FL ARCHIVED August 2017 | Page 122

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Delray Beach

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 275,000
0 %
0 %
Average List Price of all Current Listings
$ 570,572
1 %
6 %
August Median Sales Price
$ 192,500
28 %
7 %
28 %
18 %
$ 180,000
12 %
10 %
August Average Sales Price
$ 307,234
3 %
-4%
16 %
-8%
$ 325,983
-5%
-2%
Total Properties Currently for Sale ( Inventory )
1,420
-7%
-15%
August Number of Properties Sold
254 -16%
-12%
2,437
3 %
August Average Days on Market ( Solds )
91
3 %
0 %
-7%
5 %
88
4 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 190
3 %
-2%
3 %
3 %
$ 193
5 %
4 %
August Sold Price per Square Foot
$ 160
0 %
-3%
10 %
1 %
$ 167
4 %
6 %
August Month ' s Supply of Inventory
5.6
10 %
7 %
-3%
-13%
6.0
-5%
-8%
August Sale Price vs List Price Ratio
91.7 %
1.7 % 1.0 %
. 3 %
. 3 %
91.2 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Delray Beach Title

Phone Website Other

Community Information | School District

Property Sales
450
August Property sales were 254 , down 12.1 % from 289 in August of 2016 and 15.6 % lower than the 301 sales last month . August
400
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to August of 2016
450
350
August and 2015 Property . August sales YTD were sales 254 , of down 2,437 12.1 are % running from 2892.8 in % August ahead of of 2016 and 15.6 % lower than the 301 sales last month . August
400 last year ' s year-to-date sales of 2,370 .
300
2017 sales were at their lowest level compared to August of 2016
350
250
and 2015 . August YTD sales of 2,437 are running 2.8 % ahead of last year ' s year-to-date sales of 2,370 .
300
200
250
150
200
100
150
50
100
0
50
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
0
14
15
16
17
Prices
The Median Sales Price in August was $ 192,500 , up 28.3 % from
Prices
$ 150,000 in August of 2016 and up 28.3 % from $ 150,000 last
The month Median . The Sales Average Price Sales in August Price was in August $ 192,500 was , up $ 28.3 307,234 % from , up
450
$
15.6 150,000 % from in August $ 265,803 of 2016 in August and up of 28.3 2016 % from and up $ 150,000 3.2 % from last month
$ 297,766 . The last Average month Sales . August Price in 2017 August ASP was $ at 307,234 the highest , up level
400
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
J
A
14
15
16
17
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
350
3 Mo Avg
15.6 compared % from $ to 265,803 August in of August 2016 and of 2016 2015 and . up 3.2 % from
$ 297,766 last month . August 2017 ASP was at the highest level
350
300
compared to August of 2016 and 2015 .
300
250
250 200
200 150
259 301 200 290 208 284
259 301 200 290 208 284 364 385 338 363 332 279 294 286 217 289 212 247 327 345 298 355 297 289 275 258 236 272 212 261 374 361 341 333 301 254
150
100
100
S
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
O
14 N D
J
F
15 M A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 1,420 Inventory , down 7.4 of % Properties from 1,534 available last month for sale and as down of August 14.7 %
2,500 was from 1,420 1,664 , down in August 7.4 % from of last 1,534 year last . August month and 2017 down Inventory 14.7 % was at
2,500
2,000 from a mid 1,664 level in compared August of last with year August . August of 2016 2017 and Inventory 2015 . was at
2,000 a mid level compared with August of 2016 and 2015 .
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
10.0
8.0
6.0
1,500
6.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while
1,000 a
4.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 5.6 a higher months MSI was is better at a mid for level buyers compared . The August with 2017 August MSI of of 2016 5.6 and months
2015 . was at a mid level compared with August of 2016 and
2015 .
500
0
500
2.0
0
0.0
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 M J
J A
14
15
16
17
14
15
16
17
2.0
0.0
364 385 338 363 332
1,389 1,470
1,439 1,389
1,496 1,470
1,585 1,439 1,668 1,565 1,548 1,454 1,394 1,400 1,333 1,355
1,516
Number of Properties Sold
279 294
1,496 1,585 1,668 1,565 1,548 1,454 1,394 1,400 1,333 1,355
286
1,570 1,618
1,772 217
1,516 1,570
289 212
1,918 1,890 1,958 1,844
1,618
247 327 345 298 355
1,772 1,918 1,890 1,958 1,844 1,760 1,706 297 289 275 258 236 272 212 261
1,760 1,706 1,664 1,697 1,713
1,798 1,664 1,824
1,697 1,949 1,713 1,952
1,863
1,873 1,739 1,656 1,534 1,420 374 361
1,798 1,824 1,949 1,952 1,863 1,873 1,739 1,656
341
3 Mo Avg
333
1,534
1,420 301 254
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
122 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .