The Sebastian Real Estate Market Reports in October 2014 shows that the market is getting more active as we ap[proaching the traditionally strong season. The Sebastian Real Estate Market Report is updated on a regular basis and provides an insight into Sebastian 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 – October 2014
October 2014 was another active month for home sales in Sebastian . The Inventory was further reduced by 22% which is god news as are approaching the 2015 winter season. The Sebastian market statistics for October 2014 are summarized in the image below.
DATA SOURCE: MLS data as of 11/2/2014. 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 – October 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 increasing for single family homes and remain flat for condos. The sale prices for multi-family homes spiked in October 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 % 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 95% List to Sale ratio, a very good ratio, which indicates that homes in Sebastian are priced well and selling 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 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 is not as strong as the ascending tend lines indicate and with 126 DOM this October 2014.
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.