FL ARCHIVED October 2016 | Page 30

Sarasota County

Market Action Report

County: Sarasota

Agent Name

Market Action Report

County: Sarasota

October 2016

Title
Phone
Agent
WebsiteName
Title
Other
Phone
Trending versus*:
Month
WebsiteLM L3M PYM LY
$1,950,000
3%
Other -2%

October 2016

Community Information | School District

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

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

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

$2,697,066
$1,600,000
Month
$1,784,045
$1,950,000
Total Properties
for Sale
(Inventory)
491
Average
List PriceCurrently
of all Current
Listings
$2,697,066
OctoberMedian
NumberSales
of Properties
Sold
22
October
Price
$1,600,000
OctoberAverage
AverageSales
DaysPrice
on Market (Solds)
138
October
$1,784,045
Asking
Price perCurrently
Square Foot
(based
on New Listings)
$561
Total
Properties
for Sale
(Inventory)
491
OctoberNumber
Sold Price
per Square Sold
Foot
$486
October
of Properties
22
OctoberAverage
Month'sDays
Supply
Inventory
22.3
October
on of
Market
(Solds)
138
October
Saleper
Price
vs List
Price
Ratioon New Listings)
90.0%
Asking
Price
Square
Foot
(based
$561
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
October
Sold Price per Square Foot
$486
October Month's Supply of Inventory
22.3
Property
October
SaleSales
Price vs List Price Ratio
90.0%
60
Average List Price of all Current Listings

October Profile
Median Sales
Price Overview
Market
& Trends
OctoberList
Average
Price Listings
Median
Price Sales
of all Current

October
Property
were
22, upMonth
10.0%
20 in Year
October
* LM=Last
Month
/ L3M=Lastsales
3 Months
/ PYM=Same
Priorfrom
Year / LY=Last
(2015) / of
YTD = Year-to-date
2015 and 4.8% higher than the 21 sales last month. October
2016 sales were at a mid level compared to October of 2015 and
2014. October
YTD sales of 277 are running 8.9% behind last
Property
Sales
year's year-to-date
sales
of 304.
October
Property sales
were
22, up 10.0% from 20 in October of
2015 and 4.8% higher than the 21 sales last month. October
2016 sales were at a mid level compared to October of 2015 and
2014. October YTD sales of 277 are running 8.9% behind last
year's year-to-date sales of 304.

Trending versus*:
Prior YTD Prior Year

YTD

-1%Trending versus*:
13%
Trending versus*:
0% L3M
-3% PYM
-4% 2%
$1,600,000
1%YTD Prior
2%Year
LM
LY
YTD
Prior
-11%
0%
-1%
-2% -7% -4%
3% -7% $1,912,227
9%
14%
-1%
13%
5% -3% 10%
277
-9%
0%
-4% 2% $1,600,000
1%
2%
79% -7%
-3% -4%
-5% -16%
137 -19%
-17%
-11%
-7% $1,912,227
0%
-1%
-12%
$614
1%
0%
9% -7% -14%
14% -9%
-10%
-3% -5%
$546
7%
7%
5% -10% 10%
277
-9%
4% -3%
9% -5%
4% -16%
27%
19.5
11%
11%
79%
137 -19%
-17%
.0% -.5%
1.5% -9%
.9%
91.0%
3%
2%
-12%
-7% -14%
$614
1%
0%
-10% -10% -3% -5%
$546
7%
7%
Number
4% 9% 4%
27%of Properties
19.5 Sold
11%
11%
.0% -.5% 1.5% .9%
91.0%
3%
2%

50

3 Mo Avg

Number of Properties Sold

3 Mo Avg

60
40
50
30
40
20

21

27

22

22

44

29

39

30

21

29

27

20

32

37

29

42

50

30

31

17

16

21

20

33

26

27

23

35

35

30

29

15

22

22

21

27

22

22

44

29

39

30

21

29

27

20

32

37

29

42

50

30

31

17

16

21

20

33

26

27

23

Median Sales Price and Average Sales Price

35

35

30

29

15

16

18

33

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

10

Prices

16

200

33

18

30
10

3 Mo Avg
0
The Median Sales Price in October was $1,600,000, down 4.5%
2,400N 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
from $1,675,000 in October of 2015 and equal to $1,600,000
14
15
16
last month. The Average Sales Price in October was $1,784,045, 2,20013
down
3.9%
from
$1,857,211
in
October
of
2015
and
down
10.6%
Median
Sales
Price
and
Average
Sales
Price
Prices
3 Mo Avg
from
$1,995,145
month.
October
ASP wasdown
at the4.5%
2,000
The
Median
Sales last
Price
in October
was2016
$1,600,000,
2,400
lowest
level
compared
to
October
of
2015
and
2014.
from $1,675,000 in October of 2015 and equal to $1,600,000
1,800
last month. The Average Sales Price in October was $1,784,045, 2,200
down 3.9% from $1,857,211 in October of 2015 and down 10.6%
1,600
from $1,995,145 last month. October 2016 ASP was at the
2,000
lowest level compared to October of 2015 and 2014.
1,400
1,800
1,200
1,600 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
1,400

Inventory & MSI

The Total Inventory of Properties available for sale as of
October was 491, up 8.6% from 452 last month and up 14.2%
from 430 in October of last year. October 2016 Inventory was at
its highest level compared with October of 2015 and 2014.

1,200

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

478
488
511
540
543
536
517
490
478
455
427
456
475
472
509
537
524
494
458
430
4 21
394
421
430
477
477
515
543
553
547
525
515
496
476
452
491

478
488
511
540
543
536
517
490
478
455
427
456
475
472
509
537
524
494
458
430
421
394
421
430
477
477
515
543
553
547
525
515
496
476
452
491

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
600
40.0
13 14
15
16
35.0
500
30.0
Total
Inventory
&
Month's
Supply
of
Inventory
(MSI)
Inventory & MSI
400
25.0
The Total Inventory of Properties available for sale as of
40.0
600
300
20.0
October was 491, up 8.6% from 452 last month and up 14.2%
35.0
15.0
from 430 in October of last year. October 2016 Inventory was at 500
200
A comparatively lower MSI is more beneficial for sellers while a
its highest level compared with October of 2015 and 2014.
30.0
10.0
higher MSI is better for buyers. The October 2016 MSI of 22.3 400
100
25.0
5.0
months was at its highest level compared with October of 2015
3000
20.0
0.0
and 2014.
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 15.0
A comparatively lower MSI is more beneficial for sellers while a 200
13 14
15
16
10.0
higher MSI is better for buyers. The October 2016 MSI of 22.3
100
5.0
months was at its highest level compared with October of 2015
0
0.0
and 2014.
N D and
J Up
F |MProperty
A MTypes:
J JSFH
A - Con
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
13 Association
14
15Naples Area Board of REALTORS, REALTORS16
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
of REALTORS, My Florida Regional MLS,
Association of the Palm Beaches, Space Coast Association of REAL
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.

30 | c

.

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