FL ARCHIVED April 2017 | Page 98

Market Action Report
April 2017
BOCA
City: Boca Raton RATON
Agent Name
Market Action Report
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$1,950,000
3%
Other 1%
Community Information | School District
City: Boca Raton
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
$3,007,985 2% Trending versus*:
10%
Trending versus*:
$1,467,500
$1,700,000
1% YTD Prior
8% Year
Month -14%
LM -14%
L3M -14%
PYM -7%
LY
YTD
Prior
$2,324,882 -5%
1% $2,375,297
-5%
3%
$1,950,000
1% -2% -4%
3%
Total Properties
for Sale
(Inventory)
562 -2%
-10%
Average
List Price Currently
of all Current
Listings
$3,007,985
2%
10%
April Median
Number Sales
of Properties
Sold
34 -14%
-8% -14% -14%
-26% -7% $1,700,000
131
3%
April
Price
$1,467,500
1%
8%
April Average
Average Sales
Days Price
on Market (Solds)
153 -30%
180
-1%
5%
April
$2,324,882
-5% -15%
-2% -20%
-4% -11%
1% $2,375,297
-5%
3%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$550
12% 2% -10%
4% 6%
$540
6%
4%
Total
Properties
for Sale
(Inventory)
562 -2%
April Number
Sold Price
per Square Sold
Foot
$463
2% -2% -26%
-8% -3%
$471
-3%
-1%
April
of Properties
34 -8%
131
3%
April Average
Month's Days
Supply
Inventory
16.5
6% -15%
2% -20%
21% -11%
-24%
18.0
-17%
April
on of
Market
(Solds)
153 -30%
180 -13%
-1%
5%
April Sale
Price
List Price
87.2%
88.1%
0%
0%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$550 -1.7%
12% -1.0%
2% -.9%
4% -1.0%
6%
$540
6%
4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$463 2% -2% -8% -3%
$471
-3%
-1%
Number
April Month's Supply of Inventory
16.5 6% 2% 21%
-24% of Properties
18.0 Sold
-13%
-17%
Property
Sales
April
Sale Price
vs List Price Ratio
87.2% -1.7% -1.0% -.9% -1.0%
88.1%
0%
0%
50
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
3 Mo Avg
April Property
sales
were / 34,
down Month
26.1%
46 in April
of / YTD = Year-to-date
* LM=Last
Month / L3M=Last
3 Months
PYM=Same
Prior from
Year / LY=Last
Year (2016)
45
3 Mo Avg
17
31
Median Sales Price and Average Sales Price
5
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
15
30
10
25
5
20
0
15
25
40
20
35
10
Prices
Number of Properties Sold
40
35
50
30
45
2016 and 8.1% lower than the 37 sales last month. April 2017
sales were at their lowest level compared to April of 2016 and
2015. April Sales
YTD sales of 131 are running 3.1% ahead of last
Property
year's
year-to-date
April
Property
sales sales
were of
34, 127.
down 26.1% from 46 in April of
2016 and 8.1% lower than the 37 sales last month. April 2017
sales were at their lowest level compared to April of 2016 and
2015. April YTD sales of 131 are running 3.1% ahead of last
year's year-to-date sales of 127.
3 Mo Avg
0
3,300 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
3,100 14
15
16
17
2,900
Median Sales Price and Average Sales Price
3 Mo Avg
2,700
3,300
2,500
3,100
2,300
$1,700,000 last month. The Average Sales Price in April was
2,900
2,100
$2,324,882, down 3.8% from $2,417,379 in April of 2016 and
1,900
down 5.0% from $2,446,585 last month. April 2017 ASP was at 2,700
1,700
2,500
the lowest level compared to April of 2016 and 2015.
1,500
2,300
1,300
2,100
1,900 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
16
17
1,700 14
1,500
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
1,300
The Total Inventory of Properties available for sale as of April
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
50.0
was 562, down 2.3% from 575 last month and down 10.2% from 700
14
15
16
17
626 in April of last year. April 2017 Inventory was at a mid level 600
40.0
compared with April of 2016 and 2015.
500
The Median Sales Price in April was $1,467,500, down 14.3%
from $1,712,500 in April of 2016 and down 13.7% from
$1,700,000 last month. The Average Sales Price in April was
$2,324,882, down 3.8% from $2,417,379 in April of 2016 and
Prices
down
5.0% Sales
from $2,446,585
last
month.
April 2017
ASP
was at
The
Median
Price in April
was
$1,467,500,
down
14.3%
the lowest
level compared
April
of 2016
2015.
from
$1,712,500
in April of to
2016
and
down and
13.7%
from
400
700
300
600
200
500
100
400
0
300
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The April 2017 MSI of 16.5
months was at its highest level compared with April of 2016 and
2015. 200
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory of Properties available for sale as of April
was 562, down 2.3% from 575 last month and down 10.2% from
626 in April of last year. April 2017 Inventory was at a mid 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 16.5
months was at its highest level compared with April of 2016 and
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
14
15
16
17
100
30.0
50.0
20.0
40.0
10.0
30.0
0.0
20.0
10.0
0
0.0
M J J A S O N D J F M A M J J A S O N D J F M A
14 Associat ion of REALTORS, 15
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
My Florida Regional MLS, Naples Area Board of 16
REALTORS, REALTORS Association of the Palm 17
Beaches, Space Coast Association of REAL
M J and
J Up
A | S Property
O N Types:
D J SFH
F - M
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
Con A
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.
98 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REA
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.