The Sebastian Real Estate Market in January 2015 was active with increases in sale prices and further reduction in the inventory. This Sebastian Real Estate Market Report is dynamic and the information is updated in real time and provides current and timely view of the Sebastian real estate market. You can subscribe to the Sebastian Home Values Real-Time Market Snapshot for more details and what’s going on right now in your neighborhood.
Sebastian Real Estate Market Highlights – January 2015
January 2015 was an active real estate market in Sebastian Florida. Inventory was reduced by 30% 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 December indicating continued demand. The Sebastian market statistics for January 2015 are summarized in the image below.
DATA SOURCE: MLS data as of 2/2/2015. 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 – January 2015
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 increasing for single family homes but remain flat for condos and 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. The closer the sale price to list or asking price, the stronger the market is. This Sebastian Real Estate Market Report for January 2015 shows that the market is strengthening.
The following chart shows that 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.
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 very useful because it can help us 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 is starting to decline with an average of 125 days in January 2015.
DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.
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Detailed Real Estate Market Reports for Sebastian real estate market are produced on a monthly basis. If you would like to receive up to date real-time market reports for your area, fill in the request form below.