Lakewood Monthly Market Update – Condominium/Townhome

Lakewood Condominium/Townhome (Attached)

Information provided by IRES and Metrolist Information Services.

 

(Attached Dwelling – % Under Contract)

 

ATTACHED DWELLINGS Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
UNDER $250k                   52% 60% 66% 40%
$250K-$500K                   59% 52% 59% 57%
ABOVE + $500k                   35% 41% 45% 50%
OVERALL % U/C                   55% 54% 57% 51%

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    219 213 194 150

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    84 82 102 82

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                      2.6 2.17 1.74

 

YTD Comparison

Lakewood ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 1054 1112 -5.5%
Average Sales Price $250,695 $283,102 +12.9%
Median Sales Price $238,250 $265,000 +11.23%
Average Days to Contract 20 23 +15%