FL ARCHIVED October 2017 | Page 54

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

County : Sarasota

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 345,000
0 %
2 %
Average List Price of all Current Listings
$ 608,782
-2%
-1%
October Median Sales Price
$ 255,000
2 %
3 %
13 %
10 %
$ 245,000
7 %
6 %
October Average Sales Price
$ 357,496
8 %
5 %
20 %
11 %
$ 340,229
7 %
6 %
Total Properties Currently for Sale ( Inventory )
3,900
3 %
-7%
October Number of Properties Sold
857
14 %
-3%
9,896
2 %
October Average Days on Market ( Solds )
74
-1%
-4%
7 %
10 %
77
17 %
15 %
Asking Price per Square Foot ( based on New Listings )
$ 217
4 %
5 %
6 %
6 %
$ 209
3 %
2 %
October Sold Price per Square Foot
$ 189
4 %
3 %
11 %
7 %
$ 184
5 %
5 %
October Month ' s Supply of Inventory
4.6
-9%
2 %
-5%
-0%
4.7
6 %
3 %
October Sale Price vs List Price Ratio
94.3 %
. 5 %
. 6 %
. 0 %
. 0 %
93.6 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400
October Property sales were 857 , down 2.7 % from 881 in
October of 2016 and 13.7 % higher than the 754 sales last month .
1,200
Property
October 2017 Sales sales were at their lowest level compared to
1,400
October Property of 2016 sales and 2015 were . 857 October , down YTD 2.7 % sales from of 881 9,896 in are
1,000
October running of 1.7 2016 % ahead and 13.7 of % last higher year ' than s year-to-date the 754 sales sales last of month 9,727 .
October 2017 sales were at their lowest level compared to
1,200
800
October of 2016 and 2015 . October YTD sales of 9,896 are
1,000
running 1.7 % ahead of last year ' s year-to-date sales of 9,727 .
600
800
400
600
400
200

Sarasota Agent County

Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
200
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 255,000 , up 13.3 %
Prices from $ 225,000 in October of 2016 and up 2.0 % from $ 249,950
The last Median month Sales . The Price Average in October Sales Price was $ in 255,000 October , up was 13.3 $ % 357,496 ,
400 from up 19.5 $ 225,000 % from in $ October 299,106 of in 2016 October and of up 2016 2.0 % and from up $ 249,950 8.3 % from
N
D
J
F M A M J
J
Median
A S O N Sales D
J
F Price M A M and J J AAverage S O N DSales
J
F MPrice A M J
14
15
16
17
400
Median Sales Price and Average Sales Price
350
J
A S O
3 Mo Avg
3 Mo Avg
last
$ 330,199 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 357,496 highest , level up 19.5 % from $ 299,106 in October of 2016 and up 8.3 % from
350 compared to October of 2016 and 2015 .
300
$ 330,199 last month . October 2017 ASP was at the highest level
compared to October of 2016 and 2015 .
300
250
250
200
717 964 749 844 1,224
717 964 749 844 1,224 1,226 1,211 1,191 1,220 1,070 949 896 779 946 739 790 1,140 1,094 1,137 1,137 939 952 918 881 829 920 719 805 1,192 1,174 1,241 1,157 973 1,024 754 857
200
150
150
N
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
D
14
J
F
15 M A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A S O
A S O
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 3,900 of , up Properties 3.2 % from available 3,778 for last sale month as of and down
6,000
October
7.1 % from was 4,199 3,900 in , up October 3.2 % from of last 3,778 year last . October month and 2017 down Inventory
6,000
5,000
7.1 was % from at a mid 4,199 level in October compared of last with year October . of 2016 2017 Inventory and 2015 .
5,000 was at a mid level compared with October of 2016 and 2015 .
4,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
4,000
3,000
5.0
3,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
2,000
3.0
A comparatively lower MSI is more beneficial for sellers while a
2,000 higher MSI is better for buyers . The October 2017 MSI of 4.6 higher MSI is better for buyers . The October 2017 MSI of 4.6
1,000
2.0 months was at a mid level compared with October of 2016 and
1,000 months was at a mid level compared with October of 2016 and
1.0
2015 .
0
2015 .
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
N
D J
F M A 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
14
15
16
17
14
15
16
17
1,226 1,211
4,013 4,072 4,357 4,358 4,286 4,017 3,683
4,013 4,072 4,357 4,358 4,286 4,017 3,683 3,385 3,250 3,177 1,191 1,220
3,385 3,250
1,070 949
3,243 3,415 3,177 3,715 3,243 3,797
Number of Properties Sold
896 779
4,556 4,638 4,416 4,227
3,415 4,239 3,715
3,797
946 739 790 1,140 1,094 1,137 1,137 939 952
4,239 4,556 4,638 4,416 4,227 4,147 4,041 3,962 3,955
4,147 4,041 3,962 3,955 4,199 4,432 4,606 918 881 829 920
5,037 4,432
5,204 5,204 4,606 4,779
4,199
719 805 1,192
3 Mo Avg
1,174 1,241
4,578 4,368 4,178 3,912 3,778 3,900 1,157 973
5,037 5,204 5,204 4,779 4,578 4,368 4,178 3,912
3 Mo Avg
1,024 754
3,778 3,900
857
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
54 | c o l d w e l l b a n k e r h o m e s . c o m
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