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Country Club East Market Update May 2023

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Mark Boehmig Realtor, GRI, CLHMS (941)807-6936 markboehmig@michaelsaunders.com MarkitSoldFL.com

COUNTRY CLUB EAST Published: June 2023* Property Types: All Res. Proptype - All Property Statuses Price Range: $0 - No Limit SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit

May 2023 was a Seller's market! The number of for sale listings was up 400% from one year earlier and up 25% from the previous month. The number of sold listings increased 33.3% year over year and increased 14.3% month over month. The number of under contract listings was down 14.3% compared to previous month and down 50% compared to previous year. The Months of Inventory based on Closed Sales was 1.3, up 300% from the previous year. The Average Sold Price per Square Footage was down 13.9% compared to previous month and down 24.3% compared to last year. The Median Sold Price decreased by 18.6% from last month. The Average Sold Price also decreased by 32.9% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating". The Average Days on Market showed a neutral trend, an increase of 73.7% compared to previous year. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 6% compared to previous year.

It was a Seller's Market Property Sales (Sold) May property sales were 8, up 33.3% from 6 in May of 2022 and 14.3% higher than the 7 sales last month. Current Inventory (For Sale) Versus last year, the total number of properties available this month was higher by 8 units of 400%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 25% compared to the previous month. Property Under Contract (Pended) There was a decrease of 14.3% in the pended properties in May, with 6 properties versus 7 last month. This month's pended property sales were 50% lower than at this time last year. All reports are published June 2023, based on data available at the end of May 2023, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


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Country Club East Market Update May 2023 by Mark Boehmig - Issuu