FL ARCHIVED January 2018 | Page 122

Market Action Report January 2018
Community Information | School District
Market Action Report January 2018

City : Delray Beach

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
$ 273,500
3 %
17 %
Average List Price of all Current Listings
$ 588,401
4 %
12 %
January Median Sales Price
$ 189,000
1 %
8 %
7 %
8 %
$ 189,000
7 %
8 %
January Average Sales Price
$ 350,092
20 %
6 %
4 %
8 %
$ 350,092
4 %
8 %
Total Properties Currently for Sale ( Inventory )
1,766
5 %
-6%
January Number of Properties Sold
222 -10%
5 %
222
5 %
January Average Days on Market ( Solds )
79
16 %
5 %
1 %
3 %
79
1 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 219
10 %
6 %
11 %
12 %
$ 219
11 %
12 %
January Sold Price per Square Foot
$ 179
13 %
8 %
10 %
8 %
$ 179
10 %
8 %
January Month ' s Supply of Inventory
8.0
16 %
11 % -10%
31 %
8.0
-10%
31 %
January Sale Price vs List Price Ratio
92.3 %
-. 1 %
. 6 %
1.4 % 1.1 %
92.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Agent Name

Delray Beach Title

Phone Website Other

Community Information | School District

Property Sales
450
January Property sales were 222 , up 4.7 % from 212 in January of 2017 and 9.8 % lower than the 246 sales last month . January
400
Number of Properties Sold
3 Mo Avg
Property
2018 sales Sales were at their highest level compared to January of
450
350
January
2017 and Property 2016 . sales January were YTD 222 , sales up 4.7 of % 222 from are 212 running January 4.7 % of ahead 2017 and of last 9.8 year % lower ' s year-to-date than the 246 sales sales of last 212 month . . January
400
300
2018 sales were at their highest level compared to January of
350
250
2017 and 2016 . January YTD sales of 222 are running 4.7 % ahead of last year ' s year-to-date sales of 212 .
300
200
250
150
200
100
150
50
100
0
50
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
0
15
16
17
18
Prices
The Median Sales Price in January was $ 189,000 , up 6.9 % from
Prices
$ 176,750 in January of 2017 and up 0.8 % from $ 187,500 last
The month Median . The Sales Average Price Sales in January Price was in January $ 189,000 was , up $ 350,092 6.9 % from , up
450
$
4.3 176,750 % from in January $ 335,622 of 2017 in January and up of 0.8 2017 % from and $ up 187,500 19.7 % last from month
$ 292,589 . The last Average month Sales . January Price in 2018 January ASP was was $ 350,092 at the highest , up
400
F
M A M J
15
450
400
350
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
4.3 level % from compared $ 335,622 to January in January of 2017 of 2017 and and 2016 up 19.7 . % from
$ 292,589 last month . January 2018 ASP was at the highest
350
300
level compared to January of 2017 and 2016 .
300
250
250 200
200 150
284 364 385 338 363
284 364 385 338 363 332 279 294 286 217 289 212 247 327 346 298 355 297 289 275 258 236 272 212 261 376 363 344 335 309 286 214 226 247 246 222
150
100
100
F
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
M
15 A 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
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
January Total Inventory was 1,766 of , up Properties 4.8 % from available 1,685 last for sale month as of and down
2,000
January
6.2 % from was 1,883 1,766 , in up January 4.8 % from of 1,685 last year last . month January and 2018 down
2,000
6.2
Inventory % from 1,883 was at in a January mid level of last compared year . January with January 2018 of 2017 and
1,500
Inventory
2016 . was at a mid level compared with January of 2017 and
1,500
2016 .
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2018 sellers MSI while of a 8.0 higher MSI is better for buyers . The January 2018 MSI of 8.0
500 months was at its lowest level compared with January of 2017 months and 2016 was
. at its lowest level compared with January of 2017 and 2016 .
0
4.0
500
2.0
0
0.0
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 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
15
16
17
18
15
16
17
18
2.0
0.0
1,471 1,412 1,380 1,307 1,257 1,278 1,252 332 279
1,471 1,412 1,380 1,307 1,257 1,278 1,252
1,296 1,441
294 286
1,511 1,296 1,541
217 289
1,441 1,705 1,511 1,541
1,780 1,779 1,798 1,724
Number of Properties Sold
212 247 327 346 298 355 297 289
1,705 1,780 1,779 1,798 1,724 1,659 1,589 1,595 1,595
1,659 1,589 1,595 1,595 1,653 1,755 1,762 275 258 236 272 212 261 376 363 344 335
1,653 1,883
1,825 1,755 1,762
1,883 1,825 1,774 1,778 1,718 1,646 1,597
1,774 1,778 1,718 1,646 1,597 1,492 1,457 1,577 1,649 309 286
1,492 1,685 1,457
1,766 1,577
214 1,649
226
3 Mo Avg
247
1,685
1,766 246 222
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
122 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .