FL ARCHIVED February 2018 | Page 102

Market Action Report February 2018
Community Information | School District
Market Action Report February 2018

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
$ 509,900
6 %
6 %
Average List Price of all Current Listings
$ 675,358
2 %
4 %
February Median Sales Price
$ 399,708
-8%
4 %
-8%
4 %
$ 413,208
7 %
7 %
February Average Sales Price
$ 486,043
4 %
10 % -20%
5 %
$ 479,287
-23%
4 %
Total Properties Currently for Sale ( Inventory )
359
-5%
-15%
February Number of Properties Sold
54
59 %
42 %
88
28 %
February Average Days on Market ( Solds )
105
9 %
8 %
-30%
6 %
101
-17%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 215
3 %
3 %
5 %
7 %
$ 211
4 %
5 %
February Sold Price per Square Foot
$ 200
8 %
7 %
-1%
8 %
$ 195
-4%
5 %
February Month ' s Supply of Inventory
6.6 -40% -17% -40% -11%
8.9
-27%
19 %
February Sale Price vs List Price Ratio
94.0 %
. 2 %
-. 3 % 2.6 %
. 7 %
93.9 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date

Lakewood Agent Name Ranch Title Phone Website Other

Community Information | School District

Property Sales
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 .
70
Number of Properties Sold
3 Mo Avg
Property
February 2018 Sales sales were at their highest level compared to
February Property of 2017 sales and 2016 were . 54 February , up 42.1 % YTD from sales 38 in of February 88 are of running 2017 and 27.5 58.8 %% ahead higher of than last year the 34 ' s year-to-date sales last month sales . of 69 .
February 2018 sales were at their highest level compared to
February of 2017 and 2016 . February YTD sales of 88 are
80
70
60
60
50
40
running 27.5 % ahead of last year ' s year-to-date sales of 69 .
50
30
40
20
30
10
20
0
10
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
0
15
16
17
18
M
A M J
Prices
15
The Median Sales Price in February was $ 399,708 , down 7.6 %
700
Prices from $ 432,500 in February of 2017 and down 8.1 % from
The
$ 435,000 Median last Sales month Price . in The February Average was Sales $ 399,708 Price , in down February 7.6 % was
650
700 from
$ 486,043 $ 432,500 , down in February 19.8 % from of 2017 $ 605,980 and down in February 8.1 % from of 2017 and
600
$ up 435,000 3.7 % from last month $ 468,556 . The last Average month Sales . February Price in February 2018 ASP was was at
650 a
$ mid 486,043 range , down compared 19.8 % to from February $ 605,980 of 2017 in February and 2016 of 2017 . and
550
600
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
up 3.7 % from $ 468,556 last month . February 2018 ASP was at a mid range compared to February of 2017 and 2016 .
550
500
500
450
450
400
400
350
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 62 55 62 52 55 34 54
350
300
300
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 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
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 359 , of down Properties 4.5 % from available 376 for last sale month as of and down
February
14.9 % from was 422 359 , in down February 4.5 % from of last 376 year last . month February and 2018 down
500
14.9
Inventory % from 422 was in at February a mid level of last compared year . February with February 2018 of 2017
400
Inventory and 2016 was . at a mid level compared with February of 2017 and 2016 .
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 February for sellers 2018 MSI while of a 6.6 higher months MSI was is better at its lowest for buyers level . The compared February with 2018 February MSI of 6.6 of
2017100 months and 2016 was
. at its lowest level compared with February of 2017 and 2016 .
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
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 D J
F
15
16
17
18
15
16
17
18
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
258 239
75 258 211
57 239
210 57 76 73 52 39 49 42
211 211
213 210
212 211
234 213
244 212 230
234 296 244
62
318 344
230 38 42
Number of Properties Sold
56 49 62 52 67 62 52 41 53
296 355 318 353
344 343
355
312 303
353
303 343
342 312
303 365
303 368
342 408
365 422
368 438
405 408
394 422
381 438 378 405
361 394
333 381
333 378
356 361
353 333 376 333 359
356
46 31 38 51 52 75 61 58 62 55 62
353 52
376
3 Mo Avg
55
359 34 54
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 .