FL ARCHIVED February 2017 | Page 164

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

County : Lake

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
$ 259,900
4 %
13 %
Average List Price of all Current Listings
$ 348,775
4 %
17 %
February Median Sales Price
$ 205,000
6 %
3 %
21 %
8 %
$ 197,990
14 %
4 %
February Average Sales Price
$ 216,253
4 %
2 %
15 %
4 %
$ 212,547
10 %
2 %
Total Properties Currently for Sale ( Inventory )
1,808
-8%
-21%
February Number of Properties Sold
422
1 %
-4%
839
2 %
February Average Days on Market ( Solds )
84
14 %
12 %
2 %
14 %
79
0 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 121
-4%
-1%
8 %
3 %
$ 124
10 %
6 %
February Sold Price per Square Foot
$ 110
2 %
1 %
12 %
5 %
$ 109
10 %
4 %
February Month ' s Supply of Inventory
4.3
-9%
0 %
-18%
4 %
4.5
-20%
9 %
February Sale Price vs List Price Ratio
94.9 %
. 6 %
. 3 %
1.7 %
. 4 %
94.6 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
February Property sales were 422 , down 4.1 % from 440 in
February of 2016 and 1.2 % higher than the 417 sales last month .
600
Property
February 2017 Sales sales were at their lowest level compared to
700
February Property of 2016 sales and 2015 were . 422 February , down 4.1 YTD % from sales 440 of 839 in are
500
February running of 1.82016 % ahead and 1.2 of % last higher year ' than s year-to-date the 417 sales sales last of month 824 ..
February 2017 sales were at their lowest level compared to
600
400
February of 2016 and 2015 . February YTD sales of 839 are
500
running 1.8 % ahead of last year ' s year-to-date sales of 824 .
300
400
200
300
200
100

Lake County

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
100
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
14
15
16
17
Prices
The Median Sales Price in February was $ 205,000 , up 20.6 %
Prices from $ 170,000 in February of 2016 and up 5.7 % from $ 194,000
The last Median month Sales . The Price Average in February Sales Price was in $ 205,000 February , up was 20.6 $ 216,253 % ,
250 from up 14.9 $ 170,000 % from in $ February 188,254 in of February 2016 and of up 2016 5.7 % and from up $ 194,000 3.6 % from last month . The Average Sales Price in February was $ 216,253 ,
240
$ 208,796 last month . February 2017 ASP was at the highest up 14.9 % from $ 188,254 in February of 2016 and up 3.6 % from
230 level compared to February of 2016 and 2015 .
$ 208,796 last month . February 2017 ASP was at the highest
220 level compared to February of 2016 and 2015 .
210
200
190
180
170
160
150
M
A M J
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
14
15
16
17
3 Mo Avg
250
Median Sales Price and Average Sales Price
240
3 Mo Avg
230
220
210
200
190
180
170
160
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
14 M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
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
February Total Inventory was 1,808 of , Properties down 8.1 % available from 1,967 for sale last as month of and
3,000
February down 21.0 was % 1,808 from , 2,290 down 8.1 in February % from 1,967 of last year month . February and 2017
3,000
9.0
2,500 down
Inventory 21.0 % was from at 2,290 its lowest in February level compared of last year with . February 2017 of
8.0
2,500
Inventory
2016 and was 2015 at . its lowest level compared with February of
2,000
7.0
2016 and 2015 .
2,000
6.0
1,500
5.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
3.0 higher MSI is better for buyers . The February 2017 MSI of 4.3 higher MSI is better for buyers . The February 2017 MSI of 4.3
500
2.0 months was at its lowest level compared with February of 2016
500 months was at its lowest level compared with February of 2016
1.0 and 2015 .
0 and 2015 .
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
A J
F M A M J
F M A M J
F
14
15
16
17
468 469 522 503 479 491 456 466 427 540 354 467 577 585 571 581 616 546 555 504 380 517 384 440 529 552 604 625 575 617 549 471 458 530 417 422
2,705 2,716 2,685 2,671 2,720 2,778 2,845 2,852 2,806 2,736 2,708 2,613 2,539 2,488 2,444 2,374 2,336
M
14
468 469 522 503 479 491 456 466 427
2,705 2,716 2,685 2,671 2,720 2,778 2,845 2,852 2,806
J A S O N D J
15
540 354
Number of Properties Sold
467 577 585 571 581 616 546 555 504
2,281 2,320 2,329 2,362 2,275 2,302 2,290 2,270 2,165 2,056 2,058 1,935 2,017 2,080 2,117
J A S O N D J
16
380 517 384
2,736 2,708 2,613 2,539 2,488 2,444 2,374 2,336 2,281 2,320 2,329 2,362 2,275 2,302 2,290 440 529 552 604 625 575 617
2,094 2,010 1,967
1,808
J A S O N D J 17
3 Mo Avg
549 471 458
2,270 2,165 2,056 2,058 1,935 2,017 2,080 2,117 2,094 2,010
3 Mo Avg
530 417
1,967 1,808
422
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
164 | c o l d w e l l b a n k e r h o m e s . c o m
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 .