FL ARCHIVED April 2018 | Page 76

Market Action Report April 2018
Community Information | School District
Market Action Report April 2018

City : Lakeland Price Range : All | Properties : SFH - Con

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 239,998
2 %
17 %
Average List Price of all Current Listings
$ 302,353
4 %
18 %
April Median Sales Price
$ 195,900
2 %
3 %
22 %
11 %
$ 190,000
15 %
8 %
April Average Sales Price
$ 217,195
6 %
5 %
16 %
13 %
$ 206,062
12 %
7 %
Total Properties Currently for Sale ( Inventory )
709
1 %
-19%
April Number of Properties Sold
293
-6%
6 %
1,031
-1%
April Average Days on Market ( Solds )
56
-8%
-3% -18%
-7%
58
-9%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 122
4 %
3 %
14 %
13 %
$ 118
12 %
9 %
April Sold Price per Square Foot
$ 113
2 %
3 %
12 %
10 %
$ 110
11 %
7 %
April Month ' s Supply of Inventory
2.4
8 %
-7% -24% -21%
3.0
-13%
-3%
April Sale Price vs List Price Ratio
96.7 %
. 9 %
. 8 %
1.7 % 1.3 %
95.9 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
400 April Property sales were 293 , up 5.8 % from 277 in April of 2017 and 6.1 % lower than the 312 sales last month . April 2018 sales 350 Property were at their
Sales highest level compared to April of 2017 and 2016 . 400 April Property sales were 293 , up 5.8 % from 277 in April of 2017 300 April YTD sales of 1,031 are running 1.4 % behind last year ' s yearto-date sales of 1,046 .
250 and 6.1 % lower than the 312 sales last month . April 2018 sales 350 were at their highest level compared to April of 2017 and 2016 .
300
April YTD sales of 1,031 are running 1.4 % behind last year ' s yearto-date sales of 1,046 .
250
200 150
200 100
150 50
100 0
50
M Prices
15
The Median Sales Price in April was $ 195,900 , up 21.7 % from
Prices $ 161,000 in April of 2017 and up 2.4 % from $ 191,250 last 240 The month Median . The Sales Average Price Sales in April Price was in $ 195,900 April was , up $ 21.7 217,195 % from , up 15.5 % $ from 161,000 $ 187,985 in April in of April 2017 of and 2017 up 2.4 and % up from 6.4 $ % 191,250 from $ last 204,211 last 240 220 month month
. . The April
Average
2018 Sales ASP was
Price at in the April highest was $ level 217,195 compared , up 15.5 % to from $ 187,985 in April of 2017 and up 6.4 % from $ 204,211 last 220 200 April of 2017 and 2016 . month . April 2018 ASP was at the highest level compared to 200 180 April of 2017 and 2016 .
180 160

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

0
160 140
140 120
297 314 301 277 254 255
Number of Properties Sold
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
15
16
17
18
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
16
Median Sales Price and
17 Average Sales Price
18
3 Mo Avg
Median Sales Price and Average Sales Price
297 314 301 277 254 255 210 262 221 226 306 278 281 307 300 302 301 280 285 293 232 239 298 277 327 357 297 304 239 275 285 274 187 239 312 293
120
100
100
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
M
J
15J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M
A18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 709 , Inventory up 1.0 % from of Properties 702 last available month and for down sale as 19.2 of April % from
1,200 was 709 , up 1.0 % from 702 last month and down 19.2 % from
1,200
878 in April of last year . April 2018 Inventory was at its lowest
1,000
878 level in compared April of last with year April . April of 2018 2017 Inventory and 2016 was . at its lowest
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
6.0
5.0
level compared with April of 2017 and 2016 .
800
800
4.0
4.0
600
600
3.0
3.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The April 2018 MSI of 2.4 higher MSI is better for buyers . The April 2018 MSI of 2.4 months was at its lowest level compared with April of 2017 and
200 months was at its lowest level compared with April of 2017 and
2016
2016 .
.
0
400
2.0
200
1.0
0
0.0
M
J
MJ
AJ
SJ OA NS DO JN FD MJ
AFMM
J AJMA JS JO AN SD OJ
NF MD AJ
MF MJ
JA AM SJ
OJ NA DS J
OF NM DA
J
F M A
15
15
16
16
17
17
18
18
2.0
1.0
0.0
210 262
1,083 1,091 1,064 1,020 1,041 1,052 1,043 977 1,001 973
221 226 306
Number of Properties Sold
278 281
1,083 1,091 1,064 1,020 1,041 1,052 1,043 977 1,001 973 952 939 932 307 300 302 301 280 285
952 939 932 930 964 990 981 929 921 880 868 882 905 878 869 865
874 878 883
869 868 865
824
874 778 743 761
293 232 239
930 964 990 981 929 921 880 868 882 905 298 277 327 357 297 304 239 275
3 Mo Avg
285
3 Mo Avg
741 702 709 274 187
883 868 824 778 743 761 741
TORS , Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may not reflect all relevant real estate
3 Mo Avg
239 312
702 709
293
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
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