PALM BEACH GARDENS
Community Information | School District
Market Time 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 December was 123 , up 21.8 % from 101 days last month and down 16.3 % from 147 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
Selling Price per Square Foot 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 December 2017 Selling Price per Square Foot of $ 426 was up 3.7 % from $ 410 last month and up 7.5 % from 396 in December of last year .
400 350 300 250 200 150 100 50 0
550 500 450 400 350 300
Days On Market for Sold Properties
93
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Selling Price per Square Foot |
3 Mo Avg |
361
147
396
3 Mo Avg
123
426
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 December 2017 Selling Price vs Original List Price of 86.5 % was down from 95.3 % last month and down from 88.5 % in December of last year .
250
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
80.6 %
3 Mo Avg
88.5 % 86.5 %
40 % 20 %
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 December 2017 was 36 , up 24.1 % from 29 last month and up 20.0 % from 30 in December of last year .
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Inventory / New Listings / Sales |
300 250 200 150 100
176 177 181 161 164 154 143 127 127 135 153 150
176 194 204 198 195 195 196 195 207 210 221 216 235 244 249 255
229 212
196 183 178 181 161 169
50 0
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Coldwell Banker Global Luxury SM | 103