FL ARCHIVED September 2017 | Page 132

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

City : West Palm Beach

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
$ 247,000
-1%
10 %
Average List Price of all Current Listings
$ 507,864
2 %
29 %
September Median Sales Price
$ 219,000
10 %
6 %
21 %
29 %
$ 186,000
10 %
9 %
September Average Sales Price
$ 264,856
7 %
6 %
22 %
18 %
$ 245,983
10 %
9 %
Total Properties Currently for Sale ( Inventory )
1,944
-2%
-17%
September Number of Properties Sold
248 -30%
-39%
3,355
-3%
September Average Days on Market ( Solds )
93
7 %
8 %
11 %
9 %
85
-1%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 179
1 %
3 %
-24%
6 %
$ 178
7 %
5 %
September Sold Price per Square Foot
$ 156
2 %
2 %
13 %
14 %
$ 148
9 %
8 %
September Month ' s Supply of Inventory
7.8
40 %
24 %
36 %
21 %
6.1
-6%
-6%
September Sale Price vs List Price Ratio
94.1 %
1.5 % 1.1 % 1.0 % 1.1 %
92.8 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
September Property sales were 248 , down 38.6 % from 404 in
September of 2016 and 30.3 % lower than the 356 sales last
Property month . September Sales 2017 sales were at their lowest level
600
500
September compared Property to September sales were of 2016 248 , and down 2015 38.6 . % September from 404 YTD in
September sales of 3,355 of 2016 are and running 30.3 % 3.1 lower % behind than the last 356 year sales ' s year-to-date last
500 month sales . of September 3,462 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
400 sales of 3,355 are running 3.1 % behind last year ' s year-to-date
400
300
sales of 3,462 .
300
200
Agent Name

West Palm Beach Title

Phone Website Other

Community Information | School District

200
100
403 308 397 287 350 451
Number of Properties Sold
100 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in September was $ 219,000 , up 21.0 % 300
Prices from $ 181,050 in September of 2016 and up 9.5 % from Median Sales Price and Average Sales Price
280
3 Mo Avg The $ 200,000 Median last Sales month Price . in The September Average was Sales $ 219,000 Price in , up September 21.0 %
300 from was $ 181,050 264,856 in , up September 21.8 % from of 2016 $ 217,418 and up in 9.5 September % from of 2016
260
280 $ and 200,000 up 6.6 last % month from $ . 248,363 The Average last month Sales Price . September in September 2017 ASP 240 was $ 264,856 , up 21.8 % from $ 217,418 in of 2016
260
was at the highest level compared to September of 2016 and 220 and up 6.6 % from $ 248,363 last month . September 2017 ASP 240 2015 .
200 was at the highest level compared to September of 2016 and 220 180
2015 . 200
160 180
140 160
120 140
100
120 100
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
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
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The September Total Inventory was 1,944 of Properties , down 2.2 available % from 1,987 for sale last as month of and
3,000 10.0
September down 16.7 was % from 1,9442,334 , down in 2.2 September % from 1,987 of last year month . September and 3,000
10.0 2,500
8.0 down 201716.7 Inventory % from was 2,334 at in its September lowest level of last compared year . September with September 2,500
8.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with September 2,000 of 2016 and 2015 .
2,000
6.0
1,500 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The September 2017 MSI of 7.8
500 2.0 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 7.8 of 500 2.0 months 2016 and was 2015 at its . highest level compared with September of 0
0.0
2016 and 2015 . 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
451 447 430
403 308 397 287 350 451 451 447 430 478 362 385 398 340 411 266 295 443 478 402 427 365 382 404 344 368 349 328 329 436 408 437 440 373 356 248
2,634 2,605 2,545 2,680 2,744 2,657 2,536 2,456 2,364
2,634 2,605 2,545 2,680 2,744 2,657 2,536 2,456 2,364 2,312 2,240 2,199 478 362
Number of Properties Sold
385 398 340 411 266 295 443 478 402 427
2,300 2,309 2,251 2,399 2,541 2,494 2,551 2,441 2,393 2,321 2,249 2,334 2,296 2,369 2,280 2,402 2,444 2,408 2,348 2,203 2,186 2,069 1,987 1,944
365 382 404 344 368 349 328 329 436
3 Mo Avg
2,312 2,240 2,199 2,300 2,309 2,251 2,399 2,541 2,494 2,551 2,441 2,393 2,321 2,249 2,334 2,296 2,369 2,280 2,402 2,444 2,408 2,348 2,203 2,186
408 437 440 373
2,069 1,987 1,944
3 Mo Avg
356
248
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
132 | 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 .