FL ARCHIVED April 2018 | Page 116

Market Action Report April 2018 Palm Beach County Market Action Report County: Palm Beach Agent Name Title Phone Agent Name Website Title Other Price Range: All | Properties: SFH - Con Phone Month Website Trending versus*: LM L3M PYM LY $379,900 1% 4% Other $896,935 Trending -1% versus*: 4% Month LM 0% L3M 2% PYM 9% LY $286,000 $379,900 1% 4% 5% 4% 21% $503,643 $896,935 -1% -2% 4% -9% 13,132 $286,000 2,590 0% -2% 2% 9% -4% 7% $503,643 4% 5% 21% 25% 80 4% 3% 4% 13,132 -2% -9% $227 -3% -4% 8% 2,590 -2% -4% $215 1% 3% 15% 80 4% 3% 4% 5% 5.1 -0% -13% -6% $227 -3% -4% 8% 2% 92.1% -.5% -.3% -.3% $215 1% 3% 15% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date April Month's Supply of Inventory 5.1 -0% -13% -6% April Sale Price vs List Price Ratio 92.1% -.5% -.3% -.3% 16% $208 14% 12% -16% 6.3 -3% 5% Number of 92.4% Properties -.5% -0% Sold -0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 3,500 April Property sales were 2,590, down 3.9% from 2,696 in April of 2017 and 1.7% lower than the 2,636 sales last month. April 3,000 Property 2018 sales Sales were at their lowest level compared to April of 2017 3,500 April sales were 2,590, down 3.9% from 2,696 in behind Apr il 2,500 and Property 2016. April YTD sales of 8,843 are running 5.7% of last 2017 and 1.7% lower than the of 2,636 sales last month. April 3,000 year's year-to-date sales 9,375. 2,000 2018 sales were at their lowest level compared to April of 2017 68 66 64 62 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 18 Number of Properties Sold 3 Mo Avg The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2018 Selling Price per Square Foot of $215 was up 1.5% from $212 last month and up 15.1% from 187 in April of last year. 2,500 1,500 2,000 1,000 600 3 Mo Avg 500 92% 450 400 92% 400 350 92.4% 92.1% 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 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 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 15 16 17 18 15 16 17 18 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 10,000 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 12,000 Total Inventory & Month's Supply of Inventory (MSI) 14,000 18 17 16,000 16 Total Inventory & Month's Supply of Inventory (MSI) Inventory / New Listings / Sales Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2018 was 3,722, down 5.3% from 3,930 last month and down 5.3% from 3,932 in April of last year. 15 . 92.8% 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 16 A M J J A S O N D J F M 17 M J 15 J A S O N D J F M A M J J A S O N D J F M A 18 The Total Inventory Inventory & MSI of Properties available for sale as of April 16,000 was Total 13,132, down 1.9% from 13,388 last for month The Inventory of Properties available sale and as of down April 9.5% 16,000 14,000 from 14,510 in April last 13,388 year. last April 2018 and Inventory was at its was 13,132, down 1.9% of from month down 9.5% from 14,510 April of last year. April lowest level in compared with April of 2018 2017 Inventory and 2016. was at its 14,000 12,000 lowest level compared with April of 2017 and 2016. 12,000 10,000 10,000 8,000 8,000 6,000 A comparatively lower MSI is more beneficial for sellers while a 6,000 4,000 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2018 MSI while of 5.1 a higher MSI is better for buyers. April 2018 of of 5.1 2017 and 4,000 2,000 months was at its lowest level The compared with MSI April 2,000 months 0 2016. was at its lowest level compared with April of 2017 and 116 | c 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 15 16 17 18 250 200 0 Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month 91% 300 250 2016. 187 177 Selling Price vs Original Listings Price 350 300 Inventory & MSI 215 The Selling Price vs Original Listing Price reveals the average 94% amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more 94% of a Seller's market. The April 2018 Selling Price vs Original 93% List Price of 92.1% was down from 92.6% last month and down from 92.4% in April of last year. 93% 450 200 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 15 16 17 18 2,437 2,920 2,259 1,975 Median Sales Price and Average Sales Price 550 250 240 230 220 210 200 190 180 170 160 150 $485,200 last month. April 2018 ASP was at the highest level compared to April of 2017 and 2016. 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 18 M J J A S O N D J Median F M A M Sales J J A Price S O N and D J F Average M A M J Sales J A S Price O N D J F M A 3 Mo Avg 15 16 17 18 Prices The Median Sales Price in April was $286,000, up 9.0% from Prices $262,500 in April of 2017 and up 0.4% from $285,000 last The Median Sales Price Sales in April was in $286,000, 9.0% from up month. The Average Price April was up $503,643, 600 $262,500 in April of 2017 up of 0.4% last 21.0% from $416,278 in and April 2017 from and $285,000 up 3.8% from month. The last Average Sales April Price 2018 in April up level 550 $485,200 month. ASP was was $503,643, at the highest 21.0% from $416,278 April and of 2017 and up 3.8% from compared to April of in 2017 2016. 500 0 0 500 500 1,500 1,000 Selling Price per Square Foot Selling Price per Square Foot 3 Mo Avg and 2016. April YTD sales of 8,843 are running 5.7% behind last year's year-to-date sales of 9,375. 70 April Sale Price vs List Price Ratio April Sold Price per Square Foot 72 April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) 2% $236 8,843 -6% 16% $208 78 0% -16% 6.3 $236 6% -.5% 92.4% 3% 6% 12% 5% -0% 74 April Sold Price per Square Foot April Average Days on Market (Solds) -6% 4% 0% 19% 6% 14% 3% -3% 6% -0% 77 76 76 Asking Price per Square Foot (based on New Listings) April Number of Properties Sold $280,000 8,843 11% $478,877 17% 5% 78 78 Total Properties Currently for Sale (Inventory) Trending versus*: Prior YTD 11% Prior Year 4% 7% YTD $280,000 25% $478,877 17% 19% 80 80 April Average Days on Market (Solds) The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 80, up 3.9% from 77 days last month and up 3.9% from 77 days in April of last year. The April 2018 DOM was at a mid level compared with April of 2017 and 2016. 3 Mo Avg 82 April Average Sales Price Days On Market for Sold Properties Market Time April Sales Price April Median Number of Properties Sold Trending versus*: Prior YTD Prior Year YTD Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Community Information | School District Price Range: All | Properties: SFH - Con Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Title Phone Website Other Average List Price of all Current Listings Agent Name Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con April 2018 Palm Beach County County: Palm Beach April 2018 County: Palm Beach Community Information | School District Market Action Report 8,000 6,000 4,000 2,000 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 15 16 17 18 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | 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 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. . | 117 Data provided courtesy of Fort Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Association Flagler of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board c of o REALTORS, of REALTORS, of REALTORS and estate may o of l Greater d Greater w Fort el l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin l d w e Emerald l b Coast a n Association k e r Association h o m of e REALTORS s Pensacola c o and m Association Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin 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 REALTORS, County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal of Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of l REALTORS, Pensacola may not reflect all relevant 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.