Mark’s Minute

Mark Boehmig

Realtor, GRI, CLHMS

(941)807-6936 markboehmig@michaelsaunders.com

MarkitSoldFL.com

Lakewood Ranch Country Club East

Published: April 2023*

Property Types: All Res. Proptype - All Properties - All Properties - All Property Statuses

Price Range: $0 - No

March 2023 was a Seller's market! The number of for sale listings was up 200% from one year earlier and down 45.5% from the previous month. The number of sold listings increased 50% year over year and increased 200% month over month. The number of under contract listings was up 450% compared to previous month and up 57.1% compared to previous year. The Months of Inventory based on Closed Sales was 1, up 100% from the previous year.

The Average Sold Price per Square Footage was down 9.2% compared to previous month and down 6.3% compared to last year. The Median Sold Price decreased by 40.8% from last month. The Average Sold Price also decreased by 27.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".

The Average Days on Market showed a upward trend, an increase of 633.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 84%, a decrease of 17.6% compared to previous year.

It was a Seller's Market

Property Sales (Sold)

March property sales were 6, up 50% from 4 in March of 2022 and 200% higher than the 2 sales last month.

Current Inventory (For Sale)

Versus last year, the total number of properties available this month was higher by 4 units of 200%. 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 down 45.5% compared to the previous month.

Property Under Contract (Pended)

There was an increase of 450% in the pended properties in March, with 11 properties versus 2 last month. This month's pended property sales were 57.1% higher than at this time last year.

Mark Boehmig

Realtor,

GRI, CLHMS

(941)807-6936 markboehmig@michaelsaunders.com

MarkitSoldFL.com