In February 2015 we saw an active market for the Sebastian Real Estate Market with more increases in sale prices and further reduction in the inventory which bodes well for the real estate market in Sebastian Florida. The information in this Real Estate Market Report gets updated on a monthly basis and is interactive with real time data.
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Sebastian Real Estate Market Highlights – February 2015
In February 2015 we saw a fast action in market activity in Sebastian Florida. The iInventory (homes available for sale) was further reduced by 21% which is great news for the sellers and will fuel further increase in sale prices as we get further into the winter season of 2015. The average Days On the Market (DOM) was also lower than in January which shows that demand for homes in Sebastian is still strong. The Sebastian market statistics for February 2015 are summarized in the image below.
DATA SOURCE: MLS data as of 3/2/2015. Data believed to be accurate but not guaranteed.
The following sections provide a comprehensive analysis of the Sebastian Real Estate Market. All charts are interactive and updated dynamically. Click on each chart picture below to see the latest market analysis chart.
Sebastian Real Estate Market Analysis – February 2015
Price Trend Analysis (Average List Price)
The chart below shows the history of sale prices the last 12 months. The reader van observe that he sale prices are increasing for single family homes and condos but remain flat for multi-family homes.
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 very helpful in understanding demand and market strength. As the sale prices get closer to the list prices we get an indication that the market gets stronger.
The Sebastian Real estate Market is strengthening as single family homes and condos in Sebastian are selling with approximately 95% List to Sale ratio, a very good ratio which indicates that as more buyers are entering the market are driving up demand and sellers are adjusting to the current market conditions of lower inventory and increased demand.
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 another indicator that shows the market’s strength and is often used to determine 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 stabilized and increasing as the DOM has started to decline with an average of 120 days in February 2015.
DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.
Want more information about the real estate market in your area?
Request a FREE Sebastian Real Estate Market Snapshot.
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