FL ARCHIVED September 2017 | Page 128

Market Action Report September 2017
Community Information | School District
Market Action Report September 2017

City : Palm Beach Gardens

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 581,500
0 %
4 %
Average List Price of all Current Listings
$ 1,004,151
1 %
2 %
September Median Sales Price
$ 460,625
17 %
9 %
24 %
24 %
$ 402,000
12 %
9 %
September Average Sales Price
$ 618,053
20 %
4 %
28 %
21 %
$ 599,324
21 %
17 %
Total Properties Currently for Sale ( Inventory )
656
-6%
-20%
September Number of Properties Sold
80 -44%
-29%
1,145
-1%
September Average Days on Market ( Solds )
109
30 %
16 %
5 %
11 %
100
2 %
2 %
Asking Price per Square Foot ( based on New Listings )
$ 279
7 %
11 %
8 %
15 %
$ 251
6 %
3 %
September Sold Price per Square Foot
$ 232
11 %
6 %
16 %
14 %
$ 222
11 %
9 %
September Month ' s Supply of Inventory
8.2
68 %
28 %
11 %
19 %
6.8
-1%
-2%
September Sale Price vs List Price Ratio
92.9 %
. 1 %
. 5 %
. 8 %
. 1 %
92.3 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
180
September Property sales were 80 , down 28.6 % from 112 in
September of 2016 and 44.1 % lower than the 143 sales last
160
Property month . September Sales 2017 sales were at their lowest level
180
140
September compared Property to September sales were of 2016 80 , down and 2015 28.6 .% September from 112 in YTD
September of 2016 and 44.1 % lower than the 143 sales last
160 sales of 1,145 are running 1.4 % behind last year ' s year-to-date
120
month sales . of September 1,161 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD sales of 1,145 are running 1.4 % behind last year ' s year-to-date
140
120
100
80
sales of 1,161 .
100
60
Agent Name

Palm Beach Gardens Title

Phone Website Other

Community Information | School District

Number of Properties Sold
80
40
60
20
40
0
20
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
0
14
15
16
17
Prices
The Median Sales Price in September was $ 460,625 , up 23.7 %
Prices from $ 372,500 in September of 2016 and up 17.4 % from
The
$ 392,500 Median last Sales month Price . in The September Average was Sales $ 460,625 Price in , up September 23.7 %
700 from was $ 372,500 618,053 in , up September 28.2 % from of 2016 $ 481,967 and up in 17.4 September % from of 2016
$ and 392,500 up 20.0 last % month from . $ The 515,020 Average last Sales month Price . September in 2017 ASP
650 was was $ 618,053 at the highest , up 28.2 level % from compared $ 481,967 to September in of of 2016 2016 and
600
O
N D
J
F M A M J
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
J
A S
14
15
16
17
700
Median Sales Price and Average Sales Price
3 Mo Avg
650
600
550
3 Mo Avg
and
2015 up . 20.0 % from $ 515,020 last month . September 2017 ASP was at the highest level compared to September of 2016 and
2015 .
550
500
500
450
450
400
400
350
350
300
300
O
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
14
15
16
17
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
J
A S
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
September Total Inventory was 656 of , down Properties 5.9 % available from 697 for last sale month as of and down
1,000
September
20.5 % from was 825 656 in , down September 5.9 % from of last 697 year last . month September and down 2017
1,000
800
20.5
Inventory % from was 825 in at September its lowest level of last compared year . September with September 2017 of
800
Inventory
2016 and was 2015 at . its lowest level compared with September of
600
2016 and 2015 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial September for sellers 2017 while MSI a of 8.2 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 8.2 of
200 months
2016 and was 2015 at its . highest level compared with September of
2016 and 2015 .
0
400
6.0
4.0
200
2.0
0
0.0
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 A S
14
15
16
17
14
15
16
17
4.0
2.0
0.0
108 92 129 85 84 139 164 155 150
108 92 129 85 84 139 164 155 150 142 142 117 124 97 115 104 93 138 124 151 154 135 150 112 123 104 133 98 100 133 150 168 150 123 143 80
831 808 778 864 909 870 816 817 795
831 808 778 864 909 870 816 817 795 756 699 700 142 142
745 738 727
824
Number of Properties Sold
117 124 97 115
756 699 700 745 738 727
104 93 138 124 151 154 135 150 112 123
824 874 901 923 883 858 831 816 825 830 836 104 133 98
874 901 923 883 858 831 816 825 830 836 825 860 915 940 919 831 834 100 133
757 697 656
3 Mo Avg
150
825
860 915 940 919 831 834 168 150
757 697
3 Mo Avg
123
656 143 80
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Assoc
128 | c o l d w e l l b a n k e r h o m e s . c o m does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .