Florida Market Viewpoint April 2017 - Page 130

Market Action Report City: Palm Beach April 2017 Palm Beach Agent Name Title Phone Agent Name Website Title Other April 2017 City: Palm 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 $1,257,500 5% 33% Other $3,978,852 Trending 8% versus*: 8% Trending versus*: Month LM 140% L3M 80% PYM 156% LY 151% YTD Prior YTD 45% Prior Year $1,482,500 $825,000 $1,257,500 5% 144% 49% 33% 90% 102% $2,446,900 $3,653,396 43% $3,978,852 428 8% -9% 8% -11% $1,482,500 140% 80% 156% 151% $825,000 45% -7% 40% 41 -15% -15% 140 $3,653,396 144% 49% 90% 102% $2,446,900 43% 0% 35% 136 -20% -9% -27% -8% 150 428 -9% -11% $825 -7% 5% 10% 6% $789 -4% 41 -15% -15% 140 -7% $810 32% 22% 71% 42% $664 30% 136 -20% -9% -27% -8% 150 0% 1% 10.4 6% -15% 4% -29% 14.5 -1% $825 -7% 5% 10% 6% $789 -4% 1% 87.0% .3% -.5% 2.5% -.1% 87.5% -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 $810 32% 22% 71% 10.4 6% -15% 4% 87.0% .3% -.5% 2.5% April Month's Supply of Inventory 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 80 April Property sales were 41, down 14.6% from 48 in April of 70 2016 and 14.6% lower than the 48 sales last month. April 2017 Property sales were Sales at their lowest level compared to April of 2016 and 80 60 April Property sales sales were of 41, 140 down from 48 in April of 2015. April YTD are 14.6% running 7.3% behind last year's 70 2016 and 14.6% lower than the 48 sales last month. April 2017 year-to-date sales of 151. 50 Prices 31 33 0 14 The Median Sales Price in April was $1,482,500, up 155.6% 3,700 Prices from $580,000 in April of 2016 and up 140.1% from $617,500 The in April was $1,482,500, up 155.6% last Median month. Sales The Price Average Sales Price in April was $3,653,396, up 3,200 3,700 from $580,000 in April of in 2016 and 140.1% from $617,500 90.5% from $1,917,984 April of up 2016 and up 144.1% from last month. The April was was at $3,653,396, $1,496,958 last Average month. Sales April Price 2017 in ASP the highest up level 3,200 2,700 15 16 Median Sales Price and Average Sales Price 28 33 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 0 10 10 20 20 3 Mo Avg 30 30 3 Mo Avg Number of Properties Sold 40 1% 1% 16% -1% 0% 40 sales were at their lowest level compared to April of 2016 and 60 2015. April YTD sales of 140 are running 7.3% behind last year's year-to-date sales of 151. 50 40% 35% 42% $664 30% 16% -29% 14.5 -1% -1% Number of 87.5% Properties -.1% -0% Sold 0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 90.5% from to $1,917,984 in April of 2015. 2016 and up 144.1% from compared April of 2016 and $1,496,958 last month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. Trending versus*: Prior YTD Prior Year YTD Market Action Report 3 Mo Avg 17 3 Mo Avg 2,700 2,200 2,200 1,700 1,700 1,200 1,200 700 700 200 Inventory & MSI 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 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 17 400 300 A comparatively lower MSI is more beneficial for sellers while a Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 The Total Inventory Inventory & MSI of Properties available for sale as of April 600 was Total 428, Inventory down 9.1% from 471 last month for and down The of Properties available sale as of 11.4% April from 483 428, in April last from year. 471 April Inventory at its lowest 600 500 was down of 9.1% last 2017 month and down was 11.4% from 483 in compared April of last with year. April April was at its lowest level of 2017 2016 Inventory and 2015. 500 400 level compared with April of 2016 and 2015. 300 200 30.0 25.0 200 20.0 15.0 10.0 A higher comparatively lower MSI is more The beneficial sellers a 200 MSI is better for buyers. April for 2017 MSI while of 10.4 100 higher MSI is better for buyers. April 2017 MSI of 10.4 months was at its highest level The compared with April of 2016 and 100 5.0 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 130 | c . 25.0 20.0 15.0 10.0 5.0 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.