FL ARCHIVED February 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 $200 8% 7% -1% 8% $195 -4% 5% 6.6 -40% -17% -40% -11% 8.9 -27% 19% of 93.9% Properties 94.0% .2% -.3% 2.6% Number .7% 1% Sold 1% * 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 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 3 Mo Avg Number of Properties Sold 70 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 February 2018 Selling Price per Square Foot of $200 was up 7.5% from $186 last month and down 0.8% from 202 in February of last year. 50 40 30 52 53 17 18 3 Mo Avg 600 550 up 3.7% from $468,556 last month. February 2018 ASP was at a 550 500 mid range compared to February of 2017 and 2016. 500 450 300 14.0 and 2016. 200 A comparatively lower MSI is more beneficial for sellers while 200 a A higher comparatively lower MSI is more The beneficial for sellers while of a 6.6 MSI is better for buyers. February 2018 MSI 100 higher MSI is better for buyers. February 2018 MSI of 6.6 months was at its lowest level The compared with February of 2017 100 months was at its lowest level compared with February of 2017 0 and 2016. 0 and 2016. 12.0 12.0 10.0 10.0 8.0 6.0 4.0 2.0 0.0 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 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 15 52 | c 14.0 16 17 . 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 February 2018 was 106, down 4.5% from 111 last month and up 3.9% from 102 in February of last year. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI 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 The Total Inventory Inventory & MSI of Properties available for sale as of 500 February was 359, of down 4.5% from 376 for last sale month The Total Inventory Properties available as of and down 500 14.9% from February of last year. February February was 422 359, in down 4.5% from 376 last month and 2018 down 400 14.9% from 422 of last year. February 2018 of 2017 Inventory was in at February a mid level compared with February 400 Inventory was at a mid level compared with February of 2017 and 2016. 300 91.6% Inventory / New Listings / Sales 400 350 300 94.0% 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 18 450 400 350 300 95.5% 650 16 Median Sales Price and Average Sales Price 98% 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 700 15 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month The Median Sales Price in February was $399,708, down 7.6% Prices from $432,500 in February of 2017 and down 8.1% from The Median last Sales month. Price in The February was Sales $399,708, down 7.6% was $435,000 Average Price in February 700 from $432,500 in February of 2017 and down 8.1% from of 2017 and $486,043, down 19.8% from $605,980 in February $435,000 last month. The last Average Sales Price in February up 3.7% from $468,556 month. February 2018 ASP was was at 650 a $486,043, 19.8% to from $605,980 in February of 2017 and 600 mid range down compared February of 2017 and 2016. 3 Mo Avg 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 February 2018 Selling Price vs Original List Price of 94.0% was up from 93.8% last month and up from 91.6% in February of last year. Prices 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 M A M J J A S O N D Median J F M A Sales M J J Price A S O and N D Average J F M A Sales M J J Price A S O N D J F 10 0 10 20 200 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 20 30 202 40 3 Mo Avg 188 50 250 240 230 220 210 200 190 180 170 160 150 60 Selling Price per Square Foot Selling Price per Square Foot 80 February Property sales were 54, up 42.1% from 38 in February of 2017 and 58.8% higher than the 34 sales last month. Property Sales February 2018 sales were at their highest level compared to 80 February were 54, up 42.1% YTD from 38 in February Property of 2017 sales and 2016. February sales of February 88 are 70 of running 2017 and 58.8% higher the 34 year-to-date sales last month. 27.5% ahead of than last year's sales of 69. February 2018 sales were at their highest level compared to February of 2017 and 2016. February YTD sales of 88 are running 27.5% ahead of last year's year-to-date sales of 69. 0 February Sale Price vs List Price Ratio February Sold Price per Square Foot 20 Asking Price per Square Foot (based on New Listings) 40 2% 5% 5% 19% 1% February Month's Supply of Inventory 54 60 February Average Days on Market (Solds) 80 February Sold Price per Square Foot 105 100 Asking Price per Square Foot (based on New Listings) February Number of Properties Sold 120 February Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) 140 February Average Sales Price 7% 4% 3 Mo Avg 150 February Sales Price February Median Number of Properties Sold 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 105, up 9.4% from 96 days last month and down 30.0% from 150 days in February of last year. The February 2018 DOM was at a mid level compared with February of 2017 and 2016. 160 Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Days On Market for Sold Properties Market Time Market Profile & Sales Trends Overview February Median Price Median List Average Price of Sales all Current February Price Listings Title Phone Website Other Community Information | School District Trending versus*: Prior YTD Prior Year YTD $509,900 6% 6% Other $675,358 Trending 2% versus*: 4% Trending versus*: Month LM -8% L3M 4% PYM -8% LY Prior YTD 7% Prior Year $399,708 4% YTD $413,208 $509,900 6% 4% 10% 6% -20% 5% $486,043 $479,287 -23% $675,358 359 2% -5% 4% -15% $399,708 -8% 4% -8% 4% $413,208 7% 28% 7% 54 59% 42% 88 $486,043 105 4% 9% 10% -20% 5% $479,287 -23% 8% -30% 6% 101 -17% 4% 359 -5% -15% $215 3% 3% 5% 7% $211 4% 54 59% 42% 88 28% $200 8% 7% -1% 8% $195 -4% 105 9% 8% -30% 6% 101 -17% 2% 6.6 -40% -17% -40% -11% 8.9 -27% $215 3% 3% 5% 7% $211 4% 5% 94.0% .2% -.3% 2.6% .7% 93.9% 1% Average List Price of all Current Listings Agent Name Price Range: All | Properties: SFH - Con Trending versus*: L3M PYM LY February 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 February 2018 City: Lakewood Ranch February 2018 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 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 e s . 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.