Florida Market Viewpoint April 2017 - Page 132

Market Action Report April 2017 Palm Beach Gardens Market Action Report City: Palm Beach Gardens Agent Name Title Phone Agent Name Website Title Other April 2017 Community Information | School District City: Palm Beach Gardens 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 $592,450 -1% 18% Other $1,039,176 Trending -1% versus*: 17% Month LM 13% L3M 6% PYM 24% LY $422,500 $592,450 -1% 0% -7% 18% 5% $565,449 $1,039,176 740 -1% -4% 17% -19% $422,500 140 13% 6% 6% 24% 13% 14% $565,449 122 0% 27% -7% 14% 5% 39% 10% 740 -4% -19% $238 -7% -5% 6% 140 6% 13% $218 -1% -3% 5% 122 27% 14% 39% 24% 5.3 -10% -18% -28 % $238 -7% -5% 6% -1% 91.5% -.9% -.8% -2.1% 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 $218 -1% -3% 5% 5.3 -10% -18% -28% 91.5% -.9% -.8% -2.1% 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 180 April Property sales were 140, up 12.9% from 124 in April of 2016 and 6.1% higher than the 132 sales last month. April 2017 160 Property sales were Sales at a mid level compared to April of 2016 and 2015. 180 140 April sales 140, running up 12.9% from 124 in of April Property YTD sales of were 467 are 1.7% ahead of April last year's year- 160 120 2016 and sales 6.1% of higher to-date 459. than the 132 sales last month. April 2017 sales were at a mid level compared to April of 2016 and 2015. 140 100 April YTD sales of 467 are running 1.7% ahead of last year's year- 120 to-date sales of 459. 100 80 80 40 13% 467 20% 107 -1% $251 467 2% 8% $226 107 13% -21% 6.9 $251 6% -1.4% 92.2% 2% 8% 13% 18% 6% 14% 9% -11% 5% -1% 9% 5% 11% 3% -1% 3 Mo Avg Number of Properties Sold 3 Mo Avg 142 0 20 20 40 Prices 14 15 700 16 17 Median Sales Price and Average Sales Price 650 115 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 month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. $400,000 $605,567 24% 60 60 The Median Sales Price in April was $422,500, up 24.3% from Prices $340,000 in April of 2016 and up 13.4% from $372,500 last The Median Sales Price Sales in April was in $422,500, 24.3% from month. The Average Price April was up $565,449, up 5.3% 700 $340,000 in April in of April 2016 of and up and 13.4% last from $537,027 2016 up from 0.0% $372,500 from $565,351 last month. Average Price at in the April was $565,449, up 5.3% month. The April 2017 Sales ASP was highest level compared to 650 from April of 2016 and up 0.0% from $565,351 last 600 April $537,027 of 2016 in and 2015. Trending versus*: Prior YTD 13% Prior Year 8% 14% YTD $400,000 10% $605,567 20% 18% 8% $226 14% 11% -21% 6.9 -11% 3% Number of 92.2% Properties -1.4% -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 3 Mo Avg 600 550 550 500 500 450 450 400 400 350 350 300 300 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 level compared with April of 2016 and 2015. 600 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 5.3 a higher MSI is better for level buyers. The April 2017 MSI of of 2016 5.3 and months was at a mid compared with April months 2015. was at a mid level compared with April of 2016 and 2015. 200 0 600 400 10.0 8.0 6.0 2.0 0 0.0 10.0 8.0 6.0 4.0 2.0 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 15 16 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 . 12.0 4.0 200 14 132 | c 12.0 800 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of April 1,000 was Total 740, Inventory down 4.1% 772 last month for and down The of from Properties available sale as of 18.7% April from 910 740, in April last from year. 772 April Inventory was at its lowest 1,000 was down of 4.1% last 2017 month and down 18.7% from 800 910 in compared April of last with year. April April of 2017 was at its lowest level 2016 Inventory and 2015. 17 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.