Florida Market Viewpoint April 2017 - Page 124

Market Action Report April 2017 Boynton Beach Market Action Report City: Boynton Beach Agent Name Title Phone Agent Name Website Title Other April 2017 City: Boynton Beach 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 $269,950 0% 8% Other $326,016 Trending 2% versus*: -1% Month LM 2% L3M 2% PYM 0% LY $235,000 $269,950 0% 1% 2% 8% 4% $261,474 $326,016 1,492 2% -3% -1% -18% $235,000 339 2% -5% 2% 0% -0% 2% $261,474 1% 2% 4% 3% 92 0% 3% 11% 1,492 -3% -18% $161 3% 3% 6% 339 -5% -0% $144 0% -1% 2% 92 0% 3% 11% 12% 4.4 2% -18% -18% $161 3% 3% 6% 4% 92.5% .5% .0% -.6% 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 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 $230,000 1,168 4% $257,470 7% 12% 89 4% $156 1,168 0% 3% $145 89 7% -21% 5.8 $156 1% -.9% 92.5% 7% 0% 1% 0% 0% 7% 1% 1% 9% 9% -8% 1% -0% 9% 1% 4% 3% -1% 3 Mo Avg Number of Properties Sold 3 Mo Avg 300 200 391 0 50 50 100 250 150 200 100 150 Prices 14 15 The Median Sales Price in April was $235,000, equal to Prices $235,000 in April of 2016 and up 2.2% from $230,000 last 290 The Median Sales Price Sales in April was in $235,000, to month. The Average Price April was equal $261,474, up 3.8% 270 $235,000 in April in of April 2016 of and up 2.2% from $230,000 last from $252,006 2016 and up 1.2% from $258,499 last 290 month. Average Price at in the April was $261,474, up 3.8% month. The April 2017 Sales ASP was highest level compared to 250 from in April of 2016 and up 1.2% from $258,499 last 270 April $252,006 of 2016 and 2015. month. April 2017 ASP was at the highest level compared to 250 230 16 Median Sales Price and Average Sales Price 316 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 April of 2016 and 2015. $257,470 $144 0% -1% 2% 3% $145 9% 4% 4.4 2% -18% -18% -21% 5.8 -8% 3% of 92.5% Properties 92.5% .5% .0% -.6% Number -.9% -0% Sold -1% 450 April Property sales were 339, down 0.3% from 340 in April of 400 2016 and 5.0% lower than the 357 sales last month. April 2017 Property sales were Sales at their lowest level compared to April of 2016 and 450 350 April Property sales sales were of 339, down from 0.4% 340 in April of of last 2015. April YTD 1,168 are 0.3% running ahead 400 300 2016 and 5.0% lower sales than the 357 sales last month. April 2017 year's year-to-date of 1,163. sales were at their lowest level compared to April of 2016 and 350 250 2015. April YTD sales of 1,168 are running 0.4% ahead of last year's year-to-date sales of 1,163. Trending versus*: YTD Prior YTD 4% Prior Year $230,000 2% 3% * 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 17 3 Mo Avg 230 210 210 190 190 170 170 150 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 150 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 1,500 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) 1,000 1,000 A comparatively lower MSI is more beneficial for sellers while a A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 4.4 a higher MSI is better for level buyers. The April 2017 MSI of of 2016 4.4 and months was at a mid compared with April months 2015. was at a mid level compared with April of 2016 and 2015. 500 0 500 0 . 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 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 124 | c 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of April 2,000 was Total 1,492, down 2.9% from 1,536 last month and 18.3% The Inventory of Properties available for sale as down of April from 1,826 in April last 1,536 year. last April 2017 and Inventory was at its 2,000 was 1,492, down 2.9% of from month down 18.3% from 1,826 in compared April of last with year. April April of 2017 was at its lowest level 2016 Inventory and 2015. 1,500 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 informa tion. 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.