Market Action Report April 2017
WEST PALM BEACH
City : West Palm Beach
Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Trending versus *: |
Trending versus *: |
Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
Prior YTD |
Prior Year |
Median List Price of all Current Listings |
$ 1,972,500 |
-5% |
|
16 % |
|
|
|
|
Average List Price of all Current Listings |
$ 3,418,681 |
2 % |
|
48 % |
|
|
|
|
April Median Sales Price |
$ 1,485,000 |
-26% -3% |
10 % |
10 % |
$ 1,525,000 |
0 % |
13 % |
April Average Sales Price |
$ 1,509,175 |
-33% -21% -8% |
-8% |
$ 1,912,121 |
6 % |
16 % |
Total Properties Currently for Sale ( Inventory ) |
182 |
-7% |
27 % |
|
|
April Number of Properties Sold |
10 |
67 % |
-9% |
31 |
3 % |
April Average Days on Market ( Solds ) |
115 -23% -23% -29% -40% |
150 |
4 % |
-22% |
Asking Price per Square Foot ( based on New Listings ) |
$ 502 |
-60% -43% -42% -29% |
$ 884 |
42 % |
24 % |
April Sold Price per Square Foot |
$ 453 |
-25% -10% -7% |
-7% |
$ 504 |
-10% |
3 % |
April Month ' s Supply of Inventory |
18.2 -44% -35% 40 % |
-28% |
25.0 |
19 % |
-2% |
April Sale Price vs List Price Ratio |
88.2 % |
. 3 % |
1.2 % -2.3% |
. 9 % |
87.2 % |
-3% |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales |
12 |
April Property sales were 10 , down 9.1 % from 11 in April of 2016 |
and 66.7 % higher than the 6 sales last month . April 2017 sales were at a mid level compared to April of 2016 and 2015 . April |
10 |
|
Property
YTD sales of Sales 31 are running 3.3 % ahead of last year ' s year-todate Property sales of 30 sales . were 10 , down 9.1 % from 11 in April of 2016
April
|
128 |
and 66.7 % higher than the 6 sales last month . April 2017 sales were at a mid level compared to April of 2016 and 2015 . April |
106 |
YTD sales of 31 are running 3.3 % ahead of last year ' s year-todate sales of 30 . |
84 |
Prices The Median Sales Price in April was $ 1,485,000 , up 10.0 % from $ 1,350,000 in April of 2016 and down 26.2 % from $ 2,012,500 last month . The Average Sales Price in April was $ 1,509,175 ,
Prices down 8.3 % from $ 1,645,455 in April of 2016 and down 32.6 % The from
Median $ 2,237,500
Sales Price last month in April . April was $ 2017 1,485,000
ASP was , up at 10.0 the % lowest from
$ level 1,350,000 compared in April to April of 2016 of 2016 and and down
2015 26.2
.
% from $ 2,012,500 last month . The Average Sales Price in April was $ 1,509,175 , down 8.3 % from $ 1,645,455 in April of 2016 and down 32.6 % from $ 2,237,500 last month . April 2017 ASP was at the lowest level compared to April of 2016 and 2015 .
Inventory & MSI The Total Inventory of Properties available for sale as of April was 182 , down 7.1 % from 196 last month and up 27.3 % from 143 in April of last year . April 2017 Inventory was at its highest level compared with April of 2016 and 2015 .
Inventory & MSI The Total Inventory of Properties available for sale as of April was 182 , down 7.1 % from 196 last month and up 27.3 % from 143 in April of last year . April 2017 Inventory was at its highest level A comparatively lower MSI is more beneficial for sellers while a compared with April of 2016 and 2015 . higher MSI is better for buyers . The April 2017 MSI of 18.2 months was at its highest level compared with April of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2017 MSI of 18.2 months was at its highest level compared with April of 2016 and 2015 .
62
6
Number of Properties Sold
40 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
2 14 15
16 17
Median Sales Price and Average Sales Price
3 Mo Avg 0
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 2,600
14 15
16 17
2,400 Median Sales Price and Average Sales Price
2,200
3 Mo Avg
2,000 2,600 1,800 2,400 1,600 2,200 1,400 2,000 1,200 1,800 1,000 1,600
7
6 7
11 11
Agent Name
Title Phone Website Other
2 6 1 2 9 2
89 80 79 78 84 91 92 94 100
2 6 1 2 9 2 5 10
Number of Properties Sold
7 7 7 10
109 114 108 109 110 108 102 111
127
3 6 4 3 4 6 5 8
139 142 141 144 147 143 138 133 125 122 131 140 152 154 161 165
0
0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 M J and J Up A | SProperty O NTypes D : J SFH F - MConA M J J A S O N D J F M A M J J A S O N D J F M A Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami 14 Association of REALTORS 15 , My Florida Regional MLS , Naples Area Board of 16 REALTORS , REALTORS Association of the Palm 17Beaches , Space Coast Association of REAL does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
110 | coldwellbankerluxury . com
5 10 7 7 7 10 3 6 4 3 4 6 5 8 11 11 5 6 3 7 7 3 5
11 11 5 6 3 7 7 3 5
10 10
196 182
3 Mo Avg
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 |
1,400 |
14 |
15 |
16 |
17 |
1,200 |
|
|
|
|
1,000 |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
250 |
M
14
|
J |
J |
A S O N D
J
F M A M J
15
|
J |
A S O N D
J
F M A M J
16
|
J |
A S O N D
J
F M A
100.0
17
|
200 |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
150 |
|
|
|
|
|
|
|
|
250 |
|
|
|
|
|
|
|
|
100 |
|
|
|
|
|
|
|
|
200 |
|
|
|
|
|
|
|
|
50 |
|
|
|
|
|
|
|
|
150 |
|
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
100 |
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 |
50 |
14 |
|
15 |
|
16 |
|
17 |
|
89 80 79 78 84 91 92 94 100 109 114 108 109 110 108 102 111 127 139 142 141 144 147 143 138 133 125 122 131 140 152 154 161 165
5
196 182
3 Mo Avg
6
5 6
10
10
80.0 60.0 100.0
40.0 80.0
20.0 60.0
0.0 40.0
20.0