FL ARCHIVED April 2018 | Page 132

Market Action Report
April 2018
West
Palm
Beach
Market Action Report
City: West 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
$249,900
0%
1%
Other
$460,100 Trending
3% versus*:
-13%
Month
LM 6%
L3M 7%
PYM 20%
LY
$220,000
$249,900
0% 6% 4%
1% 16%
$292,481
$460,100 1,997
3% -4% -13% -14%
$220,000 375
6% -4%
7% 20% -9%
18%
$292,481 6%
4%
16%
19%
72 -11% -5% -3%
1,997 -4%
-14%
$184 1% 0% 13%
375 -4%
-9%
$166 7% 6% 14%
72 -11% -5% -3% -3%
5.3 0% -14% -5%
$184 1% 0% 13% 4%
92.6% .3% .0% -.1%
$166 7% 6% 14%
* 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
5.3 0% -14% -5%
April Sale Price vs List Price Ratio
92.6% .3% .0% -.1%
12%
$157
10%
6%
-15%
6.4
1%
2%
Number
of 92.6%
Properties
-.2%
-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
600
April Property sales were 375, down 9.4% from 414 in April of
2017 and 3.8% lower than the 390 sales last month. April 2018
500
Property
sales were Sales
at their lowest level compared to April of 2017 and 600
April
Property
sales sales
were of
375,
down
from 10.9%
414 in behind
April of last
2016.
April YTD
1,355
are 9.4%
running
400
2017
and
3.8% lower than
390 sales last month. April 2018
year's
year-to-date
sales the
of 1,520.
500
300
280
260
240
220
200
180
160
140
120
100
3 Mo Avg
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
94%
94%
93%
92.7%
92.5%
93%
92.6%
8.0
6.0
4.0
2.0
16
17
18
8.0
6.0
4.0
2.0
0.0
1,500
2,000
2,500
10.0
10.0
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 604, down 1.3% from 612 last month
and down 5.8% from 641 in April of last year.
18
Total Inventory & Month's Supply of Inventory (MSI)
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
.
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
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
of a Seller's market. The April 2018 Selling Price vs Original
List Price of 92.6% was up from 92.3% last month and down
from 92.7% in April of last year.
17
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
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
16
Total Inventory & Month's Supply of Inventory (MSI)
1,800
1,800
129
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
1,900
1,900
146
90%
2,000
2,000
166
91%
2,100
3 Mo Avg
91%
2,100
132 | c
349
3 Mo Avg
2,200
200
190
180
170
160
150
140
130
120
110
100
92%
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
2,400
was Total
1,997,
down 3.7%
from 2,074
last month
and
13.6%
The
Inventory
of Properties
available
for sale
as down
of April
from
2,312
in April
last 2,074
year. last
April
2018 and
Inventory
was at its 2,400 2,300
was
1,997,
down
3.7% of
from
month
down 13.6%
from
2,312
in April
of last with
year. April
April of 2018
was at its
lowest
level
compared
2017 Inventory
and 2016.
2,300
2,200
lowest level compared with April of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a
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 direc tion of Property values.
The April 2018 Selling Price per Square Foot of $166 was up
7.2% from $155 last month and up 13.7% from 146 in April of
last year.
92%
15
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2018
MSI while
of 5.3 a
higher
MSI
is better
for level
buyers.
The April
2018
MSI of of 2017
5.3 and
months
was
at a mid
compared
with
April
months
2016. was at a mid level compared with April of 2017 and
2016.
365
Median Sales Price and Average Sales Price
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
Inventory & MSI
Selling Price per Square Foot
Selling Price per Square Foot
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
3 Mo Avg
15
16
17
18
Prices
240
220
200
180
160
140
120
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
15
16
17
18
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
0
0
100
$277,220 last month. April 2018 ASP was at the highest level
compared to April of 2017 and 2016.
200 100
The Median Sales Price in April was $220,000, up 19.6% from
Prices
$184,000 in April of 2017 and up 5.8% from $208,000 last
The
Median
Sales
Price Sales
in April
was in
$220,000,
19.6% from
month.
The
Average
Price
April was up
$292,481,
up
300
$184,000
in April
of 2017
last
15.5% from
$253,201
in and
April up of 5.8%
2017 from
and $208,000
up 5.5% from
month.
The last
Average
Sales
Price
in April
up level 280
$277,220
month.
April
2018
ASP was
was $292,481,
at the highest
260
15.5%
from $253,201
April and
of 2017
and up 5.5% from
compared
to April of in 2017
2016.
0
200
300
10
300
400
20
3 Mo Avg
Number of Properties Sold
sales were at their lowest level compared to April of 2017 and
2016. April YTD sales of 1,355 are running 10.9% behind last
year's year-to-date sales of 1,520.
30
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
40
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
3%
4%
6%
2%
-0%
60
April Sold Price per Square Foot
April Average Days on Market (Solds)
-11% 10%
3% 14%
4%
$184
-1%
1,355 -11%
12%
$157
10%
76
3%
3%
-15%
6.4
1%
$184
-1%
4%
-.2%
92.6%
-0%
72
50
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
$205,000 1,355
21%
$280,816
15%
-3%
76
74
70
Total Properties Currently for Sale (Inventory)
15%
77
80
April Average Days on Market (Solds)
10%
14%
90
April Average Sales Price
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 72, down 11.1% from 81
days last month and down 2.7% from 74 days in April of last
year. The April 2018 DOM was at its lowest level compared with
April of 2017 and 2016.
3 Mo Avg
100
April
Sales
Price
April Median
Number
of Properties
Sold
$280,816
Days On Market for Sold Properties
Market Time
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
Trending versus*:
YTD
Prior YTD 21%
Prior Year
$205,000
18%
19%
Community Information | School District
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
Price Range: All | Properties: SFH - Con
YTD
April 2018
West Palm Beach
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
City: West Palm Beach
April 2018
Community Information | School District
City: West Palm Beach
Market Action Report
1,000
500
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.
.
| 133
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
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board
of o
REALTORS,
REALTORS,
of REALTORS
and estate
may
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
c Coast
l Association
d w e Emerald
l b Coast
a n Association
k e r Association
h of o
me
s Pensacola
c o and
m Association
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 REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
of l REALTORS,
Pensacola
of REALTORS
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 es tate real
transaction.