This Sebastian real estate market report for March 2014 is interactive and is updated on a regular basis. For more details subscribe to the Sebastian Home Values Real-Time Market Snapshot. It’s all about what’s going on right now in your neighborhood.
Sebastian Real Estate Market Highlights – March 2014
The Sebastian real estate market report in March 2014 shows that the market is getting more active at the end of 1st quarter and as we are closing the traditionally strong season. Inventory has been reduced by 16% which bodes well for price appreciation as buyers have fewer homes to choose from. Essential Sebastian market snapshot statistics for March 2014 are summarized in the image below.
The following sections provide a comprehensive analysis of the Sebastian Real Estate Market. All Sebastian Market Charts are interactive and updated dynamically. Click on each chart picture below to see the latest market analysis chart.
Sebastian Real Estate Market Analysis – March 2014
Price Trend Analysis (Average List Price)
The history of sale prices the last 12 months can be seen in the charts below. The sale prices are flat for single family homes and are slightly decreasing for condos. The sale prices for multi-family homes spiked in October of 2013 and have been declining up until January 2014, and have been stabilizing since then.
DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.
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Price Trend Analysis (% Price Reduction)
The List (asking price) to Sale Price ratio is a useful statistic that shows the strength of a particular real estate market. It defines the sale’s price % of reduction from the asking price. The closer the sale price to list or asking price, the stronger the market is.
The following chart shows that single family homes and condos in Sebastian are selling with approximately 5% reduction or 95% List to Sale ratio, which indicates that homes in Sebastian are priced close to the market.
DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.
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Days On the Market (DOM)
The Days On the Market (DOM) as illustrated in the chart below, is a useful measurement because it can help us determine the demand. A buyer’s market is indicated by high DOM. Consequently, a seller’s market is indicated by low DOM. The chart below shows that demand for Sebastian Real Estate has been steady and is increasing as the declining DOM is indicating.
DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.
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