Market Action Report
May 2018
County: Lee COUNTY
LEE
Agent Name
3 Mo Avg
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
250
200
157
147
150
111
100
50
0
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
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
750
700
650
623
600
566
536
550
500
450
Trending versus*:
$2,512,512 1% Trending versus*:
7%
Month -37%
LM L3M
LY
YTD
Prior
YTD Prior
$1,400,000
-8% PYM
-17% -9%
$1,525,000
-1%
0% Year
$1,949,000
0% -14% -19%
4% -15% $2,175,158
$1,810,146 -21%
-3%
2%
$2,512,512
7%
139 1%
-5%
16%
$1,400,000 18 -37%
-1%
0%
6% -8% -17%
-10% -9% $1,525,000
68
-3%
May
Average
Sales
Price
$1,810,146
-21%
-14%
-19%
-15%
$2,175,158
-3%
2%
May Average Days on Market (Solds)
65 -43% -40% -46% -53%
106 -26%
-24%
Total
Properties
Currently
for
Sale
(Inventory)
139
-5%
16%
Asking Price per Square Foot (based on New Listings)
$581 33% -6% -6% -2%
$619
-1%
4%
May
of Properties
18 -37%
6% -26% -10%
68
-3%
May Number
Sold Price
per Square Sold
Foot
$441
-35% -22%
$601
0%
6%
May
on Market
(Solds)
65 -43%
106 -26%
-24%
May Average
Month's Days
Supply
of Inventory
7.7
-11% -40%
-17% -46%
29% -53%
-62%
15.2
-4%
-25%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$581
-6% 2.1%
-6% 2.6%
-2%
$619
-1%
4%
May Sale
Price
List Price
93.0% 33%
1.5% 2.2%
91.2%
1%
1%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $441 -37% -26% -35% -22%
$601
0%
6%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
7.7 -11% -17% 29%
-62% of Properties
15.2 Sold
-4%
-25%
Number
May
Sale Price
vs List Price Ratio
93.0% 1.5% 2.2% 2.1% 2.6%
91.2%
1%
1%
Property
Sales
30
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
May Property sales were 18, down 10.0% from 20 in May of
2017 and 5.9% higher than the 17 sales last month. May 2018
25
sales were at a mid level compared to May of 2017 and 2016.
Property
Sales
May YTD sales
of 68 are running 2.9% behind last year's year-to- 30
20
May
sales were 18, down 10.0% from 20 in May of
date Property
sales of 70.
2017 and 5.9% higher than the 17 sales last month. May 2018
25
15
sales were at a mid level compared to May of 2017 and 2016.
May YTD sales of 68 are running 2.9% behind last year's year-to-
20
10
date sales of 70.
Number of Properties Sold
3 Mo Avg
90.8%
89.5%
90.6%
2,000
1,000
1,500
Inventory / New Listings / Sales
900
Median Sales Price and Average Sales Price
Prices
0
3 Mo Avg
The Median Sales Price in May was $1,400,000, down 16.8%
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
3,500
from $1,682,500 in May of 2017 and down 37.1% from
15
16
17
18
$2,225,000 last month. The Average Sales Price in May was
3,000
Median
Sales
Price
and
Average
Sales
Price
Prices
$1,810,146, down 18.6% from $2,223,525 in May of 2017 and
3 Mo Avg
The
Median
in May was
$1,400,000,
down ASP
16.8%
down
21.4% Sales
from Price
$2,303,029
last month.
May 2018
was at 3,500
from
$1,682,500
in May of 2017
down and
37.1%
from
2,500
the lowest
level compared
to May and
of 2017
2016.
$2,225,000 last month. The Average Sales Price in May was
3,000
$1,810,146, down 18.6% from $2,223,525 in May of 2017 and
2,000
down 21.4% from $2,303,029 last month. May 2018 ASP was at
2,500
the lowest level compared to May of 2017 and 2016.
1,500
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
15
16
17
18
Inventory / New Listings / Sales
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
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
15
16
17
18
5
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
10
0
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
15
16
17
18
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 May 2018 was 84, down 5.6% from 89 last month and up
16.7% from 72 in May of last year.
3 Mo Avg
15
5
400
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 May 2018 Selling Price vs Original List
Price of 90.6% was down from 91.3% last month and down from
90.8% in May of last year.
Tr