FL ARCHIVED December 2017 | Page 90

Market Action Report
December 2017
County: Palm Beach
PALM
BEACH
COUNTY
Market Action
Report
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -0%
$1,999,999
0%
County: Palm Information
Beach
Community
| School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
$3,474,615
Month
$1,700,000
$1,999,999
$2,975,398
Average
List Price Currently
of all Current
Listings
$3,474,615
Total Properties
for Sale
(Inventory)
2,203
December
Price
$1,700,000
December Median
Number Sales
of Properties
Sold
105
December
$2,975,398
December Average
Average Sales
Days Price
on Market (Solds)
161
Total
Properties
for Sale
(Inventory)
2,203
Asking
Price per Currently
Square Foot
(based
on New Listings)
$663
December
of Properties
105
December Number
Sold Price
per Square Sold
Foot
$701
December
Average
Days
on
Market
(Solds)
161
December Month's Supply of Inventory
21.0
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$663
December Sale Price vs List Price Ratio
88.4%
* LM=Last Month Sold
/ L3M=Last
3 Months
December
Price
per / PYM=Same
Square Month
Foot Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$701
December Month's Supply of Inventory
21.0
December
Sale
Price
vs
List
Price
Ratio
88.4%
Property Sales
Average List Price of all Current Listings
Market
Profile
& Sales
Trends
Overview
December
Median
Price
Median
List
Price
of
all
Current
December Average Sales Price Listings
200
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 105, up 2.9% from 102 in
180
December of 2016 and 2.9% higher than the 102 sales last
160
month. December 2017 sales were at a mid level compared to
Property
Sales
December of
2016 and 2015. December YTD sales of 1,407 are
December
Property
were
105, year-to-date
up 2.9% from
102 of in 1,309.
running 7.5%
ahead sales
of last
year's
sales
December of 2016 and 2.9% higher than the 102 sales last
month. December 2017 sales were at a mid level compared to
December of 2016 and 2015. December YTD sales of 1,407 are
running 7.5% ahead of last year's year-to-date sales of 1,309.
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
-1% Trending versus*:
1%
LM L3M
LY
YTD
Prior
YTD Prior
-5%
9% PYM
11% 3%
$1,625,000
-2%
-2% Year
-0%
0%
9% 20% 50% 18% $2,514,862
-1%
0%
-1%
1%
0%
2%
-5%
-2%
-2%
3% 9% 11%
3% 3% $1,625,000
1,407
7%
9% 20%
-1%
0%
-3%
-2% 50%
15% 18%
7% $2,514,862
156
4%
4%
0% -8% -1%
2%
-20%
3%
$660
3%
3%
3%
3% 23%
1,407
7%
8% 18% 28%
$581
3%
2%
-3%
-2%
15%
7%
156
4%
4%
-3% -10% -1% 6%
19.9
1%
1%
-20%
-8%
-1%
3%
$660
3%
3%
-.1% 1.0% -1.9% .3%
87.5%
-1%
-1%
8% 18% 28% 23%
$581
3%
2%
-3% -10% -1%
6%
19.9
1%
1%
Number of Properties Sold
-.1% 1.0% -1.9% .3%
87.5%
-1%
-1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
200
140
180
120
160
100
140
80
120
60
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 2,203, up 0.1% from 2,200 last month and up
2.4% from 2,152 in December of last year. December 2017
Inventory
& at
MSI
Inventory was
its highest level compared with December of
2016
and Inventory
2015.
The
Total
of Properties available for sale as of
December was 2,203, up 0.1% from 2,200 last month and up
2.4% from 2,152 in December of last year. December 2017
A comparatively
lower
MSI level
is more
beneficial
for December
sellers while
Inventory
was at its
highest
compared
with
of a
higher
MSI
is better for buyers. The December 2017 MSI of 21.0
2016
and
2015.
months was at a mid level compared with December of 2016
and 2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The December 2017 MSI of 21.0
months was at a mid level compared with December of 2016
and 2015.
130
148
107
Median Sales Price and Average Sales Price
0
3 Mo Avg
3,300 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
16
17
3,100 15
2,900
Median Sales Price and Average Sales Price
3 Mo Avg
2,700
3,300
2,500
3,100
2,300
2,900
2,100
2,700
1,900
2,500
1,700
2,300
1,500
2,100
1,300
1,900
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
1,700 15
16
17
1,500
1,300
Total Inventory & Month's Supply of Inventory (MSI)
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
16
17
3,000 15
30.0
2,500
2,000
3,000
1,500
2,500
1,000
2,000
500
1,500
0
1,000
500
Total Inventory & Month's Supply of Inventory (MSI)
The Median Sales Price in December was $1,700,000, up 11.0%
from $1,531,250 in December of 2016 and down 4.9% from
$1,787,500 last month. The Average Sales Price in December
Prices
was $2,975,398, up 50.3% from $1,979,395 in December of
The
Median
December last
was month.
$1,700,000,
up 11.0%
2016
and up Sales
9.5% Price
from in $2,718,187
December
2017
from
in December
of 2016 and
down 4.9%
ASP $1,531,250
was at the highest
level compared
to December
of from
2016 and
$1,787,500
last month. The Average Sales Price in December
2015.
was $2,975,398, up 50.3% from $1,979,395 in December of
2016 and up 9.5% from $2,718,187 last month. December 2017
ASP was at the highest level compared to December of 2016 and
2015.
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
15
16
17
40
Prices
60 0
20
80
40
100
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
0
25.0
20.0
30.0
15.0
25.0
10.0
20.0
5.0
15.0
0.0
10.0
5.0
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
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