FL ARCHIVED February 2017 | Page 52

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

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
$ 499,000
0 %
4 %
Average List Price of all Current Listings
$ 669,824
2 %
5 %
February Median Sales Price
$ 432,500
18 %
11 %
5 %
14 %
$ 386,335
2 %
2 %
February Average Sales Price
$ 605,980
-5%
21 %
26 %
29 %
$ 619,419
34 %
32 %
Total Properties Currently for Sale ( Inventory )
414
1 %
30 %
February Number of Properties Sold
38
31 %
-10%
67
-15%
February Average Days on Market ( Solds )
150
61 %
46 % 178 % 83 %
125
79 %
52 %
Asking Price per Square Foot ( based on New Listings )
$ 210
0 %
-1%
2 %
2 %
$ 210
3 %
2 %
February Sold Price per Square Foot
$ 202
-2%
7 %
8 %
10 %
$ 204
10 %
11 %
February Month ' s Supply of Inventory
10.9 -23% -1%
44 %
63 %
12.5
60 %
87 %
February Sale Price vs List Price Ratio
91.6 % -1.9% -2.4% -4.1% -2.5%
92.4 %
-4%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Lakewood Agent Name Ranch Title Phone Website Other

Community Information | School District

Property Sales
80
February Property sales were 38 , down 9.5 % from 42 in
February of 2016 and 31.0 % higher than the 29 sales last month .
70
Number of Properties Sold
3 Mo Avg
Property
February 2017 Sales sales were at their lowest level compared to
February Property of 2016 sales and 2015 were . 38 February , down 9.5 YTD % from sales 42 of in 67 are
February running of 15.2 2016 % behind and 31.0 last % higher year ' s than year-to-date the 29 sales sales last of month 79 . .
February 2017 sales were at their lowest level compared to
February of 2016 and 2015 . February YTD sales of 67 are running 15.2 % behind last year ' s year-to-date sales of 79 .
80
70
60
50
60
50
40
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
14
15
16
17
M
A M J
Prices
14
The Median Sales Price in February was $ 432,500 , up 5.5 %
700
Prices from $ 410,000 in February of 2016 and up 17.5 % from
The
$ 368,000 Median last Sales month Price . in The February Average was Sales $ 432,500 Price , in up February 5.5 % was
650
700 from
$ 605,980 $ 410,000 , up in 26.3 February % from of $ 2016 479,630 and in up February 17.5 % from of 2016 and
600
$ 368,000 last month . The Average Sales Price in February was
650 down 4.9 % from $ 637,028 last month . February 2017 ASP was
550
$ at 605,980 the highest , up 26.3 level % from compared $ 479,630 to February in February of 2016 of 2016 and and 2015 .
600
500 down 4.9 % from $ 637,028 last month . February 2017 ASP was
550 at the highest level compared to February of 2016 and 2015 .
450
500
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
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
450
400
400
350
350
300
300
250
250
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
The
February Total Inventory was 414 , of up Properties 1.5 % from available 408 last for month sale as and of up 30.2 %
February from 318 was in February 414 , up 1.5 of % last from year 408 . last February month 2017 and up Inventory 30.2 % was
450 from at its 318 highest in February level compared of last year with . February 2017 of Inventory 2016 and was 2015 .
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
14.0
at its highest level compared with February of 2016 and 2015 .
350
300
12.0
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The February 2017 MSI of 10.9 higher MSI is better for buyers . The February 2017 MSI of 10.9
100 months was at its highest level compared with February of 2016 months was at its highest level compared with February of 2016
50 and 2015 . and 2015 .
0
250
200
150
100
50
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
10.0
8.0
6.0
4.0
2.0
0.0
J A S O N D J
F
18 20 22 24 28 39 26 40 27 52 42 39 75 57 57 76 73 52 39 49 42 62 37 42 56 49 62 52 67 62 52 41 53 45 29 38
93
M 14
98 18
93 84
20
123 98
A M J
14
22 24 28
84 135
155 123
135 174 39 26 40
155 214
174 217 225
27
214 249 217
J A S O N D J 15
52 225
241
259 42 39
249
240 241
212 259
211
240 212 214
212
213 211
235 212
245 214
230 213
235 296
245 318
230 344
296 355
353 318
343 344 312 355
303 353
303
343 341 312 365 303 369 303 408 341 414 365
F M A M J 15
Number of Properties Sold
75 57 57 76 73 52 39
J A S O N D J
16
49 42 62 37 42
F M A M J
16
56 49 62 52 67 62
J A S O N D J 17
52
F
41 369
53 408
17
3 Mo Avg
45
414 29 38
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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 .