FL ARCHIVED February 2018 | Page 38
City: Lakeland
Price Range: All | Properties: SFH - Con
Market Profile & Trends Overview
Median
Price
all Current Listings
Price Range: All List
| Properties:
SFH of
- Con
February Average Sales Price
Total Properties Currently for Sale (Inventory)
10 February Number of Properties Sold
February Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
February Sold Price per Square Foot
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 J A S O N D J F
15
16
17
18
February Sold
Sale Price
Price
vs Square
List Price
February
per
Foot Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
February Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
Prices
94.3%
92%
91%
90%
highest level compared to February of 2017 and 2016.
89%
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 J A S O N D J F
15
16
17
18
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 J A S O N D J F
18
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
15
16
17
18
Inventory & MSI
3 Mo Avg
120 100
2,000
2,500
3,000
3,500
3 Mo Avg
180 160
100
4,000
18
140 120
4,500
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 1,108, down 9.0% from 1,217 last month
and up 1.7% from 1,090 in February of last year.
Median Sales Price and Average Sales Price
160 140
Inventory / New Listings / Sales
Inventory / New Listings / Sales
Median
Sales Price and Average
Sales Price
16
17
15
The Median Sales Price in February was $188,000, up 14.8%
Prices
from $163,700 in February of 2017 and up 1.6% from $185,000 240
The
in February
was in
$188,000,
14.8%
last Median
month. Sales
The Price
Average
Sales Price
February up
was
$199,097,
from
$163,700
February in of February
2017 and of
up 2017
1.6% and
from
$185,000
up 8.4%
from in
$183,707
down
0.6% 240 220
last
month.
The
Average
Sales
Price
in
February
was
$199,097,
from $200,367 last month. February 2018 ASP was at the
220 200
up 8.4% from $183,707 in February of 2017 and down 0.6%
highest level compared to February of 2017 and 2016.
from $200,367 last month. February 2018 ASP was at the
200 180
93.0%
93%
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 J A S O N D J F
15
16
17
18
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 J A S O N D J F
1,500
1,000
500
Inventory
& MSI of Properties available for sale as of
The Total Inventory
1,200
The
Total Inventory
Properties
available
as of and down
February
was 687, of down
6.0% from
731 for
last sale
month
1,200
February
was 871
687, in down
6.0% from
last February
month and 2018
down
21.1% from
February
of last 731
year.
1,000
21.1%
from 871
last year.
February
Inventory
was in at February
its lowest of level
compared
with 2018
February of 1,000
Inventory
at its lowest level compared with February of
800
2017 and was
2016.
2017 and 2016.
0
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 J A S O N D J F
15
16
17
18
800
600
A comparatively lower MSI is more beneficial for sellers while a
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
6.0
5.0
4.0
94%
0
0
95.4%
50
50
96%
95%
100
100
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
150
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 95.4% was up from 94.9% last month and up from
94.3% in February of last year.
150
3 Mo Avg
200
Selling Price versus Listing Price Ratio
250
200
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 J A S O N D J F
15
16
17
18
Selling Price vs Original Listings Price
300
2018 sales were at their highest level compared to February of
2017 and 2016. February YTD sales of 425 are running 9.4%
behind last year's year-to-date sales of 469.
3 Mo Avg
Number of Properties Sold
95
85
400
February Property sales were 238, equal to 238 in February of
2017 and 27.3% higher than the 187 sales last month. February 350
Property
2018 sales Sales
were at their highest level compared to February of 400
300
February Property sales were 238, equal to 238 in February of
2017 and 2016. February YTD sales of 425 are running 9.4%
2017 and 27.3% higher than the 187 sales last month. February 350
behind last year's year-to-date sales of 469.
250
104
2.9 -26% -8% -21% -3%
3.4
-8%
14%
of 95.5%
Properties
95.6% .2% .2% .4% Number
.2%
1% Sold 0%
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
February
Month's
Supply
Inventory
Asking
Price
per Square
Foot of (based
on New Listings)
Selling Price per Square Foot
Selling Price per Square Foot
February Average Days on Market (Solds)
-5%
7%
3%
14%
0%
20
February Number of Properties Sold
February Average Sales Price
30
Total Properties Currently for Sale (Inventory)
February Median Sales Price
Average List Price of all Current Listings
40
6%
4%
50
0
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $104 was up
0.5% from $104 last month and up 9.6% from 95 in February of
last year.
Market
Profile
& Sales
Trends
Overview
February
Median
Price
Median List Price of all Current Listings
60
68
70
Trending versus*:
Prior YTD Prior Year
YTD
7%
23%
Trending versus*:
$298,743 Trending
5% versus*:
21%
Month
LM 2%
L3M 2%
PYM 15%
LY
Prior YTD 13%
Prior Year
$188,000
7% YTD
$186,500
$245,000
7% -1% 1%
23% 8%
$199,097
4%
$199,656
10%
$298,743 5%
21%
687 -6%
-21%
$188,000 2% 2% 15% 7%
$186,500
13%
6%
238 27%
0%
425
-9%
$199,097 -1% 1% 8% 4%
$199,656
10%
4%
55 -4% -5% -15% -7%
56 -13%
687 -6%
-21%
$119 2% 3%
14% 8%
$118
13%
238 27%
0%
425
-9%
$106
-1%
0%
8%
3%
$106
55 -4% -5% -15% -7%
56 -13% 9% -5%
2.9
-26%
-8%
-21%
-3%
3.4
$119 2% 3% 14% 8%
$118
13% -8% 7%
1% 3%
$106 95.6%
-1% .2%
0% .2%
8% .4%
3% .2% $106 95.5%
9%
Average List Price of all Current Listings
80
Trending versus*:
L3M PYM
LY
75
LM
87
90
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 68, down 10.5%
from 76 days last month and down 9.3% from 75 days in
February of last year. The February 2018 DOM was at its lowest
level compared with February of 2017 and 2 016.
100
Phone
Website
Month
Other
$245,000
3 Mo Avg
Days On Market for Sold Properties
Market Time
Community Information | School District
Price Range: All | Properties: SFH - Con
City: Lakeland
February 2018
Title
Phone
Agent
Name
Website
Title Other
Community Information | School District
Lakeland
Agent Name
Market Action Report
Title
Phone
Website
Other
February 2018
Agent Name
Polk County
Market Action Report
County: Polk
February 2018
Market Action Report
600
400
3.0
6.0
5.0
4.0
3.0
2.0
400
2.0
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The February 2018 MSI of 2.9
200
1.0
higher MSI is better for buyers. The February 2018 MSI of 2.9
200
1.0
months was at its lowest level compared with February of 2017
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
months was at its lowest level compared with February of 2017
0 Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant
0.0
and 2016.
2016.
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 Association of REALTORS, Flagler County Association
of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association,
0
0.0 real estate activity.
and
S O J N
D A J M F J M J A A M S J O J N A D S J O F N D J F
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.
M A M
M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A
N D
F M
16
17
18
15 15
16
17
18
38 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
c o l dw el l b a n k er h o m es . c o m
| 39
C
Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
Fort Fort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.