Sarsota Market Statistics for January 2011

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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.com

Transcript of Sarsota Market Statistics for January 2011

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®

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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

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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

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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®

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200

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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

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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®

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100

200

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400

500

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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