Market Action Report February 2018 Title Market Action Report February 2018 Phone Community Information | School District Agent Name
County : Lee
Lee County
Agent Name
Market Action Report February 2018 Title Market Action Report February 2018 Phone Community Information | School District Agent Name
County : Lee
Website Price Range : All | Properties : SFH - Con
TitleOther
Phone Trending versus *: Trending versus *: Market Profile & Trends Overview Website Month LM L3M PYM LY YTD Prior YTD Prior Year Median List Price of all Current Listings $
Price Range : All | Properties : SFH - Con
Other 309,900 -0% 0 % Average List Price of all Current Listings $ 491,543 Trending -1% versus *: 2 %
Trending versus *: February Median Sales Price $ 230,310 0 % 1 % 2 % 1 % $ 230,000 2 % 1 % February Average Sales Price $ 309,900 $ 324,925 -9% 2 % 5 % 4 % $ 341,483 10 % 9 % Total Properties Currently for Sale ( Inventory ) $ 491,543 10,006 8 % 2 % February Number of Properties Sold
$ 230,3101,310 4 % 7 % $ 230,000 2,571 6 %
$ 324,925
$ 341,483 February Average Days on Market ( Solds ) 84 2 % 0 % -8% -1% 83 -6% -2%
10,006 Asking Price per Square Foot ( based on New Listings ) $ 196 -2% -3% 3 % 4 % $ 198 5 % 5 % 1,310
2,571 February Sold Price per Square Foot $ 172 -7% 2 % 4 % 3 % $ 179 7 % 7 % 84
83 February Month ' s Supply of Inventory 7.6 4 % 12 % -4% 28 % 7.5 -6% 26 %
$ 196
$ 198 February Sale Price vs List Price Ratio 94.0 % . 3 % -. 0 % . 3 % . 1 % 93.9 % -0% 0 % $ 172
$ 179
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
7.6 7.5
94.0 % Number of 93.9 Properties % Sold
* LM Property = Last Month / L3M Sales = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
2,500 February Property sales were 1,310 , up 6.7 % from 1,228 in
Number of Properties Sold
February of 2017 and 3.9 % higher than the 1,261 sales last Property month . February Sales 2018 sales were at their highest level 2,5002,000
February compared Property to February sales were of 2017 1,310 and , up 2016 6.7 %. from February 1,228 YTD in sales of February 2,571 are of running 2017 and 6.2 3.9 % ahead higher of than last the year 1,261 ' s year-to-date sales last sales of month February 2018 sales were at their highest level
2,0001,500
2,421 . compared to February of 2017 and 2016 . February YTD sales of 2,571 are running 6.2 % ahead of last year ' s year-to-date sales of
1,5001,000 2,421 .
1,000
500
500 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
0 15 16
17 18
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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg The Median Sales Price in February was $ 230,310 , up 2.4 %
400
Prices from $ 225,000 in February of 2017 and up 0.1 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 230,000 Median last Sales month Price . in The February Average was Sales $ 230,310 Price , up in February 2.4 % was
400 from $ 324,925 $ 225,000 , up 5.4 in February % from $ of 308,257 2017 and in February up 0.1 % from of 2017 and 350 $ down 230,000 9.4 last % from month $ 358,685 . The Average last month Sales . Price February in February 2018 ASP was was $ 324,925 , up 5.4 % from $ 308,257 in of 2017 and 350 at the highest level compared to February of 2017 and 2016 . 300 down 9.4 % from $ 358,685 last month . February 2018 ASP was
at the highest level compared to February of 2017 and 2016 . 300 250
250
200
1,949 2,040 1,870 1,910
1,949 2,040 1,870 1,910 1,723 1,466 1,496 1,443 1,158 1,562 1,147 1,172 1,631 1,814 1,798 1,661 1,442 1,510 1,372 1,294 1,311 1,469 1,193 1,228 1,967 1,737 1,904 1,757 1,457 1,542 972 1,204 1,159 1,496 1,261 1,310
200 150
150 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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 10,006 of Properties , up 8.5 % available from 9,225 for last sale month as of and up 12,000 February 2.3 % from was 9,780 10,006 in , February up 8.5 % from of last 9,225 year last . February month and 2018 up 12,000
9.0 10,000
2.3 Inventory % from 9,780 was at in its February highest of level last year compared . February with 2018 February of 8.0
10,000 Inventory 2017 and was 2016 at . its highest level compared with February of
8,000 7.0
2017 and 2016 . 8,000
6.0 6,000
5.0
6,000 A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
3.0 higher MSI is better for buyers . The February 2018 MSI of 7.6 higher MSI is better for buyers . The February 2018 MSI of 7.6 2,000
2.0 months was at a mid level compared with February of 2017 and 2,000 months was at a mid level compared with February of 2017 and
1.0 2016 .
0 2016 .
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
8,075 7,637 7,095 6,690 6,402 6,210 1,723 1,466 1,496 1,443
8,075 7,637 7,095 6,690 6,402 6,210 6,274 6,694
6,274 6,694 7,170 7,302
1,158
8,228
1,562 1,147 1,172
8,874 8,897 8,601 8,195
7,170 7,302
1,631 1,814 1,798 1,661 1,442 1,510
8,228 8,874 8,897 8,601 8,195 7,847 7,563 7,396 7,552
7,847 7,563 7,396 7,552 7,981 8,430 8,586 1,372 1,294 1,311 1,469
7,981 9,459
8,430 9,780
9,536 8,586
8,977 1,193 1,228 1,967 1,737 1,904 1,757 1,457
8,474 8,057 7,680 7,430 7,267 7,696 8,129 8,240
3 Mo Avg
1,542
9,459 9,780 9,536 8,977 8,474 8,057 7,680 7,430 7,267
972
9,225
10,006 1,204 1,159
7,696 8,129 8,240
3 Mo Avg
1,496 1,261
9,225 10,006
1,310
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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