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


0

100

200

300

400

500

600

700


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


Pending SalesSingle FamilyCondo


0

1,000

2,000

3,000

4,000

5,000


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


Days on Market Single Family

Condo


0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0


Months of Inventory Single Family

Condo

0

200

400

600

800

1,000

1,200


New Listings Single Family

Condo

Source: 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


Sales Volume Single Family

Condo


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


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


$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


$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


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


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


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

sarsota market statistics for january 2011

Real Estate