FL ARCHIVED May 2017 | Page 52

Market Action Report May 2017
Community Information | School District
Market Action Report May 2017

City : Lakewood Ranch

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 519,990
4 %
13 %
Average List Price of all Current Listings
$ 686,554
4 %
13 %
May Median Sales Price
$ 405,000
21 %
5 %
-2%
7 %
$ 387,000
1 %
2 %
May Average Sales Price
$ 448,344
12 %
-3%
-9%
-4%
$ 485,699
1 %
4 %
Total Properties Currently for Sale ( Inventory )
383
-5%
8 %
May Number of Properties Sold
75
44 %
21 %
247
0 %
May Average Days on Market ( Solds )
100 -14% -10% 39 %
23 %
108
48 %
33 %
Asking Price per Square Foot ( based on New Listings )
$ 216
7 %
5 %
3 %
6 %
$ 205
0 %
0 %
May Sold Price per Square Foot
$ 188
5 %
1 %
1 %
2 %
$ 189
2 %
3 %
May Month ' s Supply of Inventory
5.1 -34% -29% -10% -23%
9.2
33 %
38 %
May Sale Price vs List Price Ratio
93.3 %
2.1 %
. 9 %
-. 9 %
-. 7 %
92.7 %
-2%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Lakewood Agent Name Ranch Title Phone Website Other

Community Information | School District

Property Sales
80
May Property sales were 75 , up 21.0 % from 62 in May of 2016 and 44.2 % higher than the 52 sales last month . May 2017 sales
70
Number of Properties Sold
3 Mo Avg
Property were at their Sales highest level compared to May of 2016 and 2015 .
80
May
May Property YTD sales sales of were 247 are 75 , running up 21.0 % equal from 62 to in last May year of ' s 2016 year-todate sales of 247 . and 44.2 % higher than the 52 sales last month . May 2017 sales
70 were at their highest level compared to May of 2016 and 2015 .
60
May YTD sales of 247 are running equal to last year ' s year-todate
60
50
40
sales of 247 .
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
J
J
Prices
14
The Median Sales Price in May was $ 405,000 , down 1.8 % from
700
Prices
$ 412,350 in May of 2016 and up 21.2 % from $ 334,275 last
The month Median . The Sales Average Price Sales in May Price was $ in 405,000 May was , down $ 448,344 1.8 % from , down
650
700
$
8.7 412,350 % from in May $ 490,912 of 2016 in and May up of 21.2 2016 % and from up $ 334,275 12.5 % from last
600 month . The Average Sales Price in May $ 448,344 , down
650
$ 398,590 last month . May 2017 ASP was at a mid range
550
8.7 compared % from $ to 490,912 May of in 2016 May of and 2016 2015 and . up 12.5 % from
600
500
$ 398,590 last month . May 2017 ASP was at a mid range
550 compared to May of 2016 and 2015 .
450
500
A S O N D
J
F
MMedian A M J
J Sales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
450
400
400
350
350
300
300
250
250
J
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
14
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of May
The was Total 383 , Inventory down 5.4 of % Properties from 405 last available month for and sale up as 8.5 of % May from 353 was in May 383 , of down last 5.4 year % . from May 405 2017 last Inventory month and was up at 8.5 its % highest from 353 level
500 in compared May of last with year May . May of 2017 2016 Inventory and 2015 was . at its highest level
400 compared with May of 2016 and 2015 .
300
A comparatively lower MSI is more beneficial for sellers while
200 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial May 2017 for sellers MSI of while 5.1 a higher months MSI was is better at a mid for level buyers compared . The May with 2017 May MSI of of 2016 5.1 and 2015
100 . months was at a mid level compared with May of 2016 and 2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
500
14.0
400
12.0
300
10.0
8.0
200
6.0
100
4.0
2.0
0
0.0
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
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
14
15
16
17
14
15
16
17
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
24 28 39 26 40 27 52 42 39 75 57 57 76 73 52 39 49 42 62 38 42 56 49 62 52 67 62 52 41 53 46 31 38 51 52 75
123
24 28
135
155 123
135 174 39 26 40 27 52 42 39
155 214
174 217
225 214
249 217
241 225 259 249
240 241
75 259
212
211 57 57
Number of Properties Sold
76 73 52 39 49 42 62 38 42
240
212 212
214 211
213 212 235 245
214
230 213
235 296
245 318
230 344
296 355
353 318
343 344
312 355
303 353
303 343 342
312 365 303 368 303 408 342 423 365 439 368 405
408 383
423
56 49 62 52 67 62 52 41 53 46 31
439 38
405
3 Mo Avg
51
383 52 75
52 | 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 Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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 Asso 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 .