Mark Boehmig
REALTOR, GRI, CLHM
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
Published: July 2023*
Property Types: Single Family Home - All Property Statuses
Price Range: $1,000,000$1,999,999 SQFT Range: 0 - No Limit Bedrooms: 0 -
June 2023 was a Seller's market! The number of for sale listings was the same as one year earlier and up 25.9% from the previous month. The number of sold listings decreased 35.3% year over year and increased 37.5% month over month. The number of under contract listings was down 50% compared to previous month and down 28.6% compared to previous year. The Months of Inventory based on Closed Sales was 1.5, up 50% from the previous year.
The Average Sold Price per Square Footage was up 7.5% compared to previous month and up 5.4% compared to last year. The Median Sold Price increased by 5.7% from last month. The Average Sold Price also increased by 12.6% 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 435.7% compared to previous year. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 2.1% compared to previous year.
It was a Seller's Market
Property Sales (Sold)
June property sales were 22, down 35.3% from 34 in June of 2022 and 37.5% higher than the 16 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was the same 34 units. This year's same inventory means that buyers who waited to buy may have the same selection to choose from. The number of current inventory was up 25.9% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 50% in the pended properties in June, with 10 properties versus 20 last month. This month's pended property sales were 28.6% lower than at this time last year.
Limit Full Baths: 0 - No Limit
Baths: 0 - No Limit Year Built: 0 - No Limit
No
Half
All reports are published July 2023, based on data available at the end of June 2023, except for the
stats. All reports
DBA
DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data
My
today’s
presented are based on data supplied by the My Florida Regional MLS
Stellar MLS. The My Florida Regional MLS
maintained by the
Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Mark Boehmig
REALTOR, GRI, CLHM
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The June 2023 Average Sold Price per Square Footage of $432 was up 7.5% from $402 last month and up 5.4% from $410 in June of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward Trend*
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 trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for June 2023 was 75, up 44.2% from 52 days last month and up 435.7% from 14 days in June of last year.
The Sold/Original List Price Ratio was Rising**
The Sold Price vs. Original List 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. This month Sold Price vs. Original List Price of 94% was the same as last month and down from 2.1% % in June of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
Published: July 2023* Property Types: Single Family Home - All Property Statuses Price Range: $1,000,000$1,999,999 SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHM
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
Published: July 2023*
Property Types: Single Family Home - All Property Statuses
Price Range: $1,000,000$1,999,999
The Average For Sale Price was Appreciating*
The Average For Sale Price in June was $1,374,000, down 0.5% from $1,381,000 in June of 2022 and up 3.8% from $1,324,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in June was $1,381,000, up 5.3% from $1,312,000 in June of 2022 and up 12.6% from $1,227,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in June was $1,250,000, up 2% from $1,225,000 in June of 2022 and up 5.7% from $1,183,000 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 June 2023 Months of Inventory based on Closed Sales of 1.5 was increased by 50% compared to last year and down 11.9% compared to last month. June 2023 was Seller's market.
Months of Inventory based on Pended Sales
The June 2023 Months of Inventory based on Pended Sales of 3.4 was increased by 41.2% compared to last year and up 148.1% compared to last month. June 2023 was Neutral market.
SQFT
Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Range: 0 - No Limit
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHM
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The June 2023 Absorption Rate based on Closed Sales of 64.7 was decreased by 35.3% compared to last year and up 9.1% compared to last month.
Absorption Rate based on Pended Sales
The June 2023 Absorption Rate based on Pended Sales of 29.4 was decreased by 28.7% compared to last year and down 60.3% compared to last month.
Published: July 2023* Property Types: Single Family Home - All Property Statuses Price Range: $1,000,000$1,999,999 SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
Published: July 2023*
Property Types: Single Family Home - All Property Statuses
June 2023 was a Buyer's market! The number of for sale listings was up 145.5% from one year earlier and up 35% from the previous month. The number of sold listings decreased 25% year over year and decreased 62.5% month over month. The number of under contract listings was up 500% compared to previous month and up 100% compared to previous year. The Months of Inventory based on Closed Sales was 9, up 225.5% from the previous year.
The Average Sold Price per Square Footage was down 22.8% compared to previous month and down 1.9% compared to last year. The Median Sold Price decreased by 9.6% from last month. The Average Sold Price also decreased by 12.9% 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 1,388.9% compared to previous year. The ratio of Sold Price vs. Original List Price was 89%, a decrease of 12.7% compared to previous year.
It was a Buyer's Market
Property Sales (Sold)
June property sales were 3, down 25% from 4 in June of 2022 and 62.5% lower than the 8 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 16 units of 145.5%. 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 35% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 500% in the pended properties in June, with 6 properties versus 1 last month. This month's pended property sales were 100% higher than at this time last year.
Limit SQFT
Limit
- No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Price Range: $2,000,000No
Range: 0 - No
Bedrooms: 0
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR,
GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The June 2023 Average Sold Price per Square Footage of $622 was down 22.8% from $806 last month and down 1.9% from $634 in June of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
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 trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for June 2023 was 134, up 1,575% from 8 days last month and up 1,388.9% from 9 days in June of last year.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List 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. This month Sold Price vs. Original List Price of 89% was down 6.3% % from last month and down from 12.7% % in June of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
Published: July 2023* Property Types: Single Family Home - All Property Statuses Price Range: $2,000,000No 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
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
The Average For Sale Price was Neutral*
The Average For Sale Price in June was $3,791,000, up 41.2% from $2,685,000 in June of 2022 and down 3.9% from $3,945,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in June was $2,447,000, up 13.2% from $2,162,000 in June of 2022 and down 12.9% from $2,811,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in June was $2,440,000, up 11.8% from $2,183,000 in June of 2022 and down 9.6% from $2,700,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Buyer'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 June 2023 Months of Inventory based on Closed Sales of 9 was increased by 225.5% compared to last year and up 260% compared to last month. June 2023 was Buyer's market.
Months of Inventory based on Pended Sales
The June 2023 Months of Inventory based on Pended Sales of 4.5 was increased by 21.8% compared to last year and down 77.5% compared to last month. June 2023 was Neutral market.
July 2023*
Types: Single Family Home - All Property Statuses
Range: $2,000,000No 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
Published:
Property
Price
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
Lakewood Ranch
It was a Buyer's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The June 2023 Absorption Rate based on Closed Sales of 11.1 was decreased by 69.6% compared to last year and down 72.2% compared to last month.
Absorption Rate based on Pended Sales
The June 2023 Absorption Rate based on Pended Sales of 22.2 was decreased by 18.7% compared to last year and up 344% compared to last month.
Published: July 2023* Property Types: Single Family Home - All Property Statuses Price Range: $2,000,000No 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
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
All Sarasota and Manatee MLS listings
Published: July 2023*
Property Types: Single Family Home - All Property Statuses
Price Range: $1,000,000$1,999,999 SQFT Range: 0 - No
June 2023 was a Neutral market! The number of for sale listings was up 27.8% from one year earlier and up 5.8% from the previous month. The number of sold listings decreased 5.5% year over year and decreased 9.6% month over month. The number of under contract listings was down 15.7% compared to previous month and up 17.2% compared to previous year. The Months of Inventory based on Closed Sales was 3.5, up 34.5% from the previous year.
The Average Sold Price per Square Footage was up 2.3% compared to previous month and up 7.5% compared to last year. The Median Sold Price decreased by 3.8% from last month. The Average Sold Price also decreased by 1.4% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a upward trend, an increase of 238.1% compared to previous year. The ratio of Sold Price vs. Original List Price was 91%, a decrease of 6.2% compared to previous year.
It was a Neutral Market
Property Sales (Sold)
June property sales were 103, down 5.5% from 109 in June of 2022 and 9.6% lower than the 114 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 79 units of 27.8%. 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 5.8% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 15.7% in the pended properties in June, with 75 properties versus 89 last month. This month's pended property sales were 17.2% higher than at this time last year.
Limit Bedrooms:
No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
0 -
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR,
GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
All Sarasota and Manatee MLS listings
Published: July 2023* Property
The Average Sold Price per Square Footage was Appreciating*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The June 2023 Average Sold Price per Square Footage of $490 was up 2.3% from $479 last month and up 7.5% from $456 in June of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward Trend*
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 trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for June 2023 was 71, up 31.5% from 54 days last month and up 238.1% from 21 days in June of last year.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List 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. This month Sold Price vs. Original List Price of 91% was up 1.1% % from last month and down from 6.2% % in June of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
Types: Single Family Home - All Property Statuses
Range: $1,000,000$1,999,999 SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Price
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
All Sarasota and Manatee MLS listings
Published: July 2023*
It was a Neutral Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The June 2023 Absorption Rate based on Closed Sales of 28.4 was decreased by 26.1% compared to last year and down 14.4% compared to last month.
Absorption Rate based on Pended Sales
The June 2023 Absorption Rate based on Pended Sales of 20.7 was decreased by 8% compared to last year and down 20% compared to last month.
Types: Single Family Home - All Property Statuses Price Range: $1,000,000$1,999,999 SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Property
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
All Sarasota and Manatee MLS listings
Published:
Property
June 2023 was a Buyer's market! The number of for sale listings was up 31.8% from one year earlier and up 5.2% from the previous month. The number of sold listings increased 20.9% year over year and decreased 8.8% month over month. The number of under contract listings was the same compared to previous month and up 23.5% compared to previous year. The Months of Inventory based on Closed Sales was 7.8, up 8.4% from the previous year.
The Average Sold Price per Square Footage was up 4.9% compared to previous month and down 6.4% compared to last year. The Median Sold Price decreased by 2.2% from last month. The Average Sold Price also increased by 4% 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 neutral trend, an increase of 335% compared to previous year. The ratio of Sold Price vs. Original List Price was 90%, a decrease of 6.2% compared to previous year.
It was a Buyer's Market
Property Sales (Sold)
June property sales were 52, up 20.9% from 43 in June of 2022 and 8.8% lower than the 57 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 98 units of 31.8%. 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 5.2% compared to the previous month.
Property Under Contract (Pended)
There was the same number of pended properties in June, 42 properties. This month's pended property sales were 23.5% higher than at this time last year.
July 2023*
Types: Single Family Home - All Property Statuses
Range: $2,000,000No Limit SQFT Range:
Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Price
0 - No
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR,
GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
All Sarasota and Manatee MLS listings
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The June 2023 Average Sold Price per Square Footage of $861 was up 4.9% from $821 last month and down 6.4% from $920 in June of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
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 trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for June 2023 was 87, up 16% from 75 days last month and up 335% from 20 days in June of last year.
The Sold/Original List Price Ratio was Rising**
The Sold Price vs. Original List 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. This month Sold Price vs. Original List Price of 90% was up 2.3% % from last month and down from 6.2% % in June of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
July
Property Types: Single Family Home - All Property Statuses Price Range: $2,000,000No 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
Published:
2023*
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
All Sarasota and Manatee MLS listings
Published: July 2023* Property
The Average For Sale Price was Neutral*
The Average For Sale Price in June was $4,672,000, up 3.6% from $4,508,000 in June of 2022 and down 0.6% from $4,701,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in June was $3,337,000, down 5.7% from $3,537,000 in June of 2022 and up 4% from $3,209,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in June was $2,737,000, up 3.3% from $2,650,000 in June of 2022 and down 2.2% from $2,800,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Buyer'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 June 2023 Months of Inventory based on Closed Sales of 7.8 was increased by 8.4% compared to last year and up 14.8% compared to last month. June 2023 was Buyer's market.
Months of Inventory based on Pended Sales
The June 2023 Months of Inventory based on Pended Sales of 9.7 was increased by 6.6% compared to last year and up 5.4% compared to last month. June 2023 was Buyer's market.
Types: Single Family Home - All Property Statuses Price Range: $2,000,000No 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
All reports are published July 2023, based on data available at the end of June 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.
Mark Boehmig
REALTOR, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
