Sarasota Market Stats feb2012

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Sarasota Market Stats feb2012

  1. 1. Sarasota MLSSM Statistics - February 2012 Single Family Unit Sales Condo 700 600 500 400 300 200 100 0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Single Family Median Sale Price Condo $250,000 $200,000 $150,000 $100,000 $50,000 $0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 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 2,972 414 13.9 171 $167,500 $160,000 7.2 793 26.7 795 154 This Month 3,782 471 12.5 178 $137,500 $160,000 8.0 735 19.4 647 123 Last Year Last Month 3,037 365 12.0 171 $162,000 $158,000 8.3 723 23.8 835 131 YTD - 796 - 168 $163,250 - - 1,516 - 1,630 - Single Family – Sale Price Vs. List Price % Rates Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2011 94.5 94.1 94.7 94.1 94.2 94.3 94.1 94.5 95.2 95.1 95.3 94.8 2012 95.4 94.2 - - - - - - - - - - Statistics were compiled on properties listed in the MLS by members of the Sarasota Association of Realtors® as of March 10th, 2012, 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 APRIL 2012 Sarasota Realtor® Magazine www.sarasotarealtors.com
  2. 2. Sarasota MLSSM Statistics - February 2012 Single Family Inventory Condo4,0003,0002,0001,000 0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Single Family Pending Sales Condo1000 900 800 700 600 500 400 300 200 100 0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 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 1,616 177 10.9 212 $150,000 $160,000 9.1 337 20.8 323 166 This Month 2,082 201 9.7 223 $137,500 $160,000 10.4 288 13.8 312 110 Last Year Last Month 1,674 148 8.8 212 $180,000 $159,000 11.3 240 14.3 364 156 YTD - 330 - 212 $154,250 - - 577 - 687 - Condo – Sale Price Vs. List Price % Rates Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2011 93.4 91.2 92.2 93.4 94.5 94.2 92.5 93.1 92.8 93.2 93.6 92.7 2012 93.1 93.5 - - - - - - - - - -Median sales price is the middle value, where half of the homes sold for more, and half sold for less. Listings sold were closedtransactions during the month. Pending sales are sales where an offer has been accepted during the month, but the sale has not yetclosed. Even though some pending sales never close, pending sales are an indicator of current buyer activity. DOM indicates the averagenumber of days that sold properties were on the market before a contract was executed. Sarasota Association of Realtors® MLSwww.sarasotarealtors.com Sarasota Realtor® Magazine APRIL 2012 17
  3. 3. Single Family Months of Inventory The Xtra Pages - Digital Version Only Condo12.010.0 8.0 6.0 4.0 2.0 0.0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Single Family Days on Market Condo300250200150100 50 0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Single Family Sales Volume Condo$180,000,000$160,000,000$140,000,000$120,000,000$100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 New Listings Single Family Condo 900 800 700 600 500 400 300 Sarasota Association of Realtors® MLS 200 100 0 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12
  4. 4. Fourth Quarter 2011 Report Single Family Sales ‐ By Quarter REO Short Market12001000 800 600 400 200 0 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2* 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 * Homebuyer Tax Credit In Effect Condo Sales ‐ By Quarter REO Short Market600500400300200100 0 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2* 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 * Homebuyer Tax Credit In Effect Single Family Median Sale Price REO Short Market $300,000  $250,000  $200,000  $150,000  $100,000  $50,000  $0  2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 Condo Median Sale Price REO Short Market $350,000  $300,000  $250,000  $200,000  $150,000  $100,000  Source: Sarasota Association of Realtors® $50,000  $0  2009‐2ndQ 2009‐3rdQ 2009‐4thQ 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4
  5. 5. Single Family REO Sales ‐ By Quarter Condo600500400300200100 0 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2* 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 * Homebuyer Tax Credit In Effect Single Family Short Sales ‐ By Quarter Condo400350300250200150100 50 0 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2* 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 * Homebuyer Tax Credit In Effect Single Family Market Sales ‐ By Quarter Condo12001000 800 600 400 200 0 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2* 2010‐Q3 2010‐Q4 2011‐Q1 2011‐Q2 2011‐Q3 2011‐Q4 * Homebuyer Tax Credit In Effect Source: Sarasota Association of Realtors®
  6. 6. Annual Sales ‐ 2000 to 2011 Single Family Single Family Condo Total 11267 10562 9697 8167 8224 7,596 7603 7036 6,841 6533 6739 6,504 6 504 6358 6042 5820 5,938 5,603 5,466 5,183 4,940 4,626 4,349 4,353 3,721 3 721 3,922 , 3 671 3,671 3,193 2,564 2,184 2,096 2,120 2,137 2,286 2,005 1,556 1,194 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011Annual Median Sale Price ‐ 2000 to 2011  Single Family Condo $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 $156,800 $173,000 $145,000 $160,000 $132,300 $163,000 $155,925 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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