FL ARCHIVED April 2017 | Page 52

Market Action Report Lakewood Ranch Agent Name Market Action Report Title Phone Agent Name Website Other Title April 2017 Community Information | School District City: Lakewood Ranch Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $499,000 3% 5% Other $661,522 Trending 1% versus*: 8% Trending versus*: Month LM -14% L3M -12% PYM -15% LY -12% YTD Prior YTD 1% Prior Year $334,275 $379,063 $499,000 3% -11% -21% 5% -8% -15% $398,782 $502,046 4% $661,522 399 1% -8% 8% 12% $334,275 -14% -12% -15% -12% $379,063 1% 52 2% 6% 172 -7% 0% $398,782 116 -11% 26% -21% 5% -8% 57% -15% 43% $502,046 4% 111 50% 7% 399 -8% 12% $203 5% 1% 4% 0% $202 0% 52 2% 6% 172 -7% $179 0% -5% 1% -3% $189 2% 116 26% 5% 57% 43% 111 50% 37% 7.7 -10% -16% 6% 16% 10.1 41% $203 5% 1% 4% 0% $202 0% -1% 91.5% -1.7% -1.0% -2.0% -2.6% 92.4% -3% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) April Sales Price April Median Number of Properties Sold April Average Sales Price April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sale Price vs List Price Ratio April Sold Price per Square Foot $179 0% -5% 1% 7.7 -10% -16% 6% 91.5% -1.7% -1.0% -2.0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Month's Supply of Inventory April Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 37% -1% 3% 52% -2% -3% $189 2% 3% 16% 10.1 41% 52% Number of 92.4% Properties -2.6% -3% Sold -2% 3 Mo Avg Number of Properties Sold 70 3 Mo Avg 60 50 60 40 50 30 40 20 30 Prices The Median Sales Price in April was $334,275, down 15.4% from Prices $395,000 in April of 2016 and down 13.7% from $387,500 last The Median Sales Price Sales in April was in $334,275, down 15.4% from month. The Average Price April was $398,782, down 700 $395,000 in $432,710 April of 2016 and down 13.7% $387,500 last 7.8% from in April of 2016 and from down 11.2% from month. The last Average Sales April Price 2017 in April down $448,883 month. ASP was was $398,782, at the lowest level 650 600 7.8% from $432,710 2016 and down 11.2% from compared to April in of April 2016 of and 2015. 550 500 450 14 700 650 52 15 16 Median Sales Price and Average Sales Price 38 M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 14 15 16 17 M J J A S O N D J F Median M A M J Sales J A S Price O N D and J F Average M A M J Sales J A S Price O N D J F M A 0 0 10 10 20 $448,883 last month. April 2017 ASP was at the lowest level compared to April of 2016 and 2015. 0% 7% 80 April Property sales were 52, up 6.1% from 49 in April of 2016 and 2.0% higher than the 51 sales last month. April 2017 sales Property Sales were at a mid level compared to April of 2016 and 2015. April 80 April sales are were 52, up 7.0% 6.1% from 49 last in April of year-to- 2016 YTD Property sales of 172 running behind year's 70 and 2.0% higher than the 51 sales last month. April 2017 sales date sales of 185. were at a mid level compared to April of 2016 and 2015. April YTD sales of 172 are running 7.0% behind last year's year-to- date sales of 185. Trending versus*: Prior YTD Prior Year YTD City: Lakewood Ranch April 2017 3 Mo Avg 17 3 Mo Avg 600 550 500 450 400 400 350 350 300 300 250 Inventory & MSI level compared with April of 2016 and 2015. 300 0 52 | c 14.0 14.0 300 200 A comparatively lower MSI is more beneficial for sellers while 200 a A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 7.7 a 100 higher MSI is better for buyers. April 2017 MSI of 7.7 100 months was at its highest level The compared with April of 2016 and months 0 2015. was at its highest level compared with April of 2016 and 2015. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) The Total Inventory Inventory & MSI of Properties available for sale as of April 500 was Total 399, Inventory down 8.1% from 434 last month from The of Properties available for and sale up as 12.4% of April 500 355 399, in April last from year. 434 April Inventory was at from its highest was down of 8.1% last 2017 month and up 12.4% 400 355 in comp