FL ARCHIVED March 2017 | Page 39

Market Action Report March 2017
Community Information | School District
Market Action Report March 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
$ 216,000
7 %
17 %
Average List Price of all Current Listings
$ 267,636
6 %
15 %
March Median Sales Price
$ 172,000
5 %
2 %
11 %
7 %
$ 169,000
13 %
5 %
March Average Sales Price
$ 184,232
0 %
2 %
8 %
4 %
$ 182,409
10 %
3 %
Total Properties Currently for Sale ( Inventory )
813
-3%
-13%
March Number of Properties Sold
296
24 %
-4%
764
1 %
March Average Days on Market ( Solds )
62
-5%
-5% -23%
-5%
63
-15%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 109
4 %
3 %
11 %
7 %
$ 107
10 %
5 %
March Sold Price per Square Foot
$ 100
2 %
2 %
9 %
6 %
$ 98
10 %
4 %
March Month ' s Supply of Inventory
2.7 -22% -17% -10% -18%
3.3
-15%
-1%
March Sale Price vs List Price Ratio
95.3 %
. 1 %
. 3 %
1.6 %
. 1 %
95.1 %
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 March Property sales were 296 , down 3.6 % from 307 in March of 2016 and 24.4 % higher than the 238 sales last month . March 300 Property 2017 sales
Sales were at a mid level compared to March of 2016 and 350 March Property sales were 296 , down 3.6 % from 307 in March 2015 . March YTD sales of 764 are running 1.5 % ahead of last 250 of 2016 and 24.4 % higher than the 238 sales last month . March 300 year ' s year-to-date sales of 753 . 2017 sales were at a mid level compared to March of 2016 and 200 2015 . March YTD sales of 764 are running 1.5 % ahead of last 250 year ' s year-to-date sales of 753 .
150
200

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

100
150 100 50 0
50
Number of Properties Sold
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
14
15
16
17
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
15
Median Sales Price and 16Average Sales Price
17
3 Mo Avg
Median Sales Price and Average Sales Price
262 264 234 231 231 220 261 190 252 182 205 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 230 238 296
A
14
262 264 234 231 231 220
Prices
The Median Sales Price in March was $ 172,000 , up 11.0 % from
Prices
$ 155,000 in March of 2016 and up 5.1 % from $ 163,700 last
The month Median . The Sales Average Price Sales in March Price was in $ March 172,000 was , up $ 11.0 184,232 % from , up
200
$
8.1 155,000 % from in $ March 170,441 of 2016 in March and up of 2016 5.1 % from and up $ 163,700 0.3 % from last month . The Average Sales Price in March was $ 184,232 , up
190
$ 183,707 last month . March 2017 ASP was at the highest level
8.1 % from $ 170,441 in March of 2016 and up 0.3 % from
180 compared to March of 2016 and 2015 .
$ 183,707 last month . March 2017 ASP was at the highest level
170 compared to March 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
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 M14J
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 M
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 March
The was Total 813 , Inventory down 3.1 % of from Properties 839 last available month for and sale down as of 13.0 March % from
1,400 was 813 , down 3.1 % from 839 last month and down 13.0 % from
1,400
934 in March of last year . March 2017 Inventory was at its
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
934 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at . its
1,200
6.0 lowest level compared with March of 2016 and 2015 .
1,000
1,000
5.0
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 March 2017 MSI of 2.7
400
2.0 higher MSI is better for buyers . The March 2017 MSI of 2.7 months was at its lowest level compared with March of 2016 and
200 months was at its lowest level compared with March of 2016 and
200
1.0
2015
2015 .
.
0
0
0.0
A
M AJ
MJ AJ
SJ OA NS DO JN FDMJ
AFMM J
AJ MA JS JO AN SD OJ
NF MD AJ
MF MJ
JA AM SJ
OJ NAD S J
OF NM
D J
F M
14
14
15
15
16
16
17
17
5.0
4.0
3.0
2.0
1.0
0.0
261 190 252
1,158 1,146 1,146 1,186 1,218 1,220 1,188 1,166 1,118 182 205
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
281 283 297 313 301 277 253 255 208 261 221 225
1,128 1,140 1,098 1,114 1,067 1,073 1,048 1,003 1,022 1,035 1,024 955 980 953 934
3 Mo Avg
1,003 1,022 1,035 1,024 955 980 953 934 921 916 915 949 976 968 914 903 863 841 839 813
307 277 280 306 300 302 301 280 283
921 916 915 949 976 968 914 903 863
293 841
3 Mo Avg
230 238
839 813
296
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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