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.