The Sebastian Real Estate Market Reports in November 2014 shows that the market is still active and gaining strength as we approaching the traditionally strong winter season. The Sebastian Real Estate Market Report gets updated on a regular basis and provides current and timely view into 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 – November 2014
In November 2014 we saw an active market with increase in median sale price and further reduction in the inventory and low Days On the Market (DOM). The Inventory was further reduced by 25% which is good news for the market as are approaching the 2015 winter season. The Sebastian market statistics for November 2014 are summarized in the image below.
DATA SOURCE: MLS data as of 12/2/2014. 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 – November 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 slightly increasing for single family homes but remain flat for condos. The sale prices for multi-family homes spiked in November of 2013 and have been declining up until January 2014, but 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 percentage 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 92% List to Sale ratio, a good ratio but lower than the previous months. The drop in list to sale ratio may indicate that the sellers are getting ahead of the market by pricing their homes higher than 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 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 as the DOM is starting to flatten with the current average of 133 days in November 2014.
DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.
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