FL ARCHIVED December 2017 | Page 106

Market Action Report December 2017

WEST City : West Palm PALM Beach BEACH

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,790,000
-6%
-1%
Average List Price of all Current Listings
$ 3,022,085
-13%
15 %
December Median Sales Price
$ 3,180,000
77 %
86 % 145 % 136 %
$ 1,515,000
12 %
12 %
December Average Sales Price
$ 3,915,252
89 %
46 % 110 % 138 %
$ 2,009,139
23 %
22 %
Total Properties Currently for Sale ( Inventory )
151
-5%
0 %
December Number of Properties Sold
8
100 %
60 %
71
-8%
December Average Days on Market ( Solds )
104 -48% -42% -64% -41%
165
-6%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 516
-10% -30%
-4%
-28%
$ 767
5 %
8 %
December Sold Price per Square Foot
$ 2,413
317 % 78 % 380 % 393 %
$ 692
40 %
42 %
December Month ' s Supply of Inventory
18.9 -53% -60% -38% -23%
32.3
32 %
32 %
December Sale Price vs List Price Ratio
94.4 %
6.5 % 7.3 % 6.2 % 8.0 %
86.9 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales December Property sales were 8 , up 60.0 % from 5 in December of 2016 and 100.0 % higher than the 4 sales last month . December 2017 sales were at their highest level compared to Property December of Sales 2016 and 2015 . December YTD sales of 71 are December running 7.8 Property % behind sales last were year 8 ' s , year-to-date up 60.0 % from sales 5 in of December 77 . of 2016 and 100.0 % higher than the 4 sales last month . December 2017 sales were at their highest level compared to December of 2016 and 2015 . December YTD sales of 71 are running 7.8 % behind last year ' s year-to-date sales of 77 .
12
10 12
8
10 6
8 4
6 2
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in December was $ 3,180,000 , up 144.6 % from $ 1,300,000 in December of 2016 and up 76.9 % from $ 1,798,000 last month . The Average Sales Price in
Prices December was $ 3,915,252 , up 110.2 % from $ 1,862,600 in The December Median of Sales 2016 Price and in up December 89.3 % from was $ 2,067,750 $ 3,180,000 last , up month . 144.6 December % from 2017 $ 1,300,000 ASP was in at December the highest of level 2016 compared and up 76.9 to % from December $ 1,798,000 of 2016 last and month 2015 ..
The Average Sales Price in December was $ 3,915,252 , up 110.2 % from $ 1,862,600 in December of 2016 and up 89.3 % from $ 2,067,750 last month . December 2017 ASP was at the highest level compared to December of 2016 and 2015 .
4
0
2
J
F M A M J
15
J
A
S O N D
J
F M A M J
16
J
A
S O N D
J
F M A M J
17
J
A
S O N D
0
Median Sales Price and Average Sales Price
3 Mo Avg
4,000J
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
3,500
Median Sales Price and Average Sales Price
4,000 3,000
3,500 2,500 3,000 2,000
2,500 1,500
2,000 1,000
1,500
2 5
2 5
10
10 7 7 7
7 7 7
10
10 3 6 4 3 4 6 5 8
3 6 4 3 4 6 5 8 11 11 5 6 3 7 7 3 5
11 11 5 6 3 7 7 3 5
10
10 5 6
5 6
10
10 4 8 4 6 4 2 4 8
3 Mo Avg
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
4 8 4 6 4 2 4 8
Inventory & MSI 1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
The Total Inventory of Properties available for sale as of 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
December was 151 , down 5.0 % from 159 last month and equal to
250 15 16
17 90.0
151 in December of last year . December 2017 Inventory was at 80.0
200 Inventory its highest level & MSI compared with December of 2016 and 2015 .
Total Inventory & Month ' s Supply of Inventory ( MSI ) 70.0
The Total Inventory of Properties available for sale as of 60.0
December was 151 , down 5.0 % from 159 last month and equal to
250 150
50.0 90.0
151 in December of last year . December 2017 Inventory was at
40.0 80.0
200 100 its A highest comparatively level compared lower MSI with is more December beneficial of 2016 for sellers and 2015 while . a
30.0 70.0 higher MSI is better for buyers . The December 2017 MSI of 18.9 50
20.0 60.0 150 months was at its lowest level compared with December of 2016
10.0 50.0 and 2015 . 0
40.0
100 A comparatively lower MSI is more beneficial for sellers while a 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 30.0
higher MSI is better for buyers . The December 2017 MSI of 18.9 50 15 16
17 20.0 months was at its lowest level compared with December of 2016 10.0 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 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15 16
17
97 105
97 105
110 103 105
110 103 105 105 105
105
105 96 105
96
105
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 REALT 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 .
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137 138 138 140 134
140
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182 165
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149 132 132
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141 163
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163 159 151
159 151