FL ARCHIVED March 2018 | Page 52

Market Action Report
Lakewood Ranch
Agent Name
Market Action Report
Title
Phone
Agent
Name
Website
Other
Title
Community Information | School District
City: Lakewood Ranch
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
$518,542
4%
8%
Other
$719,810 Trending
8% versus*:
11%
Month
LM 1%
L3M -1%
PYM 4%
LY
$402,500
$518,542
4% 1% 5%
8% 10%
$492,962
$719,810 353
8% -4% 11% -19%
$402,500 1%
-1% 4% 33%
5%
68 26%
$492,962 112
1% 7%
5% 7%
10% 22%
7%
353 -4%
-19%
$217 2% 3% 13%
68 26%
33%
$195 -3% 2% 9%
112 7% 7% 22% 13%
5.2 -24% -33% -40%
$217 2% 3% 13% 9%
92.2% -1.9% -1.3% -1.0%
$195 -3% 2% 9%
5.2 -24% -33% -40%
92.2% -1.9% -1.3% -1.0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Month's Supply of Inventory
March 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
3 Mo Avg
60
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 March 2018 Selling Price per Square Foot of $195 was down
2.7% from $200 last month and up 8.9% from 179 in March of
last year.
50
40
30
67
46
3 Mo Avg
18
Median Sales Price and Average Sales Price
3 Mo Avg
600
550
500 450
level compared with March of 2017 and 2016.
300
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
while
a
MSI is better
for buyers.
March for
2018
MSI
of 5.2
100
higher
MSI
is better
for buyers.
March 2018
MSI of of
5.2 2017 and
100
months
was
at its lowest
level The
compared
with March
months
0
2016. was at its lowest level compared with March of 2017 and
0
2016.
12.0
12.0 10.0
10.0
8.0
6.0
4.0
2.0
0.0
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 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 M
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14.0
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Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United, Realtors
| Price Range: All | Property Types: SFH - Con
Copyright
© Coldwell
Banker
Real
Coldwell
United,
o
l d Residential
well
b Estate
a n / k
e r Banker
hom
e s Realtors
c o | Price
m Range: All | Property Types: SFH - Con
8.0
6.0
4.0
Inventory / New Listings / Sales
500
450
400
350
300
250
200
150
100
50
0
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 March 2018 was 94, down 13.0% from 108 last month and
down 9.6% from 104 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
400
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 M
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16 A M J J A S O N D J F M 17
A M 15 J J A S O N D J F M
A M J J A S O N D J F M
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16
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Inventory & MSI
92.2%
Inventory / New Listings / Sales
400 350
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
500
was Total
353, Inventory
down 4.1%
368 last
month
The
of from
Properties
available
for and
sale down
as of 19.4%
March from
438 353,
in March
of last
year.
2018 and
Inventory
was at
a mid 500
was
down 4.1%
from
368 March
last month
down 19.4%
from
400
438
in compared
March of last
year.
March
2018 and
Inventory
level
with
March
of 2017
2016. was at a mid
93.1%
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 M
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450 400
350 300
94.6%
650
17
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
700
16
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
15
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
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 March 2018 Selling Price vs Original
List Price of 92.2% was down from 94.0% last month and down
from 93.1% in March of last year.
550 500
300
179
Prices
The Median Sales Price in March was $402,500, up 3.9% from
Prices
$387,500 in March of 2017 and up 0.7% from $399,708 last
The
Median
Sales
Price Sales
in March
was
3.9% from up
month.
The
Average
Price
in $402,500,
March was up $492,962,
700
$387,500
in March
of 2017
and up of 0.7%
last
9.8% from
$448,883
in March
2017 from
and $399,708
up 1.4% from
650
month.
The last
Average
Sales
Price in
March
up
$486,043
month.
March
2018
ASP was
was $492,962,
at a mid range
9.8%
from $448,883
of 2017
and up 1.4% from
compared
to March in of March
2017 and
2016.
600
0
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 M
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A M J J A S O N D J Median
F M A M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
10
0
10
20
195
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 M
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20
30
3 Mo Avg
194
50
250
240
230
220
210
200
190
180
170
160
150
60
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
Number of Properties Sold
70
40
$486,043 last month. March 2018 ASP was at a mid range
compared to March of 2017 and 2016.
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 M
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80
March Property sales were 68, up 33.3% from 51 in March of
2017 and 25.9% higher than the 54 sales last month. March
Property
2018 sales Sales
were at their highest level compared to March of 80
March
Property
were YTD
68, up
33.3%
from
in March
of
2017 and
2016. sales
March
sales
of 156
are 51 running
30.0%
70
2017
and of 25.9%
higher
than the 54 sales
sales last
month. March
ahead
last year's
year-to-date
of 120.
2018 sales were at their highest level compared to March of
2017 and 2016. March YTD sales of 156 are running 30.0%
ahead of last year's year-to-date sales of 120.
5%
$195
1%
5%
-30%
7.7 -29%
4%
Number of 93.2%
Properties
-1.3%
0% Sold -0%
0
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
20
Asking Price per Square Foot (based on New Listings)
40
7%
6%
5%
4%
-0%
March Month's Supply of Inventory
7% 30% 7%
156
-11%
106
-3% 5%
9%
$212
7%
156
30%
5%
$195
1%
106
-3%
7%
-30%
7.7 -29%
$212
7%
6%
-1.3%
93.2%
0%
March Average Days on Market (Solds)
$413,208
$485,248
13%
92
79
March Sold Price per Square Foot
-11%
112
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
The average Days On Market (DOM) shows how many days the
140
average Property is on the market befor e it sells. An upward
trend in DOM tends to indicate a move towards more of a
120
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 112, up 6.7% from 105
100
days last month and up 21.7% from 92 days in March of last year.
80
The March 2018 DOM was at a mid level compared with March
of 2017 and 2016.
60
7%
5%
3 Mo Avg
160
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$485,248
Market Time
March Average Sales Price
Trending versus*:
YTD
Prior YTD 7%
Prior Year
$413,208
5%
7%
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
March
Sales
Price
March Median
Number
of Properties
Sold
Community Information | School District
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Title
Phone
Website
Other
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Agent Name
Price Range: All | Properties: SFH - Con
Trending versus*:
L3M PYM
LY
March 2018
Lakewood Ranch
City: Lakewood Ranch
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
Market Action Report
March 2018
City: Lakewood Ranch
March 2018
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 M
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2.0 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
0.0 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
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.
18
c o l dw el l b a n k er h o m es . c o m
| 53
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
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board Coast
of REALTORS,
Coast Association
of REALTORS,
Pensacola
of REALTORS
and estate
may
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 REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
Association Emerald
of REALTORS,
Pensacola Association
of REALTORS
and Association
may not reflect
all relevant real
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.
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.