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.