Real Estate Market Report Sarasota Florida 34238 for January 2014
I review in this video the leading real estate market indicators (pending sales, average sales price, average days on market, and average sold price to original list price) for the 34238 zip code in Sarasota Florida for January 2013.
The number of new listings in the 34238 zip code in Sarasota in January of 2014 was 103. This is up 114.6% from 48 in December 2013 and up 4.0% from 99 in January 2013.
The number of new pendings in January was 64. This is up 42.2% from 45 in December but down 17.9% from 78 in January 2013.
The number of closed sales in January was 37. This is down 30.2% from 53 in December and down 27.5% from 51 in January 2013.
The median sales price in January was $270,000. This is down 1.8% from $275,000 in December and unchanged from January 2013.
The number of active listings in the 34238 zip code in January was 213. This is below the 5-year January average of 311 and below the 5-year maximum of 432. In December 2013 there were 179 active listings and in January 2013 there were 189 active listings.
The average days on market (or DOM) in January was 103. This is below the 5-year January average of 121 and below the 5-year maximum of 181. In December 2013 the average days on market was 51 and in January 2013 the average days on market was 85. Year to date is 103 days on market.
The avearge sold to original list price ratio in January was 93.3%. This is unchanged from the 5-year December average but slightly below the maximum of 93.9%. In December 2013 the average sold to original list price was 93.3%, in January 2013 it was 93.9% and YTD it is 93.3%.
Follow this link for a video market report covering Sarasota County in Florida for January 2014.
Real estate market report for Sarasota Florida 34238 for January 2014.