FL ARCHIVED July 2017 - Page 128

Market Action Report City: Palm Beach July 2017 Palm Beach Agent Name Title Phone Agent Name Website Title Other July 2017 City: 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 $1,239,600 0% 28% Other $3,574,577 Trending -2% versus*: 6% Month LM -16% L3M -9% PYM 240% LY $850,000 $1,239,600 0% 4% -10% 28% 52% $2,133,892 $3,574,577 351 -2% -8% 6% -5% $850,000 -16% -9% 240% 44% 28 -42% 8% $2,133,892 173 4% -15% -10% 0% 52% -11% 18% 351 -8% -5% $560 -27% -23% 7% 28 -42% 8% $651 -10% -7% 38% 173 -15% 0% -11% 17% 12.5 58% 33% -11% $560 -27% -23% 7% -29% 88.1% 1.4% 1.4% 8.4% 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 $651 -10% -7% 38% 12.5 58% 33% -11% 88.1% 1.4% 1.4% 8.4% * 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 Prices 30 39 0 14 15 16 48 50 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 M Median J J A S Sales O N D Price J F M and A M Average J J A S Sales O N D Price J F M A M J J The Median Sales Price in July was $850,000, up 240.0% from Prices $250,000 in July of 2016 and down 16.0% from $1,012,500 last 3,200 The Median Sales Price Sales in July Price was $850,000, 240.0% from month. The Average in July was up $2,133,892, up $250,000 in July of 2016 and down from 52.0% from $1,404,314 in July of 16.0% 2016 and up $1,012,500 3.7% from last 2,700 month. The Average Sales Price in July was was $2,133,892, up level 3,200 $2,058,104 last month. July 2017 ASP at the highest 52.0% from $1,404,314 in July of 2016 and up 3.7% from compared to July of 2016 and 2015. 2,700 2,200 $2,058,104 last month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. 3 Mo Avg 10 10 0 3 Mo Avg 20 20 14% $665 22% 17% -16% 12.7 -2% -15% Number of 87.2% Properties 1.2% 0% Sold 0% 30 30 12% -4% 17% -15% 0% 40 40 1% 40% 13% 23% -2% 22% 12% -2% -4% 0% 50 50 43% 273 23% 166 -29% $755 273 1% 14% $665 166 13% -16% 12.7 $755 -2% 1.2% 87.2% 60 60 $825,000 $2,215,499 17% Number of Properties Sold 70 were at a mid level compared to July of 2016 and 2015. July YTD sales of 273 are running 1.1% ahead of last year's year-to- date sales of 270. Trending versus*: Prior YTD 43% Prior Year 40% 44% YTD $825,000 18% $2,215,499 23% 23% 80 July Property sales were 28, up 7.7% from 26 in July of 2016 and 41.7% lower than the 48 sales last month. July 2017 sales Property Sales were at a mid level compared to July of 2016 and 2015. July 80 July were 28, up 7.7% 26 of in last July year's of 2016 YTD Property sales of sales 273 are running 1.1% from ahead year-to- 70 and 41.7% than the 48 sales last month. July 2017 sales date sales lower of 270. Trending versus*: Prior YTD Prior Year YTD Market Action Report 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 2,200 1,700 1,700 1,200 1,200 700 700 200 Inventory & MSI 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 S 14 O N D J F M A M J J A S O N D J F M A 17 M J J 14 15 16 17 400 300 A comparatively lower MSI is more beneficial for sellers while a Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 The Total Inventory Inventory & MSI of Properties available for sale as of July 600 was Total 351, Inventory down 7.6% 380 last month The of from Properties available for and sale down as of 4.6% July from 368 351, in July last from year. 380 July last 2017 Inventory was 4.6% at its from lowest 600 500 was down of 7.6% month and down 368 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. 500 400 level compared with July of 2016 and 2015. 300 200 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 12.5 a 200 100 higher MSI is better for buyers. July 2017 MSI of 12.5 months was at its lowest level The compared with July of 2016 and 100 months was at its lowest level compared with July of 2016 and 0 2015. 0 2015. 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 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 17 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 128 | c . 30.0 25.0 200 20.0 15.0 10.0 5.0 0.0 25.0 20.0 15.0 10.0 5.0 0.0 M J J Data provided courtesy of d Greater 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 w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy 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.