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LAKEWOOD RANCH COUNTRY CLUB
Published: March 2023*
Property Types: All Res. Proptype - All Properties - All Properties - All Property Statuses
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The Average For Sale Price was Depreciating*
The Average For Sale Price in February was $998,000, down 18.1% from $1,219,000 in February of 2022 and down 5.1% from $1,052,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in February was $1,005,000, up 19.2% from $843,000 in February of 2022 and up 14.3% from $879,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in February was $895,000, up 46.7% from $610,000 in February of 2022 and up 12.6% from $795,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Neutral 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 February 2023 Months of Inventory based on Closed Sales of 3.6 was increased by 1,237.5% compared to last year and down 21.9% compared to last month. February 2023 was Neutral market.
Months of Inventory based on Pended Sales
The February 2023 Months of Inventory based on Pended Sales of 4.3 was increased by 1,947.5% compared to last year and up 127.5% compared to last month. February 2023 was Neutral market.
