FL ARCHIVED March 2018 | Page 38

City: Lakeland
Price Range: All | Properties: SFH - Con
Market Profile & Trends Overview
Median
Price
all Current Listings
Price Range: All List
| Properties:
SFH of
- Con
March Average Sales Price
March Number of Properties Sold
March Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
March Sold Price per Square Foot
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
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16
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March Sold
Sale Price
Price per
vs Square
List Price
March
Foot Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Month's Supply of Inventory
March 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
96%
Prices
94.9%
93.4%
92%
91%
compared to March of 2017 and 2016.
90%
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
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16
17
18
3 Mo Avg
3 Mo Avg
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
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16 A M J J A S O N D J F M 17
A M 15 J J A S O N D J F M
A M J J A S O N D J F M
15
16
17
18
Inventory & MSI
18
120 100
2,000
2,500
3,000
Median Sales Price and Average Sales Price
180 160
100
3,500
Sales Price and 17 Average Sales Price
140 120
4,500
4,000
Median
16
15
160 140
Inventory / New Listings / Sales
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 March 2018 was 1,238, up 11.5% from 1,110 last month and
down 2.4% from 1,269 in March of last year.
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
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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
The Median Sales Price in March was $192,500, up 11.9% from
Prices
$172,000 in March of 2017 and up 2.4% from $188,000 last
240
The
Median
Sales
Price Sales
in March
was
up $204,555,
11.9% from up
month.
The
Average
Price
in $192,500,
March was
$172,000
in
March
of
2017
and
up
2.4%
from
$188,000
last
240 220
11.1% from $184,160 in March of 2017 and up 2.7% from
month.
The last
Average
Sales
Price 2018
in March
up level
$199,097
month.
March
ASP was
was $204,555,
at the highest
220 200
11.1% from $184,160 in March of 2017 and up 2.7% from
compared to March of 2017 and 2016.
$199,097 last month. March 2018 ASP was at the highest level
200 180
93%
Inventory / New Listings / Sales
0
1,500
1,000
Inventory
& MSI of Properties available for sale as of March
The Total Inventory
The
of Properties
available
for and
sale down
as of 28.7%
March from 1,200
was Total
637, Inventory
down 11.4%
from 719 last
month
1,200
was
down 11.4%
719 March
last month
down 28.7%
893 637,
in March
of last from
year.
2018 and
Inventory
was at from
its
1,000
893
in March
of last year. with
March
2018 of Inventory
at its
lowest
level compared
March
2017 and was
2016.
1,000
lowest level compared with March of 2017 and 2016.
800
800
500
0
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
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600
A comparatively lower MSI is more beneficial for sellers while a
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
6.0
5.0
4.0
94%
0
50
50
96.0%
95%
100
100
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
150
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 M arch 2018 Selling Price vs Original
List Price of 96.0% was up from 95.5% last month and up from
94.9% in March of last year.
150
3 Mo Avg
200
Selling Price versus Listing Price Ratio
250
200
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
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Selling Price vs Original Listings Price
300
2018 sales were at their highest level compared to March of
2017 and 2016. March YTD sales of 735 are running 4.0%
behind last year's year-to-date sales of 766.
3 Mo Avg
Number of Properties Sold
97
89
400
March Property sales were 310, up 4.4% from 297 in March of
350
2017 and 30.3% higher than the 238 sales last month. March
Property
2018 sales Sales
were at their highest level compared to March of 400
300
March Property sales were 310, up 4.4% from 297 in March of
2017 and 2016. March YTD sales of 735 are running 4.0%
350
2017 and 30.3% higher than the 238 sales last month. March
behind last year's year-to-date sales of 766.
250
108
2.1 -32% -32% -32% -31%
3.0 -13%
1%
of 95.6%
Properties
95.8% .2% .4% .5% Number
.4%
1% Sold 0%
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
March Price
Month's
Supply Foot
of Inventory
Asking
per Square
(based on New Listings)
Selling Price per Square Foot
Selling Price per Square Foot
March Average Days on Market (Solds)
-2%
7%
5%
1%
0%
Total Properties Currently for Sale (Inventory)
10 20
March Number of Properties Sold
March Average Sales Price
30
Total Properties Currently for Sale (Inventory)
March Median Sales Price
Average List Price of all Current Listings
40
8%
5%
50
0
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 March 2018 Selling Price per Square Foot of $108 was up
2.7% from $105 last month and up 10.6% from 97 in March of
last year.
Market
Profile Sales
& Trends
March Median
Price Overview
Median List Price of all Current Listings
60
Trending versus*:
Prior YTD Prior Year
YTD
70
Trending versus*:
L3M PYM
LY
4%
24%
Trending versus*:
$305,067 Trending
5% versus*:
20%
Month
LM 2%
L3M 4%
PYM 12%
LY
Prior YTD 12%
Prior Year
$192,500
9% YTD
$189,900
$249,900
4% 3% 2%
24% 11% 6%
$204,555
$201,715
11%
$305,067 5%
20%
637 -11%
-29%
$192,500 2% 4% 12% 9%
$189,900
12%
8%
310 30%
4%
735
-4%
$204,555 3% 2% 11% 6%
$201,715
11%
5%
62 13% 7% 0% 5%
58
-8%
637 -11%
-29%
$119 1% 1%
12% 8%
$118
12%
310 30%
4%
735
-4%
$111
5%
3%
11%
8%
$108
62 13% 7% 0% 5%
58
-8% 10% -2%
2.1
-32%
-32%
-32%
-31%
3.0
$119 1% 1% 12% 8%
$118
12% -13% 7%
$111 95.8%
5% .2%
3% .4%
11% .5%
8% .4% $108 95.6%
10% 1% 5%
Average List Price of all Current Listings
80
73
76
LM
89
90
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 March was 73, up 7.4% from 68
days last month and down 3.9% from 76 days in March of last
year. The March 2018 DOM was at its lowest level compared
with March of 2017 and 2016.
100
Phone
Website
Month
Other
$249,900
3 Mo Avg
Days On Market for Sold Properties
Market Time
Community Information | School District
Price Range: All | Properties: SFH - Con
City: Lakeland
March 2018
Title
Phone
Agent
Name
Website
Title Other
Community Information | School District
Lakeland
Agent Name
Market Action Report
Title
Phone
Website
Other
March 2018
Agent Name
Polk County
Market Action Report
County: Polk
March 2018
Market Action Report
600
400
3.0
6.0
5.0
4.0
3.0
2.0
400
2.0
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The March 2018 MSI of 2.1
200
1.0
higher MSI is better for buyers. The March 2018 MSI of 2.1
200
1.0
months was at its lowest level compared with March of 2017 and
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
months was at its lowest level compared with March of 2017 and
0 Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant
0.0
2016. of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association,
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 REALTORS, Flagler County Association
0
0.0 real estate activity.
2016.
D A J M F M
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.
A M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
J J A A M S J O J N A D S J O F N M D J F M
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38 | 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
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
c o l dw el l b a n k er h o m es . c o m
| 39
C
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
Asso
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 REAL
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify t o any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
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.