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Sarasota Market March 2011 stats

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Sarasota Market Statistics for March 2011 …

Sarasota Market Statistics for March 2011
To search the MLS: http://www.searchforsarasotaproperties.cm

Published in: Real Estate

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  • 1. Sarasota MLSSM Statistics - March 2011 Single Family Unit Sales Condo 700 600 500 400 300 200 100 0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Single Family Median Sale Price Condo $250,000 $200,000 $150,000 $100,000 $50,000 $0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Single Family    Average  Median  Median Last  Months  Pending  # New  # Off  #Active  #Sold  %Sold  %Pending  DOM  Sale Prices  12 Months  Inventory  Reported  Listings  Market  This  Month  3,486  580  16.6  183  $159,250  $159,950  6.0  889  25.5  523  176  This  Month  3,999  555  13.8  178  $170,000  $162,950  7.2  769  19.2  961  204  Last Year  Last  Month  3,782  471  12.5  178  $137,500  $160,000  8.0  735  19.4  647  123  YTD  ‐  1,451  ‐  178  $145,133  ‐  ‐  2,373  ‐  1,896  ‐      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  94.1  94.7  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐    Statistics were compiled on properties listed in the MLS by members of the Sarasota Association of Realtors® as of April 11th, 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. Source: Sarasota Association of Realtors®16 MAY 2011 Sarasota Realtor® Magazine www.sarasotarealtors.com
  • 2. Sarasota MLSSM Statistics - March 2011 Single Famliy Inventory Condo5,0004,0003,0002,0001,000 0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Single Family Pending Sales Condo1000 900 800 700 600 500 400 300 200 100 0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Condo    Average  Median Sale  Median Last  Months of Pending  # New  # Off  #Active  #Sold  %Sold  %Pending  DOM  Prices  12 Months  Inventory  Reported  Listings  Market  This  Month  2,015  220  10.9  195  $173,000  $160,000  9.2  319  15.8  280  212  This  Month  2,343  198  8.5  206  $210,000  $190,000  11.8  291  12.4  388  197  Last Year  Last  Month  2,082  201  9.7  223  $137,500  $160,000  10.4  288  13.8  312  110  YTD  ‐  581  ‐  206  $153,500  ‐  ‐  871  ‐  926  ‐    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  91.2  92.2  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐   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. Eventhough some pending sales never close, pending sales are an indicator of current buyer activity. DOM indicates the average number ofdays that sold properties were on the market before a contract was executed. Sarasota Association of Realtors® MLSwww.sarasotarealtors.com Sarasota Realtor® Magazine MAY 2011 17
  • 3. Single Family Days on Market The Xtra Pages - Digital Version Only Condo250200150100 50 0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 New Listings Single Family Condo1,2001,000 800 600 400 200 0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Months of Inventory Single Family Condo 18 16 14 12 10 8 6 4 2 0 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Single Family Sales Volume Condo $200,000,000  $180,000,000  $160,000,000  $140,000,000  $120,000,000  $100,000,000  Sarasota Association of Realtors® MLS $80,000,000  $60,000,000  $40,000,000  $20,000,000  $0  Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11
  • 4. First Quarter 2011 Report Single Family Sales ‐ By Quarter REO Short Arms Length1000800600400200 0 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 Condo Sales ‐ By Quarter REO Short Arms Length500400300200100 0 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 Single Family Median Sale Price REO Short Arms Length$300,000 $250,000 $200,000 $150,000 $100,000  $50,000  $0  2008‐3rdQ 2008‐4thQ 2009‐1stQ 2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 Condo Median Sale Price REO Short Arms Length$350,000 $300,000 $250,000 $200,000 $150,000 $100,000  Source: Sarasota Association of Realtors® $50,000  $0  2008‐3rdQ 2008‐4thQ 2009‐1stQ 2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1
  • 5. Single Family REO Sales ‐ By Quarter Condo600500400300200100 0 2008‐Q1 2008‐Q2 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 Single Family Short Sales ‐ By Quarter Condo400350300250200150100 50 0 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 Single Family Arms Length Sales ‐ By Quarter Condo1000800600400200 0 2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 Source: Sarasota Association of Realtors®
  • 6. Annual Sales ‐ 2000 to 2010 Single Family Condo Total 11267 10562 9697 8167 7,596 7603 7036 6,841 6533 6739 6,504 6358 6042 5820 5,603 5,466 5,183 4,940 4,626 4,349 4,353 3,721 3,922 3,671 3,193 2,564 2,184 2,096 2,005 2,120 2,137 1,556 1,194 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Annual Median Sale Price ‐ 2000 to 2010  Condo Single Family $351,000 $342,000 $336,250 $320,000 $272,500 $301,225 $305,000 $226,000 $225,000 $303,000 $191,000 $210,000 $172,500 $191,000 $230,000 $163,000$142,000 $173,000 $145,000 $160,000 $163,000 $132,300 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010