Florida Market Viewpoint April 2017 - Page 136

Market Action Report April 2017 West Palm Beach Market Action Report City: West Palm Beach Agent Name Title Phone Agent Name Website Title Other April 2017 Community Information | School District City: West Palm Beach 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 $265,000 3% 23% Other $560,446 Trending -0% versus*: 52% Month LM 17% L3M 11% PYM 29% LY $193,500 $265,000 3% 10% 5% 23% 19% $258,972 $560,446 2,072 -0% -3% 52% -18% $193,500 386 17% -9% 11% 29% -19% 14% $258,972 10% 5% 19% 15% 83 2% -1% -6% 2,072 -3% -18% $168 -31% -10% 3% 386 -9% -19% $148 4% 2% 15% 83 2% -1% -6% -2% 5.4 7% -8% 1% $168 -31% -10% 3% -1% 92.8% -.2% .1% .3% 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 Trending versus*: Prior YTD 9% Prior Year 3% 14% YTD $174,000 15% $246,704 10% 9% $174,000 1,460 9% $246,704 10% -2% 84 -1% $187 1,460 -1% 8% $145 84 -3% -16% 6.1 $187 19% -.2% 92.7% 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 600 April Property sales were 386, down 19.1% from 477 in April of 2016 and 9.2% lower than the 425 sales last month. April 2017 500 Property sales were Sales at their lowest level compared to April of 2016 and 600 April Property sales sales were of 386, down from 1.4% 477 in April last of 2015. April YTD 1,460 are 19.1% running behind 400 2016 and 9.2% lower than 425 sales last month. April 2017 year's year-to-date sales the of 1,480. 500 Prices 14 300 280 260 240 220 200 180 160 140 120 100 3 Mo Avg Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) A comparatively lower MSI is more beneficial for sellers while a 1,000 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 5.4 a 1,000 500 higher MSI is better for level buyers. The April 2017 MSI of of 2016 5.4 and months was at a mid compared with April 500 months was at a mid level compared with April of 2016 and 0 2015. 0 10.0 8.0 1,500 1,500 10.0 2,000 6.0 4.0 2.0 0.0 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 14 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 . 17 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 Inventory & MSI 136 | c 411 16 Median Sales Price and Average Sales Price 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 The Total Inventory Inventory & MSI of Properties available for sale as of April 3,000 was Total 2,072, down 2.7% from 2,129 last month and 18.1% The Inventory of Properties available for sale as down of April from 2,531 in April last 2,129 year. last April 2017 and Inventory was at its 3,000 2,500 was 2,072, down 2.7% of from month down 18.1% from 2,531 in April of last with year. April April of 2017 was at its lowest level compared 2016 Inventory and 2015. 2,500 2,000 l owest level compared with April of 2016 and 2015. 2015. 477 15 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 0 240 220 200 180 160 140 120 100 0 100 $235,029 last month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. 200 100 The Median Sales Price in April was $193,500, up 29.0% from Prices $150,000 in April of 2016 and up 17.3% from $165,000 last The Median Sales Price Sales in April was in $193,500, up $258,972, 29.0% from month. The Average Price April was up 300 $150,000 in April of 2016 and up of 17.3% $165,000 last 19.0% from $217,627 in April 2016 from and up 10.2% from month. The last Average Sales Price 2017 in April up level 280 $235,029 month. April ASP was was $258,972, at the highest 260 19.0% from $217,627 in 2016 April and of 2016 and up 10.2% from compared to April of 2015. 3 Mo Avg 200 300 3 Mo Avg 300 400 -1% 11% 6% -4% -0% Number of Properties Sold sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 1,460 are running 1.4% behind last year's year-to-date sales of 1,480. -1% 3% -3% 9% 19% 10% -1% -14% 11% -0% $148 4% 2% 15% 8% $145 10% 6% 5.4 7% -8% 1% -16% 6.1 -14% -4% of 92.7% Properties 92.8% -.2% .1% .3% Number -.2% -0% Sold -0% * 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 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.