FL ARCHIVED October 2016 | Page 39

Market Action Report

City: Lakeland

Lakeland
Agent Name

October 2016

Title
Phone
Agent
Name
Website
TitleOther

Community Information | School District

Price Range: All | Properties: SFH - Con

Phone
Website
Month
Other
$199,900

Market Profile & Trends Overview
Median
Price
all Current Listings
Price Range: AllList
| Properties:
SFHof
- Con

LM

Trending versus*:
L3M PYM
LY

0%
15%
$253,337 Trending
1% versus*:
16%
Month
LM 0%
L3M -1%
PYM 13%
LY
$165,000
$199,900
0% 6% 2%
15% 15%
$186,341
$253,337 1%
16%
871 -8%
-16%
$165,000 0% -1% 13% 14%
280 -7%
10%
$186,341 6% 2% 15% 16%
55 -4% -5% -19%
871 -8%
-16%
$106
-4% 1%
12%
280 -7%
10%
$98
4%
1%
55 -4% -5% -19% 15%
-28%
$106 3.1
-4% -1%
1% -1%
12% -23%
15%
$9895.2%
4% -.8%
1% -.9%
15% 1.9%
17%

Average List Price of all Current Listings

Market
Trends
Overview
OctoberProfile
Median&Sales
Price
Median List Price of all Current Listings

October Average Sales Price

Average List Price of all Current Listings

Total Properties Currently for Sale (Inventory)

October Median Sales Price

October Number of Properties Sold

October Average Sales Price

October Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking Price per Square Foot (based on New Listings)

October Number of Properties Sold

October Sold Price per Square Foot

October Average Days on Market (Solds)

October
Month's
Supply
of (based
Inventory
Asking
Price
per Square
Foot
on New Listings)
OctoberSold
SalePrice
Price
vsSquare
List Price
October
per
FootRatio

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date

October Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales

350
October Property sales were 280, up 9.8% from 255 in October
of 2015 and 6.7% lower than the 300 sales last month. October
300
Property
2016 salesSales
were at their highest level compared to October of 350
October Property sales were 280, up 9.8% from 255 in October
250
2015 and 2014. October YTD sales of 2,797 are running 5.7%
of 2015 and 6.7% lower than the 300 sales last month. October
300
ahead of last year's year-to-date sales of 2,647.
2016 sales were at their highest level compared to October of
200

$160,000
11%
2,797
$175,575
10%

10%

6%
9%
-28%
66 -13%
15% 2,797 $102
11%
6%
17%
$93
66 -13% 12%-13%
-26% $102
3.4
11% -19%11%
2.2% $93 95.2%
12% 2%11%

-13%
11%
11%
-19%
2%
3 Mo Avg

Number of Properties Sold

3 Mo Avg

250

150

160
150
140
130
120
110
100

13

280

300

302

300

306

280

277

307

224

221

261

208

255

253

277

301

313

297

283

281

205

182

252

190

261

220

231

231

264

262

234

280

300

302

300

306

280

277

307

221

261

208

255

253

277

301

313

297

283

281

205

182

252

190

261

220

231

231

234

264

262

221

180

Median Sales Price and Average Sales Price

3 Mo Avg
3 Mo Avg

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 M J J A S O

16M J J A S O
N D 13J F 14
M A M J J A S O N D J F M15A M J J A S O N D J F M A
13
14
15
16

Inventory & MSI

Total Inventory & Month's Supply of Inventory (MSI)

Total Inventory & Month's Supply of Inventory (MSI)

1,181
1,203
1,181
1,198
1,185
1,203
1,181
1,198
1,159
1,185
1,147
1,181
1,147
1,159
1,187
1,147
1,219
1,147
1,221
1,187
1,189
1,219
1,167
1,221
1,119
1,189
1,129
1,167
1,141
1,119
1,099
1,129
1,115
1,0681,141
1,099
1,074
1,0481,115
1,068
1,003
1,021
1,074
1,032
1,048
1,021
1,003
951
1,021
977
1,032
951
1,021
932
951
917
977
911
951
908
932
939
917
962
911
946
871908

Inventory
& MSI of Properties available for sale as of
The Total Inventory
1,400
The
Total Inventory
of Properties
available
for month
sale as of
October
was 871, down
7.9% from
946 last
and down
1,400
October
was 871,
down
7.9% from
and 2016
down
15.6% from
1,032
in October
of 946
last last
year.month
October
1,200
15.6%
from 1,032
October
lastcompared
year. October
1,200
Inventory
was atinits
lowestof
level
with2016
October of 2015
Inventory
was at its lowest level compared with October of 2015 1,0001,000
and 2014.
800
and 2014.
800

Median Sales
Price and Average Sales
Price
15
16

14

200
190
180
170
160
150
140
130
120
110
100

600

600
A comparatively lower MSI is more beneficial for sellers while a
400
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The October 2016 MSI of 3.1 400
higher MSI is better for buyers. The October 2016 MSI of 3.1
months was at its lowest level compared with October of 2015 200 200
months was at its lowest level compared with October of 2015
0
and2014.
2014.
0
and
N D
13

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0

939
962
946
871

Prices

166

171

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 M J J A S O
13
14
15
16
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 M J J A S O

0

The Median Sales Price in October was $165,000, up 13.0%
Prices
from $146,000 in October of 2015 and equal to $165,000 last
The
Median
Sales
Price Sales
in October
$165,000,
up$186,341,
13.0%
month.
The
Average
Pricewas
in October
was
up 200
from
$146,000
in October
of 2015 and
equaland
to $165,000
last
14.6%
from $162,531
in October
of 2015
up 6.4% from
190
month.
The
Average
Sales
Price
in
October
was
$186,341,
up
$175,069 last month. October 2016 ASP was at the highest level
180
14.6% from $162,531 in October of 2015 and up 6.4% from
compared to October of 2015 and 2014.
170

221

0

180

50

166

50

204

100

171

100

204

200
150

$175,069 last month. October 2016 ASP was at the highest level
compared to October of 2015 and 2014.

Trending versus*:
Prior YTD 11%
Prior Year 10%
14% YTD
$160,000
16%
$175,575
10%
9%

3.1 -1% -1% -23% -26%
3.4 -19%
-19%
Number of95.2%
Properties
95.2% -.8% -.9% 1.9% 2.2%
2% Sold 2%

October Month's Supply of Inventory

2015 and 2014. October YTD sales of 2,797 are running 5.7%
ahead of last year's year-to-date sales of 2,647.

Trending versus*:
Prior YTD Prior Year

YTD

224

Market Action Report

City: Lakeland

October 2016

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0

NJ D
J AF M
M JA JM AJ S J OAN SDOJ NF DM JA FM MJ AJ M
F M
A SJ OJ NA DS JO FN MD AJ MF JMJ AAMS JO J A S O
13
15
16
14 14
15
16

Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
RealReal
Estate
/ Coldwell
Banker
United,
Realtors
| Price| Range:
All | Property
Types: SFH
- Con

c o l dw el l b a n k er h o m es.c o m

| 39

Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
FloridaMLS,
Regional
MLS,
Board of REALTORS,
REALTORSofAssociation
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
FortFort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County,County,
Miami Association
of REALTORS,
My FloridaMy
Regional
Naples
AreaNaples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
notnot
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
sellerortoseller
verifytoany
and any
all information
relevant torelevant
such consumer’s
real estate real
transaction.
does
warrant
or guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.