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.