Market Action Report
City: Palm Beach
September 2017
Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
September 2017
City: Palm Beach Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
$1,250,000
Other
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM LY
4%
14%
$3,689,211 Trending
1% versus*: 1%
Month
LM -22%
L3M -56%
PYM -37%
LY
$339,000
$1,250,000
4% -62% -60%
14% -74%
$733,921
$3,689,211 343
1% -3%
1% -4%
$339,000 -22%
-56%
-37%
-43%
19 -34%
-32%
$733,921 168
-62% -30%
-60% -16%
-74% 11%
-59%
343 $951
-3% 37% 28%
-4% 19%
19 -34%
-32%
$482 -17% -24% -22%
168 -30% -16% 11% 14%
18.1 49% 27% 41%
$951 37% 28% 19% 21%
88.1% 9.6% 2.6% 1.6%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
September
Median
Sales Price
Median
List Price
of all Sales
Current
Listings
September
Average
Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
September
Sales
Price
September Median
Number
of Properties
Sold
September
Sales
Price
September Average
Average
Days
on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
September Number of Properties Sold
September Sold Price per Square Foot
September Average Days on Market (Solds)
September Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
September Sale Price vs List Price Ratio
September Sold Price per Square Foot
$482 -17% -24% -22%
18.1 49% 27% 41%
88.1% 9.6% 2.6% 1.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
September Month's Supply of Inventory
September 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
80
3 Mo Avg
3 Mo Avg
33
0
46
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
14
15
16
17
0
10
10
-15%
$646
15%
13%
21%
13.3
5%
-11%
Number of 86.7%
Properties
1.2%
-0% Sold -0%
20
20
17%
-3%
13%
-11%
-0%
30
30
-2% 29%
18% 16%
-3%
15%
17%
5%
-3%
-0%
40
40
30%
323
12%
173
21%
$762
323
-2%
-15%
$646
173
18%
21%
13.3
$762
-3%
1.2%
86.7%
50
50
$760,000
$2,095,884
14%
60
compared to September of 2016 and 2015. September YTD
sales of 323 are running 2.1% behind last year's year-to-date
sales of 330.
Trending versus*:
Prior YTD 30%
Prior Year 29%
-43% YTD
$760,000
-59% $2,095,884
12%
16%
Number of Properties Sold
70
September Property sales were 19, down 32.1% from 28 in
September of 2016 and 34.5% lower than the 29 sales last
Property
Sales 2017 sales were at their lowest level
month. September
80
September
sales were
19, down
32.1% September
from 28 in YTD
compared Property
to September
of 2016
and 2015.
70
September
of 2016
and 34.5%
lower
than last
the year's
29 sales
last
sales of 323
are running
2.1%
behind
year-to-date
month.
2017 sales were at their lowest level
sales of September
330.
60
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
O N D J F M A M J J Median
A S O N Sales
D J F Price
M A M and
J J Average
A S O N Sales
D J F Price
M A M J J A S
3 Mo Avg
14
15
16
17
Prices
The Median Sales Price in September was $339,000, down
36.9% from $537,500 in September of 2016 and down 22.1%
Prices
3,200
The
Median
Sales last
Price month.
in September
was $339,000,
down
from
$435,000
The Average
Sales Price
in
36.9%
from $537,500
in September
of 2016
and $2,852,507
down 22.1% in
September
was $733,921,
down 74.3%
from
3,200 2,700
from
$435,000
The 62.5%
Average from
Sales $1,956,890
Price in
September
of last
2016 month.
and down
last
September
was $733,921,
$2,852,507
month. September
2017 down
ASP 74.3%
was at from
the lowest
level in
compared 2,700 2,200
September
of 2016
and down
62.5% from $1,956,890 last
to September
of 2016
and 2015.
2,200 1,700
month. September 2017 ASP was at the lowest level compared
to September of 2016 and 2015.
Median Sales Price and Average Sales Price
3 Mo Avg
1,700 1,200
1,200 700
700 200
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
14
15
16
17
200
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
14
15
16
17
30.0
300
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
25.0
20.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
600
September
was 343,
2.6% available
from 352
The
Total Inventory
of down
Properties
for last
sale month
as of and down
4.5% from was
359 343,
in September
last 352
year.
September
down 2.6% of
from
last September
month and 2017
down 600 500
Inventory
was in at September
its lowest of
level
with September
of 500
4.5%
from 359
last compared
year. Sep