Florida Market Viewpoint April 2017 - Page 122

Market Action Report City: Boca Raton Boca Raton Agent Name Title Phone Agent Name Website Title Other April 2017 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 $449,900 0% 13% Other $954,598 Trending 1% versus*: 17% Month LM 3% L3M 0% PYM -4% LY $310,000 $449,900 0% 1% -1% 13% -7% $483,876 $954,598 2,623 1% -2% 17% -20% $310,000 390 3% -19% 0% -4% -20% 2% $483,876 1% -1% -7% 6% 91 -5% -4% -8% 2,623 -2% -20% $235 4% 0% 5% 390 -19% -20% $198 1% -1% -2% 91 -5% -4% -8% -4% 6.7 22% 0% 0% $235 4% 0% 5% 4% 91.3% -.1% -.2% -1.0% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) April Sales Price April Median Number of Properties Sold April Average Sales Price April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sale Price vs List Price Ratio April Sold Price per Square Foot $198 1% -1% -2% 6.7 22% 0% 0% 91.3% -.1% -.2% -1.0% April 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 700 April Property sales were 390, down 20.4% from 490 in April of 2016 and 19.1% lower than the 482 sales last month. April 2017 600 Property sales were Sales at their lowest level compared to April of 2016 and 700 April Property sales sales were of 390, down from 490 behind in April last of 500 2015. April YTD 1,562 are 20.4% running 0.6% 2016 and 19.1% lower sales than of the 1,572. 482 sales last month. April 2017 600 year's year-to-date 400 sales were at their lowest level compared to April of 2016 and 14 600 0% 5% 3% -2% -1% 3 Mo Avg 3 Mo Avg 453 15 16 Median Sales Price and Average Sales Price 550 455 Prices $480,039 last month. April 2017 ASP was at a mid range compared to April of 2016 and 2015. $236 1,562 -1% $199 95 0% 7.2 $236 5% 91.5% 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 14 15 16 17 M J J A S O N D J F Median M A M J Sales J A S Price O N D and J F Average M A M J Sales J A S Price O N D J F M A 3 Mo Avg 0 The Median Sales Price in April was $310,000, down 4.0% from Prices $323,000 in April of 2016 and up 3.4% from $299,950 last The Median Sales Price Sales in April was in $310,000, 4.0% from month. The Average Price April was down $483,876, down 600 $323,000 in $517,698 April of 2016 and up 3.4% and from up $299,950 last 6.5% from in April of 2016 0.8% from month. The last Average Sales April Price 2017 in April down 550 $480,039 month. ASP was was $483,876, at a mid range 6.5% from $517,698 2016 and up 0.8% from compared to April in of April 2016 of and 2015. 0 100 100 200 -1% 2% 0% 7% 5% 3% 0% -15% 5% -1% 200 300 $310,000 1,562 5% $487,285 1% -4% 95 4% 2% -8% -.8% 2% 7% 1% 300 400 500 $487,285 Number of Properties Sold 2015. April YTD sales of 1,562 are running 0.6% behind last year's year-to-date sales of 1,572. Trending versus*: YTD Prior YTD 5% Prior Year $310,000 2% 6% 2% $199 3% 3% -8% 7.2 -15% -2% Number of 91.5% Properties -.8% -1% Sold -1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Month's Supply of Inventory Trending versus*: Prior YTD Prior Year YTD Market Action Report City: Boca Raton April 2017 17 3 Mo Avg 500 500 450 450 400 400 350 350 300 300 250 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 250 15 A M J J A S O N D J F M 16 M J 14 J A S O N D J F M A M J J A S O N D J F M A 17 14 15 16 17 2,500 2,000 2,000 12.0 lowest level compared with April of 2016 and 2015. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,500 12.0 10.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of April 3,500 was Total 2,623, down 1.6% from 2,665 last month and 20.3% The Inventory of Properties available for sale as down of April from 3,292 in April last 2,665 year. last April 2017 and Inventory was at its 3,500 3,000 was 2,623, down 1.6% of from month down 20.3% from 3,292 in compared April of last with year. April April was at its lowest level of 2017 2016 Inventory and 2015. 3,000 2,500 8.0 6.0 A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000 4.0 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 6.7 a 1,000 higher MSI is better for buyers. April 2017 MSI of 6.7 months was at its highest level The compared with April of 2016 and 500 500 2.0 months 0 2015. was at its highest level compared with April of 2016 and 0 0.0 2015. 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 O N D J F M A 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 122 | c . 10.0 8.0 6.0 4.0 2.0 0.0 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.