Real Estate Market Report Sarasota Florida 34238 for March 2014
In this video I review 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 March 2014.
The number of new listings in the 34238 zip code in Sarasota in March of 2014 was 68. This is down 17.1% from 82 in February 2014 and down 16.0% from 81 in March 2013.
The number of new pendings in March was 84. This is up 15.1% from 73 in February and up 9.1% from 77 in March 2013.
The number of closed sales in March was 67. This is up 45.7% from 46 in February and up 15.5% from 58 in March 2013.
The median sales price in March was $282,000. This is up 1.6% from $277,500 in February and up 3.7% from $271,950 in March 2013.
The number of active listings in March was 208. This is below the 5-year March average of 311 and below the 5-year maximum of 208. In February 2014 there were 233 active listings and in March 2013 there were 210 active listings.
The average days on market (or DOM) in March was 69. This is below the 5-year March average of 102 and below the 5-year maximum of 141. In February 2014 the average days on market was 123 and in March 2013 the average days on market was 82. Year to date is 94 days on market.
The avearge sold to original list price ratio in March was 93.6%. This is above the 5-year average of 91.9% and below the maximum of 94.6%. In February 2014 the average sold to original list price was 91.5%, in March 2013 it was 94.6% and YTD it is 93.1%.
Follow this link for a video market report covering Sarasota County in Florida for March 2014.
Real estate market report for Sarasota Florida 34238 for March 2014.