FL ARCHIVED October 2016 | Page 38

St. Armands

Market Action Report

City: Sarasota

Agent Name

October 2016

Community Information | School District

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

$2,599,742
$1,600,000
Month
$1,703,158
$1,895,000
Total Properties
for Sale
(Inventory)
381
Average
List PriceCurrently
of all Current
Listings
$2,599,742
OctoberMedian
NumberSales
of Properties
Sold
19
October
Price
$1,600,000
OctoberAverage
AverageSales
DaysPrice
on Market (Solds)
100
October
$1,703,158
Asking
Price perCurrently
Square Foot
(based
on New Listings)
$532
Total
Propert ies
for Sale
(Inventory)
381
OctoberNumber
Sold Price
per Square Sold
Foot
$493
October
of Properties
19
OctoberAverage
Month'sDays
Supply
Inventory
20.1
October
on of
Market
(Solds)
100
October
Saleper
Price
vs List
Price
Ratioon New Listings)
91.2%
Asking
Price
Square
Foot
(based
$532
* 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
$493
October Month's Supply of Inventory
20.1
Property
October
SaleSales
Price vs List Price Ratio
91.2%
40
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
19, upMonth
26.7%
15 in October
* LM=Last
Month
/ L3M=Lastsales
3 Months
/ PYM=Same
Priorfrom
Year / LY=Last
Year (2015) of
/ YTD = Year-to-date

A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The October 2016 MSI of 20.1
months was at a mid level compared with October of 2015 and
2014.

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

15

20

34

23

36

26

23

26

15

26

30

23

38

37

21

29

14

14

18

18

28

17

19

20

27

27

26

26

13

14

27

12

17

19

16

25

20

34

23

36

17

23

26

15

26

30

23

38

37

21

29

14

14

18

18

28

17

19

20

27

27

26

26

13

14

15

3 Mo Avg

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

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

321
326
333
348
355
358
354
339
328
323
299
315
331
330
367
388
384
358
335
319
308
291
307
313
345
354
376
401
418
422
409
401
385
375
351
381

Inventory & MSI

The Total Inventory of Properties available for sale as of
October was 381, up 8.5% from 351 last month and up 21.7%
from 313 in October of last year. October 2016 Inventory was at
A comparatively lower MSI is more beneficial for sellers while a
its highest level compared with October of 2015 and 2014.
higher MSI is better for buyers. The October 2016 MSI of 20.1
months was at a mid level compared with October of 2015 and
2014.

1,200

Median Sales Price and Average Sales Price

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

321
326
333
348
355
358
354
339
328
323
299
315
331
330
367
388
384
358
335
319
308
291
307
313
345
354
376
401
418
422
409
401
385
375
351
381

1,400
The Total Inventory of Properties available for sale as of
October was 381, up 8.5% from 351 last month and up 21.7%
from 313 in October of last year. October 2016 Inventory was at
its highest level compared with October of 2015 and 2014.

Median Sales Price and Average Sales Price

3 Mo Avg
0
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
13
14
15
16
2,200

2,000
2,400
1,800
$1,737,500 last month. The Average Sales Price in October was 2,200
$1,703,158, down 4.7% from $1,787,948 in October of 2015 and
1,600
down 21.6% from $2,171,878 last month. October 2016 ASP was 2,000
at the lowest level compared to October of 2015 and 2014.
1,400
1,800
1,200
1,600

Inventory & MSI

3 Mo Avg

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
12

Prices

3 Mo Avg

Number of Properties Sold

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

5

The Median Sales Price in October was $1,600,000, down 5.9%
from $1,700,000 in October of 2015 and down 7.9% from
$1,737,500 last month. The Average Sales Price in October was
$1,703,158, down 4.7% from $1,787,948 in October of 2015 and
Prices
down
21.6%Sales
fromPrice
$2,171,878
last month.
October 2016
ASP
was
The
Median
in October
was $1,600,000,
down
5.9%
at the
lowest levelincompared
October
20157.9%
and 2014.
from
$1,700,000
October ofto2015
andofdown
from

-1%Trending versus*:
10%
Trending versus*:
-8%
-6% PYM
-6% 3%
$1,600,000
3%YTD Prior
3%Year
LM L3M
LY
YTD
Prior
-22%
4%
2%
-0% -10% -5%
2% -11% $1,937,892
9%
22%
-1%
10%
19% -6% 27%
231
-6%
-8%
-6% 3% $1,600,000
3%
3%
35% -10%
-25% -42%
-36% $1,937,892
127 -24%
-19%
-22%
-5% -11%
4%
2%
-18%
$610
4%
1%
9% -11% -11%
22% -12%
-17%
1% -1%
$548
11%
10%
19% -11% 27%
231
-6%
-9% -25%
6% -42%
-4% -36%
29%
18.2
16%
18%
35%
127 -24%
-19%
.2% -11%
.1% -11%
2.7% -12%
1.6%
91.7%
3%
2%
-18%
$610
4%
1%
-17% -11% 1% -1%
$548
11%
10%
Number
-9% 6% -4%
29%of Properties
18.2 Sold
16%
18%
.2% .1% 2.7% 1.6%
91.7%
3%
2%

35

27

2015 and 18.8% higher than the 16 sales last month. October
2016 sales were at a mid level compared to October of 2015 and
2014. October
YTD sales of 231 are running 6.5% behind last
Property
Sales
year's year-to-date
sales
of 247.
October
Property sales
were
19, up 26.7% from 15 in October of
2015 and 18.8% higher than the 16 sales last month. October
2016 sales were at a mid level compared to October of 2015 and
2014. October YTD sales of 231 are running 6.5% behind last
year's year-to-date sales of 247.

Trending versus*:
Prior YTD Prior Year

YTD

19

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

16

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

25

Title
Phone
Agent
WebsiteName
Title
Other
Phone
Trending versus*:
Month
WebsiteLM L3M PYM LY
$1,895,000
2%
Other -0%

26

Market Action Report

City: Sarasota

October 2016

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

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
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 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
N D and
J Up
F |MProperty
A MTypes:
J JSFH
A - Con
S O
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 inform ation 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.