid range
up
9.6% from
of 2014.
2015 and down 6.0% from 350 300
compared
to$310,117
Octoberin
ofOctober
2015 and
300
250

200

463

476

514

490

607

615

591

627

457

403

497

422

493

522

537

644

658

627

648

629

439

404

494

390

564

467

515

494

585

601

566

422

580

463

476

514

607

615

591

627

457

403

497

422

493

522

537

644

658

627

648

629

439

404

494

390

564

467

515

494

580

585

490

3 Mo Avg

16

Median Sales Price and Average Sales Price

3 Mo Avg

150
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 A S O

16M J J A S O
N D 13J F 14
M A M J J A S O N D J F M15A M J J A S O N D J F M A
13
14
15
16

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

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

3,000
3,000

2,000

2,000

1,500

A comparatively lower MSI is more beneficial for sellers while a

1,000

Ahigher
comparatively
lower MSI
is more The
beneficial
for 2016
sellersMSI
while
MSI is better
for buyers.
October
of a5.3 1,000
500
higher
MSI
is better
for buyers.
October with
2016October
MSI of 5.3
months
was
at its highest
levelThe
compared
of 2015 500
months
was
at
its
highest
level
compared
with
October
of
2015
0
and 2014.
0
and 2014.
N D
13

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0

2,371
2,339
2,296
2,451

2,500

2,427
2,437
2,427
2,625
2,675
2,437
2,600
2,625
2,5542,675
2,423 2,600
2,289 2,554
2,219 2,423
2,115
2,289
2,018
2,219
2,049
2,115
2,098
2,018
2,145
2,049
2,365
2,098
2,410
2,145
2,369
2,2192,365
2,018 2,410
1,932 2,369
1,877 2,219
1,8442,018
1,868
1,932
1,970
1,877
2,119
1,844
2,146
1,868
2,359
1,970
2,510
2,119
2,555
2,146
2,518
2,359
2,392
2,510
2,405
2,555
2,371
2,518
2,339
2,392
2,296
2,405
2,451

2,500

1,500

62 | c

15

200

Inventory & MSI

2015 and 2014.

14

250

150

The Total Inventory
Inventory
& MSI of Properties available for sale as of
October
was 2,451,ofup
6.8% from
2,296 for
lastsale
month
The
Total Inventory
Properties
available
as ofand up
24.4% from
1,970up
in6.8%
October
last year.
October
October
was 2,451,
fromof2,296
last month
and2016
up
24.4%
from was
1,970atinitsOctober
last year.
October
2016
Inventory
highestoflevel
compared
with
October of
Inventory
at its highest level compared with October of
2015 andwas
2014.

601

466

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 A S O
13
14
15
16
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 A S O
Median Sales Price and Average Sales Price

0

$361,704 last month. October 2016 ASP was at a mid range
compared to October of 2015 and 2014.

399

0

100

499

100

566

200

200
466

300

3 Mo Avg

300

422

400

399

500

499

October of 2015 and 2014. October YTD sales of 5,243 are
running 6.4% behind last year's year-to-date sales of 5,601.

Number of Properties Sold

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0

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 A S O
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
13 14
15
16
14

15

.

Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United,
Realtors | Range:
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Coldwell
Realtors
All | Property
Types: SFH
- Con
o
l dResidential
w e l Real
l bEstate
a n/ k
e r Banker
h o United,
mes
c o| Price
m

16

Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
FloridaMLS,
Regional
MLS,
Board of REALTORS,
REALTORSofAssociation
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
FortFort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County,County,
Miami Association
of REALTORS,
My FloridaMy
Regional
Naples
AreaNaples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.
does
notnot
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
sellerortoseller
verifytoany
and any
all information
relevant torelevant
such consumer’s
real estate real
transaction.