FL ARCHIVED October 2016 | Page 53

Market Action Report

October 2016

Lakewood Ranch

City: Lakewood Ranch

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for October was 83, down 25.9% from
112 days last month and up 25.8% from 66 days in October of
last year. The October 2016 DOM was at a mid level compared
with October of 2015 and 2014.

3 Mo Avg

120
100
83

80

66

60

46

40
20
0
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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The October 2016 Selling Price per Square Foot of $176 was up
1.2% from $174 last month and down 2.4% from 181 in October
of last year.

200
195
190
185
180
175
170
165
160
155
150

3 Mo Avg

181
176

176

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The October 2016 Selling Price vs Original
List Price of 94.4% was up from 92.5% last month and up from
93.7% in October of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

102%
100%
98%

95.4%

96%

94.4%

93.7%

94%
92%
90%
88%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

135

123

98

245

353
313

304

343

312

354

343

230

235

214

213

212

212

211

259

249

241

174

84

93

98

83

50

71

100

101

150

155

214

200

225

250

240

296

300

318

350

352

400

217

This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in October 2016 was 102, up 25.9% from 81 last month and up
22.9% from 83 in October of last year.

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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 Association of REALTORS
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.

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

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