FL ARCHIVED February 2017 | Page 39

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

City : Lakeland

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
$ 209,000
4 %
13 %
Average List Price of all Current Listings
$ 258,765
1 %
14 %
February Median Sales Price
$ 164,900
-0%
-2%
7 %
2 %
$ 164,950
10 %
3 %
February Average Sales Price
$ 184,334
3 %
1 %
11 %
4 %
$ 181,747
11 %
3 %
Total Properties Currently for Sale ( Inventory )
790
-4%
-17%
February Number of Properties Sold
237
3 %
5 %
468
5 %
February Average Days on Market ( Solds )
65
3 %
2 %
-7%
0 %
64
-6%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 106
0 %
1 %
9 %
4 %
$ 106
9 %
4 %
February Sold Price per Square Foot
$ 98
1 %
0 %
12 %
4 %
$ 98
13 %
4 %
February Month ' s Supply of Inventory
3.3
-7%
2 %
-21%
-1%
3.5
-20%
3 %
February Sale Price vs List Price Ratio
95.1 %
. 2 %
-. 2 % 1.5 %
-. 1 %
95.0 %
2 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350 February Property sales were 237 , up 5.3 % from 225 in February of 2016 and 2.6 % higher than the 231 sales last month . 300 Property February 2017
Sales sales were at their highest level compared to 350 February Property sales were 237 , up 5.3 % from 225 in February of 2016 and 2015 . February YTD sales of 468 are 250 February of 2016 and 2.6 % higher than the 231 sales last month . 300 running 4.9 % ahead of last year ' s year-to-date sales of 446 . February 2017 sales were at their highest level compared to
200
February of 2016 and 2015 . February YTD sales of 468 are 250 running 4.9 % ahead of last year ' s year-to-date sales of 446 .
150
200

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

100
150 100 50 0
50
Number of Properties Sold
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
14
15
16
17
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
Median
15 Sales Price and Average
16 Sales Price
17
3 Mo Avg
Median Sales Price and Average Sales Price
221 262 264 234 231 231 220 261 190 252 182 205 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 292 231 237
M
14
221 262 264 234 231 231
Prices
The Median Sales Price in February was $ 164,900 , up 7.1 % from
Prices
$ 153,900 in February of 2016 and down 0.1 % from $ 165,000
The last Median month Sales . The Price Average in February Sales Price was in $ 164,900 February , up was 7.1 % $ 184,334 from
200 ,
$ up 153,900 11.1 % in from February $ 165,967 of 2016 in February and down of 0.1 2016 % from and $ up 165,000 2.9 % from last month . The Average Sales Price in February was $ 184,334 ,
190
$ 179,093 last month . February 2017 ASP was at the highest up 11.1 % from $ 165,967 in February of 2016 and up 2.9 % from
180 level compared to February of 2016 and 2015 .
$ 179,093 last month . February 2017 ASP was at the highest
170 level compared to February of 2016 and 2015 .
160
150
200
190
180
170
160
150
140
3 Mo Avg
140
130
130
120
120
110
110
100
100
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 M15A 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
The
February Total Inventory was 790 , of down Properties 4.4 % from available 826 for last sale month as of and down
1,400
February was 790 , down 4.4 % from 826 last month and down
1,400
17.1 % from 953 in February of last year . February 2017
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
17.1
Inventory % from 953 was in at February its lowest of level last year compared . February with 2017 February of
1,200
6.0
Inventory
2016 and was 2015 at . its lowest level compared with February of
1,000
1,000
5.0
2016 and 2015 .
800
800
4.0
600
600
3.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The February 2017 MSI of 3.3
400
2.0 higher MSI is better for buyers . The February 2017 MSI of 3.3 months was at its lowest level compared with February of 2016
200 months was at its lowest level compared with February of 2016
200
1.0 and and 2015
2015 .
.
0
0
0.0
M
A
M AJ
MJ AJ
SJ OA NS DO JN FDM JA FM MJ
AJ MA JS JO AN DS OJ
NF MD AJ
MF JM JA AM SJ
OJNAD SJ
OF N D J
F
14
14
15
15
16
16
17
17
5.0
4.0
3.0
2.0
1.0
0.0
220 261 190
1,180 1,158 1,146 1,146 1,186 1,218 1,220 1,188 1,166 252 182
1,180 1,158 1,146 1,146 1,186 1,218 1,220 1,188 1,166 1,118 1,128 1,140 1,098 1,114 1,067 1,073 1,048
Number of Properties Sold
205 281 283 297 313 301 277 253 255 208 261 221
1,118 1,128 1,140 1,098 1,114 1,067 1,073 1,048 1,003 1,022 1,035 1,024 955 980 953 225 307 277 280 306 300 302
3 Mo Avg
301
1,003 1,022 1,035 1,024 955 980 953 934 920 915 914 948 974 964 910 897 854 826 790 280 283
934 920 915 914 948 974 964 910 897 854
3 Mo Avg
292 231
826 790
237
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 .
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