FL ARCHIVED December 2017 | Page 116

Market Action Report December 2017
Community Information | School District
Market Action Report December 2017

County : Palm Beach

Price Range : All | 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
$ 375,000
0 %
7 %
Average List Price of all Current Listings
$ 900,442
0 %
9 %
December Median Sales Price
$ 280,000
2 %
2 %
9 %
12 %
$ 269,000
8 %
8 %
December Average Sales Price
$ 436,506
5 %
10 %
23 %
16 %
$ 401,684
7 %
7 %
Total Properties Currently for Sale ( Inventory )
12,550
-1%
-9%
December Number of Properties Sold
2,030
8 %
-10%
27,782
-3%
December Average Days on Market ( Solds )
73
-5%
-4%
-3%
-3%
76
1 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 238
-6%
-1%
10 %
14 %
$ 224
8 %
7 %
December Sold Price per Square Foot
$ 195
1 %
4 %
11 %
12 %
$ 185
7 %
6 %
December Month ' s Supply of Inventory
6.2
-9%
-5%
1 %
2 %
6.0
-1%
-1%
December Sale Price vs List Price Ratio
92.7 %
. 0 %
. 0 %
-. 5 %
-. 1 %
92.5 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 December Property sales were 2,030 , down 10.1 % from 2,259 in
December of 2016 and 7.8 % higher than the 1,883 sales last 3,000 Property month . December Sales 2017 sales were at their lowest level 3,500
December compared Property to December sales were of 2016 2,030 and , down 201510.1 . December % from 2,259 YTD in sales 2,500 December of 27,782 of are 2016 running and 7.8 2.8 %% higher behind than last the year 1,883 ' s year-to-date sales last sales 3,000 month of 28,574 . December . 2017 sales were at their lowest level
2,000 compared to December of 2016 and 2015 . December YTD sales 2,500 of 27,782 are running 2.8 % behind last year ' s year-to-date sales 1,500 of 28,574 .
2,000 1,000
1,500
500 1,000
Agent Name

Palm Beach County Title

Phone Website Other

Community Information | School District

Number of Properties Sold
500
0
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
0
15
16
17
Prices
The Median Sales Price in December was $ 280,000 , up 8.5 %
Prices from $ 258,000 in December of 2016 and up 2.2 % from
The
$ 274,000 Median last Sales month Price . in The December Average was Sales $ 280,000 Price in , up December 8.5 % was
450 from
$ 436,506 $ 258,000 , up in 23.4 December % from $ of 353,710 2016 and in December up 2.2 % from of 2016 and up
J
F M A M J
15
450
400
J
A S
Median O N D
J Sales
F M A Price M J
J and
A S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$
4.8 274,000 % from last $ 416,361 month . The last Average month . Sales December Price in 2017 December ASP was was at the
$ 436,506 , up 23.4 % from $ 353,710 in December of 2016 and up
400 highest level compared to December of 2016 and 2015 .
350
4.8 % from $ 416,361 last month . December 2017 ASP was at the
highest level compared to December of 2016 and 2015 .
350
300
300
250
1,817 2,079 2,838 2,972 2,802
1,817 2,079 2,838 2,972 2,802 2,994 2,862 2,405 2,475 2,398 1,894 2,477 1,775 1,915 2,666 2,753 2,699 2,918 2,435 2,615 2,435 2,133 1,971 2,259 1,858 1,979 2,837 2,695 2,884 2,991 2,443 2,571 1,720 1,891 1,883 2,030
250
200
200
J
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
15
16
17
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
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
Total Inventory & Month ' s Supply of Inventory ( MSI )
The
December Total Inventory was 12,550 of Properties , down 1.5 available % from 12,737 for sale last of month and
16,000
December down 8.9 was % from 12,550 13,772 , down in 1.5 December % from 12,737 of last last year month . December and
16,000
14,000
9.0 down 20178.9 Inventory % from 13,772 was at in its December lowest level of last compared year . December with December
14,000
12,000
8.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with December
12,000
7.0
10,000 of 2016 and 2015 .
10,000
6.0
8,000
5.0
8,0006,000
A comparatively lower MSI is more beneficial for sellers while a
4.0
6,000
A comparatively lower MSI is more beneficial for sellers while a
4,000
3.0 higher MSI is better for buyers . The December 2017 MSI of 6.2
4,000 higher MSI is better for buyers . The December 2017 MSI of 6.2
2.0 months was at its highest level compared with December of
2,000 months was at its highest level compared with December of
2,000
1.0
2016 and 2015 .
0
2016 and 2015 .
0
0.0
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 M J
J A S O N D
15
16
17
15
16
17
2,994 2,862
14,576 14,493 14,182 13,666 13,189 12,762 12,623 12,373 12,540
2,405 2,475 2,398
13,030 13,413 13,236
14,288 1,894
14,576 14,493 14,182 13,666 13,189 12,762 12,623 12,373 12,540 13,030 13,413
Number of Properties Sold
2,477 1,775 1,915 2,666 2,753 2,699 2,918 2,435 2,615
14,907 13,236 14,988 14,792 14,352 13,914 13,555 13,158 13,323 13,437 13,945 13,772 14,738 14,819 14,598 14,359 13,729 13,343 12,887 12,552 12,229 12,573
2,435 2,133 1,971 2,259 1,858 1,979 2,837 2,695 2,884
14,288 14,907 14,988 14,792 14,352 13,914 13,555 13,158 13,323 13,437 13,945 13,772 14,738 14,819 14,598 14,359 13,729 13,343 12,887
3 Mo Avg
2,991 2,443
12,737
12,550 2,571 1,720
3 Mo Avg
1,891 1,883
12,552 12,229 12,573 12,737 12,550
2,030
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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 Assoc
116 | c o l d w e l l b a n k e r h o m e s . c o m 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 .