FL ARCHIVED July 2017 - Page 118

Market Action Report July 2017 Palm Beach County Market Action Report County: Palm Beach Agent Name Title Phone Agent Name Website Title Other July 2017 County: Palm Beach Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $378,000 1% 12% Other $858,702 Trending 1% versus*: 18% Month LM -3% L3M 2% PYM 9% LY $279,250 $378,000 1% -4% -3% 12% 5% $401,565 $858,702 1% -4% 18% -12% 12,763 $279,250 2,200 -3% -23% 2% 9% -10% 12% $401,565 -4% -3% 5% 7% 81 -9% -8% -11% 12,763 -4% -12% $215 2% 1% 9% 2,200 -23% -10% $186 -3% -2% 8% 81 -9% -8% -11% -9% 5.8 25% 14% -3% $215 2% 1% 9% 2% 92.6% .1% .2% -.3% Average List Price of all Current Listings Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot Trending versus*: Prior YTD 6% Prior Year 6% 12% YTD $265,000 7% $409,779 5% 9% $265,000 17,184 6% $409,779 5% -9% 88 0% 6% -1% 9% 8% 7% -1% -7% 5% -0% 2% $220 17,184 0% 7% $187 88 -1% -10% 6.1 $220 8% -.2% 92.5% -1% 5% 7% -5% -0% $186 -3% -2% 8% 7% $187 7% 7% 5.8 25% 14% -3% -10% 6.1 -7% -5% of 92.5% Properties 92.6% .1% .2% -.3% Number -.2% -0% Sold -0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory July Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 3,500 July Property sales were 2,200, down 9.6% from 2,434 in July of 2016 and 22.8% lower than the 2,849 sales last month. July 3,000 Property 2017 sales Sales were at their lowest level compared to July of 2016 3,500 July sales were 2,200, down 9.6% from 2,434 in ahead July of 2,500 and Property 2015. July YTD sales of 17,184 are running 0.2% of last 2016 and year-to-date 22.8% lower than 2,849 sales last month. July 3,000 year's sales the of 17,154. 2,000 2017 sales were at their lowest level compared to July of 2016 and 2015. July YTD sales of 17,184 are running 0.2% ahead of last year's year-to-date sales of 17,154. Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg Number of Properties Sold 3 Mo Avg 2,500 1,500 2,000 1,000 Prices 14 The Median Sales Price in July was $279,250, up 8.8% from 450 Prices $256,662 in July of 2016 and down 2.9% from $287,500 last The Median Sales Price Sales in July Price was $279,250, 8.8% from up 5.0% month. The Average in July was up $401,565, 450 400 $256,662 in July of and down 2.9% from $287,500 last from $382,345 in 2016 July of 2016 and down 4.1% from $418,732 month. The Average Sales Price in at July $401,565, 5.0% to last month. July 2017 ASP was the was highest level up compared 400 350 from in July of 2016 and down 4.1% from $418,732 July $382,345 of 2016 and 2015. 350 300 250 200 Inventory & MSI 15 16 3 Mo Avg 300 250 200 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 M J J 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 A 17 M J J A S 14 O N D J F M 14 15 16 17 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 10.0 10.0 0 8.0 6.0 4.0 2.0 0.0 8.0 6.0 4.0 2.0 0.0 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 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 M J J 14 15 16 17 14 15 16 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 . 17 Median Sales Price and Average Sales Price The Total Inventory Inventory & MSI of Properties available for sale as of July 18,000 was Total 12,763, down 3.7% from 13,255 last for month The Inventory of Properties available sale and as of down July 12.1% 16,000 from 14,527 in July last 13,255 year. July 2017 Inventory at its 18,000 was 12,763, down 3.7% of from last month and down was 12.1% 16,000 14,000 from 14,527 July of last with year. July July was at its lowest level in compared of 2017 2016 Inventory and 2015. 14,000 12,000 lowest level compared with July of 2016 and 2015. 12,000 10,000 10,000 8,000 A comparatively lower MSI is more beneficial for sellers while a 8,000 6,000 6,000 4,000 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 5.8 a 4,000 2,000 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 5.8 and 2015. months was at a mid compared July months was at a mid level compared with July of 2016 and 2015. 2,000 0 118 | c 2,397 2,475 2,665 1,915 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 M J J 14 15 16 17 A S O N D J F M A Median M J J A Sales S O N Price D J F and M A M J J A S O N D J F M A M J J Average Sales Price 3 Mo Avg 0 last month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. 0 500 500 1,000 1,500 17 Data provided courtesy of Fort Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater d Greater w Fort el l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.