FL ARCHIVED October 2017 | Page 39

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

City : Lakeland

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
$ 229,900
3 %
21 %
Average List Price of all Current Listings
$ 285,908
3 %
20 %
October Median Sales Price
$ 175,500
-8%
-3%
6 %
9 %
$ 175,000
9 %
9 %
October Average Sales Price
$ 194,233
-6%
-2%
4 %
10 %
$ 191,350
9 %
8 %
Total Properties Currently for Sale ( Inventory )
713 -12%
-23%
October Number of Properties Sold
274
15 %
-2%
2,836
1 %
October Average Days on Market ( Solds )
60
9 %
5 %
9 %
-8%
60
-9%
-8%
Asking Price per Square Foot ( based on New Listings )
$ 111
1 %
0 %
7 %
9 %
$ 109
8 %
7 %
October Sold Price per Square Foot
$ 103
-4%
-1%
5 %
10 %
$ 102
10 %
9 %
October Month ' s Supply of Inventory
2.6 -23% -11% -21% -23%
3.0
-13%
-11%
October Sale Price vs List Price Ratio
95.2 %
-. 7 % -. 4 %
. 0 %
-. 0 %
95.5 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
400
October Property sales were 274 , down 2.1 % from 280 in
October of 2016 and 15.1 % higher than the 238 sales last month .
Property
October 2017
Sales sales were at a mid level compared to October of
400
October Property sales were 274 , down 2.1 % from 280 in
2016 and 2015 . October YTD sales of 2,836 are running 1.3 %
October of 2016 and 15.1 % higher than the 238 sales last month .
350 ahead of last year ' s year-to-date sales of 2,799 .
October 2017 sales were at a mid level compared to October of
300
2016 and 2015 . October YTD sales of 2,836 are running 1.3 %
350
300
250
200
Number of Properties Sold
3 Mo Avg
ahead of last year ' s year-to-date sales of 2,799 .
250
150
200
100
150
100
50
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 175,500 , up 6.4 % from
Prices
$ 165,000 in October of 2016 and down 7.6 % from $ 190,000
The last Median month Sales . The Price Average in October Sales Price was $ in 175,500 October , up was 6.4 % $ 194,233 from ,
$ up 165,000 4.2 % in from October $ 186,341 of 2016 in October and down of 7.6 2016 % from and $ down 190,000 5.8 % from
240 last
$ 206,294 month . last The month Average
. October Sales Price
2017 in October
ASP was was at the
$ 194,233 highest
, level up 4.2 % from $ 186,341 in October of 2016 and down 5.8 % from
220 compared to October of 2016 and 2015 .
$ 206,294 last month . October 2017 ASP was at the highest level
200
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
15
Median Sales
16 Price and Average Sales
17 Price
Median Sales Price and Average Sales Price
240
220
200
180
J
A S O
3 Mo Avg
3 Mo Avg
compared to October of 2016 and 2015 .
180
160
160 140
140 120
190 252 182 205 281 283
190 252 182 205 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 230 238 297 277 326 356 297 303 238 274
120 100
100 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 14J
F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M A17M J J A S O
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 713 , down of Properties 11.9 % from available 809 last for sale month as of and down 1,400 7.0
October was 713 , down 11.9 % from 809 last month and down 1,400 7.0
22.7 % from 922 in October of last year . October 2017 Inventory 1,200 6.0
22.7 was % at from its lowest 922 in level October compared of last year with . October 2017 of 2016 Inventory and 20151,200 .
6.0 was at its lowest level compared with October of 2016 and 2015 .
1,000 5.0
1,000 5.0
800 4.0
800 4.0
600 3.0
600
3.0 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 400
2.0 higher MSI is better for buyers . The October 2017 MSI of 2.6 400
2.0 higher MSI is better for buyers . The October 2017 MSI of 2.6 months was at its lowest level compared with October of 2016
200 1.0 months was at its lowest level compared with October of 2016 200
1.0 and
and 2015
2015 .
. 0
0 0.0
0.0
N D NJ
DF MJ AF M JA JM AJ
SJ OAN SDOJ NF DM JA FM MJ
AJ MA SJ OJ NA DS JO FN MD AJ
MF JMJ AAMS JO J A S O
14 14 15 15
16 16
17 17
297 313 301
1,169 1,121 1,131 1,143 1,101 1,117 1,069 1,075 1,050
1,169 1,121 1,131 1,143 1,101 1,117 1,069 1,075 1,050 1,005 1,024
277 253
Number of Properties Sold
255 208 261 221 225 307
1,037 1,026 958 983 956 938 926 922 923
277 280 306 300 302 301
1,005 1,024 1,037 1,026 958 983 956 938 926 922 923 957 985 975 922 280 283 293 230 238
957 985 975 922 913 874 859 869 889 853 845 840 842 297 277
839 809
326
713 356 297
913 874 859 869 889 853 845 840 842 839
3 Mo Avg
303 238
809 713
274
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 .
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