FL ARCHIVED April 2017 | Page 130
Market Action Report
City: Palm Beach
April 2017
Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
April 2017
City: Palm Beach Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$1,257,500
5%
33%
Other
$3,978,852 Trending
8% versus*: 8%
Trending versus*:
Month
LM 140%
L3M 80%
PYM 156%
LY 151% YTD
Prior YTD 45%
Prior Year
$1,482,500
$825,000
$1,257,500
5% 144% 49%
33% 90% 102% $2,446,900
$3,653,396
43%
$3,978,852 428
8% -9%
8% -11%
$1,482,500 140%
80%
156%
151%
$825,000
45% -7% 40%
41 -15%
-15%
140
$3,653,396 144%
49%
90%
102%
$2,446,900
43% 0% 35%
136 -20% -9% -27% -8%
150
428 -9%
-11%
$825 -7% 5% 10% 6%
$789
-4%
41 -15%
-15%
140
-7%
$810 32% 22% 71% 42%
$664
30%
136 -20% -9% -27% -8%
150
0%
1%
10.4 6% -15% 4% -29%
14.5
-1%
$825 -7% 5% 10% 6%
$789
-4%
1%
87.0% .3% -.5% 2.5% -.1%
87.5%
-0%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
$810 32% 22% 71%
10.4 6% -15% 4%
87.0% .3% -.5% 2.5%
April Month's Supply of Inventory
April Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
80
April Property sales were 41, down 14.6% from 48 in April of
70
2016 and 14.6% lower than the 48 sales last month. April 2017
Property
sales were Sales
at their lowest level compared to April of 2016 and 80
60
April
Property
sales sales
were of
41, 140
down
from
48 in
April of
2015.
April YTD
are 14.6%
running
7.3%
behind
last year's
70
2016
and
14.6%
lower
than
the
48
sales
last
month.
April
2017
year-to-date sales of 151.
50
Prices
31
33
0
14
The Median Sales Price in April was $1,482,500, up 155.6%
3,700
Prices
from $580,000 in April of 2016 and up 140.1% from $617,500
The
in April
was
$1,482,500,
up 155.6%
last Median
month. Sales
The Price
Average
Sales
Price
in April was
$3,653,396, up 3,200
3,700
from
$580,000
in April of in
2016
and
140.1%
from
$617,500
90.5%
from $1,917,984
April
of up
2016
and up
144.1%
from
last
month. The
April was
was at $3,653,396,
$1,496,958
last Average
month. Sales
April Price
2017 in ASP
the highest up
level 3,200 2,700
15
16
Median Sales Price and Average Sales Price
28
33
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
0
10
10
20
20
3 Mo Avg
30
30
3 Mo Avg
Number of Properties Sold
40
1%
1%
16%
-1%
0%
40
sales were at their lowest level compared to April of 2016 and
60
2015. April YTD sales of 140 are running 7.3% behind last year's
year-to-date sales of 151.
50
40%
35%
42%
$664
30%
16%
-29%
14.5
-1%
-1%
Number
of 87.5%
Properties
-.1%
-0% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
90.5%
from to
$1,917,984
in April
of 2015.
2016 and up 144.1% from
compared
April of 2016
and
$1,496,958 last month. April 2017 ASP was at the highest level
compared to April of 2016 and 2015.
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
3 Mo Avg
17
3 Mo Avg
2,700 2,200
2,200 1,700
1,700 1,200
1,200 700
700 200
Inventory & MSI
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15 A M J J A S O N D J F M 16
M J 14
J A S O N D J F M
A M J J A S O N D J F M A 17
14
15
16
17
400
300
A comparatively lower MSI is more beneficial for sellers while a
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
600
was Total
428, Inventory
down 9.1%
from 471 last
month for
and
down
The
of Properties
available
sale
as of 11.4%
April from
483 428,
in April
last from
year. 471
April
Inventory
at its
lowest 600 500
was
down of
9.1%
last 2017
month
and down was
11.4%
from
483
in compared
April of last with
year. April
April
was at its lowest
level
of 2017
2016 Inventory
and 2015.
500
400
level compared with April of 2016 and 2015.
300
200
30.0
25.0
200
20.0
15.0
10.0
A higher
comparatively
lower MSI
is more The
beneficial
sellers
a 200
MSI is better
for buyers.
April for
2017
MSI while
of 10.4
100
higher
MSI
is better
for buyers.
April 2017
MSI
of 10.4
months
was
at its highest
level The
compared
with
April
of 2016 and
100
5.0
months
0
2015. was at its highest level compared with April of 2016 and
0
0.0
2015.
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
14
15
16
17
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
130 | c
.
25.0
20.0
15.0
10.0
5.0
0.0
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
Data
is is
provided
courtesy
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.