Pending sales surge in January 2011..
SOURCE: Sarasota Association of Realtors®, January 2011
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1. Sarasota MLSSM Statistics - January 2011
Single Family
Unit Sales Condo
700
600
500
400
300
200
100
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 of
single-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 Condo
5,000
4,000
3,000
2,000
1,000
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 Condo
900
800
700
600
500
400
300
200
100
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. 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
3. Single Family
Days on Market
The Xtra Pages - Digital Version Only
Condo
250
200
150
100
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
Condo
1,200
1,000
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 Arm's Length
1200
1000
800
600
400
200
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 Arm's Length
500
400
300
200
100
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 Arm's 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 Arm's 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 Condo
600
500
400
300
200
100
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 Condo
400
350
300
250
200
150
100
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
Arm's Length Sales ‐ By Quarter Condo
1200
1000
800
600
400
200
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®
