sarsota market statistics for january 2011
Post on 19-Oct-2014
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Pending sales surge in January 2011..SOURCE: Sarasota Association of Realtors®, January 2011To search the MLS in Sarasota visit http://www.searchforsarasotaproperties.comTRANSCRIPT
Sarasota MLSSM Statistics - January 2011 Sarasota MLSSM Statistics - January 2011
Statistics were compiled on properties listed in the MLS by members of the Sarasota Association of Realtors® as of Feb. 10th, 2011,including some listings in Manatee, Englewood, Venice, and other areas. Single-family statistics are tabulated using property styles of single-family and villa. Condo statistics include condo, co-op, and townhouse.
Single Family – Sale Price Vs. List Price % Rates Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2010 94.4 92.8 95.2 94.8 95.2 95.3 94.7 95.2 94.6 95.2 94.8 94.1 2011 94.5 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Single Family
#Active #Sold %Sold Average DOM
Median Sale Prices
Median Last 12 Months
Months Inventory
Pending Reported
%Pending # New Listings
# Off Market
This Month 3,920 384 9.8 179 $138,700 $161,000 10.2 749 19.1 726 146
This Month Last Year
4,042 350 8.6 169 $156,250 $160,000 11.5 573 14.2 1,004 185
Last Month 3,920 500 12.8 178 $165,000 $163,000 7.8 567 14.5 715 156
YTD ‐ 384 ‐ 179 $138,700 ‐ ‐ 749 ‐ 726 ‐
Source: Sarasota Association of Realtors®
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
Single Family
CondoMedian Sale Price
Source: Sarasota Association of Realtors®
0
100
200
300
400
500
600
700
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
Unit Sales Single FamilyCondo
16 MARCH 2011 Sarasota Realtor® Magazine www.sarasotarealtors.com
Sarasota MLSSM Statistics - January 2011 Sarasota MLSSM Statistics - January 2011
Median sales price is the middle value, where half of the homes sold for more, and half sold for less. Listings sold were closed transac-tions during the month. Pending sales are sales where an offer has been accepted during the month, but the sale has not yet closed. Even though some pending sales never close, pending sales are an indicator of current buyer activity. DOM indicates the average number of days that sold properties were on the market before a contract was executed.
Condo
#Active #Sold %Sold Average DOM
Median Sale Prices
Median Last 12 Months
Months ofInventory
Pending Reported
%Pending # New Listings
# Off Market
This Month 2,152 153 7.1 204 $142,500 $162,500 14.1 264 12.3 334 118
This Month Last Year
2,300 156 6.8 207 $165,000 $189,900 14.7 242 10.5 385 205
Last Month 2,127 181 8.5 211 $160,000 $163,000 11.7 222 10.4 302 139
YTD ‐ 153 ‐ 204 $142,500 ‐ ‐ 264 ‐ 334 ‐
Condo – Sale Price Vs. List Price % Rates Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2010 92.5 92.4 92.5 93.2 94.2 93.7 94.2 93.5 93.2 94.3 94.5 92.9 2011 93.4 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Sarasota Association of Realtors® MLS
0
100
200
300
400
500
600
700
800
900
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
Pending SalesSingle FamilyCondo
Sarasota Association of Realtors® MLS
0
1,000
2,000
3,000
4,000
5,000
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
InventorySingle FamilyCondo
www.sarasotarealtors.com Sarasota Realtor® Magazine MARCH 2011 17
The Xtra Pages - D
igital Version OnlySarasota Association of Realtors® MLS
0
50
100
150
200
250
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
Days on Market Single Family
Condo
Sarasota Association of Realtors® MLS
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
Months of Inventory Single Family
Condo
0
200
400
600
800
1,000
1,200
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
New Listings Single Family
Condo
Source: Sarasota Association of Realtors® MLS
Sarasota Association of Realtors® MLS
$0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 $180,000,000 $200,000,000
Jan‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11
Sales Volume Single Family
Condo
Source: Sarasota Association of Realtors®
0
200
400
600
800
1000
1200
2007‐Q4 2008‐Q1 2008‐Q2 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
Single Family Sales ‐ By Quarter REO Short Arm's Length
Source: Sarasota Association of Realtors®
0
100
200
300
400
500
2007‐Q4 2008‐Q1 2008‐Q2 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
Condo Sales ‐ By Quarter REO Short Arm's Length
Source: Sarasota Association of Realtors®
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2008‐2ndQ 2008‐3rdQ 2008‐4thQ 2009‐1stQ 2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
REO Short Arm's LengthSingle Family Median Sale Price
Source: Sarasota Association of Realtors®
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
2008‐2ndQ 2008‐3rdQ 2008‐4thQ 2009‐1stQ 2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
REO Short Arm's LengthCondo Median Sale Price
Fourth Quarter 2010 Report
Source: Sarasota Association of Realtors®
0
100
200
300
400
500
600
2007‐Q4 2008‐Q1 2008‐Q2 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
REO Sales ‐ By Quarter Single FamilyCondo
Source: Sarasota Association of Realtors®
050
100150200250300350400
2008‐Q1 2008‐Q2 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
Short Sales ‐ By QuarterSingle Family
Condo
Source: Sarasota Association of Realtors®
0
200
400
600
800
1000
1200
2008‐Q1 2008‐Q2 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
Arm's Length Sales ‐ By QuarterSingle FamilyCondo
4,3494,940
5,603
6,504
7,596
6,841
4,3533,922
4,6265,183
5,466
2,184 2,0962,564
3,1933,671 3,721
2,005 2,120
1,1941,556
2,137
65337036
8167
9697
11267
10562
63586042 5820
6739
7603
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Annual Sales ‐ 2000 to 2010Single Family Condo Total
$132,300
$172,500$191,000
$226,000
$272,500
$351,000$342,000
$303,000
$230,000
$160,000 $163,000
$142,000
$145,000$173,000
$191,000
$225,000
$305,000$301,225
$336,250$320,000
$210,000
$163,000
Annual Median Sale Price ‐ 2000 to 2010 Condo Single Family
$132,300
$172,500$191,000
$226,000
$272,500
$351,000$342,000
$303,000
$230,000
$160,000 $163,000
$142,000
$145,000$173,000
$191,000
$225,000
$305,000$301,225
$336,250$320,000
$210,000
$163,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Annual Median Sale Price ‐ 2000 to 2010 Condo Single Family