LWR CC Market Update November 2022

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Mark Boehmig Realtor, GRI, CLHMS (941)807-6936

LAKEWOOD RANCH COUNTRY CLUB

markboehmig@michaelsaunders.com MarkitSoldFL.com

Published: December 2022* Property Types: All Res. Proptype - All Properties - All Properties 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

November 2022 was a Neutral market! The number of for sale listings was up 425% from one year earlier and up 5% from the previous month. The number of sold listings decreased 28.6% year over year and decreased 44.4% month over month. The number of under contract listings was up 55.6% compared to previous month and up 40% compared to previous year. The Months of Inventory based on Closed Sales was 4.2, up 630% from the previous year.

The Average Sold Price per Square Footage was up 10.5% compared to previous month and up 17.9% compared to last year. The Median Sold Price increased by 3.8% from last month. The Average Sold Price also increased by 5.3% 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 53.5% compared to previous year. The ratio of Sold Price vs. Original List Price was 86%, a decrease of 10.4% compared to previous year.

It was a Neutral Market Property Sales (Sold) November property sales were 10, down 28.6% from 14 in November of 2021 and 44.4% lower than the 18 sales last month. Current Inventory (For Sale) Versus last year, the total number of properties available this month was higher by 34 units of 425%. 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% compared to the previous month. Property Under Contract (Pended) There was an increase of 55.6% in the pended properties in November, with 14 properties versus 9 last month. This month's pended property sales were 40% higher than at this time last year. All reports are published December 2022, based on data available at the end of November 2022, 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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