FL ARCHIVED July 2017 | Page 130

Market Action Report
July 2017
Palm
Beach
Gardens
Market Action Report
City: Palm Beach Gardens
Agent Name
Title
Phone
Agent
Name
Website
Title Other
July 2017
Community Information | School District
City: Palm Beach Gardens
Trending versus*:
L3M PYM
LY
3 Mo Avg
Prices
14
700
650
15
16
138
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
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
Median Sales Price and Average Sales Price M J J 3 Mo Avg
0
last month. July 2017 ASP was at the highest level compared to
July of 2016 and 2015.
0
20
The Median Sales Price in July was $407,500, up 17.1% from
Prices
$348,000 in July of 2016 and down 4.7% from $427,500 last
The
Median
Sales
Price Sales
in July Price
was $407,500,
17.1% from up 16.1%
month.
The
Average
in July was up $582,904,
700
$348,000
in July in
of July
2016 of and
down
from
$427,500
last
from $501,943
2016
and 4.7%
down
14.5%
from $681,732
650
month.
The Average
Sales
Price
in at
July
$582,904,
up 16.1% to
last month.
July 2017
ASP
was
the was
highest
level compared
from
in July
of 2016 and down 14.5% from $681,732
July $501,943
of 2016 and
2015.
600
20
40
40
60
60
80 80
100 120
2015. July YTD sales of 907 are running 0.9% ahead of last
year's year-to-date sales of 899.
Number of Properties Sold
180
July Property sales were 114, down 15.6% from 135 in July of
160
2016 and 21.9% lower than the 146 sales last month. July 2017
Property
sales were Sales
at their lowest level compared to July of 2016 and 180 140
July
Property
sales sales
were of
114,
down
from
135 ahead
in July of of last
2015.
July YTD
907
are 15.6%
running
0.9%
160 120
2016
and
21.9% lower sales
than of
the 899.
146 sales last month. July 2017
year's
year-to-date
sales were at their lowest level compared to July of 2016 and
140 100
3 Mo Avg
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
4%
2%
9%
3%
-1%
$213 -6% -3% 6% 4%
$223
12%
9%
7.0 21% 17% 13% 1%
7.1
1%
3%
of 92.1%
Properties
92.7% 1.6% .9% 1.0% Number
-.1%
-0% Sold -1%
* 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
1% 8%
7% 19%
6%
12%
4%
1%
2%
-0%
July Sale Price vs List Price Ratio
July Sold Price per Square Foot
July Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
July Sold Price per Square Foot
July Average Days on Market (Solds)
July Number of Properties Sold
-1%
4%
1%
-.1%
Asking Price per Square Foot (based on New Listings)
13%
907
23%
102
$249
907
1%
$223
102
7%
7.1
$249
6%
92.1%
July Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$400,000
$612,440
-12%
July Average Sales Price
July
Sales
Price
July Median
Number
of Properties
Sold
124
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Trending versus*:
Prior YTD 13%
Prior Year 8%
10% YTD
$400,000
14%
$612,440
23%
19%
Market
Profile
& Trends
July Median
Sales
Price Overview
Median
List Price
of all
Current Listings
July Average
Sales
Price
$595,000
1%
10%
Other
$1,015,852 Trending
-0% versus*:
10%
Month
LM -5%
L3M 0%
PYM 17%
LY
$407,500
$595,000
1% -14% -4%
10% 16%
$582,904
$1,015,852 803
-0% -5% 10% -4%
$407,500 114
-5% -22%
0% 17% -16%
10%
$582,904 -14%
-4%
16%
14%
86 -15% -17% -5%
803 -5%
-4%
$240 1% 0% 5%
114 -22%
-16%
$213 -6% -3% 6%
86 -15% -17% -5% -12%
7.0 21% 17% 13%
$240 1% 0% 5% -1%
92.7% 1.6% .9% 1.0%
Average List Price of all Current Listings
Trending versus*:
Prior YTD Prior Year
YTD
LM
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
Price Range: All | Properties: SFH - Con
17
Median Sales Price and Average Sales Price
3 Mo Avg
600
550
550 500
500 450
450 400
400 350
350 300
Inventory & MSI
A comparatively lower MSI is more beneficial for sellers while a
600
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
12.0
12.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of July
1,200
was Total
803, Inventory
down 5.4%
from 849 last
month
The
of Properties
available
for and
sale down
as of 4.2%
July from
838 803,
in July
of 5.4%
last year.
July last
2017
Inventory
was 4.2%
at a mid
was
down
from 849
month
and down
from level 1,200 1,000
838
in July of
last July
year. of July
2017
compared
with
2016
and Inventory
2015. was at a mid level
1,000
800
compared with July of 2016 and 2015.
800
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
600
400
400
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
July 2017
MSI of
7.0 a
200
higher
MSI
is better
for buyers.
July 2017
MSI July
of 7.0
months
was
at its highest
level The
compared
with
of 2016 and 200
months
was
at
its
highest
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
130 | c
.
10.0
300
8.0
6.0
4.0
2.0
0.0
10.0
8.0
6.0
4.0
2.0
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.