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Lakewood Ranch Country Club Market Report June 2024

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

LAKEWOOD RANCH COUNTRY CLUB Published: July 2024* 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

June 2024 was a Neutral market! The number of for sale listings was up 120% from one year earlier and up 22.2% from the previous month. The number of sold listings decreased 45.5% year over year and the same month over month. The number of under contract listings was down 76.9% compared to previous month and down 80% compared to previous year. The Months of Inventory based on Closed Sales was 3.7, up 308% from the previous year. The Average Sold Price per Square Footage was down 0.9% compared to previous month and down 9.6% compared to last year. The Median Sold Price increased by 70.4% from last month. The Average Sold Price also increased by 6.6% 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, a decrease of 17.2% compared to previous year. The ratio of Sold Price vs. Original List Price was 84%, a decrease of 9.7% compared to previous year.

It was a Neutral Market Property Sales (Sold) June property sales were 12, down 45.5% from 22 in June of 2023 and the same as sales last month. Current Inventory (For Sale) Versus last year, the total number of properties available this month was higher by 24 units of 120%. 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 22.2% compared to the previous month. Property Under Contract (Pended) There was a decrease of 76.9% in the pended properties in June, with 3 properties versus 13 last month. This month's pended property sales were 80% lower than at this time last year. All reports are published July 2024, based on data available at the end of June 2024, 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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