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.