Sarsota Market Statistics for January 2011

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Pending sales surge in January 2011.. …

Pending sales surge in January 2011..
SOURCE: Sarasota Association of Realtors®, January 2011
To search the MLS in Sarasota visit http://www.searchforsarasotaproperties.com

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  • 1. Sarasota MLSSM Statistics - January 2011 Single Family Unit Sales Condo700600500400300200100 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 Single Family Median Sale Price Condo$250,000$200,000$150,000$100,000 $50,000 $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 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  3,920  384  9.8  179  $138,700  $161,000  10.2  749  19.1  726  146  This  Month  4,042  350  8.6  169  $156,250  $160,000  11.5  573  14.2  1,004  185  Last Year  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  ‐      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  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐   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 ofsingle-family and villa. Condo statistics include condo, co-op, and townhouse. Source: Sarasota Association of Realtors®
  • 2. Sarasota MLSSM Statistics - January 2011 Single Family Inventory Condo5,0004,0003,0002,0001,000 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 Single Family Pending Sales Condo900800700600500400300200100 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 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  2,152  153  7.1  204  $142,500  $162,500  14.1  264  12.3  334  118  This  Month  2,300  156  6.8  207  $165,000  $189,900  14.7  242  10.5  385  205  Last Year  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  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐  ‐   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® MLS
  • 3. Single Family Days on Market The Xtra Pages - Digital Version Only Condo250200150100 50 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 New Listings Single Family Condo1,2001,000 800 600 400 200 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 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 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 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  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
  • 4. Fourth Quarter 2010 Report Single Family Sales ‐ By Quarter REO Short Arms Length12001000800600400200 0 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 Arms Length500400300200100 0 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 Median Sale Price REO Short Arms Length$300,000 $250,000 $200,000 $150,000 $100,000  $50,000  $0  2008‐2ndQ 2008‐3rdQ 2008‐4thQ 2009‐1stQ 2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 Condo Median Sale Price REO Short Arms Length$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000  Source: Sarasota Association of Realtors®$100,000  $50,000  $0  2008‐2ndQ 2008‐3rdQ 2008‐4thQ 2009‐1stQ 2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4
  • 5. Single Family REO Sales ‐ By Quarter Condo600500400300200100 0 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 Short Sales ‐ By Quarter Condo400350300250200150100 50 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 Single Family Arms Length Sales ‐ By Quarter Condo12001000800600400200 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 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