The Sarasota real estate market continued its strong spring showing in May 2011, with 796 total sales reported by members of the Sarasota Association of Realtors® - the second highest total in the past six years.
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May2011 stats 3 to8
1. Sarasota MLSSM Statistics - May 2011
Single Family
Unit Sales Condo
700
600
500
400
300
200
100
0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐11
Single Family
Median Sale Price
Condo
$250,000
$200,000
$150,000
$100,000
$50,000
$0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐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
3,148 546 17.3 192 $159,000 $155,990 5.8 609 19.3 434 186
This
Month 3,883 539 13.9 168 $169,000 $165,000 7.2 626 16.1 711 214
Last Year
Last
Month
3,321 533 16.0 169 $155,430 $158,000 6.2 687 20.7 512 166
YTD ‐ 2,599 ‐ 179 $150,000 ‐ ‐ 3,669 ‐ 2,842 ‐
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 94.1 94.2 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Statistics were compiled on properties listed in the MLS by members of the Sarasota Association of Realtors® as of June 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.
Source: Sarasota Association of Realtors®
16 JULY 2011 Sarasota Realtor® Magazine www.sarasotarealtors.com
2. Sarasota MLSSM Statistics - May 2011
Single Family
Inventory Condo
5,000
4,000
3,000
2,000
1,000
0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐11
Single Family
Pending Sales Condo
1000
900
800
700
600
500
400
300
200
100
0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐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
1,862 250 13.4 228 $218,750 $160,000 7.4 232 12.4 212 211
This
Month 2,211 227 10.3 213 $184,500 $192,000 9.7 231 10.4 298 209
Last Year
Last
Month
1,937 226 11.7 230 $185,500 $160,000 8.6 272 14.0 224 197
YTD ‐ 1,076 ‐ 214 $170,000 ‐ ‐ 1,275 ‐ 1,362 ‐
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 93.4 94.5 ‐ ‐ ‐ ‐ ‐ ‐ ‐
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.
Sarasota Association of Realtors® MLS
www.sarasotarealtors.com Sarasota Realtor® Magazine JULY 2011 17
3. Single Family
Days on Market
The Xtra Pages - Digital Version Only
Condo
250
200
150
100
50
0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐11
Single Family
New Listings Condo
900
800
700
600
500
400
300
200
100
0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐11
Single Family
Months of Inventory Condo
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐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
May‐10 Jun‐10 Jul‐10 Aug‐10 Sep‐10 Oct‐10 Nov‐10 Dec‐10 Jan‐11 Feb‐11 Mar‐11 Apr‐11 May‐11
4. First Quarter 2011 Report
Single Family Sales ‐ By Quarter REO Short Arm's Length
1000
800
600
400
200
0
2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1
* Homebuyer Tax
Credit In Effect
Condo Sales ‐ By Quarter REO Short Arm's Length
500
400
300
200
100
0
2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1
* Homebuyer Tax
Credit In Effect
Single Family Median Sale Price REO Short Arm's 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 Arm's 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 Condo
600
500
400
300
200
100
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
* Homebuyer Tax
Credit In Effect
Single Family
Short Sales ‐ By Quarter Condo
400
350
300
250
200
150
100
50
0
2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1
* Homebuyer Tax
Credit In Effect
Single Family
Arm's Length Sales ‐ By Quarter Condo
1000
800
600
400
200
0
2008‐Q3 2008‐Q4 2009‐Q1 2009‐Q2 2009‐Q3 2009‐Q4 2010‐Q1 2010‐Q2 2010‐Q3 2010‐Q4 2011‐Q1
* Homebuyer Tax
Credit In Effect
Source: Sarasota Association of Realtors®
6. Annual Sales ‐ 2000 to 2010
Single Family
Single Family Condo Total
11267
10562
9697
8167
7,596 7603
7036 6,841
6533 6739
6,504
6 504 6358
6042 5820
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 2,005 2,120 2,137
1,556
1,194
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Annual 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