FL ARCHIVED April 2018 | Page 52

Market Action Report
Lakewood Ranch
Agent Name
Market Action Report
Title
Phone
Agent
Name
Website
Other
Title
April 2018
Community Information | School District
City: Lakewood Ranch
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Trending versus*:
LM L3M PYM
LY
$499,000
-2%
4%
Other
$702,726 Trending
-0% versus*:
12%
Month
LM 7%
L3M 1%
PYM 29%
LY
$430,000
$499,000
-2% 20% 14%
4% 48%
$591,693
$702,726 338
-0% -6% 12% -18%
$430,000 7%
1% 29% 33%
12%
69 1%
$591,693 20%
14%
48%
28%
90 -20% -11% -22%
338 -6%
-18%
$194 -9% -5% 1%
69 1%
33%
$207 6% 4% 16%
90 -20% -11% -22% -9%
4.9 -7% -14% -38%
$194 -9% -5% 1% 3%
93.5% 1.4% .2% 2.2%
$207 6% 4% 16%
4.9 -7% -14% -38%
93.5% 1.4% .2% 2.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
April Month's Supply of Inventory
April 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
62
31
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
15
16
17
18
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
15
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
600
550
500 450
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
450 400
300
200
A comparatively lower MSI is more beneficial for sellers while 200
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2018
MSI while
of 4.9 a
100
higher
MSI
is better
for buyers.
April 2018
of of
4.9 2017 and 100
months
was
at its lowest
level The
compared
with MSI
April
months
0
2016. was at its lowest level compared with April of 2017 and
0
2016.
10.0
10.0
8.0
6.0
4.0
2.0
0.0
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 M A
15
16
17
18
15
16
17
18
52 | c
12.0
12.0
.
Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United, Realtors
| Price Range: All | Property Types: SFH - Con
Copyright
© Coldwell
Banker
Real
Coldwell
o
l d Residential
well
b Estate
a n / k
e r Banker
h o United,
m e s Realtors
c o | Price
m Range: All | Property Types: SFH - Con
8.0
6.0
4.0
2.0
0.0
14.0
14.0
Total Inventory & Month's Supply of Inventory (MSI)
300
18
500
450
400
350
300
250
200
150
100
50
0
500
17
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
16
Total Inventory & Month's Supply of Inventory (MSI)
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 April 2018 was 75, down 21.9% from 96 last month
and down 9.6% from 83 in April of last year.
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
16 A M J J A S O N D J F M 17
M J 15 J A S O N D J F M
A M J J A S O N D J F M A 18
was Total
338, Inventory
down 6.1%
from 360 last
month
The
of Properties
available
for and
sale down
as of 18.4%
April from
414 338,
in April
last from
year. 360
April
Inventory
was
at its from
lowest 500
was
down of 6.1%
last 2018
month
and down
18.4%
400
414
in April
of last with
year. April
April of 2018
was at its lowest
level
compared
2017 Inventory
and 2016.
400
level compared with April of 2017 and 2016.
Inventory / New Listings / Sales
Inventory / New Listings / Sales
350 300
15
91.5%
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
15
16
17
18
400 350
Inventory & MSI
93.5%
93.4%
650
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
700
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 April 2018 Selling Price vs Original
List Price of 93.5% was up from 92.2% last month and up from
91.5% in April of last year.
0
550 500
300
179
178
$492,962 last month. April 2018 ASP was at the highest level
compared to April of 2017 and 2016.
207
Prices
The Median Sales Price in April was $430,000, up 28.6% from
Prices
$334,275 in April of 2017 and up 6.8% from $402,500 last
The
Median
Sales
Price Sales
in April
was in
$430,000,
28.6% from
month.
The
Average
Price
April was up
$591,693,
up
700
$334,275
in April
of 2017 in and
up of
6.8%
from
48.4% from
$398,727
April
2017
and $402,500
up 20.0% last
from
month.
The last
Average
Sales
Price 2018
in April
up level 650
$492,962
month.
April
ASP was
was $591,693,
at the highest
48.4%
from to
$398,727
April and
of 2017
and up 20.0% from
compared
April of in 2017
2016.
600
3 Mo Avg
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
15
16
17
18
0
250
240
230
220
210
200
190
180
170
160
150
10
10
20
20
30
30
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 April 2018 Selling Price per Square Foot of $207 was up
6.4% from $195 last month and up 16.0% from 179 in April of
last year.
40
40
50
50
3 Mo Avg
60
60
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
Number of Properties Sold
70
were at their highest level compared to April of 2017 and 2016.
April YTD sales of 225 are running 30.8% ahead of last year's
year-to-date sales of 172.
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
15
16
17
18
80
April Property sales were 69, up 32.7% from 52 in April of 2017
and 1.5% higher than the 68 sales last month. April 2018 sales
Property
Sales
were at their
highest level compared to April of 2017 and 2016. 80
April
sales
69, running
up 32.7% 30.8%
from 52
in April
of 2017
April Property
YTD sales
of were
225 are
ahead
of last
year's
70
and
1.5% higher
than of the
68 sales last month. April 2018 sales
year-to-date
sales
172.
12%
$199
5%
8%
-36%
7.1 -31%
-7%
Number
of 93.3%
Properties
.1%
1% Sold -0%
0
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
20
Asking Price per Square Foot (based on New Listings)
40
April Month's Supply of Inventory
60
April Average Days on Market (Solds)
2%
8%
8%
-7%
-0%
April Sold Price per Square Foot
31% 11%
-9% 12%
6%
5%
2%
-31%
8%
1%
90
74
80
April Number of Properties Sold
12%
225
3%
101
3%
$204
225
31%
12%
$199
101
-9%
-36%
7.1
$204
6%
.1%
9 3.3%
100
Asking Price per Square Foot (based on New Listings)
$426,000
$517,802
-9%
116
120
Total Properties Currently for Sale (Inventory)
3%
140
April Average Days on Market (Solds)
11%
12%
3 Mo Avg
160
April Average Sales Price
$517,802
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 April was 90, down 19.6% from
112 days last month and down 22.4% from 116 days in April of
last year. The April 2018 DOM was at a mid level compared
with April of 2017 and 2016.
April
Sales
Price
April Median
Number
of Properties
Sold
Trending versus*:
YTD
Prior YTD 12%
Prior Year
$426,000
12%
28%
Days On Market for Sold Properties
Market Time
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Title
Phone
Website
Other
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Agent Name
Community Information | School District
Trending versus*:
Prior YTD Prior Year
YTD
April 2018
Lakewood Ranch
Average List Price of all Current Listings
City: Lakewood Ranch
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
Market Action Report
Price Range: All | Properties: SFH - Con
City: Lakewood Ranch
April 2018
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
15
16
17
18
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 Association of REAL
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.
c o l dw el l b a n k er h o m es . 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.