FL ARCHIVED December 2017 | Page 128

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

City : Palm Beach Gardens

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
$ 599,900
4 %
5 %
Average List Price of all Current Listings
$ 1,049,851
4 %
4 %
December Median Sales Price
$ 397,000
0 %
-1%
4 %
7 %
$ 400,000
8 %
8 %
December Average Sales Price
$ 636,918
20 %
15 %
35 %
24 %
$ 602,848
19 %
18 %
Total Properties Currently for Sale ( Inventory )
631
0 %
-20%
December Number of Properties Sold
112
-3%
-16%
1,538
1 %
December Average Days on Market ( Solds )
79
3 %
-2%
0 %
-2%
84
5 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 267
0 %
1 %
6 %
11 %
$ 248
4 %
3 %
December Sold Price per Square Foot
$ 229
7 %
5 %
13 %
13 %
$ 220
9 %
8 %
December Month ' s Supply of Inventory
5.6
4 %
-10%
-5%
-11%
6.1
-3%
-3%
December Sale Price vs List Price Ratio
92.2 %
-. 4 %
-. 4 % -1.5%
-. 6 %
92.4 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
180
December Property sales were 112 , down 15.8 % from 133 in
December of 2016 and 3.4 % lower than the 116 sales last month .
160
Property
December Sales 2017 sales were at their lowest level compared to
180
140
December Property of 2016 sales and were 2015 . 112 December , down 15.8 YTD % from sales 133 of in 1,538 are December of 2016 and 3.4 % lower than the 116 sales last month
160 running 1.1 % ahead of last year ' s year-to-date sales of 1,521 .
120
December 2017 sales were at their lowest level compared to
140
100
December of 2016 and 2015 . December YTD sales of 1,538 are running 1.1 % ahead of last year ' s year-to-date sales of 1,521 .
120
80
100
60
Agent Name

Palm Beach Gardens Title

Phone Website Other

Community Information | School District

Number of Properties Sold
80
40
60
20
40
0
20
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 $ 397,000 , up 3.8 %
Prices from $ 382,500 in December of 2016 and up 0.3 % from
The
$ 395,750 Median last Sales month Price . in The December Average was Sales $ 397,000 Price in , up December 3.8 % was
800 from
$ 636,918 $ 382,500 , up 34.9 in December % from $ of 472,277 2016 and in December up 0.3 % from of 2016 and up
750
$
20.5 395,750 % from last month $ 528,685 . The last Average month Sales . December Price in December 2017 ASP was at
$ 636,918 , up 34.9 % from $ 472,277 in December of 2016 and up
700 the highest level compared to December of 2016 and 2015 .
20.5 % from $ 528,685 last month . December 2017 ASP was at
650 the highest level compared to December of 2016 and 2015 .
600
550
500
450
400
350
300
J
F M A M J
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
15
16
17
3 Mo Avg
800
Median Sales Price and Average Sales Price
750
3 Mo Avg
700
650
600
550
500
450
400
350
300
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 631 of , up Properties 0.3 % from available 629 last for month sale as and of down
1,000
December
20.1 % from was 790 631 in , up December 0.3 % from of 629 last last year month . December and down 2017
1,000
800
20.1
Inventory % from 790 was in at December its lowest of level last compared year . December with December 2017 of
800
Inventory
2016 and was 2015 at . its lowest level compared with December of
600
2016 and 2015 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2017 while MSI of a 5.6 higher months MSI was is better at its lowest for buyers level . The compared December with 2017 December MSI of 5.6 of
2016200 months and 2015 was . at its lowest level compared with December of 2016 and 2015 .
0
400
6.0
4.0
200
2.0
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
4.0
2.0
0.0
85 84
85 84 139 164 155 150 142 142 117 124 97 115 104 93 138 124 151 154 135 150 112 123 104 133 99 103 140 154 170 166 139 158 94 87 116 112
822 832 791
139 164 155 150 142
822 832 791 728 734 712 683 142 117 124
648 653 682
728 734 712 683 648 653 682 695 686
761 97
Number of Properties Sold
115
695 686
104 93 138 124
799 817 811 798 777 768
151 154 135 150 112
761 799 817 811 798 777 768 760 769 778 123 104 133 99 103 140 154 170 166
805 790 832 871 870 863 818 790 739
760 769 778 805 790 832 871 870 863 818 790 739 693 657 672 629
3 Mo Avg
139 631
158
693 657 672
94
3 Mo Avg
87
629
631 116 112
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
128 | 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 .