FL ARCHIVED February 2018 | Page 120

Market Action Report
February 2018
Boynton
Beach
Market Action Report
City: Boynton Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$264,900
2%
2%
Other
$316,701 Trending
0% versus*: 1%
Month
LM -2%
L3M -2%
PYM 11%
LY
$240,000
$264,900
2% 3% 2%
2% 15%
$278,710
$316,701 1,530
0% 6%
1% -8%
$240,000 235
-2% 4%
-2% 11% 0%
0%
$278,710 3%
2%
15%
4%
85 33% 18% 20%
1,530 6%
-8%
$165 2% 1% 6%
235 4%
0%
$151 1% -1% 7%
85 33% 18% 20% 18%
6.5 2% 12% -8%
$165 2% 1% 6% 4%
92.2% -1.4% -.9% -.9%
$151 1% -1% 7% 2%
$151
6%
2%
6.5 2% 12% -8% 32%
6.5
-8%
31%
of 92.9%
Properties
92.2% -1.4% -.9% -.9% Number
-.8%
0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
February Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
450
February Property sales were 235, equal to 235 in February of
400
2017 and 4.4% higher than the 225 sales last month. February
Property
2018 sales Sales
were at their highest level compared to February of 450 350
February
sales were YTD
235, sales
equal of to 460
235 are
in February
2017 and Property
2016. February
running of
3.6%
400 300
2017
and last
4.4%
higher
than the 225
sales of last
month. February
behind
year's
year-to-date
sales
477.
2018 sales were at their highest level compared to February of
350 250
10
0
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
15
16
17
18
3 Mo Avg
250 150
200 100
330
301
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
15
16
17
18
M A M J J A S O N D
J F M A Sales
M J J Price
A S O and
N D Average
J F M A Sales
M J J Price
A S O N D J F
Median
3 Mo Avg
15
16
17
18
129
Median Sales Price and Average Sales Price
3 Mo Avg
Selling Price versus Listing Price Ratio
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 February 2018 Selling Price vs Original
List Price of 92.2% was down from 93.5% last month and down
from 93.0% in February of last year.
96%
95%
94%
90%
89%
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
15
16
17
18
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
18
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
15
16
17
15
16
17
18
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
120 | c
.
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
1,000
1,200
1,400
1,600
Total Inventory & Month's Supply of Inventory (MSI)
1,800
Total Inventory & Month's Supply of Inventory (MSI)
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 February 2018 was 511, down 5.7% from 542 last month and
up 7.4% from 476 in February of last year.
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
18
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
15
16
17
18
0
and 2016.
Inventory / New Listings / Sales
Inventory / New Listings / Sales
170 150
190 170
The Total Inventory
Inventory
& MSI of Properties available for sale as of
1,800
February
was 1,530,
up 6.2% from
1,441 for
last sale
month
The
Total Inventory
of Properties
available
as of and down
1,800 1,600
7.9% from
in up
February
of last
year.
February
February
was 1,661
1,530,
6.2% from
1,441
last month
and 2018
down
7.9%
from 1,661
last compared
year. February
Inventory
was in
at February
its lowest of level
with 2018
February of 1,600 1,400
1,400 1,200
Inventory
at its lowest level compared with February of
2017 and was
2016.
1,200 1,000
2017 and 2016.
1,000 800
A comparatively lower MSI is more beneficial for sellers while a 800 600
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while of a 6.5 600 400
MSI is better
for buyers.
February
2018 MSI
400 200
higher
MSI
is better
for buyers.
February
2018
MSI of 6.5
months
was
at its lowest
level The
compared
with
February
of 2017
200
months
was at its lowest level compared with February of 2017
0
and 2016.
92.2%
91%
210 190
Inventory & MSI
93.0%
92.7%
93%
92%
230 210
150
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
The Median Sales Price in February was $240,000, up 11.1%
Prices
from $216,000 in February of 2017 and down 2.0% from
290
The
Median last
Sales month.
Price in The
February
was Sales
$240,000,
up February
11.1%
$245,000
Average
Price in
was
from
$216,000
in February
2017 and
2.0% of
from
$278,710,
up 15.2%
from of
$241,964
in down
February
2017 and up 290 270
$245,000
last $271,019
month. The
Price 2018
in February
was
2.8% from
last Average
month. Sales
February
ASP was
at the
270 250
$278,710,
up 15.2%
from $241,964
in February
of 2017
and up
highest level
compared
to February
of 2017 and
2016.
2.8% from $271,019 last month. February 2018 ASP was at the
250 230
highest level compared to February of 2017 and 2016.
151
Prices
3 Mo Avg
142
0
0
50
50
100
200
190
180
170
160
150
140
130
120
110
100
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
15
16
17
18
150
Selling Price per Square Foot
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 hig