FL ARCHIVED November 2017 | Page 52

Market Action Report November 2017
Community Information | School District
Market Action Report November 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
$ 495,000
1 %
3 %
Average List Price of all Current Listings
$ 665,287
2 %
3 %
November Median Sales Price
$ 333,389
-17% -13% -14% -12%
$ 380,000
1 %
0 %
November Average Sales Price
$ 409,710
-29% -14%
1 %
-13%
$ 466,298
1 %
-1%
Total Properties Currently for Sale ( Inventory )
351
7 %
-4%
November Number of Properties Sold
51 -18%
-4%
595
4 %
November Average Days on Market ( Solds )
85 -12% -10% 10 %
5 %
99
24 %
22 %
Asking Price per Square Foot ( based on New Listings )
$ 206
-3%
0 %
-9%
1 %
$ 201
-1%
-1%
November Sold Price per Square Foot
$ 184
-9%
-3%
4 %
0 %
$ 185
1 %
1 %
November Month ' s Supply of Inventory
6.9
30 %
13 %
-0%
4 %
7.5
16 %
14 %
November Sale Price vs List Price Ratio
95.0 %
. 4 %
1.2 %
. 1 %
1.1 %
93.3 %
-1%
-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
November Property sales were 51 , down 3.8 % from 53 in
November of 2016 and 17.7 % lower than the 62 sales last month .
70
Number of Properties Sold
3 Mo Avg
Property
November Sales 2017 sales were at a mid level compared to November
80
November of 2016 and Property 2015 . sales November were 51 YTD , down sales 3.8 % of from 595 are 53 running 3.7 %
November of 2016 and 17.7 % lower than the 62 sales last month .
70 ahead of last year ' s year-to-date sales of 574 .
60
50
November 2017 sales were at a mid level compared to November of 2016 and 2015 . November YTD sales of 595 are running 3.7 % ahead of last year ' s year-to-date sales of 574 .
60
50
40
30
40
20
30
10
20
0
10
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 333,389 , down 13.6 %
Prices from $ 385,870 in November of 2016 and down 17.2 % from
D
J
F M A M J
14
15
700
The
$ 402,500 Median last Sales month Price . in The November Average was Sales $ 333,389 Price in , down November 13.6 % was
700 from
$ 409,710 $ 385,870 , up in 1.4 November % from $ 404,009 of 2016 and in November down 17.2 % of from 2016 and
$ down 402,500 29.0 last % month from $ . 576,745 The Average last month Sales Price . November in November 2017 was ASP
650
$ was 409,710 at a , mid up 1.4 range % from compared $ 404,009 to in November of of 2016 2016 and and 2015 .
600
650
600
550
J
A
SMedian O N D
J Sales F M APrice M J Jand
A SAverage O N D
J Sales
F M A Price M J
J
16
17
Median Sales Price and Average Sales Price
A
S O N
3 Mo Avg
3 Mo Avg
was at a mid range compared to November of 2016 and 2015 . down 29.0 % from $ 576,745 last month . November 2017 ASP
500
550
450
500
450
400
400
350
350
300
300
D
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
14
15
16
17
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
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
The
November Total Inventory was 351 of , up Properties 7.0 % from available 328 last for month sale as and of down
November
3.8 % from was 365 351 in , up November 7.0 % from of 328 last last year month . November and down 2017
500
3.8
Inventory % from 365 was in at November a mid level of compared last year . November with November 2017 of 2016
400
Inventory and 2015 was . at a mid level compared with November 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 November for sellers 2017 while MSI a of 6.9 higher months MSI was is better at a mid for level buyers compared . The November with November 2017 MSI of of 2016 6.9 and
100 months
2015 . was at a mid level compared with November 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
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 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
14
15
16
17
14
15
16
17
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
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 61 58 61 55 62 51
225 249
52 225
42 249
240 258
39 239
75
240 258
57 239
211 210
57 211
76 210
211 213
73 211
212 234
52 213 244
39 230
49
212 234
42
296 244
Number of Properties Sold
62
318 344
230 38
296 355
42
318 344
56
353 343
355 49
353
312 303
62 343 303
52 312
67
342
303 365 62 52
368
342 409
303
41 53 46
368 409
365 423 439
406
31 423
394 381
38 439
51
406
378 360
52
394 333
75
381 61
378 360
328 351
58 333
61 328
3 Mo Avg
55
351 62 51
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
52 | c o l d w e l l b a n k e r h o m e s . c o m
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