Market Action Report
Lakewood Ranch
Agent Name
Market Action Report
Title
Phone
Agent
Name
Website
Other
Title
March 2017
Community Information | School District
City: Lakewood Ranch
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$489,450
-1%
1%
Other
$665,669 Trending
0% versus*: 5%
Month
LM -10%
L3M -1%
PYM 7%
LY
$387,500
$489,450
-1% -26% -13%
1% -18%
$448,883
$665,669 430
0% 2%
5% 25%
$387,500 -10%
-1%
2%
51 34% 7% -9%
$448,883 -26%
-13%
-18%
-4%
92 -39% -13% 16%
430 2%
25%
$196 -6% -3% -6%
51 34%
-9%
$179 -11% -6% -8%
92 -39% -13% 16% 14%
8.4 -24% -23% 37%
$196 -6% -3% -6% -4%
93.1% 1.6% -.3% -1.6%
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
March
Sales
Price
March Median
Number
of Properties
Sold
March Average Sales Price
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
$179 -11% -6% -8%
8.4 -24% -23% 37%
93.1% 1.6% -.3% -1.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / 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 (2016) / YTD = Year-to-date
Property
Sales
$546,793
2%
17%
10%
$386,918
$546,793
14%
3% -12% 2%
120
10%
109
49% 17%
$204
0%
120 -12%
$193
3%
109
49%
35%
10.9
52%
$204
0%
0%
92.8%
-3%
-4%
-3%
27%
-.9%
35%
0%
5%
64%
-1%
-3%
$193
3%
5%
27%
10.9
52%
64%
Number
of 92.8%
Properties
-.9%
-3% Sold -1%
3 Mo Avg
Number of Properties Sold
70
3 Mo Avg
60
50
60
40
50
30
40
20
30
Prices
The Median Sales Price in March was $387,500, up 6.8% from
Prices
$362,750 in March of 2016 and down 10.4% from $432,500
The
in March
$387,500,
6.8%
from
last Median
month. Sales
The Price
Average
Sales was
Price
in March up
was
$448,883,
700
$362,750
in March
2016 and in down
10.4%
from and
$432,500
down 18.0%
from of
$547,387
March
of 2016
down 25.9%
last
month.
The Average
Sales Price
in 2017
March
was was
$448,883,
from
$605,980
last month.
March
ASP
at the lowest 650
600
down
from to
$547,387
in 2016
March and
of 2016
level 18.0%
compared
March of
2015. and down 25.9%
550
500
450
14
700
650
73
15
16
Median Sales Price and Average Sales Price
62
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
A M J J A S O N D J Median
F M A M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
0
0
10
10
20
from $605,980 last month. March 2017 ASP was at the lowest
level compared to March of 2016 and 2015.
Trending versus*:
YTD
Prior YTD 3%
Prior Year
$386,918
2%
-4%
80
March Property sales were 51, down 8.9% from 56 in March of
2016 and 34.2% higher than the 38 sales last month. March
Property
2017 sales Sales
were at their lowest level compared to March of 2016
80
March
Property
sales
were
51, down
from 56 in
March
of
and 2015.
March
YTD
sales
of 120 8.9%
are running
11.8%
behind
70
2016
34.2%
higher than
the of 38 136.
sales last month. March
last and
year's
year-to-date
sales
2017 sales were at their lowest level compared to March of 2016
and 2015. March YTD sales of 120 are running 11.8% behind
last year's year-to-date sales of 136.
Trending versus*:
Prior YTD Prior Year
YTD
City: Lakewood Ranch
March 2017
3 Mo Avg
17
3 Mo Avg
600
550
500
450
400
400 350
350 300
300 250
Inventory & MSI
level compared with March of 2016 and 2015.
300
0
52 | c
14.0
14.0
300
200
A comparatively lower MSI is more beneficial for sellers while 200
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 8.4
100
higher
MSI
is better
for buyers.
March 2017
of 8.4
months
was
at its highest
level The
compared
with MSI
March
of 2016 100
months
was at its highest level compared with March of 2016
0
and 2015.
and 2015.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
500
was Total
430, Inventory
up 2.1% from
421 last available
month and
from 344
The
of Properties
for up
sale 25.0%
as of March
in March
last from
year. 421
March
2017 Inventory
was from
at its 344
highest 500
was
430, up of 2.1%
last month
and