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Lakewood Ranch Country Club
Published: April 2023*
Property
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The Average For Sale Price was Neutral*
The Average For Sale Price in March was $1,171,000, down 16.7% from $1,405,000 in March of 2022 and up 3.4% from $1,132,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in March was $1,074,000, up 2.8% from $1,045,000 in March of 2022 and up 11.6% from $962,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in March was $778,000, down 4.2% from $812,000 in March of 2022 and down 13.1% from $895,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The March 2023 Months of Inventory based on Closed Sales of 2.6 was increased by 920% compared to last year and the same compared to last month. March 2023 was Seller's market.
Months of Inventory based on Pended Sales
The March 2023 Months of Inventory based on Pended Sales of 1.7 was increased by 420% compared to last year and down 49.4% compared to last month. March 2023 was Seller's market.
